According to the public record, 7, Somerford Road, Birmingham is a mid-century apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Somerford Road, Birmingham, B29 is located in the borough of Birmingham within the B29 postal district.
7, Somerford Road, Birmingham has no records in the Land Registry database and a single entry in the EPC database dated June 2013.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 7 Somerford Road Birmingham as £68,082 and the rental value as £540 per month giving an expected gross yield of 9.5%.
Over the last 12 months the sale value of 7 Somerford Road Birmingham has increased by £3,042 (4.5%) and its rental value has increased by £6 per month (1.1%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 7, Somerford Road, Birmingham is in very good condition we estimate a sale value of £71,486 and rental value of £567 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £63,316 and a rental value of £503 per month.
If you were able to purchase this property for the estimated value of £68,082, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £335 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Somerford Road, Birmingham within a radius of 510 metres over the last 2 years.
The most recent example is Flat 8, Honnington Court 1, Manor House Close, Birmingham, B29 5LA, a Leasehold flat which sold for £50,000 in Nov 2018.
Read more about house prices in B29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somerford Road, Birmingham, B29 has a total of 100 addresses. According to our analysis of all the public data, 7, Somerford Road, Birmingham is the 86th largest and the 96th most expensive property on the street.
When compared to the postcode district it is £217k less expensive than the average property in B29.
7, Somerford Road, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Jun 2013.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 7, Somerford Road, Birmingham is Selly Oak station which is 2.8 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Somerford Road, Birmingham, 34.1% of property is socially rented and 27.3% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 7, Somerford Road, Birmingham, 31.6% of residents are recorded as possessing school level qualifications and 28.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 7, Somerford Road, Birmingham, the average age was 37.2 and the most common age was 12.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 7, Somerford Road, Birmingham, 0.6% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 7, Somerford Road, Birmingham, there are an average of 0.8 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.