According to the public record, 72, Milcote Road, Smethwick is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 942 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Milcote Road, Smethwick, B67 is located in the borough of Sandwell within the B67 postal district.
72, Milcote Road, Smethwick has 2 entries in the Land Registry database, most recently in October 2017 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 72 Milcote Road Smethwick as £253,738 and the rental value as £1,212 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 72 Milcote Road Smethwick has increased by £10,328 (4.1%) and its rental value has increased by £40 per month (3.3%).
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 72, Milcote Road, Smethwick is in very good condition we estimate a sale value of £266,425 and rental value of £1,272 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £235,976 and a rental value of £1,127 per month.
If you were able to purchase this property for the estimated value of £253,738, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,247 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 HM Land Registry, 72, Milcote Road, Smethwick was last sold on 27 Oct 2017 for £197,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2017, the market for similar properties has risen 35.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 72, Milcote Road, Smethwick within a radius of 470 metres over the last 2 years.
The most recent example is 105, Milcote Road, Smethwick, B67 5BG, a Freehold house which sold for £223,000 in Nov 2023.
Read more about house prices in B67.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Milcote Road, Smethwick, B67 has a total of 177 addresses. According to our analysis of all the public data, 72, Milcote Road, Smethwick is the 82nd largest and the 76th most expensive property on the street.
When compared to the postcode district it is £34k more expensive than the average property in B67.
The closest station to 72, Milcote Road, Smethwick is Smethwick Rolfe Street station which is 2.6 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 72, Milcote Road, Smethwick, 36.4% of property is privately owned with a mortgage and 32.2% is privately owned outright.
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 72, Milcote Road, Smethwick, 19.7% of residents are recorded as possessing school level qualifications and 55.9% 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 72, Milcote Road, Smethwick, the average age was 37.1 and the most common age was 32.
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 72, Milcote Road, Smethwick, 0.0% 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 72, Milcote Road, Smethwick, there are an average of 1.1 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.