According to the public record, 8, Water Mill Close, Birmingham is a mid-century house with 882 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Water Mill Close, Birmingham, B29 is located in the borough of Birmingham within the B29 postal district.
8, Water Mill Close, Birmingham has no records in the Land Registry database and a single entry in the EPC database dated August 2023.
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 8 Water Mill Close Birmingham as £208,046 and the rental value as £1,085 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 8 Water Mill Close Birmingham has increased by £16,474 (7.9%) and its rental value has increased by £41 per month (3.8%).
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 8, Water Mill Close, Birmingham is in very good condition we estimate a sale value of £218,448 and rental value of £1,139 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £193,483 and a rental value of £1,009 per month.
If you were able to purchase this property for the estimated value of £208,046, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,022 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 8, Water Mill Close, Birmingham within a radius of 540 metres over the last 2 years.
The most recent example is 36, Water Mill Close, Birmingham, B29 6TS, a Freehold house which sold for £189,000 in Mar 2022.
Read more about house prices in B29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Water Mill Close, Birmingham, B29 has a total of 34 addresses. According to our analysis of all the public data, 8, Water Mill Close, Birmingham is the 23rd largest and the 24th most expensive property on the street.
When compared to the postcode district it is £77k less expensive than the average property in B29.
8, Water Mill Close, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Aug 2023.
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 8, Water Mill Close, Birmingham is Selly Oak station which is 900 metres 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 8, Water Mill Close, Birmingham, 46.5% of property is privately rented and 27.2% is socially rented.
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 8, Water Mill Close, Birmingham, 41.1% of residents are recorded as possessing school level qualifications and 44.1% 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 8, Water Mill Close, Birmingham, the average age was 37 and the most common age was 22.
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 8, Water Mill Close, Birmingham, 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 8, Water Mill Close, Birmingham, there are an average of 0.6 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.