According to the public record, 83, Old Bromford Lane, Birmingham is a mid-century leasehold apartment and with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Old Bromford Lane, Birmingham, B8 is located in the borough of Birmingham within the B8 postal district.
83, Old Bromford Lane, Birmingham has 2 entries in the Land Registry database, most recently in July 2013 and no records in the EPC database.
We combine this information with that 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 83 Old Bromford Lane Birmingham as £95,645 and the rental value as £549 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 83 Old Bromford Lane Birmingham has increased by £2,548 (2.7%) and its rental value has increased by £17 per month (3.1%).
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 83, Old Bromford Lane, Birmingham is in very good condition we estimate a sale value of £100,427 and rental value of £576 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £88,950 and a rental value of £510 per month.
If you were able to purchase this property for the estimated value of £95,645, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £470 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, 83, Old Bromford Lane, Birmingham was last sold on 01 Jul 2013 for £75,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2013, the market for similar properties has risen 54.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 83, Old Bromford Lane, Birmingham within a radius of 30m over the last 2 years.
The most recent example is 69, Old Bromford Lane, Birmingham, B8 2RR, a Leasehold flat which sold for £88,000 in Mar 2020.
Read more about house prices in B8.
Old Bromford Lane, Birmingham, B8 has a total of 59 addresses. According to our analysis of all the public data, 83, Old Bromford Lane, Birmingham is the 42nd largest and the 44th most expensive property on the street.
When compared to the postcode district it is £87k less expensive than the average property in B8.
83, Old Bromford Lane, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Jan 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 83, Old Bromford Lane, Birmingham is Stechford station which is 1.8 km 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 83, Old Bromford Lane, Birmingham, 34.7% of property is socially rented and 23.4% 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 83, Old Bromford Lane, Birmingham, 28.9% of residents are recorded as possessing school level qualifications and 16.1% 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 83, Old Bromford Lane, Birmingham, the average age was 31.4 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 83, Old Bromford Lane, 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 83, Old Bromford Lane, Birmingham, there are an average of 0.9 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.