According to the public record, 87, Homelea Road, Birmingham is a early-century freehold house with 839 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Homelea Road, Birmingham, B25 is located in the borough of Birmingham within the B25 postal district.
87, Homelea Road, Birmingham has a single entry in the Land Registry database from February 2024 and a single entry in the EPC database dated May 2023.
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 87 Homelea Road Birmingham as £203,357 and the rental value as £1,131 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 87 Homelea Road Birmingham has increased by £7,448 (3.7%) and its rental value has increased by £50 per month (4.4%).
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 87, Homelea Road, Birmingham is in very good condition we estimate a sale value of £213,525 and rental value of £1,187 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £189,122 and a rental value of £1,052 per month.
If you were able to purchase this property for the estimated value of £203,357, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £999 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, 87, Homelea Road, Birmingham was last sold on 02 Feb 2024 for £185,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2024, the market for similar properties has risen 4.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 87, Homelea Road, Birmingham within a radius of 500 metres over the last 2 years.
The most recent example is 90, Homelea Road, Birmingham, B25 8TE, a Freehold house which sold for £180,000 in Apr 2023.
Read more about house prices in B25.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Homelea Road, Birmingham, B25 has a total of 163 addresses. According to our analysis of all the public data, 87, Homelea Road, Birmingham is the 41st largest and the 79th most expensive property on the street.
When compared to the postcode district it is £13k less expensive than the average property in B25.
87, Homelea Road, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 May 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 87, Homelea Road, Birmingham is Stechford station which is 1.5 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 87, Homelea Road, Birmingham, 37.2% of property is privately owned with a mortgage and 24.0% 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 87, Homelea Road, Birmingham, 38.9% of residents are recorded as possessing school level qualifications and 20.9% 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 87, Homelea Road, Birmingham, the average age was 38.2 and the most common age was 17.
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 87, Homelea Road, 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 87, Homelea Road, Birmingham, there are an average of 1.0 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.