According to the public record, 127A, New Road, Birmingham is a modern leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
New Road, Rubery, Rednal, Birmingham, B45 is located in the borough of Bromsgrove within the B45 postal district.
127A, New Road, Birmingham has 2 entries in the Land Registry database, most recently in April 2024 and a single entry in the EPC database dated March 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 127A New Road Birmingham as £190,551 and the rental value as £911 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 127A New Road Birmingham has increased by £8,699 (4.6%) and its rental value has increased by £28 per month (3.0%).
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 127A, New Road, Birmingham is in very good condition we estimate a sale value of £200,078 and rental value of £957 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £177,212 and a rental value of £847 per month.
If you were able to purchase this property for the estimated value of £190,551, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £936 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, 127A, New Road, Birmingham was last sold on 05 Apr 2024 for £150,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2024, the market for similar properties has risen 1.7%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 127A, New Road, Birmingham within a radius of 560 metres over the last 2 years.
The most recent example is 125A, New Road, Birmingham, B45 9JR, a Leasehold flat which sold for £145,000 in Jul 2023.
Read more about house prices in B45.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Road, Rubery, Rednal, Birmingham, B45 has a total of 170 addresses. According to our analysis of all the public data, 127A, New Road, Birmingham is the 92nd largest and the 62nd most expensive property on the street.
When compared to the postcode district it is £108k less expensive than the average property in B45.
127A, New Road, Birmingham has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 08 Mar 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 127A, New Road, Birmingham is Longbridge station which is 2.7 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 127A, New Road, Birmingham, 42.0% of property is privately rented and 29.0% 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 127A, New Road, Birmingham, 15.5% of residents are recorded as possessing school level qualifications and 23.3% 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 127A, New Road, Birmingham, the average age was 44.1 and the most common age was 57.
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 127A, New 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 127A, New Road, 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.