According to the public record, Apartment 1, Smithfield House 22, Birmingham is a modern leasehold apartment with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Smithfield House, Belgrave Middleway, Birmingham, B5.
Belgrave Middleway, Birmingham, B5 is located in the borough of Birmingham within the B5 postal district.
Apartment 1, Smithfield House 22, Birmingham has a single entry in the Land Registry database from May 2022 and a single entry in the EPC database dated August 2021.
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 good condition, we estimate the current sale value for Apartment 1 Smithfield House 22 Birmingham as £233,985 and the rental value as £972 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of Apartment 1 Smithfield House 22 Birmingham has increased by £8,940 (3.8%) and its rental value has increased by £29 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 Apartment 1, Smithfield House 22, Birmingham is in very good condition we estimate a sale value of £245,684 and rental value of £1,020 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £217,606 and a rental value of £904 per month.
If you were able to purchase this property for the estimated value of £233,985, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,150 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, Apartment 1, Smithfield House 22, Birmingham was last sold on 27 May 2022 for £249,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2022, the market for similar properties has dropped 2.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 1, Smithfield House 22, Birmingham within a radius of 370 metres over the last 2 years.
The most recent example is Apartment 8, Waterway House 20, Belgrave Middleway, Birmingham, B5 7FE, a Leasehold flat which sold for £255,000 in Jun 2022.
Read more about house prices in B5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Belgrave Middleway, Birmingham, B5 has a total of 165 addresses. According to our analysis of all the public data, Apartment 1, Smithfield House 22, Birmingham is the 42nd largest and the 32nd most expensive property on the street.
When compared to the postcode district it is £43k more expensive than the average property in B5.
Apartment 1, Smithfield House 22, Birmingham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 10 Aug 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Apartment 1, Smithfield House 22, Birmingham is Five Ways station which is 1.0 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 Apartment 1, Smithfield House 22, Birmingham, 58.7% of property is socially rented and 28.6% is privately 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 Apartment 1, Smithfield House 22, Birmingham, 24.9% of residents are recorded as possessing school level qualifications and 46.8% 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 Apartment 1, Smithfield House 22, Birmingham, the average age was 30.3 and the most common age was 27.
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 Apartment 1, Smithfield House 22, 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 Apartment 1, Smithfield House 22, Birmingham, there are an average of 0.5 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.