According to the public record, Apartment 1, Woolmans Lodge 72-74, Solihull is a modern leasehold apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Woolmans Lodge, Solihull Road, Shirley, Solihull, B90.
Solihull Road, Shirley, Solihull, B90 is located in the borough of Solihull within the B90 postal district.
Apartment 1, Woolmans Lodge 72-74, Solihull has a single entry in the Land Registry database from November 2018 and a single entry in the EPC database dated December 2017.
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 Apartment 1 Woolmans Lodge 72-74 Solihull as £258,217 and the rental value as £1,277 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Apartment 1 Woolmans Lodge 72-74 Solihull has increased by £10,738 (4.2%) and its rental value has increased by £58 per month (4.6%).
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, Woolmans Lodge 72-74, Solihull is in very good condition we estimate a sale value of £271,128 and rental value of £1,341 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £240,142 and a rental value of £1,188 per month.
If you were able to purchase this property for the estimated value of £258,217, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,269 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, Woolmans Lodge 72-74, Solihull was last sold on 02 Nov 2018 for £274,950 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2018, the market for similar properties has risen 11.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 1, Woolmans Lodge 72-74, Solihull within a radius of 560 metres over the last 2 years.
The most recent example is Apartment 48, Woolmans Lodge 72-74, Solihull Road, Solihull, B90 3HL, a Leasehold flat which sold for £258,950 in Jul 2020.
Read more about house prices in B90.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Solihull Road, Shirley, Solihull, B90 has a total of 247 addresses. According to our analysis of all the public data, Apartment 1, Woolmans Lodge 72-74, Solihull is the 231st largest and the 227th most expensive property on the street.
When compared to the postcode district it is £109k less expensive than the average property in B90.
Apartment 1, Woolmans Lodge 72-74, Solihull has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 Dec 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Apartment 1, Woolmans Lodge 72-74, Solihull is Shirley station which is 1.9 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, Woolmans Lodge 72-74, Solihull, 60.7% of property is privately owned outright and 17.8% 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 Apartment 1, Woolmans Lodge 72-74, Solihull, 13.8% of residents are recorded as possessing school level qualifications and 39.2% 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, Woolmans Lodge 72-74, Solihull, the average age was 41.9 and the most common age was 52.
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, Woolmans Lodge 72-74, Solihull, 0.8% 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, Woolmans Lodge 72-74, Solihull, there are an average of 1.1 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.