According to the public record, Apartment 16, Lorne Court 6, Birmingham is a modern leasehold apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Lorne Court, School Road, Moseley, Birmingham, B13.
School Road, Moseley, Birmingham, B13 is located in the borough of Birmingham within the B13 postal district.
Apartment 16, Lorne Court 6, Birmingham has 3 entries in the Land Registry database, most recently in January 2022 and a single entry in the EPC database dated March 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 reasonable condition, we estimate the current sale value for Apartment 16 Lorne Court 6 Birmingham as £145,492 and the rental value as £917 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of Apartment 16 Lorne Court 6 Birmingham has increased by £4,994 (3.4%) and its rental value has increased by £21 per month (2.3%).
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 16, Lorne Court 6, Birmingham is in very good condition we estimate a sale value of £152,766 and rental value of £962 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £135,307 and a rental value of £852 per month.
If you were able to purchase this property for the estimated value of £145,492, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £715 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 16, Lorne Court 6, Birmingham was last sold on 14 Jan 2022 for £112,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jan 2022, the market for similar properties has risen 11.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 16, Lorne Court 6, Birmingham within a radius of 480 metres over the last 2 years.
The most recent example is Apartment 4, Lorne Court 6, School Road, Birmingham, B13 9ET, a Leasehold flat which sold for £140,000 in Feb 2022.
Read more about house prices in B13.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
School Road, Moseley, Birmingham, B13 has a total of 216 addresses. According to our analysis of all the public data, Apartment 16, Lorne Court 6, Birmingham is the 176th largest and the 182nd most expensive property on the street.
When compared to the postcode district it is £173k less expensive than the average property in B13.
Apartment 16, Lorne Court 6, Birmingham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Mar 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Apartment 16, Lorne Court 6, Birmingham is Hall Green station which is 2.6 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 16, Lorne Court 6, Birmingham, 40.3% of property is privately rented and 34.3% 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 Apartment 16, Lorne Court 6, Birmingham, 16.7% of residents are recorded as possessing school level qualifications and 54.7% 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 16, Lorne Court 6, Birmingham, the average age was 38.7 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 16, Lorne Court 6, Birmingham, 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 16, Lorne Court 6, 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.