According to the public record, Apartment 2, 118, Rea Road, Birmingham is a modern leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 118, Rea Road, Northfield, Birmingham, B31.
Rea Road, Northfield, Birmingham, B31 is located in the borough of Birmingham within the B31 postal district.
Apartment 2, 118, Rea Road, Birmingham has 2 entries in the Land Registry database, most recently in July 2020 and a single entry in the EPC database dated November 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 Apartment 2 118 Rea Road Birmingham as £148,334 and the rental value as £852 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Apartment 2 118 Rea Road Birmingham has increased by £7,141 (4.8%) and its rental value has increased by £33 per month (3.9%).
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 2, 118, Rea Road, Birmingham is in very good condition we estimate a sale value of £155,751 and rental value of £894 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £137,950 and a rental value of £792 per month.
If you were able to purchase this property for the estimated value of £148,334, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £729 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 2, 118, Rea Road, Birmingham was last sold on 31 Jul 2020 for £133,750 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2020, the market for similar properties has risen 23.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 2, 118, Rea Road, Birmingham within a radius of 520 metres over the last 2 years.
The most recent example is 19, William Road, Birmingham, B31 2PX, a Leasehold flat which sold for £132,000 in Dec 2023.
Read more about house prices in B31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rea Road, Northfield, Birmingham, B31 has a total of 106 addresses. According to our analysis of all the public data, Apartment 2, 118, Rea Road, Birmingham is the 103rd largest and the 105th most expensive property on the street.
When compared to the postcode district it is £80k less expensive than the average property in B31.
Apartment 2, 118, Rea Road, Birmingham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 27 Nov 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 Apartment 2, 118, Rea Road, Birmingham is Longbridge station which is 800 metres 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 2, 118, Rea Road, Birmingham, 45.3% of property is privately owned with a mortgage and 26.3% 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 2, 118, Rea Road, Birmingham, 24.7% of residents are recorded as possessing school level qualifications and 36.5% 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 2, 118, Rea Road, Birmingham, the average age was 41.3 and the most common age was 32.
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 2, 118, Rea Road, Birmingham, 0.3% 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 2, 118, Rea Road, Birmingham, there are an average of 1.2 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.