According to the public record, Apartment 2, Oakwood 377, Sutton Coldfield is a modern leasehold apartment and with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Oakwood, Lichfield Road, Sutton Coldfield, B74.
Lichfield Road, Sutton Coldfield, B74 is located in the borough of Birmingham within the B74 postal district.
Apartment 2, Oakwood 377, Sutton Coldfield has 2 entries in the Land Registry database, most recently in March 2022 and no records in the EPC database.
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 Oakwood 377 Sutton Coldfield as £223,133 and the rental value as £1,152 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Apartment 2 Oakwood 377 Sutton Coldfield has increased by £3,504 (1.6%) and its rental value has increased by £27 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 2, Oakwood 377, Sutton Coldfield is in very good condition we estimate a sale value of £234,290 and rental value of £1,209 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £207,514 and a rental value of £1,071 per month.
If you were able to purchase this property for the estimated value of £223,133, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,097 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, Oakwood 377, Sutton Coldfield was last sold on 21 Mar 2022 for £225,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2022, the market for similar properties has dropped 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 2, Oakwood 377, Sutton Coldfield within a radius of 0m over the last 2 years.
The most recent example is Apartment 4, Oakwood 377, Lichfield Road, Sutton Coldfield, B74 4DH, a Leasehold flat which sold for £245,000 in Feb 2020.
Read more about house prices in B74.
Lichfield Road, Sutton Coldfield, B74 has a total of 828 addresses. According to our analysis of all the public data, Apartment 2, Oakwood 377, Sutton Coldfield is the 555th largest and the 417th most expensive property on the street.
When compared to the postcode district it is £280k less expensive than the average property in B74.
Apartment 2, Oakwood 377, Sutton Coldfield has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Sep 2021.
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, Oakwood 377, Sutton Coldfield is Butlers Lane station which is 200 m 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, Oakwood 377, Sutton Coldfield, 50.3% of property is privately owned outright and 35.1% 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 2, Oakwood 377, Sutton Coldfield, 19.2% of residents are recorded as possessing school level qualifications and 39.7% 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 2, Oakwood 377, Sutton Coldfield, the average age was 45.4 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 2, Oakwood 377, Sutton Coldfield, 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 2, Oakwood 377, Sutton Coldfield, there are an average of 1.4 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.