According to the public record, Apartment 3, 50, Ratcliffe Avenue, Birmingham is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 50, Ratcliffe Avenue, Birmingham, B30.
Ratcliffe Avenue, Birmingham, B30 is located in the borough of Birmingham within the B30 postal district.
Apartment 3, 50, Ratcliffe Avenue, Birmingham has 3 entries in the Land Registry database, most recently in September 2021 and a single entry in the EPC database dated May 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 3 50 Ratcliffe Avenue Birmingham as £136,164 and the rental value as £897 per month giving an expected gross yield of 7.9%.
Over the last 12 months the sale value of Apartment 3 50 Ratcliffe Avenue Birmingham has increased by £5,911 (4.3%) and its rental value has increased by £23 per month (2.6%).
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 3, 50, Ratcliffe Avenue, Birmingham is in very good condition we estimate a sale value of £142,972 and rental value of £942 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £126,632 and a rental value of £834 per month.
If you were able to purchase this property for the estimated value of £136,164, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £669 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 3, 50, Ratcliffe Avenue, Birmingham was last sold on 30 Sep 2021 for £138,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2021, the market for similar properties has risen 10.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 3, 50, Ratcliffe Avenue, Birmingham within a radius of 620 metres over the last 2 years.
The most recent example is Apartment 5, 85, St. Francis Drive, Birmingham, B30 3PS, a Leasehold flat which sold for £132,000 in Feb 2023.
Read more about house prices in B30.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ratcliffe Avenue, Birmingham, B30 has a total of 69 addresses. According to our analysis of all the public data, Apartment 3, 50, Ratcliffe Avenue, Birmingham is the 63rd largest and the 59th most expensive property on the street.
When compared to the postcode district it is £153k less expensive than the average property in B30.
Apartment 3, 50, Ratcliffe Avenue, Birmingham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 May 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 3, 50, Ratcliffe Avenue, Birmingham is Kings Norton station which is 2.3 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 3, 50, Ratcliffe Avenue, Birmingham, 46.2% of property is privately owned with a mortgage and 32.7% 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 3, 50, Ratcliffe Avenue, Birmingham, 28.8% of residents are recorded as possessing school level qualifications and 44.8% 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 3, 50, Ratcliffe Avenue, Birmingham, the average age was 39.2 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 3, 50, Ratcliffe Avenue, 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 3, 50, Ratcliffe Avenue, Birmingham, there are an average of 1.3 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.