According to the public record, Apartment 3, Rea House 109, Birmingham is a modern leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Rea House, Bradford Street, Birmingham, B12.
Bradford Street, Birmingham, B12 is located in the borough of Birmingham within the B12 postal district.
Apartment 3, Rea House 109, Birmingham has a single entry in the Land Registry database from July 2018 and a single entry in the EPC database dated August 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 3 Rea House 109 Birmingham as £158,031 and the rental value as £889 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of Apartment 3 Rea House 109 Birmingham has increased by £6,099 (3.9%) and its rental value has increased by £26 per month (2.9%).
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 3, Rea House 109, Birmingham is in very good condition we estimate a sale value of £165,933 and rental value of £933 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £146,969 and a rental value of £826 per month.
If you were able to purchase this property for the estimated value of £158,031, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £777 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, Rea House 109, Birmingham was last sold on 31 Jul 2018 for £78,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2018, the market for similar properties has dropped 3.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 3, Rea House 109, Birmingham within a radius of 410 metres over the last 2 years.
The most recent example is Flat 150, Abacus Building 246, Bradford Street, Birmingham, B12 0NZ, a Leasehold flat which sold for £177,500 in Dec 2022.
Read more about house prices in B12.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bradford Street, Birmingham, B12 has a total of 372 addresses. According to our analysis of all the public data, Apartment 3, Rea House 109, Birmingham is the 66th largest and the 268th most expensive property on the street.
When compared to the postcode district it is £33k less expensive than the average property in B12.
Apartment 3, Rea House 109, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Aug 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Apartment 3, Rea House 109, Birmingham is Bordesley station which is 300 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 3, Rea House 109, Birmingham, 52.4% of property is privately rented and 17.0% is socially 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, Rea House 109, Birmingham, 15.3% of residents are recorded as possessing school level qualifications and 60.3% 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, Rea House 109, Birmingham, the average age was 31.7 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 3, Rea House 109, 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, Rea House 109, Birmingham, there are an average of 0.7 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.