According to the public record, Apartment 3, Shepley Grange 6, Birmingham is a period leasehold apartment with 1,636 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Shepley Grange, Shepley Road, Barnt Green, Birmingham, B45.
Shepley Road, Barnt Green, Birmingham, B45 is located in the borough of Bromsgrove within the B45 postal district.
Apartment 3, Shepley Grange 6, Birmingham has 31 entries in the Land Registry database, most recently in June 2022 and a single entry in the EPC database dated January 2022.
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 Shepley Grange 6 Birmingham as £421,611 and the rental value as £1,830 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of Apartment 3 Shepley Grange 6 Birmingham has increased by £19,848 (4.7%) and its rental value has increased by £72 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 3, Shepley Grange 6, Birmingham is in very good condition we estimate a sale value of £442,691 and rental value of £1,922 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £392,098 and a rental value of £1,702 per month.
If you were able to purchase this property for the estimated value of £421,611, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,072 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, Shepley Grange 6, Birmingham was last sold on 10 Jun 2022 for £395,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2022, the market for similar properties has risen 6.9%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Apartment 3, Shepley Grange 6, Birmingham within a radius of 1.7 kilometres over the last 2 years.
The most recent example is The County Suite, The Grange 4, Lord Austin Drive, Bromsgrove, B60 1RB, a Leasehold flat which sold for £445,000 in Apr 2021.
Read more about house prices in B45.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Shepley Road, Barnt Green, Birmingham, B45 has a total of 15 addresses. According to our analysis of all the public data, Apartment 3, Shepley Grange 6, Birmingham is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £123k more expensive than the average property in B45.
Apartment 3, Shepley Grange 6, Birmingham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Jan 2022.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to Apartment 3, Shepley Grange 6, Birmingham is Barnt Green station which is 1.4 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, Shepley Grange 6, Birmingham, 44.9% of property is privately owned outright and 38.4% 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 3, Shepley Grange 6, Birmingham, 19.4% of residents are recorded as possessing school level qualifications and 51.8% 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, Shepley Grange 6, Birmingham, the average age was 43.5 and the most common age was 57.
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, Shepley Grange 6, Birmingham, 0.6% 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, Shepley Grange 6, Birmingham, there are an average of 2.0 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.