According to the public record, Apartment 4, Rea Court 161, Birmingham is a leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Rea Court, Cheapside, Deritend, Birmingham, B12.
Cheapside, Deritend, Birmingham, B12 is located in the borough of Birmingham within the B12 postal district.
Apartment 4, Rea Court 161, Birmingham has a single entry in the Land Registry database from March 2007 and a single entry in the EPC database dated March 2021.
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 4 Rea Court 161 Birmingham as £185,255 and the rental value as £881 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of Apartment 4 Rea Court 161 Birmingham has increased by £7,149 (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 4, Rea Court 161, Birmingham is in very good condition we estimate a sale value of £194,518 and rental value of £925 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £172,287 and a rental value of £819 per month.
If you were able to purchase this property for the estimated value of £185,255, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £910 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 4, Rea Court 161, Birmingham was last sold on 30 Mar 2007 for £67,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2007, the market for similar properties has dropped 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 4, Rea Court 161, Birmingham within a radius of 420 metres over the last 2 years.
The most recent example is Apartment 17, Rea Court 161, Cheapside, Birmingham, B12 0PS, a Leasehold flat which sold for £245,000 in Feb 2024.
Read more about house prices in B12.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cheapside, Deritend, Birmingham, B12 has a total of 199 addresses. According to our analysis of all the public data, Apartment 4, Rea Court 161, Birmingham is the 124th largest and the 50th most expensive property on the street.
When compared to the postcode district it is £6k less expensive than the average property in B12.
Apartment 4, Rea Court 161, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Mar 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Apartment 4, Rea Court 161, Birmingham is Bordesley station which is 400 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 4, Rea Court 161, 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 4, Rea Court 161, 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 4, Rea Court 161, 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 4, Rea Court 161, 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 4, Rea Court 161, 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.