According to the public record, Apartment 5, Union Place 723, Birmingham is a modern leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Union Place, Pershore Road, Selly Park, Birmingham, B29.
Pershore Road, Selly Park, Birmingham, B29 is located in the borough of Birmingham within the B29 postal district.
Apartment 5, Union Place 723, Birmingham has 41 entries in the Land Registry database, most recently in April 2022 and a single entry in the EPC database dated October 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 5 Union Place 723 Birmingham as £180,857 and the rental value as £941 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Apartment 5 Union Place 723 Birmingham has increased by £8,638 (4.8%) and its rental value has increased by £21 per month (2.2%).
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 5, Union Place 723, Birmingham is in very good condition we estimate a sale value of £189,900 and rental value of £988 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £168,197 and a rental value of £875 per month.
If you were able to purchase this property for the estimated value of £180,857, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £889 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 5, Union Place 723, Birmingham was last sold on 27 Apr 2022 for £166,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Apr 2022, the market for similar properties has risen 5.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 5, Union Place 723, Birmingham within a radius of 650 metres over the last 2 years.
The most recent example is Apartment 19, 3, Union Place, Birmingham, B29 7NF, a Leasehold flat which sold for £191,000 in Sep 2023.
Read more about house prices in B29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pershore Road, Selly Park, Birmingham, B29 has a total of 686 addresses. According to our analysis of all the public data, Apartment 5, Union Place 723, Birmingham is the 620th largest and the 588th most expensive property on the street.
When compared to the postcode district it is £104k less expensive than the average property in B29.
Apartment 5, Union Place 723, Birmingham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 13 Oct 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Apartment 5, Union Place 723, Birmingham is Selly Oak 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 5, Union Place 723, Birmingham, 51.2% of property is privately rented and 23.2% is privately owned outright.
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 5, Union Place 723, Birmingham, 31.2% of residents are recorded as possessing school level qualifications and 50.9% 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 5, Union Place 723, Birmingham, the average age was 31.9 and the most common age was 17.
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 5, Union Place 723, Birmingham, 0.9% 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 5, Union Place 723, Birmingham, there are an average of 1.0 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.