According to the public record, Apartment 6, East Timber Yard 118, Birmingham is a modern leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
The apartment is in East Timber Yard, Pershore Street, Birmingham, B5.
Pershore Street, Birmingham, B5 is located in the borough of Birmingham within the B5 postal district.
Apartment 6, East Timber Yard 118, Birmingham has a single entry in the Land Registry database from March 2022 and a single entry in the EPC database dated September 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 good condition, we estimate the current sale value for Apartment 6 East Timber Yard 118 Birmingham as £221,240 and the rental value as £897 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of Apartment 6 East Timber Yard 118 Birmingham has increased by £5,697 (2.6%) and its rental value has increased by £15 per month (1.7%).
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 6, East Timber Yard 118, Birmingham is in very good condition we estimate a sale value of £232,302 and rental value of £942 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £205,753 and a rental value of £834 per month.
If you were able to purchase this property for the estimated value of £221,240, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,087 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 6, East Timber Yard 118, Birmingham was last sold on 15 Mar 2022 for £197,470 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2022, the market for similar properties has dropped 3.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 6, East Timber Yard 118, Birmingham within a radius of 240 metres over the last 2 years.
The most recent example is Apartment 519, East Timber Yard 118, Pershore Street, Birmingham, B5 6AN, a Leasehold flat which sold for £222,500 in Jun 2022.
Read more about house prices in B5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pershore Street, Birmingham, B5 has a total of 562 addresses. According to our analysis of all the public data, Apartment 6, East Timber Yard 118, Birmingham is the 352nd largest and the 465th most expensive property on the street.
When compared to the postcode district it is £30k more expensive than the average property in B5.
Apartment 6, East Timber Yard 118, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Sep 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The closest station to Apartment 6, East Timber Yard 118, Birmingham is Birmingham New Street station which is 600 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 6, East Timber Yard 118, Birmingham, 80.7% of property is privately rented and 8.2% 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 6, East Timber Yard 118, Birmingham, 20.3% of residents are recorded as possessing school level qualifications and 62.7% 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 6, East Timber Yard 118, 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 6, East Timber Yard 118, Birmingham, 0.8% 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 6, East Timber Yard 118, Birmingham, there are an average of 0.4 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.