According to the public record, Apartment 7, 48, Mason Way, Birmingham is a modern leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 48, Mason Way, Birmingham, B15.
Mason Way, Birmingham, B15 is located in the borough of Birmingham within the B15 postal district.
Apartment 7, 48, Mason Way, Birmingham has 3 entries in the Land Registry database, most recently in November 2012 and a single entry in the EPC database dated July 2023.
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 7 48 Mason Way Birmingham as £162,642 and the rental value as £1,170 per month giving an expected gross yield of 8.6%.
Over the last 12 months the sale value of Apartment 7 48 Mason Way Birmingham has increased by £4,953 (3.0%) and its rental value has increased by £20 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 7, 48, Mason Way, Birmingham is in very good condition we estimate a sale value of £170,774 and rental value of £1,229 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £151,257 and a rental value of £1,089 per month.
If you were able to purchase this property for the estimated value of £162,642, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £799 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 7, 48, Mason Way, Birmingham was last sold on 30 Nov 2012 for £95,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Nov 2012, the market for similar properties has risen 35.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 7, 48, Mason Way, Birmingham within a radius of 330 metres over the last 2 years.
The most recent example is Apartment 24, 48, Mason Way, Birmingham, B15 2EE, a Leasehold flat which sold for £135,000 in Apr 2023.
Read more about house prices in B15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mason Way, Birmingham, B15 has a total of 169 addresses. According to our analysis of all the public data, Apartment 7, 48, Mason Way, Birmingham is the 141st largest and the 139th most expensive property on the street.
When compared to the postcode district it is £208k less expensive than the average property in B15.
Apartment 7, 48, Mason Way, Birmingham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Jul 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Apartment 7, 48, Mason Way, Birmingham is Five Ways 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 7, 48, Mason Way, Birmingham, 66.7% of property is privately rented and 15.3% 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 7, 48, Mason Way, Birmingham, 26.5% of residents are recorded as possessing school level qualifications and 75.0% 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 7, 48, Mason Way, Birmingham, the average age was 30.3 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 7, 48, Mason Way, 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 7, 48, Mason Way, Birmingham, there are an average of 0.6 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.