According to the public record, Flat 1, 106, Newman Way, Birmingham is a mid-century leasehold apartment with 258 ft2 of internal area.
Apartments of this size in this area are normally studios.
The apartment is in 106, Newman Way, Rednal, Birmingham, B45.
Newman Way, Rednal, Birmingham, B45 is located in the borough of Birmingham within the B45 postal district.
Flat 1, 106, Newman Way, Birmingham has 21 entries in the Land Registry database, most recently in July 2020 and a single entry in the EPC database dated August 2014.
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 Flat 1 106 Newman Way Birmingham as £63,680 and the rental value as £420 per month giving an expected gross yield of 7.9%.
Over the last 12 months the sale value of Flat 1 106 Newman Way Birmingham has increased by £2,605 (4.1%) and its rental value has increased by £11 per month (2.6%).
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 Flat 1, 106, Newman Way, Birmingham is in very good condition we estimate a sale value of £66,864 and rental value of £441 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £59,222 and a rental value of £390 per month.
If you were able to purchase this property for the estimated value of £63,680, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £313 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, Flat 1, 106, Newman Way, Birmingham was last sold on 03 Jul 2020 for £52,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2020, the market for similar properties has risen 21.1%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 1, 106, Newman Way, Birmingham within a radius of 650 metres over the last 2 years.
The most recent example is Flat 6, 106, Newman Way, Birmingham, B45 9LZ, a Leasehold flat which sold for £55,000 in Dec 2021.
Read more about house prices in B45.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Newman Way, Rednal, Birmingham, B45 has a total of 112 addresses. According to our analysis of all the public data, Flat 1, 106, Newman Way, Birmingham is the 109th largest and the 110th most expensive property on the street.
When compared to the postcode district it is £235k less expensive than the average property in B45.
Flat 1, 106, Newman Way, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Aug 2014.
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 Flat 1, 106, Newman Way, Birmingham is Longbridge station which is 2.2 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 Flat 1, 106, Newman Way, Birmingham, 29.2% of property is privately owned outright and 29.2% 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 Flat 1, 106, Newman Way, Birmingham, 17.5% of residents are recorded as possessing school level qualifications and 18.9% 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 Flat 1, 106, Newman Way, Birmingham, the average age was 38.8 and the most common age was 52.
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 Flat 1, 106, Newman Way, Birmingham, 0.4% 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 Flat 1, 106, Newman Way, Birmingham, there are an average of 1.1 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.