According to the public record, Flat 1, 42, Redditch Road, Birmingham is a mid-century leasehold apartment with 720 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 42, Redditch Road, Kings Norton, Birmingham, B38.
Redditch Road, Kings Norton, Birmingham, B38 is located in the borough of Birmingham within the B38 postal district.
Flat 1, 42, Redditch Road, Birmingham has 31 entries in the Land Registry database, most recently in April 2019 and a single entry in the EPC database dated September 2011.
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 42 Redditch Road Birmingham as £135,338 and the rental value as £779 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 1 42 Redditch Road Birmingham has increased by £6,092 (4.5%) and its rental value has increased by £23 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 Flat 1, 42, Redditch Road, Birmingham is in very good condition we estimate a sale value of £142,104 and rental value of £818 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £125,864 and a rental value of £724 per month.
If you were able to purchase this property for the estimated value of £135,338, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £665 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, 42, Redditch Road, Birmingham was last sold on 29 Apr 2019 for £120,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Apr 2019, the market for similar properties has risen 24.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 42, Redditch Road, Birmingham within a radius of 620 metres over the last 2 years.
The most recent example is Flat 8, 42, Redditch Road, Birmingham, B38 8QP, a Leasehold flat which sold for £155,000 in Jun 2024.
Read more about house prices in B38.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Redditch Road, Kings Norton, Birmingham, B38 has a total of 536 addresses. According to our analysis of all the public data, Flat 1, 42, Redditch Road, Birmingham is the 342nd largest and the 413th most expensive property on the street.
When compared to the postcode district it is £101k less expensive than the average property in B38.
Flat 1, 42, Redditch Road, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Sep 2011.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 1, 42, Redditch Road, Birmingham is Kings Norton station which is 900 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 Flat 1, 42, Redditch Road, Birmingham, 38.9% of property is privately owned with a mortgage and 33.3% 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 Flat 1, 42, Redditch Road, Birmingham, 17.4% of residents are recorded as possessing school level qualifications and 33.2% 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, 42, Redditch Road, Birmingham, the average age was 37.6 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 Flat 1, 42, Redditch Road, 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 Flat 1, 42, Redditch Road, 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.