According to the public record, Flat 1, 463, Lichfield Road, Sutton Coldfield is a modern leasehold apartment and with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 463, Lichfield Road, Sutton Coldfield, B74.
Lichfield Road, Sutton Coldfield, B74 is located in the borough of Birmingham within the B74 postal district.
Flat 1, 463, Lichfield Road, Sutton Coldfield has 31 entries in the Land Registry database, most recently in May 2022 and no records in the EPC database.
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 1 463 Lichfield Road Sutton Coldfield as £180,341 and the rental value as £1,062 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of Flat 1 463 Lichfield Road Sutton Coldfield has increased by £2,832 (1.6%) and its rental value has increased by £25 per month (2.3%).
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, 463, Lichfield Road, Sutton Coldfield is in very good condition we estimate a sale value of £189,358 and rental value of £1,115 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £167,717 and a rental value of £988 per month.
If you were able to purchase this property for the estimated value of £180,341, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £886 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, 463, Lichfield Road, Sutton Coldfield was last sold on 20 May 2022 for £175,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2022, the market for similar properties has dropped 1.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 463, Lichfield Road, Sutton Coldfield within a radius of 632m over the last 2 years.
The most recent example is 18, Harland Road, Sutton Coldfield, B74 4DA, a Leasehold flat which sold for £186,000 in Jan 2023.
Read more about house prices in B74.
Lichfield Road, Sutton Coldfield, B74 has a total of 828 addresses. According to our analysis of all the public data, Flat 1, 463, Lichfield Road, Sutton Coldfield is the 778th largest and the 585th most expensive property on the street.
When compared to the postcode district it is £322k less expensive than the average property in B74.
Flat 1, 463, Lichfield Road, Sutton Coldfield has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Jul 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an electric boiler and radiators.
The closest station to Flat 1, 463, Lichfield Road, Sutton Coldfield is Butlers Lane station which is 200 m 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, 463, Lichfield Road, Sutton Coldfield, 46.0% of property is privately owned outright and 43.1% 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, 463, Lichfield Road, Sutton Coldfield, 22.8% of residents are recorded as possessing school level qualifications and 50.2% 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, 463, Lichfield Road, Sutton Coldfield, the average age was 45.4 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, 463, Lichfield Road, Sutton Coldfield, 2.2% 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, 463, Lichfield Road, Sutton Coldfield, there are an average of 1.6 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.