According to the public record, Flat 3, Highcroft House 81-85, Birmingham is a modern leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Highcroft House, New Road, Rubery, Rednal, Birmingham, B45.
New Road, Rubery, Rednal, Birmingham, B45 is located in the borough of Bromsgrove within the B45 postal district.
Flat 3, Highcroft House 81-85, Birmingham has a single entry in the Land Registry database from July 2022 and a single entry in the EPC database dated February 2019.
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 Flat 3 Highcroft House 81-85 Birmingham as £123,758 and the rental value as £740 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 3 Highcroft House 81-85 Birmingham has increased by £5,650 (4.6%) and its rental value has increased by £22 per month (3.0%).
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 3, Highcroft House 81-85, Birmingham is in very good condition we estimate a sale value of £129,946 and rental value of £777 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £115,095 and a rental value of £688 per month.
If you were able to purchase this property for the estimated value of £123,758, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £608 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 3, Highcroft House 81-85, Birmingham was last sold on 06 Jul 2022 for £100,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2022, the market for similar properties has risen 7.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, Highcroft House 81-85, Birmingham within a radius of 570 metres over the last 2 years.
The most recent example is Flat 1, Ashgrove House, Callowbrook Lane, Birmingham, B45 9HT, a Leasehold flat which sold for £117,000 in Aug 2023.
Read more about house prices in B45.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Road, Rubery, Rednal, Birmingham, B45 has a total of 170 addresses. According to our analysis of all the public data, Flat 3, Highcroft House 81-85, Birmingham is the 106th largest and the 84th most expensive property on the street.
When compared to the postcode district it is £175k less expensive than the average property in B45.
Flat 3, Highcroft House 81-85, Birmingham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Feb 2019.
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 3, Highcroft House 81-85, Birmingham is Longbridge station which is 2.7 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 3, Highcroft House 81-85, Birmingham, 42.0% of property is privately rented and 29.0% 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 3, Highcroft House 81-85, Birmingham, 15.5% of residents are recorded as possessing school level qualifications and 23.3% 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 3, Highcroft House 81-85, Birmingham, the average age was 44.1 and the most common age was 57.
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 3, Highcroft House 81-85, 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 3, Highcroft House 81-85, Birmingham, there are an average of 0.9 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.