According to the public record, Flat 5, 116, Oakfield Road, Birmingham is a period leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 116, Oakfield Road, Balsall Heath, Birmingham, B12.
Oakfield Road, Balsall Heath, Birmingham, B12 is located in the borough of Birmingham within the B12 postal district.
Flat 5, 116, Oakfield Road, Birmingham has 31 entries in the Land Registry database, most recently in May 2009 and a single entry in the EPC database dated August 2018.
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 5 116 Oakfield Road Birmingham as £144,144 and the rental value as £824 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 5 116 Oakfield Road Birmingham has increased by £5,991 (4.2%) and its rental value has increased by £23 per month (2.8%).
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 5, 116, Oakfield Road, Birmingham is in very good condition we estimate a sale value of £151,351 and rental value of £865 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £134,054 and a rental value of £766 per month.
If you were able to purchase this property for the estimated value of £144,144, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £708 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 5, 116, Oakfield Road, Birmingham was last sold on 22 May 2009 for £95,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2009, the market for similar properties has risen 45.2%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 5, 116, Oakfield Road, Birmingham within a radius of 500 metres over the last 2 years.
The most recent example is Flat 43, St. Annes Court, Park Hill, Birmingham, B13 8DX, a Leasehold flat which sold for £128,000 in Sep 2020.
Read more about house prices in B12.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oakfield Road, Balsall Heath, Birmingham, B12 has a total of 140 addresses. According to our analysis of all the public data, Flat 5, 116, Oakfield Road, Birmingham is the 99th largest and the 105th most expensive property on the street.
When compared to the postcode district it is £47k less expensive than the average property in B12.
Flat 5, 116, Oakfield Road, Birmingham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Aug 2018.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to Flat 5, 116, Oakfield Road, Birmingham is Five Ways station which is 2.3 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 5, 116, Oakfield Road, Birmingham, 36.6% of property is privately rented and 26.1% 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 5, 116, Oakfield Road, Birmingham, 22.5% of residents are recorded as possessing school level qualifications and 32.6% 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 5, 116, Oakfield Road, Birmingham, the average age was 36.6 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 5, 116, Oakfield 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 5, 116, Oakfield Road, Birmingham, there are an average of 1.0 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.