According to the public record, Flat 5, 44, Cromer Road, Birmingham is a modern leasehold apartment with 452 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 44, Cromer Road, Birmingham, B12.
Cromer Road, Birmingham, B12 is located in the borough of Birmingham within the B12 postal district.
Flat 5, 44, Cromer Road, Birmingham has a single entry in the Land Registry database from April 2021 and a single entry in the EPC database dated November 2020.
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 5 44 Cromer Road Birmingham as £175,061 and the rental value as £901 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 5 44 Cromer Road Birmingham has increased by £6,612 (3.8%) and its rental value has increased by £23 per month (2.5%).
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, 44, Cromer Road, Birmingham is in very good condition we estimate a sale value of £183,814 and rental value of £946 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £162,807 and a rental value of £838 per month.
If you were able to purchase this property for the estimated value of £175,061, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £860 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, 44, Cromer Road, Birmingham was last sold on 15 Apr 2021 for £159,543 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2021, the market for similar properties has risen 6.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, 44, Cromer Road, Birmingham within a radius of 430 metres over the last 2 years.
The most recent example is Flat 13, 44, Cromer Road, Birmingham, B12 9QR, a Leasehold flat which sold for £145,000 in Dec 2021.
Read more about house prices in B12.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cromer Road, Birmingham, B12 has a total of 69 addresses. According to our analysis of all the public data, Flat 5, 44, Cromer Road, Birmingham is the 57th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £16k less expensive than the average property in B12.
Flat 5, 44, Cromer Road, Birmingham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Nov 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The closest station to Flat 5, 44, Cromer Road, Birmingham is Bordesley station which is 2.0 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, 44, Cromer Road, Birmingham, 42.1% of property is privately rented and 23.3% 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 5, 44, Cromer Road, Birmingham, 31.1% of residents are recorded as possessing school level qualifications and 28.3% 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 5, 44, Cromer Road, Birmingham, the average age was 33.5 and the most common age was 22.
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, 44, Cromer Road, Birmingham, 1.2% 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 5, 44, Cromer Road, Birmingham, there are an average of 0.8 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.