According to the public record, Flat 6, 2A, Reddings Lane, Birmingham is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 2A, Reddings Lane, Tyseley, Birmingham, B11.
Reddings Lane, Tyseley, Birmingham, B11 is located in the borough of Birmingham within the B11 postal district.
Flat 6, 2A, Reddings Lane, Birmingham has a single entry in the Land Registry database from May 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 6 2A Reddings Lane Birmingham as £115,042 and the rental value as £583 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 6 2A Reddings Lane Birmingham has increased by £6,891 (6.0%) and its rental value has increased by £25 per month (4.3%).
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 6, 2A, Reddings Lane, Birmingham is in very good condition we estimate a sale value of £120,794 and rental value of £612 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £106,989 and a rental value of £542 per month.
If you were able to purchase this property for the estimated value of £115,042, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £565 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 6, 2A, Reddings Lane, Birmingham was last sold on 22 May 2006 for £63,207 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 6, 2A, Reddings Lane, Birmingham within a radius of 620 metres over the last 2 years.
The most recent example is Flat 1, 2A, Reddings Lane, Birmingham, B11 3HB, a Leasehold flat which sold for £75,000 in Jan 2019.
Read more about house prices in B11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Reddings Lane, Tyseley, Birmingham, B11 has a total of 270 addresses. According to our analysis of all the public data, Flat 6, 2A, Reddings Lane, Birmingham is the 244th largest and the 259th most expensive property on the street.
When compared to the postcode district it is £82k less expensive than the average property in B11.
The closest station to Flat 6, 2A, Reddings Lane, Birmingham is Tyseley station which is 600 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 6, 2A, Reddings Lane, Birmingham, 39.9% of property is privately rented and 33.1% 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 6, 2A, Reddings Lane, Birmingham, 39.4% of residents are recorded as possessing school level qualifications and 25.5% 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 6, 2A, Reddings Lane, Birmingham, the average age was 30.5 and the most common age was 17.
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 6, 2A, Reddings Lane, 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 6, 2A, Reddings Lane, 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.