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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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406, 40, Windmill Street, Birmingham is recorded publicly as a modern leasehold apartment across 688 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 406, 40, Windmill Street, Birmingham is £226,594 and its rental estimate is £934 per month, given the available information and assuming reasonable condition.
40, Windmill Street is a residential building on Windmill Street, Birmingham, B1 and falls within the B1 postal district and the borough of Birmingham.
406, 40, Windmill Street, Birmingham has a single entry in the Land Registry from July 2020 and a single entry in the EPC database dated May 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 406, 40, Windmill Street, Birmingham, we estimate a market value of £237,923 and a rental value of £981 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £210,732 and £869 per month respectively.
Over the last year, 406, 40, Windmill Street, Birmingham has seen its estimated sale value drop by £13,798 (6.1%) and its estimated rental value rise by £1 per month (0.1%). This results in an estimated gross rental yield of 4.9%.
406, 40, Windmill Street, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 May 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The most recent sale of 406, 40, Windmill Street, Birmingham completed on 31st July 2020 at £258,950 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 17.6% over the period since July 2020.
Over the past 2 years 3 properties similar to 406, 40, Windmill Street, Birmingham have sold within a radius of 260 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 16th March 2023, was G12, 36, Windmill Street, Birmingham, B1 1FW, a leasehold flat which sold for £297,467.
Read more about house prices in B1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 305 addresses on Windmill Street, Birmingham, B1, 406, 40, Windmill Street, Birmingham comes out as the 195th largest and the 98th most expensive in our analysis of the public data.
It is also £63k more expensive than the average property across the B1 district.
From 406, 40, Windmill Street, Birmingham, the nearest station is Birmingham New Street, 600 metres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 406, 40, Windmill Street, Birmingham, 52.4% of property is privately rented and 25.7% is socially rented.
The graph below shows how this compares to West Midlands 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 406, 40, Windmill Street, Birmingham, 37.5% of residents are recorded as possessing school level qualifications and 59.5% as possessing degree level qualifications.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 406, 40, Windmill Street, Birmingham, the average age was 31.7 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 406, 40, Windmill Street, Birmingham, 0.6% 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 406, 40, Windmill Street, Birmingham, there are an average of 0.4 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
