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According to the public record, 61, Gloucester Way, Birmingham is a mid-century leasehold apartment with 398 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for 61, Gloucester Way, Birmingham is £98,172 and the estimated rental value is £644 per month.
Gloucester Way, Birmingham, B37 is located in the borough of Solihull within the B37 postal district.
61, Gloucester Way, Birmingham has a single entry in the Land Registry from January 2023 and a single entry in the EPC database dated May 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
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 61, Gloucester Way, Birmingham is in very good condition we estimate a sale value of £103,081 and a rental value of £676 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £91,300 and a rental value of £599 per month.
Over the last 12 months the sale value of 61 Gloucester Way Birmingham has increased by an estimated £1,347 (1.4%) and its rental value has increased by an estimated £20 per month (3.0%), giving an expected gross yield of 7.9%.
61, Gloucester Way, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 May 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 61, Gloucester Way, Birmingham was last sold on 27th January 2023 for £96,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since January 2023, the market for similar properties has dropped 5.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 61, Gloucester Way, Birmingham within a radius of 550 metres over the last 2 years.
The most recent example is 27, Ludworth Avenue, Birmingham, B37 7FS, a leasehold flat which sold for £105,000 on the 12th June 2023.
Read more about house prices in B37.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gloucester Way, Birmingham, B37 has a total of 42 addresses. According to our analysis of all the public data, 61, Gloucester Way, Birmingham is the 42nd largest and the 40th most expensive property on the street.
When compared to the postcode district it is £104k less expensive than the average property in B37.
The closest station to 61, Gloucester Way, Birmingham is Marston Green station which is 800 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 61, Gloucester Way, Birmingham, 37.4% of property is socially rented and 26.6% is privately owned outright.
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 61, Gloucester Way, Birmingham, 17.6% of residents are recorded as possessing school level qualifications and 16.4% 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 61, Gloucester Way, Birmingham, the average age was 42 and the most common age was 52.
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 61, Gloucester Way, 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 61, Gloucester Way, 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.
