Stay up to date
Stay up to date
Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
  | Â
VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
Connect me with
an Estate Agent
Our partner Agents appear here!
Book a demo
Find an Estate
Agent
According to the public record, 7, Lye Close Lane, Birmingham is a mid-century leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 7, Lye Close Lane, Birmingham is £82,278 and the estimated rental value is £428 per month.
Lye Close Lane, Birmingham, B32 is located in the borough of Birmingham within the B32 postal district.
7, Lye Close Lane, Birmingham has 2 entries in the Land Registry , most recently in April 2020 and a single entry in the EPC database dated April 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 7, Lye Close Lane, Birmingham is in very good condition we estimate a sale value of £86,392 and a rental value of £449 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £76,519 and a rental value of £398 per month.
Over the last 12 months the sale value of 7 Lye Close Lane Birmingham has decreased by an estimated £1,389 (1.7%) and its rental value has increased by an estimated £10 per month (2.3%), giving an expected gross yield of 6.2%.
7, Lye Close Lane, Birmingham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Apr 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Warm air, mains gas.
According to HM Land Registry, 7, Lye Close Lane, Birmingham was last sold on 17th April 2020 for £68,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since April 2020, the market for similar properties has risen 23.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Lye Close Lane, Birmingham within a radius of 890 metres over the last 2 years.
The most recent example is 77, Woodgate Gardens, Birmingham, B32 3UW, a leasehold flat which sold for £83,000 on the 8th December 2023.
Read more about house prices in B32.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lye Close Lane, Birmingham, B32 has a total of 39 addresses. According to our analysis of all the public data, 7, Lye Close Lane, Birmingham is the 35th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £128k less expensive than the average property in B32.
The closest station to 7, Lye Close Lane, Birmingham is Rowley Regis station which is 3.9 kilometres 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 7, Lye Close Lane, Birmingham, 35.8% of property is privately rented and 26.8% is privately owned with a mortgage.
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 7, Lye Close Lane, Birmingham, 19.6% of residents are recorded as possessing school level qualifications and 31.5% 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 7, Lye Close Lane, Birmingham, the average age was 37.8 and the most common age was 7.
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 7, Lye Close Lane, Birmingham, 1.6% 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 7, Lye Close Lane, Birmingham, there are an average of 0.9 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
