5B, Rea Street
5B, Rea Street
Description & Estimates
5B, Rea Street, Birmingham is described in the public record as a mid-century apartment with 785 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 5B, Rea Street, Birmingham is £100,116 and its rental estimate is £486 per month, given the available information and assuming reasonable condition.
5, Rea Street is a residential building on Rea Street, Birmingham, B5 and falls within the B5 postal district and the borough of Birmingham.
Our Data Sources
5B, Rea Street, Birmingham has no records in the the Land Registry and a single entry in the EPC database dated November 2023.
We combine this information with public data 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.
Price Range & Condition
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 5B, Rea Street, Birmingham, we estimate a market value of £105,122 and a rental value of £511 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £93,108 and £452 per month respectively.
Recent Market Change
Over the last year, 5B, Rea Street, Birmingham has seen its estimated sale value fall by £6,221 (6.2%) and its estimated rental value move down by £5 per month (1.0%). This results in an estimated gross rental yield of 5.8%.
Energy Efficiency
5B, Rea Street, Birmingham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Nov 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 5B, Rea Street, Birmingham have sold within a radius of 460 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 6th August 2021, was 3B, Rea Street, Birmingham, B5 6HA, a leasehold flat which sold for £188,000.
Read more about house prices in B5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 20 addresses on Rea Street, Birmingham, B5, 5B, Rea Street, Birmingham comes out as the 2nd largest and the 6th most expensive in our analysis of the public data.
It is also £81k less expensive than the average property across the B5 district.
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Schools Nearby
- 800mSt Anne's Catholic Primary School
- 800mHarper Bell Seventh-day Adventist School
- 900mChandos Primary School
- 900mBirmingham Ormiston Academy
- 1.0kmArk St Alban's Academy
- 1.2kmBOA Digital Technologies Academy
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Public Transport Nearby
From 5B, Rea Street, Birmingham, the nearest station is Birmingham Moor Street, 500 metres away.
- 500mBirmingham Moor Street
- 800mBirmingham New Street
- 800mBordesley
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated medium, based on Environment Agency data.
