Flat 1, 5
Flat 1, 5
Description & Estimates
Public records show Flat 1, 5, Florence Street, Birmingham to be a modern leasehold apartment with 570 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 1, 5, Florence Street, Birmingham has an estimated sale value of £204,754 and an estimated rental value of £890 per month, assuming reasonable condition and based on the information available.
The apartment sits within 5, Florence Street, Birmingham, B1.
Florence Street, Birmingham, B1 lies in the borough of Birmingham, within the B1 postal district.
Our Data Sources
Flat 1, 5, Florence Street, Birmingham has a single entry in the Land Registry from July 2023 and a single entry in the EPC database dated January 2023.
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.
Price Range & Condition
In very good condition, we estimate Flat 1, 5, Florence Street, Birmingham would be worth £214,992, with a potential rental value of £935 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £190,421, with a rental value of £828 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 1, 5, Florence Street, Birmingham has fallen by £12,468 (6.1%) over the last year. During the same period, its estimated monthly rental value has moved up by £1 (0.1%). The property's estimated gross yield is currently 5.2%.
Energy Efficiency
Flat 1, 5, Florence Street, Birmingham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 16 Jan 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
Sold Prices
Flat 1, 5, Florence Street, Birmingham last changed hands on 31st July 2023, selling for £225,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 20.1% since July 2023.
- Sold Jul 2023£225,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 250 metres of Flat 1, 5, Florence Street, Birmingham across the last 2 years.
Most recently, 402, 36, Windmill Street, Birmingham, B1 1FW, a leasehold flat, sold at £189,072 on the 9th April 2021.
Read more about house prices in B1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Flat 1, 5, Florence Street, Birmingham as the 36th largest and the 33rd most expensive of the 37 addresses on Florence Street, Birmingham, B1.
Against the B1 postcode district average, it is £41k more expensive than the typical property.
More reading links
Schools Nearby
- 200mSt Catherine of Siena Catholic Primary School
- 200mSt Thomas Church of England Primary School
- 700mOasis Academy Woodview
- 300mCity Academy
- 1.2kmArk St Alban's Academy
- 1.5kmJewellery Quarter Academy
More reading links
Public Transport Nearby
Birmingham New Street station is the nearest stop to Flat 1, 5, Florence Street, Birmingham at 600 metres away.
- 600mBirmingham New Street
- 700mFive Ways
- 1.0kmBirmingham Moor Street
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
