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According to the public record, Flat 2, 2, Ridgemere Close, Birmingham is a modern leasehold apartment with 656 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 Flat 2, 2, Ridgemere Close, Birmingham is £177,224 and the estimated rental value is £928 per month.
The apartment is within 2, Ridgemere Close, Birmingham, B26.
Ridgemere Close, Birmingham, B26 is located in the borough of Birmingham within the B26 postal district.
Flat 2, 2, Ridgemere Close, Birmingham has a single entry in the Land Registry from August 2020 and a single entry in the EPC database dated July 2020.
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 Flat 2, 2, Ridgemere Close, Birmingham is in very good condition we estimate a sale value of £186,085 and a rental value of £974 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £164,818 and a rental value of £863 per month.
Over the last 12 months the sale value of Flat 2 2 Ridgemere Close Birmingham has increased by an estimated £1,927 (1.1%) and its rental value has increased by an estimated £30 per month (3.2%), giving an expected gross yield of 6.3%.
Flat 2, 2, Ridgemere Close, Birmingham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 10 Jul 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 2, 2, Ridgemere Close, Birmingham was last sold on 11th August 2020 for £152,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since August 2020, the market for similar properties has risen 11.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 2, Ridgemere Close, Birmingham within a radius of 560 metres over the last 2 years.
The most recent example is 3, Ridgemere Close, Birmingham, B26 2BE, a leasehold flat which sold for £152,500 on the 11th August 2020.
Read more about house prices in B26.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ridgemere Close, Birmingham, B26 has a total of 8 addresses. According to our analysis of all the public data, Flat 2, 2, Ridgemere Close, Birmingham is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £43k less expensive than the average property in B26.
The closest station to Flat 2, 2, Ridgemere Close, Birmingham is Lea Hall station which is 900 metres away.
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 Flat 2, 2, Ridgemere Close, Birmingham, 43.3% of property is privately owned outright and 26.9% 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 Flat 2, 2, Ridgemere Close, Birmingham, 21.6% of residents are recorded as possessing school level qualifications and 30.6% 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 Flat 2, 2, Ridgemere Close, Birmingham, the average age was 35.6 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 Flat 2, 2, Ridgemere Close, Birmingham, 0.0% 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 Flat 2, 2, Ridgemere Close, Birmingham, there are an average of 1.2 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
