Flat 2, 40
Flat 2, 40
Description & Estimates
Flat 2, 40, Melville Road, Birmingham is described in the public record as an early-century apartment with 602 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of Flat 2, 40, Melville Road, Birmingham is £274,525 and its rental estimate is £1,404 per month, given the available information and assuming reasonable condition.
40, Melville Road is a residential building on Melville Road, Birmingham, B16 and falls within the B16 postal district and the borough of Birmingham.
Our Data Sources
Flat 2, 40, Melville Road, Birmingham has no records in the the Land Registry and a single entry in the EPC database dated August 2019.
We combine this information with public data 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.
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 Flat 2, 40, Melville Road, Birmingham, we estimate a market value of £288,252 and a rental value of £1,474 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £255,308 and £1,305 per month respectively.
Recent Market Change
Over the last year, Flat 2, 40, Melville Road, Birmingham has seen its estimated sale value drop by £9,887 (3.6%) and its estimated rental value rise by £23 per month (1.6%). This results in an estimated gross rental yield of 6.1%.
Energy Efficiency
Flat 2, 40, Melville Road, Birmingham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 08 Aug 2019.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 2, 40, Melville Road, Birmingham have sold within a radius of 430 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 17th August 2021, was Flat 2, 441, Gillott Road, Birmingham, B16 9LJ, a leasehold flat which sold for £380,000.
Read more about house prices in B16.
- Sold Aug 2021£380,000 | 2 Bed Flat441, Gillott RoadFlat 2, 441, Gillott Road, Birmingham, B16 9LJ
- Sold Oct 2020£320,000 | 2 Bed Flat46, Portland RoadFlat B, 46, Portland Road, Birmingham, B16 9HU
- Sold Jan 2007£250,000 | 2 Bed Flat18, Rotton Park RoadFlat 1, 18, Rotton Park Road, Birmingham, B16 9JL
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 176 addresses on Melville Road, Birmingham, B16, Flat 2, 40, Melville Road, Birmingham comes out as the 134th largest and the 31st most expensive in our analysis of the public data.
It is also £95k more expensive than the average property across the B16 district.
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Schools Nearby
- 700mGeorge Dixon Primary School
- 1.1kmChad Vale Primary School
- 1.2kmCity Road Primary School
- 500mSt Paul's School for Girls
- 700mGeorge Dixon Academy
- 1.2kmLordswood Boys' School
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Public Transport Nearby
From Flat 2, 40, Melville Road, Birmingham, the nearest station is Five Ways, 2.3 kilometres away.
- 2.3kmFive Ways
- 2.6kmUniversity (Birmingham)
- 2.9kmJewellery Quarter
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
