Flat 29, 5
Flat 29, 5
Description & Estimates
Flat 29, 5, Florence Street, Birmingham is recorded publicly as a modern leasehold apartment across 667 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 29, 5, Florence Street, Birmingham is £220,954 and its rental estimate is £953 per month, given the available information and assuming reasonable condition.
5, Florence Street is a residential building on Florence Street, Birmingham, B1 and falls within the B1 postal district and the borough of Birmingham.
Our Data Sources
Flat 29, 5, Florence Street, Birmingham has a single entry in the Land Registry from May 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
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 29, 5, Florence Street, Birmingham, we estimate a market value of £232,001 and a rental value of £1,000 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £205,487 and £886 per month respectively.
Recent Market Change
Over the last year, Flat 29, 5, Florence Street, Birmingham has seen its estimated sale value decline by £13,455 (6.1%) and its estimated rental value climb by £1 per month (0.1%). This results in an estimated gross rental yield of 5.2%.
Energy Efficiency
Flat 29, 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
The most recent sale of Flat 29, 5, Florence Street, Birmingham completed on 30th May 2023 at £288,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 18.1% over the period since May 2023.
- Sold May 2023£288,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 29, 5, Florence Street, Birmingham have sold within a radius of 250 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 6th October 2023, was Flat 33, 5, Florence Street, Birmingham, B1 1NX, a leasehold flat which sold for £335,000.
Read more about house prices in B1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 37 addresses on Florence Street, Birmingham, B1, Flat 29, 5, Florence Street, Birmingham comes out as the 31st largest and the 28th most expensive in our analysis of the public data.
It is also £57k more expensive than the average property across the B1 district.
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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
From Flat 29, 5, Florence Street, Birmingham, the nearest station is Birmingham New Street, 600 metres away.
- 600mBirmingham New Street
- 700mFive Ways
- 1.0kmBirmingham Moor Street
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
