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According to the public record, Flat 5, Borrowcop House, Lichfield is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 1,038 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 5, Borrowcop House, Lichfield is £370,825 and the estimated rental value is £1,592 per month.
The apartment is within Borrowcop House, Borrowcop Lane, Lichfield, WS14.
Borrowcop Lane, Lichfield, WS14 is located in the borough of Lichfield within the WS14 postal district.
Flat 5, Borrowcop House, Lichfield has 5 entries in the Land Registry , most recently in July 2018 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 3 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 5, Borrowcop House, Lichfield is in very good condition we estimate a sale value of £389,366 and a rental value of £1,671 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £344,867 and a rental value of £1,480 per month.
Over the last 12 months the sale value of Flat 5 Borrowcop House Lichfield has decreased by an estimated £2,695 (0.7%) and its rental value has increased by an estimated £50 per month (3.1%), giving an expected gross yield of 5.2%.
According to HM Land Registry, Flat 5, Borrowcop House, Lichfield was last sold on 24th July 2018 for £340,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since July 2018, the market for similar properties has risen 27.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Borrowcop House, Lichfield within a radius of 660 metres over the last 2 years.
The most recent example is Flat 1, Borrowcop House, Borrowcop Lane, Lichfield, WS14 9DF, a leasehold flat which sold for £372,500 on the 15th June 2022.
Read more about house prices in WS14.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Borrowcop Lane, Lichfield, WS14 has a total of 87 addresses. According to our analysis of all the public data, Flat 5, Borrowcop House, Lichfield is the 81st largest and the 84th most expensive property on the street.
When compared to the postcode district it is £59k less expensive than the average property in WS14.
The closest station to Flat 5, Borrowcop House, Lichfield is Lichfield City station which is 800 metres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
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 5, Borrowcop House, Lichfield, 48.4% of property is privately owned outright and 33.3% 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 5, Borrowcop House, Lichfield, 15.6% of residents are recorded as possessing school level qualifications and 45.1% 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 5, Borrowcop House, Lichfield, the average age was 42.8 and the most common age was 52.
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 5, Borrowcop House, Lichfield, 1.1% 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 5, Borrowcop House, Lichfield, there are an average of 1.4 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
