Apartment 7 124 Rea Road

    APARTMENT 7 124, REA ROAD, NORTHFIELD, BIRMINGHAM, B31 2PW

    This flat/maisonette leasehold property on Rea Road last sold in April 2023 for £155,000. Based on price growth in the B31 district since then, its estimated current value is £140,690 — placing it in the 11th percentile nationally and the 12th percentile within B31. The property covers 58 m² (624 sq ft), giving an estimated value of £2,426 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    58 m²

    (624 sq ft)

    Last Sale Price

    £155,000

    Apr 2023

    Estimated Valuation

    £140,690

    Est. £/m²

    £2,426/m²

    £225/sq ft

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction age2013
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentC
    EPC potentialB
    Floor area58 m² (624 sq ft)
    EPC dateDec 2013
    WallsAverage thermal transmittance 0.30 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    5 Apr 2023

    £155,000

    16 Dec 2016

    £129,000

    20 Feb 2014

    New build

    £109,000

    Key Metrics

    Estimated valuation£140,690
    Value per m² / sq ft£2,426/m² (£225/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    B31 district percentile12th percentile
    National percentile11th percentile

    District Context — B31

    B31 covers neighbourhoods in south Birmingham, forming part of the wider south-west urban area. The district has a notably young population profile and a significant proportion of social housing, reflecting its character as an established residential community.

    Average Property Price - B31

    £249,023

    27

    National percentile

    Average Net Household Income - B31

    £36,597

    41

    National percentile

    10-Year Annualised Price Growth - B31

    4.7%

    85

    National percentile

    10-Year Annualised Rent Growth - B

    4.4%

    77

    National percentile

    View full analysis for B31

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