Apartment 8 124 Rea Road

    APARTMENT 8 124, REA ROAD, NORTHFIELD, BIRMINGHAM, B31 2PW

    This flat/maisonette leasehold property on Rea Road last sold in August 2024 for £145,000. Based on price growth in the B31 district since then, its estimated current value is £137,352 — placing it in the 10th percentile nationally and the 12th percentile within B31. The property covers 67 m² (721 sq ft), giving an estimated value of £2,050 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    67 m²

    (721 sq ft)

    Last Sale Price

    £145,000

    Aug 2024

    Estimated Valuation

    £137,352

    Est. £/m²

    £2,050/m²

    £190/sq ft

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction age2013
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentC
    EPC potentialC
    Floor area67 m² (721 sq ft)
    EPC dateDec 2013
    WallsAverage thermal transmittance 0.30 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    23 Aug 2024

    £145,000

    Key Metrics

    Estimated valuation£137,352
    Value per m² / sq ft£2,050/m² (£190/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    B31 district percentile12th percentile
    National percentile10th 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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