Homewise says ..
Guide price for a Home for Life Lifetime Lease for OVER 60s tailored to your personal circumstances and requirements. Your price may vary. OVER 60S could benefit from SAVINGS of up to 59% from the market value with a one-off payment for a Lifetime Lease on this property. £25...
Property Oracle says ..
This three-bedroom, two-bathroom property in Pype Hayes, Birmingham, is presented as a well-maintained home suitable for families. The interior features modern kitchen and bathroom fittings. The property benefits from a conservatory, adding extra living space. The presence of a garden is a positive, although its size is not explicitly mentioned and appears to be modest based on the images. The location offers reasonable access to local schools and transportation links, but it’s not situated in a highly sought-after area of Birmingham. The significant factor to be considered is that the listing is for a ‘Home for Life Lifetime Lease’ specifically targeting those over 60 and the price reflects a potential discount of up to 59% from the market value. It is vital for potential buyers to understand the implications of this type of ownership before making a purchasing decision. Further research into comparable properties in the area, accounting for the lifetime lease aspect, is crucial to determine its true market value and whether it represents good value for money.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 7
- Location
- 6
- Land
- 4
- Bedrooms
- 3
- Bathrooms
- 2
- Sqft (est)
- 1,577.99
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 265,000.00 £Decreased by 1.45 %
- Est sale value
- 503,378.81 £Increased by 21.76 %
- Average area rental value
- 1,225.00 £/moIncreased by 10.96 %
- Est letting value
- 1,577.99 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.55 %Increased by 12.58 %
- Crime Rate
- 4.00 %Unchanged by 0.00 %
Agent Activity
Homewise created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Paget Primary School | Community School | Requires improvement | 0.36 KM |
| St Peter And St Paul Rc Junior And Infant School | Academy Converter | 0.62 KM | |
| Birches Green Junior School | Academy Sponsor Led | 0.99 KM | |
| Yenton Primary School | Academy Converter | 1.00 KM | |
| Birches Green Infant School | Community School | Good | 1.03 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Paget Close | £ 251,250 | 0 | 0.00 KM |
| Manor Way | £ 0 | 0 | 0.00 KM |
| Cedar Drive | £ 375,000 | 0 | 0.00 KM |
| Park Tree Walk | £ 267,500 | 0 | 0.00 KM |
| Tolworth Hall Road | £ 265,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Chester Road | 1130 | CRD | 1.96 KM |
| Erdington | 1041 | ERD | 2.15 KM |
| Wylde Green | 1138 | WYL | 2.86 KM |
| Gravelly Hill | 1132 | GVH | 3.58 KM |
| Stechford | 1043 | SCF | 4.30 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Paget Close, Birmingham, B24 0LD | £ 251,250 | BUY | 6 / 10 | 0.00 KM |
| Woodacre Road, Birmingham | £ 375,000 | BUY | 7 / 10 | 0.09 KM |
| Woodacre Road, Birmingham, West Midlands, B24 | £ 325,000 | BUY | 7 / 10 | 0.10 KM |
| Woodacre Road, Birmingham, B24 0JT | £ 365,000 | BUY | 7 / 10 | 0.10 KM |
| Woodacre Road, Birmingham, West Midlands, B24 | £ 360,000 | BUY | 7 / 10 | 0.10 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 35 Woodacre Road | £ 237,000 | 0.09 KM |
| 45 Woodacre Road | £ 124,950 | 0.09 KM |
| 12 Woodacre Road | £ 177,500 | 0.09 KM |
| 43 Woodacre Road | £ 143,000 | 0.09 KM |
| 10 Woodacre Road | £ 110,000 | 0.09 KM |