# 1 bedroom flat for sale (B23 6GB)

## Property Details

| Key | Value |
|-----|-------|
| Address | 20 MERE STREET, BIRMINGHAM, WEST MIDLANDS B23 6GB |
| Price | £95,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Council tax | TBC |
| Last sold | £92,500 May 2024 |

## Description

A one bedroom ground floor apartment situated in Mere Street, Erdington, Birmingham. The accommodation comprises hallway, lounge, kitchen, bedroom and bathroom. Externally the property benefits from an allocated parking space.

## Property Photos

- ![PHOTOGRAPHY](/listings/photos/144219644/507578) - PHOTOGRAPHY
- ![PHOTOGRAPHY](/listings/photos/144219644/507580) - PHOTOGRAPHY
- ![PHOTOGRAPHY](/listings/photos/144219644/507588) - PHOTOGRAPHY
- ![PHOTOGRAPHY](/listings/photos/144219644/507593) - PHOTOGRAPHY
- ![PHOTOGRAPHY](/listings/photos/144219644/507595) - PHOTOGRAPHY
- ![PHOTOGRAPHY](/listings/photos/144219644/507600) - PHOTOGRAPHY
- ![PHOTOGRAPHY](/listings/photos/144219644/507603) - PHOTOGRAPHY
- ![PHOTOGRAPHY](/listings/photos/144219644/507605) - PHOTOGRAPHY
- ![PHOTOGRAPHY](/listings/photos/144219644/507607) - PHOTOGRAPHY
- ![PHOTOGRAPHY](/listings/photos/144219644/507610) - PHOTOGRAPHY

## Floorplans

- ![FLOOR-PLAN](/listings/photos/144219644/507613) - FLOOR-PLAN

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/144219644/507617) - EPC Rating Graph

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 20 MERE STREET, BIRMINGHAM, WEST MIDLANDS, B23 6GB | £92,500 | 24/05/2024 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| HIGHCROFT HALL APARTMENT 101 HIGHCROFT ROAD, BIRMINGHAM, WEST MIDLANDS, B23 6GS | £100,000 | 16/01/2026 | Flat |
| 4 HIGHCROFT VILLAS, BIRMINGHAM, WEST MIDLANDS, B23 6GQ | £221,250 | 14/01/2026 | Flat |
| 102 TOWER ROAD, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6GJ | £121,000 | 19/12/2025 | Flat |
| 49 BOUNDARY ROAD, BIRMINGHAM, WEST MIDLANDS, B23 6GN | £135,000 | 05/12/2025 | Flat |
| 7 NORTHCROFT WAY, BIRMINGHAM, WEST MIDLANDS, B23 6GD | £135,000 | 21/11/2025 | Flat |
| 4 NORTHCROFT WAY, BIRMINGHAM, WEST MIDLANDS, B23 6GE | £136,000 | 14/11/2025 | Flat |
| 7 BOUNDARY ROAD, BIRMINGHAM, WEST MIDLANDS, B23 6GN | £125,000 | 31/10/2025 | Flat |
| 10 NORTHCROFT WAY, BIRMINGHAM, WEST MIDLANDS, B23 6GE | £105,000 | 31/01/2025 | Flat |
| 28 HOSPITAL STREET, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6GA | £122,000 | 20/12/2023 | Flat |
| 4 RAVENHURST MEWS, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6AZ | £52,500 | 20/12/2023 | Flat |
| 16 STAFF WAY, BIRMINGHAM, WEST MIDLANDS, B23 6GG | £133,000 | 15/12/2023 | Flat |
| 96 NORTHCROFT WAY, BIRMINGHAM, WEST MIDLANDS, B23 6GE | £123,700 | 27/11/2023 | Flat |
| 12 STAFF WAY, BIRMINGHAM, WEST MIDLANDS, B23 6GG | £138,500 | 10/11/2023 | Flat |
| [Same street] 18 MERE STREET, BIRMINGHAM, WEST MIDLANDS, B23 6GB | £127,000 | 03/11/2023 | Flat |
| 88 BOUNDARY ROAD, BIRMINGHAM, WEST MIDLANDS, B23 6GN | £135,000 | 30/10/2023 | Flat |
| 73 CITY VIEW, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6GP | £147,000 | 28/09/2023 | Flat |
| 112 NORTHCROFT WAY, BIRMINGHAM, WEST MIDLANDS, B23 6GE | £128,500 | 04/08/2023 | Flat |
| HIGHCROFT HALL APARTMENT 205 HIGHCROFT ROAD, BIRMINGHAM, WEST MIDLANDS, B23 6GS | £154,500 | 03/07/2023 | Flat |
| 107 FENTHAM ROAD, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6AL | £80,000 | 27/06/2023 | Flat |
| HIGHCROFT HALL APARTMENT 215 HIGHCROFT ROAD, BIRMINGHAM, WEST MIDLANDS, B23 6GS | £180,000 | 19/06/2023 | Flat |
| 19 RAVENHURST MEWS, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6AZ | £50,000 | 13/04/2023 | Flat |
| [Same street] 34 MERE STREET, BIRMINGHAM, WEST MIDLANDS, B23 6GB | £120,000 | 15/03/2023 | Flat |
| [Same street] 6 MERE STREET, BIRMINGHAM, WEST MIDLANDS, B23 6GB | £127,000 | 05/08/2022 | Flat |
| [Same street] 16 MERE STREET, BIRMINGHAM, WEST MIDLANDS, B23 6GB | £122,000 | 02/08/2022 | Flat |
| [Same street] 14 MERE STREET, BIRMINGHAM, WEST MIDLANDS, B23 6GB | £130,000 | 28/06/2022 | Flat |
| [Same street] 12 MERE STREET, BIRMINGHAM, WEST MIDLANDS, B23 6GB | £114,500 | 30/06/2021 | Flat |

**Street average:** £123,417 (6 sales)
**Area average:** £126,148 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £104,507 (27 Flat, B23, 2024–2026)
- **Deviation:** -9.1%

## Rental Range

*ONS Price Index of Private Rents (Birmingham). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £977/mo
- **Realistic:** £1,086/mo
- **Optimistic:** £1,195/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Birmingham (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £693/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 1 Bed Flat, South Road, B23 | £106/mo | 1 | 0.3 miles | OpenRent |
| 1 Bed Flat, Wentworth Court, B24 | £875/mo | 1 | 0.4 miles | OpenRent |
| 1 Bed Flat, Wentworth Court, B24 | £900/mo | 1 | 0.4 miles | OpenRent |

**Average rent: £627/mo (3 listings)**

## 1% Rule

- **Rent ratio:** 0.92% (okay)
- **Max investor price (0.8%):** £109,375
- **Target investor price (1%):** £87,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £875/mo).*

- **Gross yield:** 11.1%
- **Cost-to-rent:** 9×
- **Monthly cashflow:** £388/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 16.9%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -26.1%
- **10y growth:** -2%

## House Price Index (HM Land Registry)

*Official index for Birmingham; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -3.6%
- **5y growth (index):** 4.6%
- **10y growth (index):** 34.9%

## Flood risk

- **Zone:** 2
- **Risk:** In flood risk area
- **Source:** Environment Agency Flood Risk Areas (APSFR)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)