According to the public record, 2, Martley Close, Redditch is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 575 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Martley Close, Redditch, B98 is located in the borough of Redditch within the B98 postal district.
2, Martley Close, Redditch has a single entry in the Land Registry database from November 2007 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Martley Close Redditch as £100,288 and the rental value as £638 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 2 Martley Close Redditch has increased by £3,812 (3.8%) and its rental value has increased by £36 per month (5.7%).
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 2, Martley Close, Redditch is in very good condition we estimate a sale value of £105,303 and rental value of £669 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £93,268 and a rental value of £593 per month.
If you were able to purchase this property for the estimated value of £100,288, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £493 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 2, Martley Close, Redditch was last sold on 16 Nov 2007 for £92,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2007, the market for similar properties has risen 33.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Martley Close, Redditch within a radius of 241m over the last 2 years.
The most recent example is 75, Cropthorne Close, Redditch, B98 7SL, a Leasehold flat which sold for £95,000 in Dec 2023.
Read more about house prices in B98.
Martley Close, Redditch, B98 has a total of 49 addresses. According to our analysis of all the public data, 2, Martley Close, Redditch is the 45th largest and the 45th most expensive property on the street.
When compared to the postcode district it is £163k less expensive than the average property in B98.
The closest station to 2, Martley Close, Redditch is Redditch station which is 2.9 km away.
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 2, Martley Close, Redditch, 36.1% of property is socially rented and 34.3% is privately rented.
The graph below shows how this compares to Greater London 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 2, Martley Close, Redditch, 28.6% of residents are recorded as possessing school level qualifications and 12.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Martley Close, Redditch, the average age was 34.9 and the most common age was 32.
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 2, Martley Close, Redditch, 1.0% 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 2, Martley Close, Redditch, there are an average of 0.9 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.