According to the public record, 3, Oakmount Close, Walsall is a mid-century Leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Oakmount Close, Walsall, WS3 is located in the borough of Walsall within the WS3 postal district.
3, Oakmount Close, Walsall has 2 entries in the Land Registry database, most recently in March 2023 and a single entry in the EPC database dated January 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 3 Oakmount Close Walsall as £149,634 and the rental value as £758 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 3 Oakmount Close Walsall has increased by £2,841 (1.9%) and its rental value has increased by £41 per month (5.4%).
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 3, Oakmount Close, Walsall is in very good condition we estimate a sale value of £157,116 and rental value of £796 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £139,160 and a rental value of £705 per month.
If you were able to purchase this property for the estimated value of £149,634, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £735 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, 3, Oakmount Close, Walsall was last sold on 31 Mar 2023 for £145,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2023, the market for similar properties has risen 2.9%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 3, Oakmount Close, Walsall within a radius of 610 metres over the last 2 years.
The most recent example is 5, Oakmount Close, Walsall, WS3 4AS, a Leasehold flat which sold for £150,000 in Nov 2022.
Read more about house prices in WS3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oakmount Close, Walsall, WS3 has a total of 8 addresses. According to our analysis of all the public data, 3, Oakmount Close, Walsall is the 8th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £80k less expensive than the average property in WS3.
3, Oakmount Close, Walsall has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Jan 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 3, Oakmount Close, Walsall is Bloxwich station which is 2.6 kilometres 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 3, Oakmount Close, Walsall, 70.1% of property is privately owned outright and 24.5% is privately owned with a mortgage.
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 3, Oakmount Close, Walsall, 11.3% of residents are recorded as possessing school level qualifications and 26.4% 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 3, Oakmount Close, Walsall, the average age was 45.7 and the most common age was 57.
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 3, Oakmount Close, Walsall, 4.2% 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 3, Oakmount Close, Walsall, there are an average of 1.5 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.