According to the public record, 41, The Mayfields, Redditch is a mid-century freehold house with 990 ft2 of internal area and sits on a 221 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
The Mayfields, Redditch, B98 is located in the borough of Redditch within the B98 postal district.
41, The Mayfields, Redditch has a single entry in the Land Registry database from March 2020 and a single entry in the EPC database dated August 2019.
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 41 The Mayfields Redditch as £210,105 and the rental value as £1,033 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 41 The Mayfields Redditch has increased by £6,886 (3.3%) and its rental value has increased by £75 per month (7.2%).
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 41, The Mayfields, Redditch is in very good condition we estimate a sale value of £220,610 and rental value of £1,084 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £195,397 and a rental value of £961 per month.
If you were able to purchase this property for the estimated value of £210,105, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,033 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 data from HM Land Registry, 41, The Mayfields, Redditch sits on a plot of 221m2.
We have plot size data on 9 out of 20 other houses in the postcode and 41, The Mayfields, Redditch sits on the 9th largest plot.
According to HM Land Registry, 41, The Mayfields, Redditch was last sold on 20 Mar 2020 for £160,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2020, the market for similar properties has risen 23.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, The Mayfields, Redditch within a radius of 570 metres over the last 2 years.
The most recent example is 33, The Mayfields, Redditch, B98 7ED, a Freehold house which sold for £225,000 in Dec 2023.
Read more about house prices in B98.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Mayfields, Redditch, B98 has a total of 75 addresses. According to our analysis of all the public data, 41, The Mayfields, Redditch is the 19th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £53k less expensive than the average property in B98.
41, The Mayfields, Redditch has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Aug 2019.
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 41, The Mayfields, Redditch is Redditch station which is 900 metres 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 41, The Mayfields, Redditch, 35.3% of property is privately owned with a mortgage and 23.7% is privately owned outright.
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 41, The Mayfields, Redditch, 25.5% of residents are recorded as possessing school level qualifications and 22.0% 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 41, The Mayfields, Redditch, the average age was 39.8 and the most common age was 37.
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 41, The Mayfields, Redditch, 0.0% 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 41, The Mayfields, Redditch, there are an average of 1.2 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.