According to the public record, 5, Chapel Street, Tipton is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 667 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Chapel Street, Tipton, DY4 is located in the borough of Sandwell within the DY4 postal district.
5, Chapel Street, Tipton has 3 entries in the Land Registry database, most recently in July 2017 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 5 Chapel Street Tipton as £163,075 and the rental value as £885 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 5 Chapel Street Tipton has increased by £3,986 (2.4%) and its rental value has increased by £46 per month (5.2%).
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 5, Chapel Street, Tipton is in very good condition we estimate a sale value of £171,229 and rental value of £929 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £151,660 and a rental value of £823 per month.
If you were able to purchase this property for the estimated value of £163,075, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £801 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, 5, Chapel Street, Tipton was last sold on 27 Jul 2017 for £61,250 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jul 2017, the market for similar properties has risen 58.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Chapel Street, Tipton within a radius of 93m over the last 2 years.
The most recent example is 16, Bell Street, Tipton, DY4 8HZ, a Freehold house which sold for £138,000 in Jul 2021.
Read more about house prices in DY4.
Chapel Street, Tipton, DY4 has a total of 39 addresses. According to our analysis of all the public data, 5, Chapel Street, Tipton is the 31st largest and the 21st most expensive property on the street.
When compared to the postcode district it is £19k less expensive than the average property in DY4.
The closest station to 5, Chapel Street, Tipton is Tipton station which is 600 m 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 5, Chapel Street, Tipton, 73.7% of property is socially rented and 10.5% 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 5, Chapel Street, Tipton, 14.6% of residents are recorded as possessing school level qualifications and 14.5% 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 5, Chapel Street, Tipton, the average age was 38.1 and the most common age was 52.
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 5, Chapel Street, Tipton, 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 5, Chapel Street, Tipton, there are an average of 0.4 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.