According to the public record, 5, Montrose Close, Cannock is a mid-century leasehold apartment with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Montrose Close, Cannock, WS11 is located in the borough of Cannock Chase within the WS11 postal district.
5, Montrose Close, Cannock has a single entry in the Land Registry database from December 2021 and a single entry in the EPC database dated June 2016.
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 5 Montrose Close Cannock as £91,491 and the rental value as £604 per month giving an expected gross yield of 7.9%.
Over the last 12 months the sale value of 5 Montrose Close Cannock has increased by £1,576 (1.7%) and its rental value has increased by £16 per month (2.6%).
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, Montrose Close, Cannock is in very good condition we estimate a sale value of £96,065 and rental value of £634 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £85,086 and a rental value of £561 per month.
If you were able to purchase this property for the estimated value of £91,491, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £450 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, Montrose Close, Cannock was last sold on 17 Dec 2021 for £81,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2021, the market for similar properties has risen 6.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Montrose Close, Cannock within a radius of 620 metres over the last 2 years.
The most recent example is 20C, Foster Avenue, Cannock, WS12 4HN, a Leasehold flat which sold for £67,000 in Oct 2015.
Read more about house prices in WS11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Montrose Close, Cannock, WS11 has a total of 17 addresses. According to our analysis of all the public data, 5, Montrose Close, Cannock is the 12th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £158k less expensive than the average property in WS11.
5, Montrose Close, Cannock has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Jun 2016.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 5, Montrose Close, Cannock is Hednesford station which is 1.0 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 5, Montrose Close, Cannock, 38.3% of property is socially rented and 27.0% 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, Montrose Close, Cannock, 18.4% of residents are recorded as possessing school level qualifications and 16.8% 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, Montrose Close, Cannock, the average age was 42 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, Montrose Close, Cannock, 0.8% 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, Montrose Close, Cannock, there are an average of 1.1 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.