According to the public record, 5A, The Mayfields, Redditch is a modern leasehold house with 678 ft2 of internal area and sits on a 325 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.
5A, The Mayfields, Redditch has 3 entries in the Land Registry database, most recently in March 2023 and a single entry in the EPC database dated July 2017.
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 5A The Mayfields Redditch as £229,076 and the rental value as £1,033 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 5A The Mayfields Redditch has increased by £7,507 (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 5A, The Mayfields, Redditch is in very good condition we estimate a sale value of £240,530 and rental value of £1,085 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £213,040 and a rental value of £961 per month.
If you were able to purchase this property for the estimated value of £229,076, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,126 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, 5A, The Mayfields, Redditch sits on a plot of 325m2.
We have plot size data on 7 out of 9 other houses in the postcode and 5A, The Mayfields, Redditch sits on the 7th largest plot.
According to HM Land Registry, 5A, The Mayfields, Redditch was last sold on 10 Mar 2023 for £207,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Mar 2023, the market for similar properties has risen 3.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5A, The Mayfields, Redditch within a radius of 620 metres over the last 2 years.
The most recent example is 3, Davids Close, Redditch, B97 4PJ, a Freehold house which sold for £203,550 in Feb 2024.
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, 5A, The Mayfields, Redditch is the 37th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £34k less expensive than the average property in B98.
5A, The Mayfields, Redditch has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Jul 2017.
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 5A, 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 5A, The Mayfields, Redditch, 40.3% of property is privately rented and 28.6% 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 5A, The Mayfields, Redditch, 12.3% of residents are recorded as possessing school level qualifications and 25.8% 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 5A, 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 5A, The Mayfields, Redditch, 0.7% 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 5A, The Mayfields, Redditch, there are an average of 1.0 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.