According to the public record, Flat 2, 75, Lodge Road, Redditch is a period leasehold apartment and with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 75, Lodge Road, Redditch, B98.
Lodge Road, Redditch, B98 is located in the borough of Redditch within the B98 postal district.
Flat 2, 75, Lodge Road, Redditch has a single entry in the Land Registry database from March 2022 and no records in the EPC database.
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 Flat 2 75 Lodge Road Redditch as £165,862 and the rental value as £824 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of Flat 2 75 Lodge Road Redditch has increased by £5,947 (3.6%) and its rental value has increased by £59 per month (7.1%).
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 Flat 2, 75, Lodge Road, Redditch is in very good condition we estimate a sale value of £174,155 and rental value of £866 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £154,252 and a rental value of £767 per month.
If you were able to purchase this property for the estimated value of £165,862, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £815 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, Flat 2, 75, Lodge Road, Redditch was last sold on 24 Mar 2022 for £137,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2022, the market for similar properties has risen 6.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 75, Lodge Road, Redditch within a radius of 217m over the last 2 years.
The most recent example is 42, Britannia Close, Redditch, B98 7BN, a Leasehold flat which sold for £150,000 in Jun 2022.
Read more about house prices in B98.
Lodge Road, Redditch, B98 has a total of 133 addresses. According to our analysis of all the public data, Flat 2, 75, Lodge Road, Redditch is the 111th largest and the 84th most expensive property on the street.
When compared to the postcode district it is £98k less expensive than the average property in B98.
Flat 2, 75, Lodge Road, Redditch has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Feb 2021.
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 Flat 2, 75, Lodge Road, Redditch is Redditch station which is 800 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 Flat 2, 75, Lodge Road, Redditch, 48.9% of property is privately owned outright and 42.0% 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 Flat 2, 75, Lodge Road, Redditch, 17.0% 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 Flat 2, 75, Lodge Road, Redditch, the average age was 35.8 and the most common age was 32.
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 Flat 2, 75, Lodge Road, Redditch, 0.6% 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 Flat 2, 75, Lodge Road, Redditch, there are an average of 1.7 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.