According to the public record, Flat 7, Dingleside, Redditch is a mid-century leasehold apartment with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Dingleside, Glover Street, Redditch, B98.
Glover Street, Redditch, B98 is located in the borough of Redditch within the B98 postal district.
Flat 7, Dingleside, Redditch has a single entry in the Land Registry database from October 2007 and a single entry in the EPC database dated August 2020.
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 7 Dingleside Redditch as £118,670 and the rental value as £694 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat 7 Dingleside Redditch has increased by £4,255 (3.6%) and its rental value has increased by £50 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 7, Dingleside, Redditch is in very good condition we estimate a sale value of £124,603 and rental value of £729 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £110,363 and a rental value of £645 per month.
If you were able to purchase this property for the estimated value of £118,670, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £583 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 7, Dingleside, Redditch was last sold on 26 Oct 2007 for £91,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2007, the market for similar properties has risen 30.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Dingleside, Redditch within a radius of 550 metres over the last 2 years.
The most recent example is Flat 19, Dingleside, Glover Street, Redditch, B98 7BJ, a Leasehold flat which sold for £63,000 in Mar 2023.
Read more about house prices in B98.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Glover Street, Redditch, B98 has a total of 60 addresses. According to our analysis of all the public data, Flat 7, Dingleside, Redditch is the 34th largest and the 46th most expensive property on the street.
When compared to the postcode district it is £145k less expensive than the average property in B98.
Flat 7, Dingleside, Redditch has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Aug 2020.
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 7, Dingleside, Redditch is Redditch station which is 700 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 Flat 7, Dingleside, Redditch, 41.6% of property is socially rented and 27.1% is privately rented.
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 7, Dingleside, Redditch, 22.3% of residents are recorded as possessing school level qualifications and 20.4% 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 7, Dingleside, 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 7, Dingleside, 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 Flat 7, Dingleside, Redditch, there are an average of 0.8 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.