31 Michaelwood Close

    31, MICHAELWOOD CLOSE, REDDITCH, B97 5YB

    This terraced leasehold property on Michaelwood Close last sold in July 2016 for £110,000. Based on price growth in the B97 district since then, its estimated current value is £155,920 — placing it in the 14th percentile nationally and the 9th percentile within B97. The property covers 41 m² (441 sq ft), giving an estimated value of £3,803 per m². The EPC rating is C, with a potential rating of B.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    41 m²

    (441 sq ft)

    Last Sale Price

    £110,000

    Jul 2016

    Estimated Valuation

    £155,920

    Est. £/m²

    £3,803/m²

    £353/sq ft

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formEnclosed End-Terrace
    Construction ageEngland and Wales: 1983-1990
    Habitable rooms2
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area41 m² (441 sq ft)
    EPC dateAug 2021
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    28 Jul 2016

    £110,000

    19 Jun 2003

    £87,000

    19 Oct 2001

    £59,950

    17 Jan 1997

    £37,500

    Key Metrics

    Estimated valuation£155,920
    Value per m² / sq ft£3,803/m² (£353/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    B97 district percentile9th percentile
    National percentile14th percentile

    District Context — B97

    B97 covers Redditch and surrounding areas in the North Worcestershire belt, positioned between Birmingham and the wider West Midlands region. It is a established residential district with a mixed residential and employment base, appealing primarily to families and commuters seeking more affordable alternatives to urban centres.

    Average Property Price - B97

    £296,070

    41

    National percentile

    Average Net Household Income - B97

    £38,312

    51

    National percentile

    10-Year Annualised Price Growth - B97

    3.7%

    57

    National percentile

    10-Year Annualised Rent Growth - B

    4.4%

    77

    National percentile

    View full analysis for B97

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