40 Michaelwood Close

    40, MICHAELWOOD CLOSE, REDDITCH, B97 5YB

    This semi-detached freehold property on Michaelwood Close last sold in August 2014 for £155,000. Based on price growth in the B97 district since then, its estimated current value is £245,234 — placing it in the 36th percentile nationally and the 34th percentile within B97. The property covers 45 m² (484 sq ft), giving an estimated value of £5,450 per m². The EPC rating is D, with a potential rating of B.

    Type

    Semi-Detached

    Tenure

    Freehold

    Floor Area

    45 m²

    (484 sq ft)

    Last Sale Price

    £155,000

    Aug 2014

    Estimated Valuation

    £245,234

    Est. £/m²

    £5,450/m²

    £506/sq ft

    Property Details

    TypeSemi-Detached
    TenureFreehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1983-1990
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area45 m² (484 sq ft)
    EPC dateMay 2014
    WallsSystem built, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    29 Aug 2014

    £155,000

    13 Dec 2007

    £150,000

    16 Sept 2004

    £125,000

    6 Dec 2002

    £94,950

    6 Jun 2001

    £79,000

    Key Metrics

    Estimated valuation£245,234
    Value per m² / sq ft£5,450/m² (£506/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    B97 district percentile34th percentile
    National percentile36th 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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