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Wells Tower Rodney Close is a residential building situated on Rodney Close, Birmingham, B16 with 93 addresses.
It ranks as the 1152nd largest and 23rd most expensive of the 1,164 buildings in the B16 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 93 properties: 93 flats.
Wells Tower Rodney Close is a residential building situated on Rodney Close, Birmingham, B16 with 93 addresses.
It ranks as the 1152nd largest and 23rd most expensive of the 1,164 buildings in the B16 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 93 properties: 93 flats.
Sale prices range from £59,369 for 2 bedroom leasehold flats (495 ft2) to £74,484 for 2 bedroom leasehold flats (850 ft2) .
Monthly rental prices range from £397 pcm for 2 bed flats to £451 pcm for 2 bed flats.
The gross rental yield is between 7.3% and 8.0%.
The average value per square foot is £102.
The last sale in Wells Tower Rodney Close sold for £45,000 on 19th October 2012. Since then prices are up an average of 34.3%.
The current average value in the building is £67,157.
The Wells Tower Rodney Close Sales Market has increased by 12.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -8% | £67,157 |
| May 2025 | 1.1% | £72,977 |
| May 2024 | -1% | £72,158 |
| May 2023 | -1.6% | £72,883 |
| May 2022 | 7.1% | £74,071 |
| May 2021 | 4.9% | £69,133 |
| May 2020 | -2% | £65,882 |
| May 2019 | 1.8% | £67,231 |
| May 2018 | 4.5% | £66,018 |
| May 2017 | 5.6% | £63,187 |
| May 2016 | 8.3% | £59,829 |
| May 2015 | 3.9% | £55,237 |
| May 2014 | 4% | £53,161 |
| May 2013 | 1.2% | £51,138 |
| May 2012 | -3.2% | £50,523 |
| May 2011 | -0.4% | £52,198 |
| May 2010 | 7.4% | £52,434 |
| May 2009 | -17.6% | £48,814 |
| May 2008 | -6% | £59,228 |
| May 2007 | 0% | £62,976 |
The current average rental value in the building is £427.
The Wells Tower Rodney Close Rental Market has increased by 27.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0.5% | £427pcm |
| May 2025 | -0.5% | £425pcm |
| May 2024 | 8.5% | £427pcm |
| May 2023 | 9% | £394pcm |
| May 2022 | 9.3% | £361pcm |
| May 2021 | -0.2% | £330pcm |
| May 2020 | 1.3% | £331pcm |
| May 2019 | 0.1% | £327pcm |
| May 2018 | -1.5% | £327pcm |
| May 2017 | -0.9% | £332pcm |
| May 2016 | 7.8% | £335pcm |
| May 2015 | 3.7% | £311pcm |
| May 2014 | 1% | £300pcm |
| May 2013 | 0.5% | £297pcm |
| May 2012 | -0.5% | £295pcm |
| May 2011 | 1% | £296pcm |
| May 2010 | 0.8% | £294pcm |
| May 2009 | -8% | £291pcm |
| May 2008 | -0.2% | £317pcm |
| May 2007 | 0% | £317pcm |
The last sale was on 19th October 2012 for £45,000 and since then the market in the area has increased by 34.3%. The building has had a total of 1 sales since 1995.
Wells Tower, Rodney Close, Birmingham, B16 8RX has seen no sales in the last three years and no sales in the last twelve months.
The closest station to Wells Tower, Rodney Close, Birmingham, B16 8RX is Five Ways station which is 1.2 kilometres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 Wells Tower, Rodney Close, Birmingham, B16 8RX, 83.0% of property is socially rented and 6.4% is privately owned outright.
The graph below shows how this compares to West Midlands 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 Wells Tower, Rodney Close, Birmingham, B16 8RX, 32.6% of residents are recorded as possessing school level qualifications and 19.9% as possessing degree level qualifications.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Wells Tower, Rodney Close, Birmingham, B16 8RX, the average age was 31 and the most common age was 22.
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 Wells Tower, Rodney Close, Birmingham, B16 8RX, 0.2% 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 Wells Tower, Rodney Close, Birmingham, B16 8RX, there are an average of 0.5 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.