B97 6LU is a residential postcode situated on Lock Close, Redditch, B97 with 12 addresses.
It ranks as the 355th largest and 2nd most expensive of the 887 postcodes in the B97 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 12 properties: 12 flats.
B97 6LU is a residential postcode situated on Lock Close, Redditch, B97 with 12 addresses.
It ranks as the 355th largest and 2nd most expensive of the 887 postcodes in the B97 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 12 properties: 12 flats.
Sale prices range from £73,105 for 2 bedroom leasehold flats (548 ft2) to £77,845 for 2 bedroom leasehold flats (635 ft2) .
Monthly rental prices range from £460 pcm for 2 bed flats to £479 pcm for 2 bed flats.
The gross rental yield is between 7.4% and 7.6%.
The average value per square foot is £126.
The last sale in B97 6LU sold for £76,000 on 6th December 2024. Since then prices are up an average of 0.9%.
The current average value in the postcode is £76,199.
The B97 6LU Sales Market has increased by 25.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.6% | £76,199 |
| April 2025 | 1.2% | £75,726 |
| April 2024 | 0.3% | £74,828 |
| April 2023 | 1.5% | £74,616 |
| April 2022 | 6.4% | £73,542 |
| April 2021 | 3.7% | £69,132 |
| April 2020 | 2.2% | £66,635 |
| April 2019 | 0.7% | £65,221 |
| April 2018 | 4.3% | £64,769 |
| April 2017 | 2.1% | £62,115 |
| April 2016 | 6.2% | £60,838 |
| April 2015 | 5% | £57,284 |
| April 2014 | 4.5% | £54,579 |
| April 2013 | 2.8% | £52,217 |
| April 2012 | -3.7% | £50,778 |
| April 2011 | 0.6% | £52,749 |
| April 2010 | 0.9% | £52,437 |
| April 2009 | -11.9% | £51,968 |
| April 2008 | -1.6% | £59,002 |
| April 2007 | 0% | £59,944 |
The current average rental value in the postcode is £473.
The B97 6LU Rental Market has increased by 34.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.8% | £473pcm |
| April 2025 | 6.8% | £460pcm |
| April 2024 | 9.2% | £431pcm |
| April 2023 | 5.7% | £394pcm |
| April 2022 | 5% | £373pcm |
| April 2021 | 0.7% | £355pcm |
| April 2020 | 1.9% | £353pcm |
| April 2019 | -1% | £346pcm |
| April 2018 | -0.4% | £350pcm |
| April 2017 | -0.2% | £351pcm |
| April 2016 | 3% | £352pcm |
| April 2015 | 1.6% | £341pcm |
| April 2014 | 2.8% | £336pcm |
| April 2013 | 1.5% | £327pcm |
| April 2012 | 1.1% | £322pcm |
| April 2011 | 0.7% | £319pcm |
| April 2010 | 0.1% | £317pcm |
| April 2009 | -6.5% | £316pcm |
| April 2008 | 2% | £338pcm |
| April 2007 | 0% | £331pcm |
The last sale was on 6th December 2024 for £76,000 and since then the market in the area has increased by 0.9%. The postcode has had a total of 1 sales since 1995.
B97 6LU has seen 1 sale in the last three years and no sales in the last twelve months.
B97 6LU is the 355th largest and the 2nd most expensive postcode out of the 887 postcodes in the B97 area.
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The closest station to B97 6LU is Redditch station which is 1.4 kilometres away.
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