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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 3, Merevale Close, Redditch is a leasehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,094 ft2 of internal area and sits on a 190 m2 plot and a garden.
Houses of this size in this area normally have 4 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 3, Merevale Close, Redditch is £264,201 and the estimated rental value is £1,165 per month.
Merevale Close, Redditch, B98 is located in the borough of Redditch within the B98 postal district.
3, Merevale Close, Redditch has a single entry in the Land Registry from February 2019 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
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 3, Merevale Close, Redditch is in very good condition we estimate a sale value of £277,411 and a rental value of £1,223 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £245,707 and a rental value of £1,084 per month.
Over the last 12 months the sale value of 3 Merevale Close Redditch has increased by an estimated £969 (0.4%) and its rental value has increased by an estimated £25 per month (2.1%), giving an expected gross yield of 5.3%.
According to data from HM Land Registry, 3, Merevale Close, Redditch sits on a plot of 190m2.
We have plot size data on 49 out of 49 other houses in the postcode and 3, Merevale Close, Redditch sits on the 16th largest plot.
According to HM Land Registry, 3, Merevale Close, Redditch was last sold on 1st February 2019 for £199,950 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since February 2019, the market for similar properties has risen 4.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Merevale Close, Redditch within a radius of 930 metres over the last 2 years.
The most recent example is 11, Washford Lane, Redditch, B98 0HY, a leasehold house which sold for £227,500 on the 26th November 2021.
Read more about house prices in B98.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merevale Close, Redditch, B98 has a total of 49 addresses. According to our analysis of all the public data, 3, Merevale Close, Redditch is the 2nd largest and the 5th most expensive property on the street.
When compared to the postcode district it is £26k more expensive than the average property in B98.
The closest station to 3, Merevale Close, Redditch is Redditch station which is 3.4 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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 3, Merevale Close, Redditch, 44.8% of property is privately owned outright and 40.0% is privately owned with a mortgage.
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 3, Merevale Close, Redditch, 9.3% of residents are recorded as possessing school level qualifications and 22.1% 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 3, Merevale Close, Redditch, the average age was 43.4 and the most common age was 42.
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 3, Merevale Close, 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 3, Merevale Close, Redditch, there are an average of 1.4 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
