31 Branden Road, Alvechurch B48 7PE, 7 Mason Close, Redditch B97 5DF & 111 Mason Road, Redditch, B97 5DQ
By Bond Wolfe
£ 52,000
Reviews
2 out of 5 stars
Bond Wolfe says ..
For Sale By Public Auction 06 February 2025 Three freehold ground rents secured on private dwellings
Property Oracle says ..
This listing from Bond Wolfe presents a unique investment opportunity: three freehold ground rents on private dwellings located in Redditch, Worcestershire. The properties themselves appear to be in reasonable condition, based on the provided photographs. The location benefits from relative proximity to schools and a train station, suggesting a reasonably convenient area. However, the lack of information regarding the square footage of the properties, plot sizes, and the specific details of the ground rents makes a comprehensive analysis challenging. The list price of £52,000 is notably lower than the average house prices in nearby streets. This low price is primarily due to the nature of the asset being ground rents, not ownership of the properties. A potential investor should consider the long-term income potential of ground rents, the potential risks associated with this type of investment, and conduct thorough due diligence before making a decision. Without further information about the specifics of the ground rents (e.g., lease terms, rental income, and any potential liabilities), it is difficult to provide a definitive assessment of the investment’s value. The listing is not a typical residential property purchase. It is a specialized investment opportunity requiring specialized expertise to fully evaluate.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 2
- Bedrooms
- 0
- Bathrooms
- 0
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 305,000.00 £Increased by 0.19 %
- Average area rental value
- 750.00 £/moDecreased by 12.18 %
- Est rental Yield
- 2.95 %Decreased by 12.46 %
- Crime Rate
- 6.00 %Unchanged by 0.00 %
Agent Activity
Bond Wolfe created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| The Vaynor First School | Academy Converter | Good | 0.54 KM |
| Walkwood Church Of England Middle School | Academy Converter | Good | 0.61 KM |
| St Luke'S Cofe First School | Voluntary Controlled School | Requires improvement | 1.00 KM |
| Crabbs Cross Academy | Academy Sponsor Led | Good | 1.07 KM |
| St Augustine'S Catholic High School | Academy Converter | Outstanding | 1.48 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Hanover Court | £ 0 | 0 | 0.00 KM |
| The Folly | £ 0 | 0 | 0.00 KM |
| Northside Close | £ 0 | 0 | 0.00 KM |
| Coldfield Drive | £ 0 | 0 | 0.00 KM |
| Marlpit Lane | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Redditch | 1208 | RDC | 2.12 KM |
| Alvechurch | 1198 | ALV | 6.82 KM |
| Barnt Green | 1096 | BTG | 9.48 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Mason Road, Redditch, B97 | £ 310,000 | BUY | 7 / 10 | 0.07 KM |
| Mason Road, Redditch B97 5DQ | £ 260,000 | BUY | 6 / 10 | 0.09 KM |
| Mason Road, Redditch B97 5DQ | £ 260,000 | BUY | 6 / 10 | 0.09 KM |
| Byron Road, Headless Cross, Redditch, Worcestershire, B97 | £ 80,000 | BUY | 6 / 10 | 0.13 KM |
| Mason Close, Redditch, B97 | £ 290,000 | BUY | 7 / 10 | 0.13 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 121 Mason Road | £ 180,000 | 0.00 KM |
| 125 Mason Road | £ 155,000 | 0.00 KM |
| 101 Mason Road | £ 176,500 | 0.00 KM |
| 127 Mason Road | £ 282,000 | 0.00 KM |
| 119 Mason Road | £ 178,000 | 0.05 KM |