31 Branden Road, Alvechurch B48 7PE, 7 Mason Close, Redditch B97 5DF & 111 Mason Road, Redditch, B97 5DQ
BO

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 %
from 304,412.00 £
Average area rental value
750.00 £/mo
Decreased by 12.18 %
from 854.00 £/mo
Est rental Yield
2.95 %
Decreased by 12.46 %
from 3.37 %
Crime Rate
6.00 %
Unchanged by 0.00 %
from 6.00 %

Agent Activity

  • Bond Wolfe created the listing.

Nearby Schools

NameTypeOfstedDistance
The Vaynor First SchoolAcademy ConverterGood0.54 KM
Walkwood Church Of England Middle SchoolAcademy ConverterGood0.61 KM
St Luke'S Cofe First SchoolVoluntary Controlled SchoolRequires improvement1.00 KM
Crabbs Cross AcademyAcademy Sponsor LedGood1.07 KM
St Augustine'S Catholic High SchoolAcademy ConverterOutstanding1.48 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Hanover Court £ 000.00 KM
The Folly £ 000.00 KM
Northside Close £ 000.00 KM
Coldfield Drive £ 000.00 KM
Marlpit Lane £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Redditch1208RDC2.12 KM
Alvechurch1198ALV6.82 KM
Barnt Green1096BTG9.48 KM

Nearby Listings

AddressPriceTypeScoreDistance
Mason Road, Redditch, B97 £ 310,000BUY7 / 100.07 KM
Mason Road, Redditch B97 5DQ £ 260,000BUY6 / 100.09 KM
Mason Road, Redditch B97 5DQ £ 260,000BUY6 / 100.09 KM
Byron Road, Headless Cross, Redditch, Worcestershire, B97 £ 80,000BUY6 / 100.13 KM
Mason Close, Redditch, B97 £ 290,000BUY7 / 100.13 KM

Nearby Properties

AddressPriceDistance
121 Mason Road £ 180,0000.00 KM
125 Mason Road £ 155,0000.00 KM
101 Mason Road £ 176,5000.00 KM
127 Mason Road £ 282,0000.00 KM
119 Mason Road £ 178,0000.05 KM