# 1 bedroom maisonette for sale (B98 9HU)

## Property Details

| Key | Value |
|-----|-------|
| Address | 24 GREYSTONE CLOSE, REDDITCH, CHURCH HILL, WORCESTERSHIRE B98 9HU |
| Price | £110,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Council tax | A |
| Construction age | England and Wales: 1967-1975 |
| Floor area | 59 m² |
| Last sold | £70,000 Mar 2004 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** C
- **Expiry date:** 27/10/2035
- **Current heating cost:** £570/year

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/4035-1020-5509-0338-6222)

## Description

A WELL PRESENTED ONE BEDROOM FIRST FLOOR MAISONETTE OFFERED WITH NO ONWARD CHAIN!!

This neatly presented one bedroom maisonette offers spacious accommodation, and has been well maintained.  The property offers; entrance hall and stairs up to the landing, generous living room, kitchen, bedroom with built-in wardrobes, and bathroom.  Outside in shared parking bays and a small stone chipped area.  The property offers a generous amount of internal storage too.  Viewing is advised.

EPC -C. 

Council Tax - A.

Tenure - Leasehold with approximately 93 years remaining, £10 ground rent with Redditch Borough Council and a service charge in the region of £68.67 p/a (all subject to solicitor confirmation) 

Please read the following. The information supplied is for guidance purposes only, and is supplied primarily based upon information provided to the agent by the sellers.  The agent makes clear that this information cannot be relied upon as a statement of facts, and that any interested parties must make their own enquiries and satisfy themselves before any financial commitment, or legal commitment to purchase.  Measurements supplied are all approximates and supplied for illustrative purposes only.  Photographs and imagery, and items included therein does not mean such items are included within the sale, nor have they been tested by the agent, meaning their working order cannot be verified. Information supplied visually or verbally via the agent does not form any part of a legally binding contract.  The agent is not liable for any losses arising from the use of these details.

**Approach** - There are shared bay parking spaces, pathway up to the main front entrance door with storage cupboard to the side.  Main entrance door into;

**Hall** - With stairs off to the frist floor, cupboard beneath. Door at the top of the stairs into;

**Landing** - Double doors to storage cupboard, door to cupbaord housing the boiler, plus door to a further stoage cupboard, doors off to;

**Living Room** - 6.23m max x 3.19m max  (20'5" max x 10'5" max ) - This room incorporates a sloping ceiling/restricted head height in-part.

**Kitchen** - 3.71m max x 2.70m max  (12'2" max x 8'10" max ) - 

**Bedroom** - 5.29m max x 2.93m max  (17'4" max x 9'7" max ) - This room incorporates a sloping ceiling/restricted head height in-part.  With built-in wardrobe, recessed bay style window

**Bathroom** - 1.96m max x 1.76m max  (6'5" max x 5'9" max ) -

## Property Photos

- ![Approach](/listings/photos/169226951/1605174) - Approach
- ![Living Room](/listings/photos/169226951/1605175) - Living Room
- ![Living Room](/listings/photos/169226951/1605176) - Living Room
- ![Kitchen](/listings/photos/169226951/1605177) - Kitchen
- ![Kitchen](/listings/photos/169226951/1605178) - Kitchen
- ![Bedroom](/listings/photos/169226951/1605179) - Bedroom
- ![Bedroom](/listings/photos/169226951/1605180) - Bedroom
- ![Bathroom](/listings/photos/169226951/1605181) - Bathroom

## Floorplans

- ![Floorplan](/listings/photos/169226951/1605182) - Floorplan

## EPC Graphs

- ![EE Rating](/listings/photos/169226951/1605183) - EE Rating

## FENSA Certificates

This property has 2 FENSA certificate(s) on record.

### FENSA Certificate #8482086
- **Address:** 24 Greystone Close, Redditch, B98 9HU
- **Certificate Issued:** 31/10/2011
- **Work Completed:** 12/10/2011
- **Items:** 2 window(s)

### FENSA Certificate #1706613
- **Address:** 24 Greystone Close, Redditch, B98 9HU
- **Certificate Issued:** 17/05/2004
- **Work Completed:** 26/04/2004
- **Items:** 5 window(s), 1 door(s)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 24 GREYSTONE CLOSE, CHURCH HILL, REDDITCH, WORCESTERSHIRE, B98 9HU | £70,000 | 26/03/2004 | Flat |
| 24 GREYSTONE CLOSE, CHURCH HILL, REDDITCH, WORCESTERSHIRE, B98 9HU | £56,000 | 06/09/2002 | Flat |
| 24 GREYSTONE CLOSE, CHURCH HILL, REDDITCH, WORCESTERSHIRE, B98 9HU | £36,000 | 01/11/2000 | Flat |
| 24 GREYSTONE CLOSE, CHURCH HILL, REDDITCH, WORCESTERSHIRE, B98 9HU | £25,000 | 03/01/1997 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 12 TENBURY CLOSE, REDDITCH, WORCESTERSHIRE, B98 9LB | £133,000 | 15/07/2025 | Flat |
| 45A HERONFIELD CLOSE, CHURCH HILL, REDDITCH, WORCESTERSHIRE, B98 8QL | £173,500 | 30/03/2023 | Flat |
| 2 FULBROOK CLOSE, CHURCH HILL, REDDITCH, WORCESTERSHIRE, B98 8QP | £98,000 | 02/11/2022 | Flat |
| 109 HERONFIELD CLOSE, CHURCH HILL, REDDITCH, WORCESTERSHIRE, B98 8QW | £120,000 | 26/08/2022 | Flat |
| 5 TENBURY CLOSE, REDDITCH, WORCESTERSHIRE, B98 9LB | £150,000 | 05/08/2022 | Flat |
| 31 HAWKESBURY CLOSE, REDDITCH, WORCESTERSHIRE, B98 9JR | £105,000 | 01/07/2022 | Flat |
| 17 HAWKESBURY CLOSE, REDDITCH, WORCESTERSHIRE, B98 9JR | £110,000 | 05/11/2021 | Flat |
| 45A HERONFIELD CLOSE, CHURCH HILL, REDDITCH, WORCESTERSHIRE, B98 8QL | £159,000 | 29/10/2021 | Flat |
| 25 HERONFIELD CLOSE, CHURCH HILL, REDDITCH, WORCESTERSHIRE, B98 8QL | £112,000 | 28/10/2021 | Flat |
| 67 EDGEWORTH CLOSE, CHURCH HILL, REDDITCH, WORCESTERSHIRE, B98 8QQ | £100,000 | 08/10/2021 | Flat |
| 9 TENBURY CLOSE, REDDITCH, WORCESTERSHIRE, B98 9LB | £110,000 | 27/09/2021 | Flat |
| [Same street] 25 GREYSTONE CLOSE, CHURCH HILL, REDDITCH, WORCESTERSHIRE, B98 9HU | £113,000 | 17/09/2021 | Flat |

**Street average:** £113,000 (1 sale)
**Area average:** £124,591 (11 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £130,792 (12 Flat, B98, 2024–2026)
- **Deviation:** -15.9%

## Rental Range

*ONS Price Index of Private Rents (Redditch). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £835/mo
- **Realistic:** £928/mo
- **Optimistic:** £1,021/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 1 Bed Flat, The Old Surgery, B98 | £750/mo | 1 | 0.13 miles | OpenRent |
| 1 Bed Flat, The Old Surgery, B98 | £750/mo | 1 | 0.13 miles | OpenRent |
| 1 Bed Flat, The Old Surgery, B98 | £795/mo | 1 | 0.13 miles | OpenRent |
| 1 Bed Flat, The Old Surgery, B98 | £795/mo | 1 | 0.13 miles | OpenRent |
| 1 Bed Flat, Northleach Close, B98 | £850/mo | 1 | 0.25 miles | OpenRent |

**Average rent: £788/mo (5 listings)**

## 1% Rule

- **Rent ratio:** 0.72% (weak for cashflow)
- **Max investor price (0.8%):** £99,375
- **Target investor price (1%):** £79,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £795/mo).*

- **Gross yield:** 8.7%
- **Cost-to-rent:** 11.5×
- **Monthly cashflow:** £257/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 9.7%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £1,864/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 8.1%
- **10y growth:** 25.9%

## House Price Index (HM Land Registry)

*Official index for Redditch; Flats and maisonettes series; as of April 2026.*

- **1y growth (index):** -2.2%
- **5y growth (index):** 4.8%
- **10y growth (index):** 31.4%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)