2 Bed Flat, Single Let, Smethwick, B66 4SN, £130,000

Kinsey Road, Smethwick, B66 4SN - 2 years ago

Leasehold
BTL
ROI: 8%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£55.5K - £277K
Sold Prices/m²£1.1K/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£135,084
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Total Cash In

£40,200

 

 

Cash Out

 

Rent Range

£700 - £2,150

Rent Estimate

£850

Running Costs/mo

£596

Cashflow/mo

£254

Cashflow/yr

£3,045

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £55.5K to £277K, average is £116K. £1.1K/m² to £3.2K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£103K02/220.12 mi200, Cape Hill, Smethwick, West Midlands B66 4SJ2
£104K08/220.12 mi212, Cape Hill, Smethwick, West Midlands B66 4SJ2
£101K05/210.12 mi210, Cape Hill, Smethwick, West Midlands B66 4SJ2
£140K07/210.43 mi20, Brewers Square, Birmingham, West Midlands B16 0PN2
£105K08/220.48 mi39, Bellefield Road, Birmingham, West Midlands B18 4EL2
£120K02/230.5 mi17, Barnstaple Road, Smethwick, West Midlands B66 3HN2
£148K06/230.78 miFlat 20, Gaiety House, Regent Street, Smethwick, West Midlands B66 3BF2
£123K06/210.81 mi49, Hickory Drive, Birmingham, West Midlands B17 8HL2
£70.5K01/230.81 mi35, Hickory Drive, Birmingham, West Midlands B17 8HL2
£85K10/200.93 mi9, Roslyn Close, Smethwick, West Midlands B66 3AR2
£143.5K03/210.99 miFlat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£130K10/211 miFlat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE2
£135K11/201 miFlat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£147K08/211 miFlat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£55.5K12/211.01 miFlat 4, Louis Court, South Road, Smethwick, West Midlands B67 7BT2
£60K05/231.08 miFlat 54, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£69.5K05/221.08 miFlat 23, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£76.5K08/211.08 miFlat 1, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£67.5K02/211.08 miFlat 36, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K06/211.08 miFlat 26, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K08/231.08 miFlat 31, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K10/221.08 miFlat 28, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£77.5K11/231.08 miFlat 18, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70.5K12/221.08 miFlat 52, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£65K09/211.08 miFlat 35, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K09/221.08 miFlat 58, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£57.5K08/221.08 miFlat 15, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£65K01/221.08 miFlat 34, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£56.5K08/221.08 miFlat 27, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£255.5K02/211.12 miFlat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG2
£167K11/201.13 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/211.13 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/211.13 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/231.13 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£160K03/211.14 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/231.14 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/231.14 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£135K04/211.18 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£135K04/211.18 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£270K11/221.19 miApartment 17, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£107K02/221.21 mi60, Ford Street, Smethwick, West Midlands B67 7QY2
£255K06/211.34 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/221.34 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£125K12/211.35 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/201.35 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£112K03/231.35 miFlat 4, Warley House, Abbey Road, Smethwick, West Midlands B67 5LN2
£153.5K06/211.4 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£180K08/211.46 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£144.9K06/211.51 miFlat 1, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2
£140K12/201.51 miFlat 2, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2

Local Rents

48 rents from £700/mo to £2.1K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£95011/240.01 mi-2
£1,15003/250.07 mi-2
£85001/250.08 mi-2
£1,05002/250.19 mi-2
£1,10003/250.19 mi-2
£99502/240.25 mi-2
£99502/240.25 mi-2
£99502/240.25 mi-2
£97503/250.25 mi-2
£85012/240.25 miHerbert James Close, Smethwick, B662
£85003/240.25 mi-2
£85003/240.25 mi-2
£88012/240.25 mi-2
£92503/250.25 mi-2
£92503/250.25 mi-2
£92503/250.25 mi-2
£92503/250.25 mi-2
£92503/250.25 mi-2
£1,39512/240.26 miHerbert James Close, Smethwick, B662
£90012/240.26 miHerbert James Close, SMETHWICK2
£1,00012/240.27 miMaynard Road, Butlers Walk, Edgbaston2
£1,10012/240.28 miSouthfield Road, Edgbaston2
£1,05003/250.3 mi-2
£99512/240.31 miLaxey Road, BIRMINGHAM2
£1,07501/250.35 mi-2
£1,20012/240.35 miWindmill Lane, Smethwick, West Midlands, B662
£95003/240.36 mi-2
£95012/240.36 miChiswell Road, Birmingham, B182
£79512/240.37 miCity Road Edgbaston B16 0NW2
£1,05012/240.38 miJohn Guest Close, Smethwick, B662
£95012/240.39 miHeath Street, BIRMINGHAM2
£1,00012/240.4 miBrewers Square, Edgbaston, B162
£87501/250.44 mi-2
£70012/240.46 miCape Hill, Smethwick, West Midlands, B662
£1,15012/240.47 miCorbett Street, Smethwick, B662
£1,15003/240.47 mi-2
£1,10012/240.48 miWaterloo Road, Smethwick, Birmingham2
£1,15012/240.48 miCorbett Street, SMETHWICK2
£1,15001/250.53 mi-2
£1,15001/250.53 mi-2
£90012/240.53 miClarendon Road, Smethwick2
£2,15003/250.55 mi-2
£1,90003/250.58 mi-2
£1,25012/240.58 mi-2
£1,20002/250.58 mi-2
£1,00003/250.62 mi-2
£1,00012/240.62 mi-2
£1,00001/250.62 mi-2

Local Area Statistics

Population in B66

21,335

Population in Smethwick

51,344

Town centre distance

0.83 miles away

Nearest school

0.20 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+32%

Property History

Listed for £130,000

March 14, 2023

Floor Plans

Description

  • TRANSPORT LINKS TO BIRMINGHAM CITY +
  • TWO BEDROOMS +
  • SPACIOUS LIVING +
  • IDEAL INVESTMENT +
  • ALLOCATED PARKING +

SUMMARY
This spacious modern apartment comprises of two double bedrooms, OPEN PLAN LIVING, Walking distance to local amenities and over looking the Midlands Metropolitan Hospital. To get your interest registered and your viewing booked in contact our residential sales team today on .

DESCRIPTION
This well presented two bedroom flat is within a two mile radius to several train stations, such as; Smethwick Rolfe Street Station, Smethwick Galton Bridge Station and Rowley Regis Station. There are also multiple bus stops within walking distance of the property giving access to the surrounding towns and Birmingham City Centre.

Doctors surgeries, opticians and dentists are within a one mile radius, also with the access to public transport you should never be pushed for finding any of these.

As well as Birmingham City Centre for shopping needs, there are also the options of local shops and Bearwood High Street under only 10 Minute walk away from the property, giving you a wider range of grocery stores, clothes shops and more.

Entrance Hallway 

Open Plan Lounge / Kitchen 12' 9" x 12' 4" ( 3.89m x 3.76m )

Lounge 
Double glazed window to the rear aspect, patio doors, ceiling light point, tiled flooring.

Kitchen 7' 9" x 9' 8" ( 2.36m x 2.95m )
Double glazed window to the side aspect fitted kitchen with wall and base units, work surfaces, sink and drainer, gas hob, electric oven, cooker hood, plumbing for a washing machine, ceiling light point, tiled flooring.

Bedroom One 11' 3" x 11' 8" ( 3.43m x 3.56m )
Double glazed window to the side aspect, wall mounted electric heater, ceiling light point, wooden flooring.

Bedroom Two 8' 11" x 13' 6" ( 2.72m x 4.11m )
Double glazed window to the side aspect, wall mounted electric heater, ceiling light point, wooden flooring.

Shower Room 
Double glazed window to the side aspect, wash hand basin, shower cubicle, w/c, ceiling light point, part tiled, lino flooring.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, B'ham West - Bearwood

0121 387 6256

Next Steps?

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