3 Bed Flat, Single Let, Kidderminster, DY10 3AH, £135,000

Chaddesley Road, Kidderminster, DY10 3AH - 8 views - a year ago

Sold STC
Leasehold
BTL
ROI: 8%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£242.5K - £465K
Sold Prices/m²£2.3K/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£166,050
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Total Cash In

£39,000

 

 

Cash Out

 

Rent Range

£850 - £1,650

Rent Estimate

£881

Running Costs/mo

£618

Cashflow/mo

£263

Cashflow/yr

£3,155

ROI

8%

Gross Yield

8%

Local Sold Prices

3 sold prices from £242.5K to £465K, average is £407.5K. £2.3K/m² to £3.6K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£242.5K05/210.99 miFlat 4, Penstock Court, Hurcott Village, Kidderminster, Worcestershire DY10 3PG3
£407.5K06/211.27 mi1, Cedar Crescent, Kidderminster, Worcestershire DY11 6AQ3
£465K09/222.04 miThe Court House, Wolverley Village, Wolverley, Kidderminster, Worcestershire DY11 5XD3

Local Rents

11 rents from £850/mo to £1.6K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£87512/240.13 miLorne Street, Kidderminster3
£1,00012/240.18 miThe Firs Close, Kidderminster, Worcestershire3
£85012/240.23 miAlbert Road, Kidderminster, DY103
£90004/240.35 miEast Street, KIDDERMINSTER3
£95003/240.35 miLeswell Street, Kidderminster3
£95012/240.36 miLeswell Street, KIDDERMINSTER3
£1,65003/240.41 miBirmingham Road, KIDDERMINSTER3
£1,12512/240.48 miMerton Close, Kidderminster, Worcestershire3
£99512/240.5 miChester Road North, KIDDERMINSTER3
£1,10003/240.58 miSycamore Close, KIDDERMINSTER3
£1,10012/240.62 miCoates Road, Kidderminster3

Local Area Statistics

Population in DY10

35,493

Population in Kidderminster

74,037

Town centre distance

0.25 miles away

Nearest school

0.20 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £135,000

March 12, 2024

Floor Plans

Description

  • THREE BEDROOM APARTMENT +
  • FITTED KITCHEN WITH APPLIANCES +
  • SPACIOUS LOUNGE +
  • THREE GOOD SIZED BEDROOMS +
  • MODERN SHOWER ROOM +
  • 157 LEFT ON LEASE +

SUMMARY
Well-presented three bedroom apartment in an ideal location. Comprising an entrance hall, spacious lounge, fitted kitchen, three good sized bedrooms and a shower room. Double glazing throughout.

DESCRIPTION
Well-presented apartment in an ideal location for commuting routes, public transport links including Kidderminster Train Station near-by and local school including King Charles I School. Stepping inside you will find a welcoming hallway, with fitted carpet and doors off to all rooms. A spacious lounge, fitted kitchen, three good sized bedrooms and a white suite shower room. Double glazing throughout.

Entrance Hall 
Welcoming hallway with fitted carpet, ceiling light point and a storage cupboard.

Lounge 15' 1" x 13' 1" ( 4.60m x 3.99m )
Spacious living area with fitted carpet, storage heater, ceiling light point and a large double glazed window to the rear.

Kitchen 9' 9" x 7' 9" ( 2.97m x 2.36m )
Fitted kitchen offering a range of wall and base units and work surfaces. Inset sink and drainer unit, integrated oven and hob with extractor fan above and space and plumbing for a washing machine and fridge freezer. Laminate flooring, partially tiled walls, ceiling light point and a double glazed window to the front.

Bedroom One 11' 7" x 10' 9" ( 3.53m x 3.28m )
Double bedroom offering a built-in wardrobe, fitted carpet, ceiling light point, storage heater and a double glazed window to the rear.

Bedroom Two 9' 3" x 8' 2" ( 2.82m x 2.49m )
Second bedroom offering fitted carpet, a storage heater, ceiling light point and a double glazed window to the front.

Bedroom Three 9' 1" x 7' 1" ( 2.77m x 2.16m )
Third bedroom offering fitted carpet, storage heater, ceiling light point and a double glazed window to the rear.

Shower Room 
White suite comprising a wash hand basin with storage beneath, low flush WC and a shower cubicle with glass door. Laminate flooring, tiled walls, ceiling light point and a double glazed frosted window to the front.

Lease details are currently being compiled. For 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, Kidderminster

01562 541721

Next Steps?

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