2 Bed Flat, Single Let, Kidderminster, DY10 2EA, £100,000

Blackwell Street, Kidderminster, Worcestershire, DY10 2EA - 3 views - 10 months ago

Leasehold

BTL

ROI: 10%

~68 m²

+10 photos

ValuationUndervalued

Sold Prices	£65K - £175K
Sold Prices/m²	£1.4K/m² - £2.8K/m²

Square Metres	~68.11 m²
Price/m²	£1.5K/m²
Value Estimate	£124,000£124,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£25,000£25,000
Stamp Duty & Legal Fees	£4,200£4,200
Total Cash In	£29,200£29,200

Cash Out
Rent Range	£625 - £1,100£625 - £1,100
Rent Estimate	£709
Running Costs/mo	£474£474
Cashflow/mo	£235£235
Cashflow/yr	£2,816£2,816
ROI	10%10%
Gross Yield	9%9%

Local Sold Prices

29 sold prices from £65K to £175K, average is £110K. £1.4K/m² to £2.8K/m², average is £2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£72K	02/21	0.1 mi	Flat 5, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH	-	-	2	Flat
£65K	03/21	0.1 mi	Flat 7, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH	-	-	2	Flat
£106K	10/22	0.25 mi	192a, Offmore Road, Kidderminster, Worcestershire DY10 1SB	£2,068	51	2	Flat
£95K	07/23	0.35 mi	15, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD	£1,900	50	2	Flat
£107K	03/23	0.35 mi	1, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD	-	-	2	Flat
£98K	01/21	0.42 mi	Flat 4, Mill Bank Court, Mill Street, Kidderminster, Worcestershire DY11 6GA	-	-	2	Flat
£130K	02/23	0.44 mi	Flat 21, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX	-	-	2	Flat
£117K	07/22	0.47 mi	Flat 32, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX	-	-	2	Flat
£117K	11/21	0.47 mi	Flat 34, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX	-	-	2	Flat
£112K	11/20	0.47 mi	Flat 30, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX	-	-	2	Flat
£110K	08/22	0.47 mi	Flat 2, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX	-	-	2	Flat
£110K	11/22	0.49 mi	35, Perrett Walk, Kidderminster, Worcestershire DY11 6SA	£2,683	41	2	Flat
£125K	02/23	0.51 mi	37, Perrett Walk, Kidderminster, Worcestershire DY11 6SA	£2,841	44	2	Flat
£105K	10/20	0.63 mi	5, Stewart Court, Kidderminster, Worcestershire DY10 1UR	£2,283	46	2	Flat
£120K	05/23	0.65 mi	4, Quayle Court, Kidderminster, Worcestershire DY11 6SQ	£2,143	56	2	Flat
£150K	06/21	0.66 mi	43a, Linden Avenue, Kidderminster, Worcestershire DY10 3AA	£1,401	107	2	Flat
£95K	10/22	0.71 mi	29, Blakebrook Gardens, Kidderminster, Worcestershire DY11 6RF	-	-	2	Flat
£85K	08/21	0.73 mi	68, Beaulieu Close, Kidderminster, Worcestershire DY11 5EE	£1,512	56	2	Flat
£84.6K	12/22	0.75 mi	12a, Chaddesley Gardens, Kidderminster, Worcestershire DY10 3AJ	-	-	2	Flat
£106K	03/21	0.82 mi	Flat 9, Wellington Court, Sutton Road, Kidderminster, Worcestershire DY11 6QP	-	-	2	Flat
£86K	01/21	0.83 mi	1, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW	£1,564	55	2	Flat
£126K	11/22	0.83 mi	7, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW	£2,066	61	2	Flat
£108.5K	08/21	0.83 mi	11, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW	£1,938	56	2	Flat
£147.5K	11/20	0.84 mi	Flat 11, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN	-	-	2	Flat
£170K	09/22	0.84 mi	Flat 17, Fairways Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN	-	-	2	Flat
£175K	08/22	0.84 mi	Flat 7, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN	-	-	2	Flat
£165K	10/20	0.92 mi	Flat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD	-	-	2	Flat
£165K	10/20	0.92 mi	Flat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD	-	-	2	Flat
£80K	06/22	0.98 mi	1, Poplar Road, Kidderminster, Worcestershire DY11 6ND	£1,667	48	2	Flat

Local Rents

46 rents from £625/mo to £1.1K/mo, average is £800/mo.

Rent	Date	Distance	Address	Beds	Type
£875	02/25	0.11 mi	-	2	Flat
£875	12/24	0.11 mi	-	2	Flat
£825	02/25	0.11 mi	-	2	Flat
£775	03/23	0.12 mi	-	2	Flat
£775	03/23	0.12 mi	-	2	Flat
£850	06/24	0.12 mi	-	2	Flat
£875	04/25	0.12 mi	-	2	Flat
£1,100	03/24	0.16 mi	Leswell Lane, KIDDERMINSTER	2	Flat
£725	12/24	0.16 mi	High Street, KIDDERMINSTER	2	Flat
£800	12/24	0.19 mi	George Street, KIDDERMINSTER	2	Flat
£800	10/24	0.2 mi	-	2	Terraced House
£850	12/24	0.25 mi	Long Acre, KIDDERMINSTER	2	Flat
£910	01/25	0.26 mi	-	2	Terraced House
£725	12/24	0.26 mi	East Street, Kidderminster, Worcestershire, DY10	2	Flat
£750	03/23	0.27 mi	-	2	Flat
£700	03/23	0.27 mi	-	2	Terraced House
£725	03/24	0.28 mi	Offmore Road, KIDDERMINSTER	2	Flat
£625	04/23	0.31 mi	-	2	Terraced House
£625	04/23	0.31 mi	-	2	Terraced House
£1,100	01/25	0.34 mi	-	2	Flat
£825	12/24	0.37 mi	Park Lane, Kidderminster, DY11	2	Flat
£800	12/24	0.41 mi	Park Street, KIDDERMINSTER	2	Flat
£800	12/24	0.41 mi	Park Street, KIDDERMINSTER	2	Flat
£850	03/25	0.41 mi	-	2	Terraced House
£745	12/24	0.43 mi	Mill Lane, Kidderminster, DY11	2	Flat
£800	12/24	0.44 mi	-	2	Flat
£825	03/24	0.45 mi	Waterside Grange, KIDDERMINSTER	2	Flat
£750	12/24	0.45 mi	Ray Mercer Way, Kidderminster, Worcestershire	2	Flat
£895	12/24	0.46 mi	Lea Street, Kidderminster, Worcestershire, DY10	2	Flat
£850	12/24	0.48 mi	Bewdley Road, KIDDERMINSTER	2	Flat
£800	03/24	0.49 mi	-	2	Semi-Detached House
£800	03/24	0.49 mi	-	2	Semi-Detached House
£800	12/24	0.49 mi	-	2	Semi-Detached House
£800	12/24	0.49 mi	-	2	Semi-Detached House
£850	11/24	0.49 mi	-	2	Semi-Detached House
£850	12/24	0.5 mi	Lorne Grove, KIDDERMINSTER	2	Flat
£775	03/24	0.51 mi	Tabbs Gardens, Kidderminster, DY10	2	Terraced House
£825	03/24	0.51 mi	Tabbs Gardens, Kidderminster, Worcestershire	2	Detached House
£795	03/24	0.53 mi	Lorne Street, Kidderminster, DY10	2	Terraced House
£825	12/24	0.54 mi	Woodfield Street, Kidderminster, DY11	2	Terraced House
£825	03/24	0.54 mi	-	2	Terraced House
£800	12/24	0.57 mi	-	2	Terraced House
£800	12/24	0.57 mi	-	2	Terraced House
£900	08/24	0.57 mi	-	2	Terraced House
£725	03/24	0.6 mi	St Andrews Green, Kidderminster, Worcestershire, DY10	2	Flat
£795	03/24	0.61 mi	39 Farfield,Kidderminster,DY10 1UQ	2	Flat

Local Area Statistics

Population in DY10	35,49335,493
Population in Kidderminster	74,03774,037
Town centre distance	0.40 miles away0.40 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.52 miles away0.52 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+4%+4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+38%+38%

Property History

Listed for £100,000

June 14, 2024

Floor Plans

Description

Secure allocated resident parking +

A warm welcome to the market is this delightful 2 bedroom apartment in the heart of Kidderminster which also benefits from allocated parking. As you enter through the secure main door system you will find the property located on the 1st floor. The apartment comprises of an open plan kitchen/lounge/diner with some integrated appliances and worktop space. Two double bedrooms and the main family bathroom. Call today to arrange your viewing to avoid disappointment!

Agent Details

Dixons, Kidderminster

01562 547727

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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