2 Bed Flat, Single Let, West Bromwich, B70 9AG, £135,000

Old Meeting Street, West Bromwich, B70 9AG - 7 views - 10 months ago

Leasehold
BTL
ROI: 6%
~58 m²
+11 photos

ValuationOvervalued

Sold Prices£57K - £131K
Sold Prices/m²£1.1K/m² - £2.2K/m²

 

 

Square Metres

~58.10 m²
Price/m²£2.3K/m²

Value Estimate

£107,539

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

£795 - £1,250

Rent Estimate

£795

Running Costs/mo

£601

Cashflow/mo

£194

Cashflow/yr

£2,330

ROI

6%

Gross Yield

7%

Local Sold Prices

22 sold prices from £57K to £131K, average is £98.4K. £1.1K/m² to £2.2K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£92.5K06/210 miFlat 12, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG2
£90K02/210 miFlat 7, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG2
£97K12/210 miFlat 14, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG2
£95K08/220.16 miFlat 17, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG2
£100K10/220.32 mi134, Gladstone Street, West Bromwich, West Midlands B71 1ER2
£78K02/210.32 mi134, Gladstone Street, West Bromwich, West Midlands B71 1ER2
£95K11/220.55 mi124, Wiltshire Way, West Bromwich, West Midlands B71 1JU2
£57K01/210.59 mi35, Creed Way, West Bromwich, West Midlands B70 9JT2
£115K11/220.61 mi56, Creed Way, West Bromwich, West Midlands B70 9JW2
£120K12/210.61 mi52, Creed Way, West Bromwich, West Midlands B70 9JW2
£99.8K11/220.61 mi14, Austen Walk, West Bromwich, West Midlands B71 1RD2
£116K06/230.64 miApartment 2, Elwell House, Shropshire Way, West Bromwich, West Midlands B71 1BJ2
£131K09/230.67 miApartment 3, Ridgeacre House, Shropshire Way, West Bromwich, West Midlands B71 1BZ2
£110K05/230.69 mi9, Westley Court, West Bromwich, West Midlands B71 1HH2
£92K08/210.69 mi35, Westley Court, West Bromwich, West Midlands B71 1HH2
£120K04/220.69 mi22, Westley Court, West Bromwich, West Midlands B71 1HH2
£100K11/220.85 mi38, Church Vale, West Bromwich, West Midlands B71 4DB2
£110K09/220.85 mi5, Barncroft Street, West Bromwich, West Midlands B70 0QJ2
£85K05/210.86 mi4, Overton Place, West Bromwich, West Midlands B71 1RL2
£67K06/220.86 mi3, Overton Place, West Bromwich, West Midlands B71 1RL2
£95K07/210.86 miFlat 259, Hallam Court, Hallam Street, West Bromwich, West Midlands B71 4HT2
£106K07/220.89 mi36, St Clements Lane, West Bromwich, West Midlands B71 4EU2

Local Rents

27 rents from £795/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£95011/240.17 mi-2
£90012/240.17 mi-2
£90002/250.17 mi-2
£95003/240.22 mi-2
£1,00001/250.25 mi-2
£1,00001/250.28 mi-2
£1,10002/250.28 mi-2
£1,25012/240.28 mi-2
£1,00002/250.28 mi-2
£1,10001/250.28 mi-2
£1,00001/250.28 mi-2
£1,00001/250.28 mi-2
£1,25004/250.28 mi-2
£1,00002/250.28 mi-2
£1,00004/250.28 mi-2
£1,10004/250.28 mi-2
£1,10004/250.28 mi-2
£1,00004/250.31 mi-2
£95004/250.32 mi-2
£90012/240.42 miHayes Street, West Bromwich2
£79512/240.44 miCarters Green, WEST BROMWICH2
£90001/240.5 mi-2
£90001/240.5 mi-2
£1,00004/240.52 mi-2
£1,00012/240.52 mi-2
£1,00012/240.52 miLiberty Lane, West Bromwich, B702
£90002/250.54 mi-2

Local Area Statistics

Population in B70

27,772

Population in West Bromwich

58,705

Town centre distance

0.47 miles away

Nearest school

0.30 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Listed for £135,000

June 20, 2024

Floor Plans

Description

  • Apartment +

The Property
Coming Soon

A two bedroom modern apartment in a sought after area in West Bromwich, viewing is essential to appreciate the size and condition of this wonderful property.

This wonderful property comprises of hallway, open plan lounge and fitted kitchen area, two bedrooms, modern bathroom and allocated off road parking.

No Upward Chain

More photos and floor plan to follow

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 31/12/2122

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Birmingham

024 7542 7306

Next Steps?

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