2 Bed Flat, Single Let, West Bromwich, B70 9UJ, £130,000

Claypit Lane, West Bromwich, B70 9UJ - 1 views - 10 months ago

Leasehold
BTL
ROI: 6%
~65 m²
+4 photos

ValuationOvervalued

Sold Prices£49K - £131K
Sold Prices/m²£735/m² - £2.7K/m²

 

 

Square Metres

~65 m²
Price/m²£2K/m²

Value Estimate

£114,051

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,800

Total Cash In

£40,300

 

 

Cash Out

 

Rent Range

£675 - £1,250

Rent Estimate

£795

Running Costs/mo

£585

Cashflow/mo

£210

Cashflow/yr

£2,517

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £49K to £131K, average is £100K. £735/m² to £2.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£95K08/220.46 miFlat 17, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG2
£57K01/210.48 mi35, Creed Way, West Bromwich, West Midlands B70 9JT2
£120K12/210.48 mi52, Creed Way, West Bromwich, West Midlands B70 9JW2
£115K11/220.49 mi56, Creed Way, West Bromwich, West Midlands B70 9JW2
£92.5K06/210.54 miFlat 12, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG2
£90K02/210.54 miFlat 7, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG2
£97K12/210.54 miFlat 14, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG2
£100K10/220.78 mi134, Gladstone Street, West Bromwich, West Midlands B71 1ER2
£78K02/210.78 mi134, Gladstone Street, West Bromwich, West Midlands B71 1ER2
£69.5K10/210.93 mi105, Fisher Street, Great Bridge, Tipton, West Midlands DY4 7ES2
£49K05/230.98 mi48, Brickhouse Lane South, Tipton, West Midlands DY4 7HJ2
£99.8K11/220.99 mi14, Austen Walk, West Bromwich, West Midlands B71 1RD2
£122.5K01/211.04 mi6, Kellner Gardens, Oldbury, West Midlands B69 3DX2
£106K07/221.05 mi36, St Clements Lane, West Bromwich, West Midlands B71 4EU2
£105K07/221.05 mi25, Kellner Gardens, Oldbury, West Midlands B69 3DX2
£101K01/231.05 mi23, Kellner Gardens, Oldbury, West Midlands B69 3DX2
£95K11/221.09 mi124, Wiltshire Way, West Bromwich, West Midlands B71 1JU2
£130K09/221.11 mi5, Bromford Road, Oldbury, West Midlands B69 4BH2
£110K05/231.16 mi9, Westley Court, West Bromwich, West Midlands B71 1HH2
£92K08/211.16 mi35, Westley Court, West Bromwich, West Midlands B71 1HH2
£72K06/211.16 mi78, Peel Way, Tividale, Oldbury, West Midlands B69 3JY2
£120K04/221.16 mi22, Westley Court, West Bromwich, West Midlands B71 1HH2
£116K06/231.18 miApartment 2, Elwell House, Shropshire Way, West Bromwich, West Midlands B71 1BJ2
£80K10/221.19 mi44, Gough Drive, Tipton, West Midlands DY4 7AL2
£112K01/231.19 mi22, Gough Drive, Tipton, West Midlands DY4 7AL2
£95K07/211.2 miFlat 259, Hallam Court, Hallam Street, West Bromwich, West Midlands B71 4HT2
£97K07/211.2 mi6, Waterways Drive, Oldbury, West Midlands B69 2EX2
£103K01/211.21 mi5, Scott Street, Tipton, West Midlands DY4 7AF2
£113.5K11/221.21 mi31, Scott Street, Tipton, West Midlands DY4 7AF2
£131K09/231.22 miApartment 3, Ridgeacre House, Shropshire Way, West Bromwich, West Midlands B71 1BZ2
£87.5K06/211.22 mi16, The Moorings, Oldbury, West Midlands B69 2DD2
£105K11/221.22 mi2, Doughty Close, Tipton, West Midlands DY4 7AJ2
£100K11/221.24 mi38, Church Vale, West Bromwich, West Midlands B71 4DB2
£100K03/211.28 mi28, Summerton Road, Oldbury, West Midlands B69 2GF2
£118K08/231.28 mi88, Scott Street, Tipton, West Midlands DY4 7AG2
£125K03/231.28 mi22, Scott Street, Tipton, West Midlands DY4 7AG2
£95K04/231.28 mi18, Summerton Road, Oldbury, West Midlands B69 2GF2
£85K05/211.28 mi4, Overton Place, West Bromwich, West Midlands B71 1RL2
£67K06/221.29 mi3, Overton Place, West Bromwich, West Midlands B71 1RL2
£95K10/211.29 mi72, Brades Road, Oldbury, West Midlands B69 2FD2
£102K10/211.29 mi72a, Brades Road, Oldbury, West Midlands B69 2FD2
£110K09/221.29 mi5, Barncroft Street, West Bromwich, West Midlands B70 0QJ2
£101K03/231.3 mi55, Mehdi Road, Oldbury, West Midlands B69 2GE2
£96K12/201.3 mi4, Mehdi Road, Oldbury, West Midlands B69 2GE2
£86K03/211.34 mi42, Flash Road, Oldbury, West Midlands B69 4AE2
£90K03/231.38 miFlat 2, Macauley House, Glover Street, West Bromwich, West Midlands B70 6DY2
£104K12/221.43 mi4, Hamilton Road, Tipton, West Midlands DY4 0JB2
£62.5K08/221.44 mi19a, Jesson Street, West Bromwich, West Midlands B70 6PR2
£105K12/221.46 mi12, Princes Gate, West Bromwich, West Midlands B70 6HU2
£101.5K04/211.46 mi43, Princes Gate, West Bromwich, West Midlands B70 6HU2

Local Rents

51 rents from £675/mo to £1.3K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£90002/250 mi-2
£90012/240.2 miHayes Street, West Bromwich2
£1,00004/240.33 mi-2
£1,00012/240.33 miLiberty Lane, West Bromwich, B702
£1,00012/240.33 mi-2
£90001/240.39 mi-2
£90001/240.39 mi-2
£79512/240.39 miCarters Green, WEST BROMWICH2
£1,20004/250.56 mi-2
£94504/250.63 mi-2
£90012/240.66 mi-2
£95011/240.66 mi-2
£90002/250.66 mi-2
£85003/240.7 miWhitehall Road, Tipton, West Midlands, DY42
£95003/240.71 mi-2
£92512/240.73 miMargaret Street, West Bromwich, West Midlands, B70 8LE2
£1,00001/250.74 mi-2
£1,00002/250.76 mi-2
£1,10001/250.76 mi-2
£1,25012/240.76 mi-2
£1,00001/250.76 mi-2
£1,00001/250.76 mi-2
£1,00001/250.76 mi-2
£1,10002/250.76 mi-2
£1,25004/250.76 mi-2
£1,00002/250.76 mi-2
£1,00004/250.76 mi-2
£1,10004/250.76 mi-2
£1,10004/250.76 mi-2
£97012/240.77 miVictoria Street, WEST BROMWICH2
£1,10012/240.77 mi-2
£95004/250.77 mi-2
£82512/240.78 miWest Gate Plaza, West Bromwich2
£1,00004/250.78 mi-2
£89505/240.87 mi-2
£85002/240.95 mi-2
£87512/240.95 mi-2
£95004/250.95 mi-2
£77504/250.95 mi-2
£97502/250.97 mi-2
£67503/240.98 miBrickhouse Lane South, Tipton2
£90005/240.98 miBrickhouse Lane South, TIPTON2
£90012/240.98 miGrafton Road, West Bromwich, West Midlands, B712
£85012/241.02 miThe Crossing, Oldbury, West Midlands, B692
£1,10004/251.03 mi-2
£1,00001/241.04 mi-2
£97512/241.04 miSt. Clements Lane, WEST BROMWICH2
£95012/241.04 miSt. Clements Lane, WEST BROMWICH2
£1,10005/241.06 miThomas Cox Wharf, Tipton, West Midlands, DY42
£80012/241.07 miBell Street, WEST BROMWICH2
£80004/241.08 miMarket Place, Great Bridge, TIPTON2

Local Area Statistics

Population in B70

27,772

Population in West Bromwich

58,705

Town centre distance

0.83 miles away

Nearest school

0.10 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Listed for £130,000

June 22, 2024

Floor Plans

Description

  • Top Floor Aparment +
  • Two Bedrooms +
  • En-Suite & Family Bathroom +
  • Balcony +
  • Convenient Location +
  • Tenant In Situ +

Introducing a top-floor apartment being sold with a tenant in situ, offering an immediate rental income for investors. Additionally, there is no onward chain, streamlining the purchasing process. This top-floor apartment is a straightforward and functional option for those seeking a convenient and practical living space.

The open-plan layout combines the living, dining, and kitchen areas, creating a straightforward and functional space. The kitchen is equipped with essential appliances and sufficient storage, making daily living convenient and efficient.

This apartment includes two bedrooms, providing comfortable living quarters. The master bedroom comes with an ensuite bathroom for added privacy and convenience, while an additional bathroom is available for the second bedroom and guests. Both bathrooms feature modern fittings for a clean and simple look.

A notable feature of this apartment is the balcony, which offers a small outdoor area to enjoy some fresh air. Located in a convenient area, the property provides easy access to local amenities and transport links, making it a practical choice for everyday living.

Agent Details

haart, Harborne

0121 387 6520

Next Steps?

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