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2 Bed Flat, Single Let, Oldbury, B69 4QW £130,000

ValuationOvervalued
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £32,500£32,500 |
Stamp Duty & Legal Fees | £5,100£5,100 |
Total Cash In | £37,600£37,600 |
| |
Cash Out | |
Rent Range | £515 - £1,350£515 - £1,350 |
Rent Estimate | £750 |
Running Costs/mo | £576£576 |
Cashflow/mo | £174£174 |
Cashflow/yr | £2,085£2,085 |
ROI | 6%6% |
Gross Yield | 7%7% |
Local Sold Prices
50 sold prices from £61K to £140K, average is £117.3K. £1K/m² to £2.8K/m², average is £2K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | ||
| £133.5K | 12/22 | 0 mi | 395, Titford Road, Oldbury, West Midlands B69 4QW | £2,119 | 63 | 2 | Flat | ||
| £122K | 08/22 | 0.01 mi | 387, Titford Road, Oldbury, West Midlands B69 4QW | - | - | 2 | Flat | ||
| £129K | 05/24 | 0.02 mi | 35, Ashwood Close, Oldbury, West Midlands B69 4SD | £1,817 | 71 | 2 | Flat | ||
| £117.5K | 05/23 | 0.02 mi | 36, Ashwood Close, Oldbury, West Midlands B69 4SD | £1,567 | 75 | 2 | Flat | ||
| £129K | 05/24 | 0.04 mi | 35, Ashwood Close, Oldbury B69 4SD | - | - | 2 | Flat | ||
| £129K | 05/24 | 0.04 mi | 35, Ashwood Close, Oldbury B69 4SD | £1,817 | 71 | 2 | Flat | ||
| £122.5K | 09/22 | 0.04 mi | 14, Ashwood Close, Oldbury, West Midlands B69 4SD | £1,974 | 62 | 2 | Flat | ||
| £127K | 01/25 | 0.05 mi | 19, Ashwood Close, Oldbury B69 4SD | £2,761 | 46 | 2 | Flat | ||
| £127K | 01/25 | 0.05 mi | 19, Ashwood Close, Oldbury B69 4SD | £2,761 | 46 | 2 | Flat | ||
| £127K | 01/25 | 0.05 mi | 19, Ashwood Close, Oldbury B69 4SD | - | - | 2 | Flat | ||
| £80K | 06/22 | 0.15 mi | 55, Winchester Close, Rowley Regis, West Midlands B65 0PW | £1,778 | 45 | 2 | Flat | ||
| £95K | 11/23 | 0.15 mi | 18, Winchester Close, Rowley Regis B65 0PW | - | - | 2 | Flat | ||
| £92.5K | 12/22 | 0.15 mi | 18, Titford Lane, Rowley Regis, West Midlands B65 0PT | £2,256 | 41 | 2 | Flat | ||
| £73K | 07/22 | 0.16 mi | 52, Winchester Close, Rowley Regis, West Midlands B65 0PW | £1,721 | 42 | 2 | Flat | ||
| £76K | 04/25 | 0.17 mi | 19, Truro Close, Rowley Regis B65 0PN | £1,000 | 76 | 2 | Flat | ||
| £76K | 04/25 | 0.17 mi | 19, Truro Close, Rowley Regis B65 0PN | - | - | 2 | Flat | ||
| £136K | 02/23 | 0.17 mi | 101, Durham Road, Rowley Regis, West Midlands B65 0SH | £2,776 | 49 | 2 | Flat | ||
| £92K | 11/22 | 0.18 mi | 77, Durham Road, Rowley Regis, West Midlands B65 0SH | £1,878 | 49 | 2 | Flat | ||
| £70K | 07/22 | 0.18 mi | 21, Durham Road, Rowley Regis, West Midlands B65 0SH | £1,370 | 51 | 2 | Flat | ||
| £125.1K | 01/25 | 0.19 mi | 43, Durham Road, Rowley Regis B65 0SH | £2,406 | 52 | 2 | Flat | ||
| £125.1K | 01/25 | 0.19 mi | 43, Durham Road, Rowley Regis B65 0SH | - | - | 2 | Flat | ||
| £61K | 03/25 | 0.19 mi | 68, Winchester Close, Rowley Regis B65 0PW | £1,356 | 45 | 2 | Flat | ||
| £61K | 03/25 | 0.19 mi | 68, Winchester Close, Rowley Regis B65 0PW | - | - | 2 | Flat | ||
| £85K | 06/24 | 0.21 mi | 434, Birchfield Lane, Oldbury B69 1AF | £1,574 | 54 | 2 | Flat | ||
| £85K | 06/24 | 0.21 mi | 434, Birchfield Lane, Oldbury B69 1AF | - | - | 2 | Flat | ||
| £70K | 12/24 | 0.21 mi | 442, Birchfield Lane, Oldbury B69 1AF | £1,296 | 54 | 2 | Flat | ||
| £70K | 12/24 | 0.21 mi | 442, Birchfield Lane, Oldbury B69 1AF | - | - | 2 | Flat | ||
| £85K | 11/21 | 0.32 mi | Flat 7, Penncricket Court, Penncricket Lane, Oldbury, West Midlands B68 8LX | - | - | 2 | Flat | ||
| £105K | 07/24 | 0.38 mi | Richards House, Flat 3, Kempsey Close, Oldbury B69 1BN | £1,842 | 57 | 2 | Flat | ||
| £105K | 07/24 | 0.38 mi | Flat 3, Richards House, Kempsey Close, Oldbury B69 1BN | - | - | 2 | Flat | ||
| £137.5K | 09/22 | 0.39 mi | Flat 1, Brandhall Court, Wolverhampton Road, Oldbury, West Midlands B68 8DE | - | - | 2 | Flat | ||
| £140K | 04/24 | 0.51 mi | 71, Old College Avenue, Oldbury B68 8BF | £2,222 | 63 | 2 | Flat | ||
| £140K | 04/24 | 0.51 mi | 71, Old College Avenue, Oldbury B68 8BF | - | - | 2 | Flat | ||
| £137.5K | 12/23 | 0.51 mi | 63, Old College Avenue, Oldbury B68 8BF | £2,148 | 64 | 2 | Flat | ||
| £140K | 04/24 | 0.53 mi | 71, Old College Avenue, Oldbury, West Midlands B68 8BF | £2,222 | 63 | 2 | Flat | ||
| £85K | 11/22 | 0.72 mi | 20, Martley Road, Oldbury, West Midlands B69 1DZ | £1,349 | 63 | 2 | Flat | ||
| £130K | 09/23 | 0.86 mi | Aqua Court, 38, Cardale Street, Rowley Regis B65 0LW | £2,063 | 63 | 2 | Flat | ||
| £115K | 03/23 | 0.86 mi | 21, The Pineways, Oldbury, West Midlands B69 1JL | £2,300 | 50 | 2 | Flat | ||
| £121K | 06/24 | 0.87 mi | Aqua Court, 16, Cardale Street, Rowley Regis B65 0LW | £1,833 | 66 | 2 | Flat | ||
| £121K | 06/24 | 0.87 mi | 16, Aqua Court, Cardale Street, Rowley Regis B65 0LW | - | - | 2 | Flat | ||
| £120K | 01/25 | 0.87 mi | 9, The Pineways, Oldbury B69 1JL | £2,034 | 59 | 2 | Flat | ||
| £120K | 01/25 | 0.87 mi | 9, The Pineways, Oldbury B69 1JL | - | - | 2 | Flat | ||
| £115K | 12/24 | 0.87 mi | 17, Warwick Close, Oldbury B68 8NH | £2,347 | 49 | 2 | Flat | ||
| £115K | 12/24 | 0.87 mi | 17, Warwick Close, Oldbury B68 8NH | - | - | 2 | Flat | ||
| £73K | 11/21 | 0.88 mi | 51, Warwick Close, Oldbury, West Midlands B68 8NH | - | - | 2 | Flat | ||
| £105K | 06/22 | 0.88 mi | 34, Warwick Close, Oldbury, West Midlands B68 8NH | £2,180 | 48 | 2 | Flat | ||
| £110K | 08/23 | 0.88 mi | 181, Hanover Road, Rowley Regis B65 9EQ | £1,963 | 56 | 2 | Flat | ||
| £131K | 10/22 | 0.89 mi | Flat 24, Brandhall Court, Wolverhampton Road, Oldbury, West Midlands B68 8DE | - | - | 2 | Flat | ||
| £117K | 04/22 | 0.89 mi | Flat 18, Brandhall Court, Wolverhampton Road, Oldbury, West Midlands B68 8DE | - | - | 2 | Flat | ||
| £126K | 02/25 | 0.89 mi | Flat 3, Brandhall Court, Wolverhampton Road, Oldbury B68 8DE | £1,750 | 72 | 2 | Flat |
Local Rents
50 rents from £515/mo to £1.4K/mo, average is £895/mo.
Rent | Date | Distance | Address | Beds | Type | ||
| £825 | 11/25 | 0 mi | Titford Road, Oldbury, B69 | 2 | Flat | ||
| £575 | 07/25 | 0.02 mi | Titford Road, Oldbury, West Midlands | 2 | Flat | ||
| £825 | 12/24 | 0.02 mi | Titford Road, Oldbury, Birmingham | 2 | Flat | ||
| £775 | 08/25 | 0.04 mi | Ashwood Close, Oldbury | 2 | Flat | ||
| £550 | 07/25 | 0.04 mi | Ashwood Close, Oldbury, West Midlands | 2 | Flat | ||
| £550 | 09/25 | 0.11 mi | Ely Close,Rowley Regis,B65 0PU | 2 | Flat | ||
| £650 | 07/25 | 0.13 mi | Titford Road, Oldbury, West Midlands | 2 | Flat | ||
| £625 | 08/25 | 0.13 mi | Canterbury Close, ROWLEY REGIS | 2 | Flat | ||
| £795 | 11/25 | 0.16 mi | Winchester Close, ROWLEY REGIS | 2 | Flat | ||
| £515 | 08/25 | 0.17 mi | Durham Road, Rowley Regis | 2 | Terraced House | ||
| £650 | 12/24 | 0.18 mi | Durham Road, Rowley Regis | 2 | Flat | ||
| £750 | 09/25 | 0.18 mi | Durham Road, Rowley Regis | 2 | Flat | ||
| £700 | 06/25 | 0.18 mi | - | 2 | Flat | ||
| £800 | 01/24 | 0.19 mi | - | 2 | Semi-Detached House | ||
| £925 | 06/25 | 0.2 mi | - | 2 | Terraced House | ||
| £995 | 07/25 | 0.21 mi | Mallard Drive, Oldbury, West Midlands, B69 | 2 | Terraced House | ||
| £925 | 08/25 | 0.22 mi | Pool Lane, Oldbury | 2 | Semi-Detached House | ||
| £595 | 08/25 | 0.24 mi | Farley Court, Rowely Regis, B65 | 2 | Flat | ||
| £850 | 04/24 | 0.24 mi | Oldbury Road, Rowley Regis, West Midlands, B65 | 2 | Flat | ||
| £1,050 | 11/25 | 0.29 mi | Pumphouse Way, Oldbury, B69 4TJ | 2 | Terraced House | ||
| £1,200 | 12/24 | 0.32 mi | Penncricket Lane, Oldbury | 2 | Flat | ||
| £775 | 12/24 | 0.32 mi | Penncricket Lane, Oldbury, West Midlands, B68 | 2 | Flat | ||
| £895 | 12/24 | 0.33 mi | Witley Crescent, Oldbury | 2 | Flat | ||
| £995 | 11/25 | 0.35 mi | Causeway Green Road, Sandwell | 2 | Terraced House | ||
| £1,100 | 09/25 | 0.35 mi | Cakemore Road, Rowley Regis, B65 0RB | 2 | Terraced House | ||
| £1,000 | 10/25 | 0.35 mi | Cakemore Road, Rowley Regis, B65 0RB | 2 | Terraced House | ||
| £650 | 08/25 | 0.38 mi | Clay Lane | 2 | Room | ||
| £725 | 08/25 | 0.4 mi | Causeway Green Road, Oldbury, B68 | 2 | Flat | ||
| £750 | 08/25 | 0.4 mi | St James Gardens, Causeway Green Road, B68 | 2 | Flat | ||
| £900 | 10/25 | 0.41 mi | Highbury Close, Rowley Regis | 2 | Flat | ||
| £900 | 11/25 | 0.41 mi | Highbury Close, Rowley Regis | 2 | Flat | ||
| £900 | 12/24 | 0.44 mi | Causeway Green Road, Oldbury, West Midlands, B68 | 2 | Detached House | ||
| £950 | 11/25 | 0.45 mi | - | 2 | Terraced House | ||
| £1,100 | 11/25 | 0.48 mi | - | 2 | Terraced House | ||
| £1,100 | 11/25 | 0.48 mi | - | 2 | Terraced House | ||
| £1,100 | 11/25 | 0.48 mi | Summer Rd, Birmingham, B65 | 2 | Terraced House | ||
| £1,350 | 10/25 | 0.48 mi | - | 2 | Terraced House | ||
| £1,350 | 10/25 | 0.48 mi | - | 2 | Semi-Detached House | ||
| £700 | 08/25 | 0.49 mi | Causeway Green Road, Oldbury, B68 | 2 | Semi-Detached House | ||
| £750 | 08/25 | 0.49 mi | Causeway Green Road, Oldbury, B68 | 2 | Semi-Detached House | ||
| £995 | 07/25 | 0.49 mi | - | 2 | Terraced House | ||
| £995 | 06/25 | 0.49 mi | - | 2 | Terraced House | ||
| £950 | 06/25 | 0.49 mi | Titford Road, Oldbury, B69 | 2 | Terraced House | ||
| £950 | 09/25 | 0.51 mi | Old College Avenue, Oldbury, B68 | 2 | Flat | ||
| £925 | 12/24 | 0.51 mi | Arden Grove, Oldbury, B69 4SX | 2 | Detached House | ||
| £895 | 09/25 | 0.53 mi | Arden Grove, Oldbury, West Midlands, B69 | 2 | Terraced House | ||
| £775 | 12/24 | 0.53 mi | Langley High Street, Oldbury, West Midlands, B69 | 2 | Flat | ||
| £850 | 11/25 | 0.54 mi | Langley High Street, Oldbury | 2 | Flat | ||
| £900 | 08/25 | 0.55 mi | Langley High Street, Oldbury | 2 | Flat | ||
| £895 | 08/25 | 0.55 mi | - | 2 | Flat |
Property History
Listed for £130,000
August 29, 2024
Sold for £120,000
2021
Sold for £117,500
2005
Floor Plans
Description
- ALLOCATED PARKING +
- TWO BEDROOMS +
- WELL PRESENTED THROUGHOUT +
- SHOWER ROOM +
- GOOD LOCATION PRIME FOR ANY FTB OR INVESTOR ALIKE +
- MUST BE VIEWED TO APPRECIATE THE ACCOMMODATION ON OFFER +
SUMMARY
PRIME REAL ESTATE FOR ANY FIRST TIME BUYER OR INVESTOR LOOKING TO CREATE OR EXPAND A PORTFOLIO
DESCRIPTION
PRIME REAL ESTATE FOR ANY FIRST TIME BUYER OR INVESTOR LOOKING TO CREATE OR EXPAND A PORTFOLIO Potential rental income of £750-£800pcm.
Internally the property comprises of: lounge, kitchen, two bedrooms and shower room.
Externally the vendor has advised there is an allocated parking space with this property.
This residence must be viewed to appreciate all accommodation on offer. Call the sales TEAM on 0121-554-2671.
Entrance Hall
Having door to front, storage heater and doors leading to:
Lounge 20' 1" plus recess x 11' 10" ( 6.12m plus recess x 3.61m )
Having two double glazed front windows.
Kitchen 7' 10" x 7' 3" ( 2.39m x 2.21m )
Having wall and base units, electric oven, electric hob and cooker hood over. Sink/drainer integrated into work surface.
Bedroom One 13' 7" max x 8' 10" plus wardrobe ( 4.14m max x 2.69m plus wardrobe )
Having front double glazed window, panel heater and fitted wardrobes.
Bedroom Two 13' 7" max x 7' 10" max ( 4.14m max x 2.39m max )
Having double glazed window and panel heater.
Shower Room
Having shower cubicle with shower, wash hand basin and low level WC.
Outside
Vendor has advised the property benefits from allocated parking.
Agents Notes
The vendor has advised:
Ground Rent £130 per annum
Service Charge £1454 approx per annum
Lease term: 150 years from 1 January 2005
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.
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