2 Bed Flat, Single Let, Kidderminster, DY10 3AJ, £120,000

Chaddesley Gardens, Chaddesley Road, DY10 3AJ - 1 views - 7 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£39.5K - £175K
Sold Prices/m²£1.4K/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£129,411
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£700 - £1,100

Rent Estimate

£716

Running Costs/mo

£538

Cashflow/mo

£178

Cashflow/yr

£2,134

ROI

6%

Gross Yield

7%

Local Sold Prices

37 sold prices from £39.5K to £175K, average is £105K. £1.4K/m² to £2.3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£84.6K12/220 mi12a, Chaddesley Gardens, Kidderminster, Worcestershire DY10 3AJ2
£86K01/210.08 mi1, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£126K11/220.08 mi7, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£108.5K08/210.08 mi11, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£147.5K11/200.27 miFlat 11, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£170K09/220.27 miFlat 17, Fairways Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£175K08/220.27 miFlat 7, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£105K10/200.32 mi5, Stewart Court, Kidderminster, Worcestershire DY10 1UR2
£165K10/200.34 miFlat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD2
£165K10/200.34 miFlat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD2
£106K10/220.5 mi192a, Offmore Road, Kidderminster, Worcestershire DY10 1SB2
£150K06/210.5 mi43a, Linden Avenue, Kidderminster, Worcestershire DY10 3AA2
£95K07/230.69 mi15, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD2
£107K03/230.69 mi1, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD2
£130K02/230.77 miFlat 21, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£72K02/210.77 miFlat 5, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH2
£65K03/210.77 miFlat 7, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH2
£117K07/220.79 miFlat 32, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£117K11/210.79 miFlat 34, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£112K11/200.79 miFlat 30, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£110K08/220.79 miFlat 2, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£90K05/230.83 mi49, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£95K08/230.83 mi26, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£95K02/230.83 mi63, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£145K09/220.83 mi8, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£142.5K09/220.83 mi47, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£160K09/230.83 mi9, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£85K05/230.95 mi96, Dunlin Drive, Kidderminster, Worcestershire DY10 4TA2
£39.5K12/220.95 miFlat 49, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£42K12/200.95 miFlat 21, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£48K04/230.95 miFlat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£46.5K10/200.95 miFlat 9, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£48.5K12/210.95 miFlat 16, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£44K12/200.95 miFlat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£40.5K03/210.95 miFlat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£43.5K11/200.95 miFlat 31, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£55K04/230.95 miFlat 6, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2

Local Rents

21 rents from £700/mo to £1.1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£77512/240.17 miComberton Court, Comberton Road, Kidderminster, Worcestershire2
£80012/240.21 mi-2
£80012/240.21 mi-2
£90008/240.21 mi-2
£79503/240.23 mi39 Farfield,Kidderminster,DY10 1UQ2
£79503/240.27 miLorne Street, Kidderminster, DY102
£85012/240.27 miLorne Grove, KIDDERMINSTER2
£89512/240.29 miLea Street, Kidderminster, Worcestershire, DY102
£80012/240.32 mi-2
£75012/240.4 miRay Mercer Way, Kidderminster, Worcestershire2
£1,10001/250.46 mi-2
£77503/240.46 miTabbs Gardens, Kidderminster, DY102
£82503/240.46 miTabbs Gardens, Kidderminster, Worcestershire2
£72503/240.47 miOffmore Road, KIDDERMINSTER2
£70003/230.48 mi-2
£72512/240.48 miEast Street, Kidderminster, Worcestershire, DY102
£91001/250.5 mi-2
£75003/230.51 mi-2
£72503/240.54 miSt Andrews Green, Kidderminster, Worcestershire, DY102
£80012/240.56 miGeorge Street, KIDDERMINSTER2
£1,10003/240.6 miLeswell Lane, KIDDERMINSTER2

Local Area Statistics

Population in DY10

35,493

Population in Kidderminster

74,037

Town centre distance

0.35 miles away

Nearest school

0.10 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Price changed to £120,000

November 18, 2024

Listed for £130,000

September 10, 2024

Floor Plans

Description

  • No upwards chain +
  • Two bedrooms +
  • Ground floor +
  • EPC D +

Bagleys are please to present this ground floor two bedroom apartment in a popular residential location. Benefitting From Lounge Diner, Separate Kitchen With Breakfast Bar, 2 Bedrooms, Bathroom, Utility, Mature Grounds, Parking For Residents & Visitors. LEASEHOLD. EPC = D. Offered with vacant possession and no upwards chain.

Entrance Hallway: Door to the side leading into a spacious hallway with built-in storage, fitted carpet, ceiling light point and a panelled radiator. Fitted boiler and plumbing for a washing machine.

Living Room: 17'1" x 16'2" (5.21m x 4.93m), Very spacious living area boasting fitted carpet, two ceiling light points, panelled radiator and double glazed bay and single window to the front.

Kitchen: 9'8" x 6'8" (2.95m x 2.03m), Fitted kitchen offering a range of wall and base units and ample work surface space. Inset sink and drainer unit, cooker space and plumbing for a washing machine. Vinyl flooring, partially tiled walls, ceiling light point, panelled radiator and a double glazed window to the side.

Bedroom One: 13'2" x 9'9" (4.01m x 2.97m), Double bedroom offering fitted carpet, ceiling light point, panelled radiator and a double glazed window to the rear.

Bedroom Two: 11'7" x 6'9" (3.53m x 2.06m), Offering fitted carpet, ceiling light point, panelled radiator and a double glazed window to the rear.

Shower Room: Comprising a wash hand basin with storage, low flush WC and a walk-in shower cubicle with sliding glass door. Vinyl flooring, partially tiled walls, a panelled radiator and a ceiling light point.

Outside: Communal gardens surrounding and off-road parking spaces

Leasehold Details: Current lease being 156 years from the 29 September 2015. 146 years remain. Service Charge for 2024 - £1252.00 per annum payable in two equal installments of £626,00 on 25th March and 29th September.

Agent Details

Bagleys Sales & Rentals, Kidderminster

01562 547545

Next Steps?

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