2 Bed Flat, Public Notice, Kidderminster, DY10 3AH, £125,000

Balmoral Court, Kidderminster, DY10 3AH - 7 months ago

Leasehold
BTL
ROI: 4%
~63 m²
+4 photos

ValuationOvervalued

Sold Prices£65K - £175K
Sold Prices/m²£1.4K/m² - £2.3K/m²

 

 

Square Metres

~62.70 m²
Price/m²£2K/m²

Value Estimate

£120,306

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£7,450

Total Cash In

£38,700

 

 

Cash Out

 

Rent Range

£600 - £1,100

Rent Estimate

£688

Running Costs/mo

£548

Cashflow/mo

£140

Cashflow/yr

£1,677

ROI

4%

Gross Yield

7%

Local Sold Prices

26 sold prices from £65K to £175K, average is £114.5K. £1.4K/m² to £2.3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£84.6K12/220.17 mi12a, Chaddesley Gardens, Kidderminster, Worcestershire DY10 3AJ2
£86K01/210.23 mi1, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£126K11/220.23 mi7, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£108.5K08/210.23 mi11, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£150K06/210.35 mi43a, Linden Avenue, Kidderminster, Worcestershire DY10 3AA2
£106K10/220.37 mi192a, Offmore Road, Kidderminster, Worcestershire DY10 1SB2
£147.5K11/200.41 miFlat 11, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£170K09/220.41 miFlat 17, Fairways Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£175K08/220.41 miFlat 7, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£165K10/200.49 miFlat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD2
£165K10/200.49 miFlat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD2
£95K07/230.52 mi15, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD2
£107K03/230.52 mi1, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD2
£72K02/210.63 miFlat 5, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH2
£65K03/210.63 miFlat 7, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH2
£130K02/230.73 miFlat 21, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£117K07/220.76 miFlat 32, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£117K11/210.77 miFlat 34, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£112K11/200.77 miFlat 30, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£110K08/220.77 miFlat 2, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£90K05/230.99 mi49, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£95K08/230.99 mi26, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£95K02/230.99 mi63, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£145K09/220.99 mi8, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£142.5K09/220.99 mi47, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£160K09/230.99 mi9, Skylark Way, Kidderminster, Worcestershire DY10 4EN2

Local Rents

31 rents from £600/mo to £1.1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£80012/240.05 mi-2
£80012/240.05 mi-2
£90008/240.05 mi-2
£79503/240.1 miLorne Street, Kidderminster, DY102
£85012/240.13 miLorne Grove, KIDDERMINSTER2
£89512/240.21 miLea Street, Kidderminster, Worcestershire, DY102
£80012/240.26 mi-2
£79503/240.28 mi39 Farfield,Kidderminster,DY10 1UQ2
£77503/240.3 miTabbs Gardens, Kidderminster, DY102
£82503/240.3 miTabbs Gardens, Kidderminster, Worcestershire2
£77512/240.33 miComberton Court, Comberton Road, Kidderminster, Worcestershire2
£72503/240.35 miOffmore Road, KIDDERMINSTER2
£75003/230.37 mi-2
£70003/230.37 mi-2
£75012/240.37 miRay Mercer Way, Kidderminster, Worcestershire2
£72512/240.38 miEast Street, Kidderminster, Worcestershire, DY102
£91001/250.4 mi-2
£1,10001/250.4 mi-2
£80012/240.45 miGeorge Street, KIDDERMINSTER2
£1,10003/240.47 miLeswell Lane, KIDDERMINSTER2
£60012/240.48 miAdams Court, KIDDERMINSTER2
£72503/240.48 miAdams Court, Kidderminster, Worcestershire2
£77503/230.54 mi-2
£77503/230.54 mi-2
£85006/240.54 mi-2
£87504/250.54 mi-2
£87502/250.55 mi-2
£87512/240.56 mi-2
£82502/250.56 mi-2
£72503/240.57 miSt Andrews Green, Kidderminster, Worcestershire, DY102
£80009/240.61 mi-2

Local Area Statistics

Population in DY10

35,493

Population in Kidderminster

74,037

Town centre distance

0.25 miles away

Nearest school

0.20 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £125,000

September 19, 2024

Floor Plans

Description

  • No Upward Chain +
  • 2 Bedroom Apartment +
  • Ground Floor +
  • Lovely Communal Gardens +

PUBLIC NOTICE - 26 Balmoral Court- We are in receipt of an offer of £115,000 subject to contract for this property.

Anyone wishing to place a higher offer must do so before legal exchange of contracts.

Bagleys are pleased to present this spacious two bedroom ground floor apartment being sold with No Upward Chain. The property is a great investment opportunity or perfect as a first time purchase. The property enjoys a popular convenient location near to amenities and approximately quarter of a mile distant from Kidderminster railway station, with the town centre within easy reach. Access to the property is via a communal entrance door. EPC D

Reception Hall: Ceiling light point. Wall mounted electric heater. Smoke alarm. Double door cupboard housing the fuse board. Doors radiate to bedrooms, bathroom and lounge.

Lounge: 4.96m x 3.98m (16'3" x 13'1"), Dual aspect, with two double glazed windows to rear and side of property. Ceiling light point. Telephone point. Wall mounted electric heater.

Kitchen: 3.02m x 2.40m (9'11" x 7'10"), Double glazed window. Ceiling light point. Part tiled. Roll top work surfaces with range of base units and wall cupboards. Space for cooker. Space and plumbing for washing machine.

Bedroom One: 3.98m x 3.52m (13'1" x 11'7") max, Double glazed window. Ceiling light point. Wall mounted electric heater. Built-in wardrobes.

Bedroom Two: 3.03m x 2.43m (9'11" x 7'12"), Double glazed window. Ceiling light point.

Bathroom: 1.83m x 1.81m (6'0" x 5'11"), Double glazed window. Ceiling light point. Part tiled. White suite comprising w.c., wash hand basin and bath with shower over. Extractor fan.

Leasehold: The property is LEASEHOLD with an extended lease of 190 years from 1st April 1992. Service Charge - To be confirmed.

Agent Details

Bagleys Sales & Rentals, Kidderminster

01562 547545

Next Steps?

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