2 Bed Flat, Single Let, Smethwick, B66 4SL, £120,000

Kinsey Road, Smethwick, West Midlands, B66 4SL - 6 months ago

Sold STC

Leasehold

BTL

ROI: 9%

~57 m²

+7 photos

ValuationOvervalued

Sold Prices	£55.5K - £277K
Sold Prices/m²	£1.1K/m² - £2.7K/m²

Square Metres	~56.60 m²
Price/m²	£2.1K/m²
Value Estimate	£110,113£110,113

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£30,000£30,000
Stamp Duty & Legal Fees	£7,200£7,200
Total Cash In	£37,200£37,200

Cash Out
Rent Range	£700 - £2,250£700 - £2,250
Rent Estimate	£850
Running Costs/mo	£565£565
Cashflow/mo	£285£285
Cashflow/yr	£3,420£3,420
ROI	9%9%
Gross Yield	9%9%

Local Sold Prices

50 sold prices from £55.5K to £277K, average is £116K. £1.1K/m² to £2.7K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£103K	02/22	0.05 mi	200, Cape Hill, Smethwick, West Midlands B66 4SJ	£1,821	57	2	Flat
£104K	08/22	0.05 mi	212, Cape Hill, Smethwick, West Midlands B66 4SJ	£1,768	59	2	Flat
£101K	05/21	0.05 mi	210, Cape Hill, Smethwick, West Midlands B66 4SJ	£1,741	58	2	Flat
£140K	07/21	0.41 mi	20, Brewers Square, Birmingham, West Midlands B16 0PN	£2,326	60	2	Flat
£120K	02/23	0.47 mi	17, Barnstaple Road, Smethwick, West Midlands B66 3HN	£2,182	55	2	Flat
£105K	08/22	0.55 mi	39, Bellefield Road, Birmingham, West Midlands B18 4EL	£1,280	82	2	Flat
£148K	06/23	0.74 mi	Flat 20, Gaiety House, Regent Street, Smethwick, West Midlands B66 3BF	-	-	2	Flat
£123K	06/21	0.75 mi	49, Hickory Drive, Birmingham, West Midlands B17 8HL	£1,830	67	2	Flat
£70.5K	01/23	0.75 mi	35, Hickory Drive, Birmingham, West Midlands B17 8HL	£1,052	67	2	Flat
£85K	10/20	0.88 mi	9, Roslyn Close, Smethwick, West Midlands B66 3AR	£1,574	54	2	Flat
£55.5K	12/21	0.96 mi	Flat 4, Louis Court, South Road, Smethwick, West Midlands B67 7BT	-	-	2	Flat
£143.5K	03/21	0.98 mi	Flat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG	£2,021	71	2	Flat
£130K	10/21	0.99 mi	Flat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE	-	-	2	Flat
£135K	11/20	0.99 mi	Flat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG	£2,213	61	2	Flat
£147K	08/21	0.99 mi	Flat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG	-	-	2	Flat
£60K	05/23	1.02 mi	Flat 54, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£69.5K	05/22	1.02 mi	Flat 23, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£76.5K	08/21	1.02 mi	Flat 1, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£67.5K	02/21	1.02 mi	Flat 36, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£63K	06/21	1.02 mi	Flat 26, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£70K	08/23	1.02 mi	Flat 31, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£70K	10/22	1.02 mi	Flat 28, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£77.5K	11/23	1.02 mi	Flat 18, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£70.5K	12/22	1.02 mi	Flat 52, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£65K	09/21	1.02 mi	Flat 35, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£63K	09/22	1.02 mi	Flat 58, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£57.5K	08/22	1.02 mi	Flat 15, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£65K	01/22	1.02 mi	Flat 34, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£56.5K	08/22	1.02 mi	Flat 27, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£167K	11/20	1.12 mi	12, Stockdale Place, Birmingham, West Midlands B15 3XH	£2,427	69	2	Flat
£162.5K	11/21	1.12 mi	33, Stockdale Place, Birmingham, West Midlands B15 3XH	£2,167	75	2	Flat
£155K	03/21	1.12 mi	73, Stockdale Place, Birmingham, West Midlands B15 3XH	£2,039	76	2	Flat
£200K	03/23	1.12 mi	10, Stockdale Place, Birmingham, West Midlands B15 3XH	£2,703	74	2	Flat
£255.5K	02/21	1.13 mi	Flat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG	-	-	2	Flat
£160K	03/21	1.13 mi	Flat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US	-	-	2	Flat
£82.5K	08/23	1.13 mi	Flat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US	-	-	2	Flat
£141K	05/23	1.13 mi	Flat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US	-	-	2	Flat
£135K	04/21	1.14 mi	Apartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE	-	-	2	Flat
£135K	04/21	1.14 mi	Apartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE	-	-	2	Flat
£270K	11/22	1.15 mi	Apartment 17, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE	-	-	2	Flat
£107K	02/22	1.16 mi	60, Ford Street, Smethwick, West Midlands B67 7QY	£1,945	55	2	Flat
£112K	03/23	1.29 mi	Flat 4, Warley House, Abbey Road, Smethwick, West Midlands B67 5LN	-	-	2	Flat
£255K	06/21	1.33 mi	Flat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ	-	-	2	Flat
£277K	10/22	1.33 mi	Flat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ	-	-	2	Flat
£125K	12/21	1.41 mi	156, Kilby Avenue, Birmingham, West Midlands B16 8EW	£1,894	66	2	Flat
£103K	11/20	1.41 mi	130, Kilby Avenue, Birmingham, West Midlands B16 8EW	£1,256	82	2	Flat
£144.9K	06/21	1.45 mi	Flat 1, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW	-	-	2	Flat
£153.5K	06/21	1.45 mi	17, Ashton Croft, Birmingham, West Midlands B16 8EX	£2,741	56	2	Flat
£144.9K	06/21	1.45 mi	Flat 1, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW	-	-	2	Flat
£140K	12/20	1.45 mi	Flat 2, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW	-	-	2	Flat

Local Rents

50 rents from £700/mo to £2.3K/mo, average is £995/mo.

Rent	Date	Distance	Address	Beds	Type
£850	01/25	0.01 mi	-	2	Flat
£950	11/24	0.06 mi	-	2	Flat
£1,150	03/25	0.14 mi	-	2	Flat
£1,050	02/25	0.15 mi	-	2	Terraced House
£1,100	03/25	0.15 mi	-	2	Terraced House
£1,100	04/25	0.15 mi	-	2	Terraced House
£995	02/24	0.21 mi	-	2	Flat
£995	02/24	0.21 mi	-	2	Flat
£995	02/24	0.21 mi	-	2	Flat
£955	04/25	0.22 mi	-	2	Flat
£850	12/24	0.22 mi	Herbert James Close, Smethwick, B66	2	Flat
£850	03/24	0.22 mi	-	2	Flat
£850	03/24	0.22 mi	-	2	Flat
£880	12/24	0.22 mi	-	2	Flat
£925	03/25	0.22 mi	-	2	Flat
£925	03/25	0.22 mi	-	2	Flat
£925	03/25	0.22 mi	-	2	Flat
£925	03/25	0.22 mi	-	2	Flat
£925	03/25	0.22 mi	-	2	Flat
£1,395	12/24	0.23 mi	Herbert James Close, Smethwick, B66	2	Flat
£900	12/24	0.23 mi	Herbert James Close, SMETHWICK	2	Flat
£1,000	12/24	0.25 mi	Maynard Road, Butlers Walk, Edgbaston	2	Flat
£1,200	12/24	0.3 mi	Windmill Lane, Smethwick, West Midlands, B66	2	Flat
£1,100	12/24	0.3 mi	Southfield Road, Edgbaston	2	Terraced House
£1,050	03/25	0.3 mi	-	2	Terraced House
£995	12/24	0.31 mi	Laxey Road, BIRMINGHAM	2	Terraced House
£875	01/25	0.37 mi	-	2	Terraced House
£795	12/24	0.38 mi	City Road Edgbaston B16 0NW	2	Flat
£1,000	12/24	0.38 mi	Brewers Square, Edgbaston, B16	2	Flat
£700	12/24	0.39 mi	Cape Hill, Smethwick, West Midlands, B66	2	Flat
£1,100	12/24	0.41 mi	Waterloo Road, Smethwick, Birmingham	2	Flat
£1,050	12/24	0.41 mi	John Guest Close, Smethwick, B66	2	Detached House
£1,150	12/24	0.41 mi	Corbett Street, Smethwick, B66	2	Flat
£1,150	03/24	0.41 mi	-	2	Flat
£1,075	01/25	0.42 mi	-	2	Semi-Detached House
£1,150	12/24	0.42 mi	Corbett Street, SMETHWICK	2	Flat
£950	03/24	0.43 mi	-	2	Terraced House
£950	12/24	0.43 mi	Chiswell Road, Birmingham, B18	2	Terraced House
£950	12/24	0.45 mi	Heath Street, BIRMINGHAM	2	Detached House
£900	12/24	0.46 mi	Clarendon Road, Smethwick	2	Flat
£1,150	01/25	0.47 mi	-	2	Terraced House
£1,150	01/25	0.47 mi	-	2	Terraced House
£1,300	04/25	0.5 mi	-	2	Terraced House
£1,900	03/25	0.53 mi	-	2	Detached House
£1,000	01/25	0.55 mi	-	2	Flat
£895	12/24	0.57 mi	Waterloo Road, Smethwick	2	Terraced House
£1,250	01/25	0.58 mi	-	2	Terraced House
£2,250	04/25	0.58 mi	-	2	Flat
£950	01/25	0.58 mi	-	2	Flat
£1,000	04/25	0.59 mi	-	2	Flat

Local Area Statistics

Population in B66	21,33521,335
Population in Smethwick	51,34451,344
Town centre distance	0.76 miles away0.76 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.78 miles away0.78 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+28%+28%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+32%+32%

Property History

Listed for £120,000

October 29, 2024

Floor Plans

Description

*INVESTMENT OPPORTUNITY*
A Spacious Two Bedroom Apartment set in leafy surroundings close to Midlands Metropolitan University Hospital .The property briefley comprising Communal Entrance with Door Entry Access System, Entrance Hallway, Lounge ,Kitchen ,Two Bedrooms and Family Bathroom. Located close to local Transport Links, Amenities and Schools. EPC C
*LEASE REMAINING 111 YEARS *

Agent Details

Dixons, Bearwood

0121 387 6271

Next Steps?

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

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ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents