2 Bed Flat, Single Let, Kidderminster, DY10 2EA, £75,000

Blackwell Street, KIDDERMINSTER, Worcestershire, DY10 2EA - 1 views - 5 months ago

Leasehold
Auction
BTL
ROI: 14%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£65K - £175K
Sold Prices/m²£1.4K/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£90,750
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Total Cash In

£23,700

 

 

Cash Out

 

Rent Range

£625 - £1,100

Rent Estimate

£672

Running Costs/mo

£389

Cashflow/mo

£283

Cashflow/yr

£3,399

ROI

14%

Gross Yield

11%

Local Sold Prices

29 sold prices from £65K to £175K, average is £110K. £1.4K/m² to £2.8K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£72K02/210.1 miFlat 5, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH2
£65K03/210.1 miFlat 7, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH2
£106K10/220.25 mi192a, Offmore Road, Kidderminster, Worcestershire DY10 1SB2
£95K07/230.35 mi15, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD2
£107K03/230.35 mi1, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD2
£98K01/210.42 miFlat 4, Mill Bank Court, Mill Street, Kidderminster, Worcestershire DY11 6GA2
£130K02/230.44 miFlat 21, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£117K07/220.47 miFlat 32, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£117K11/210.47 miFlat 34, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£112K11/200.47 miFlat 30, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£110K08/220.47 miFlat 2, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£110K11/220.49 mi35, Perrett Walk, Kidderminster, Worcestershire DY11 6SA2
£125K02/230.51 mi37, Perrett Walk, Kidderminster, Worcestershire DY11 6SA2
£105K10/200.63 mi5, Stewart Court, Kidderminster, Worcestershire DY10 1UR2
£120K05/230.65 mi4, Quayle Court, Kidderminster, Worcestershire DY11 6SQ2
£150K06/210.66 mi43a, Linden Avenue, Kidderminster, Worcestershire DY10 3AA2
£95K10/220.71 mi29, Blakebrook Gardens, Kidderminster, Worcestershire DY11 6RF2
£85K08/210.73 mi68, Beaulieu Close, Kidderminster, Worcestershire DY11 5EE2
£84.6K12/220.75 mi12a, Chaddesley Gardens, Kidderminster, Worcestershire DY10 3AJ2
£106K03/210.82 miFlat 9, Wellington Court, Sutton Road, Kidderminster, Worcestershire DY11 6QP2
£86K01/210.83 mi1, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£126K11/220.83 mi7, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£108.5K08/210.83 mi11, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£147.5K11/200.84 miFlat 11, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£170K09/220.84 miFlat 17, Fairways Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£175K08/220.84 miFlat 7, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£165K10/200.92 miFlat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD2
£165K10/200.92 miFlat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD2
£80K06/220.98 mi1, Poplar Road, Kidderminster, Worcestershire DY11 6ND2

Local Rents

46 rents from £625/mo to £1.1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£87502/250.11 mi-2
£87512/240.11 mi-2
£82502/250.11 mi-2
£77503/230.12 mi-2
£77503/230.12 mi-2
£85006/240.12 mi-2
£87504/250.12 mi-2
£1,10003/240.16 miLeswell Lane, KIDDERMINSTER2
£72512/240.16 miHigh Street, KIDDERMINSTER2
£80012/240.19 miGeorge Street, KIDDERMINSTER2
£80009/240.2 mi-2
£85012/240.25 miLong Acre, KIDDERMINSTER2
£91001/250.26 mi-2
£72512/240.26 miEast Street, Kidderminster, Worcestershire, DY102
£75003/230.27 mi-2
£70003/230.27 mi-2
£72503/240.28 miOffmore Road, KIDDERMINSTER2
£62504/230.31 mi-2
£62504/230.31 mi-2
£1,10001/250.34 mi-2
£82512/240.37 miPark Lane, Kidderminster, DY112
£80012/240.41 miPark Street, KIDDERMINSTER2
£80012/240.41 miPark Street, KIDDERMINSTER2
£85003/250.41 mi-2
£74512/240.43 miMill Lane, Kidderminster, DY112
£80012/240.44 mi-2
£82503/240.45 miWaterside Grange, KIDDERMINSTER2
£75012/240.45 miRay Mercer Way, Kidderminster, Worcestershire2
£89512/240.46 miLea Street, Kidderminster, Worcestershire, DY102
£85012/240.48 miBewdley Road, KIDDERMINSTER2
£80003/240.49 mi-2
£80003/240.49 mi-2
£80012/240.49 mi-2
£80012/240.49 mi-2
£85011/240.49 mi-2
£85012/240.5 miLorne Grove, KIDDERMINSTER2
£77503/240.51 miTabbs Gardens, Kidderminster, DY102
£82503/240.51 miTabbs Gardens, Kidderminster, Worcestershire2
£79503/240.53 miLorne Street, Kidderminster, DY102
£82512/240.54 miWoodfield Street, Kidderminster, DY112
£82503/240.54 mi-2
£80012/240.57 mi-2
£80012/240.57 mi-2
£90008/240.57 mi-2
£72503/240.6 miSt Andrews Green, Kidderminster, Worcestershire, DY102
£79503/240.61 mi39 Farfield,Kidderminster,DY10 1UQ2

Local Area Statistics

Population in DY10

35,493

Population in Kidderminster

74,037

Town centre distance

0.40 miles away

Nearest school

0.30 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Price changed to £75,000

February 20, 2025

Price changed to £80,000

December 26, 2024

Listed for £90,000

November 13, 2024

Floor Plans

Description

This 2-bedroom apartment situated on the 2nd floor of this impressive building, previously the old telephone exchange. Offers excellent accommodation throughout: Lift access and stairs to the 2nd floor with a corridor leading to the front entrance door. entrance hallway, open plan lounge, kitchen, 2 good sized bedrooms, bathroom, all fitted with electric heating and being double glazed throughout.

Auctioneers Comments:
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Agent Details

Dixons, Kidderminster

01562 547727

Next Steps?

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