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2 Bed Flat, Single Let, Kidderminster, DY10 3AH, £125,000

Balmoral Court, Kidderminster, Worcestershire, DY10 3AH - 3 views - 5 months ago

Leasehold
BTL
ROI: 5%
~62 m²
+5 photos

ValuationOvervalued

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

 

 

Square Metres

~62 m²
Price/m²£2K/m²

Value Estimate

£118,963

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£600 - £1,100

Rent Estimate

£709

Running Costs/mo

£552

Cashflow/mo

£157

Cashflow/yr

£1,879

ROI

5%

Gross Yield

7%

Local Sold Prices

27 sold prices from £65K to £175K, average is £112K. £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
£105K10/200.37 mi5, Stewart Court, Kidderminster, Worcestershire DY10 1UR2
£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

Links

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

November 15, 2024

Floor Plans

Description

Dixons are very excited to present this ground floor 2 bedroom apartment located in Kidderminster and briefly comprising of and entrance hallway leading to 2 double bedrooms, bathroom, living room and to conclude is the kitchen which has a range of wall and base units. The property is being sold with no upward chain and is ready and waiting for its new owner. Call today to arrange your viewing!

Agent Details

Dixons, Kidderminster

01562 547727

Next Steps?

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

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