2 Bed Flat, Single Let, Tipton, DY4 7RD £107,500

87 Anchor Drive, Tipton, DY4 7RD - 4 views - a year ago

Sold STC

Leasehold

BTL

ROI: 8%

73 m²

ValuationUndervalued

Sold Prices	£43K - £190K
Sold Prices/m²	£644/m² - £2.6K/m²

Square Metres	73 m²
Price/m²	£1.5K/m²
Value Estimate	£120,601£120,601
BMV	12%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£26,875£26,875
Stamp Duty & Legal Fees	£4,425£4,425
Total Cash In	£31,300£31,300

Cash Out
Rent Range	£505 - £1,150£505 - £1,150
Rent Estimate	£719
Running Costs/mo	£500£500
Cashflow/mo	£219£219
Cashflow/yr	£2,631£2,631
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £43K to £190K, average is £105.6K. £644/m² to £2.6K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£102K	05/23	0 mi	63, Anchor Drive, Tipton, West Midlands DY4 7RD	£1,727	59	2	Flat
£92K	10/21	0 mi	125, Anchor Drive, Tipton, West Midlands DY4 7RD	£1,643	56	2	Flat
£86K	06/21	0 mi	101, Anchor Drive, Tipton, West Midlands DY4 7RD	£1,365	63	2	Flat
£100K	05/23	0 mi	65, Anchor Drive, Tipton, West Midlands DY4 7RD	£2,632	38	2	Flat
£106.3K	05/25	0.02 mi	87, Anchor Drive, Tipton DY4 7RD	£1,455	73	2	Flat
£106.3K	05/25	0.02 mi	87, Anchor Drive, Tipton DY4 7RD	-	-	2	Flat
£122K	08/24	0.03 mi	109, Anchor Drive, Tipton DY4 7RD	£1,848	66	2	Flat
£90K	11/23	0.23 mi	28, Lissimore Drive, Tipton, West Midlands DY4 7SX	£1,607	56	2	Flat
£111K	08/23	0.24 mi	34, Tudor Street, Tipton, West Midlands DY4 8UT	-	-	2	Flat
£78K	09/23	0.27 mi	61, Tudor Court, Tipton, West Midlands DY4 8UX	£1,333	59	2	Flat
£110K	03/25	0.27 mi	63, Tudor Court, Tipton DY4 8UX	-	-	2	Flat
£110K	03/25	0.27 mi	63, Tudor Court, Tipton DY4 8UX	£1,803	61	2	Flat
£43K	06/23	0.39 mi	18, Fernwood Croft, Tipton, West Midlands DY4 8LL	£644	67	2	Flat
£65K	03/23	0.39 mi	7, Fernwood Croft, Tipton, West Midlands DY4 8LL	£1,066	61	2	Flat
£77K	08/22	0.4 mi	19, Oakthorpe Gardens, Tividale, Oldbury, West Midlands B69 2LE	-	-	2	Flat
£60.3K	03/25	0.41 mi	3, Fernwood Croft, Tipton DY4 8LL	£913	66	2	Flat
£60.3K	03/25	0.41 mi	3, Fernwood Croft, Tipton DY4 8LL	-	-	2	Flat
£105K	08/22	0.41 mi	55, Oakthorpe Gardens, Tividale, Oldbury, West Midlands B69 2LF	-	-	2	Flat
£70K	08/24	0.6 mi	76, Birmingham Road, Dudley DY1 4RF	£1,129	62	2	Flat
£140K	11/24	0.66 mi	28, Messiter Way, Dudley DY1 4SY	£2,258	62	2	Flat
£140K	11/24	0.66 mi	28, Messiter Way, Dudley DY1 4SY	-	-	2	Flat
£155K	11/24	0.67 mi	5, Butler Close, Dudley DY1 4ST	£2,583	60	2	Flat
£155K	11/24	0.67 mi	5, Butler Close, Dudley DY1 4ST	-	-	2	Flat
£75.5K	04/25	0.69 mi	40, Leasowe Road, Tipton DY4 8PW	£1,606	47	2	Flat
£75.5K	04/25	0.69 mi	40, Leasowe Road, Tipton DY4 8PW	-	-	2	Flat
£115K	03/25	0.72 mi	37, Bedford Street, Tipton DY4 7NX	-	-	2	Flat
£74K	09/24	0.72 mi	45, Temple Way, Tividale, Oldbury B69 3JR	-	-	2	Flat
£187K	03/24	0.74 mi	Bourne Hall, 32, Mallows Grove, Dudley DY1 4SU	£2,493	75	2	Flat
£190K	03/24	0.74 mi	Bourne Hall, 16, Mallows Grove, Dudley DY1 4SU	£2,533	75	2	Flat
£187K	03/24	0.74 mi	32, Bourne Hall, Mallows Grove, Dudley DY1 4SU	-	-	2	Flat
£145.5K	10/22	0.74 mi	41, Park Moor Gardens, Dudley, West Midlands DY1 4AH	£2,509	58	2	Flat
£105K	12/22	0.74 mi	55, Darbys Way, Tipton, West Midlands DY4 7NY	£1,909	55	2	Flat
£112.5K	10/22	0.74 mi	49, Darbys Way, Tipton, West Midlands DY4 7NY	£2,097	54	2	Flat
£125K	03/25	0.78 mi	47, Sannders Crescent, Tipton DY4 7NT	£2,232	56	2	Flat
£125K	03/25	0.78 mi	47, Sannders Crescent, Tipton DY4 7NT	-	-	2	Flat
£125K	03/25	0.78 mi	47, Sannders Crescent, Tipton, West Midlands DY4 7NT	£2,232	56	2	Flat
£118.5K	10/22	0.81 mi	93, Regent Road, Tividale, Oldbury, West Midlands B69 1TS	-	-	2	Flat
£53.8K	12/22	0.81 mi	38, Vernon Avenue, Tipton, West Midlands DY4 8EJ	£843	64	2	Flat
£105K	07/25	0.82 mi	7, Park Avenue, Tipton DY4 8PG	-	-	2	Flat
£134K	08/24	0.82 mi	93, Regent Road, Oldbury B69 1TS	£2,094	64	2	Flat
£134K	08/24	0.82 mi	93, Regent Road, Oldbury B69 1TS	£2,094	64	2	Flat
£134K	08/24	0.82 mi	93, Regent Road, Oldbury B69 1TS	-	-	2	Flat
£120K	05/23	0.84 mi	39, New Cross Street, Tipton, West Midlands DY4 8PZ	£2,098	57	2	Flat
£74K	09/24	0.85 mi	45, Temple Way, Tividale, Oldbury, West Midlands B69 3JR	£1,057	70	2	Flat
£90K	08/21	0.89 mi	53, Ferguson Drive, Tipton, West Midlands DY4 7NS	£1,882	48	2	Flat
£110K	10/24	0.89 mi	19, Ferguson Drive, Tipton, West Midlands DY4 7NS	£1,692	65	2	Flat
£90K	09/21	0.89 mi	67, Ferguson Drive, Tipton, West Midlands DY4 7NS	£1,166	77	2	Flat
£95K	07/21	0.89 mi	69, Ferguson Drive, Tipton, West Midlands DY4 7NS	£1,733	55	2	Flat
£72K	06/21	0.9 mi	78, Peel Way, Tividale, Oldbury, West Midlands B69 3JY	-	-	2	Flat
£92.5K	10/24	0.92 mi	Heron House, Flat 11, Bell Street, Tipton, West Midlands DY4 8JG	£1,681	55	2	Flat

Local Rents

50 rents from £505/mo to £1.1K/mo, average is £900/mo.

Rent	Date	Distance	Address	Beds	Type
£795	10/25	0 mi	Anchor Drive, Tipton	2	Flat
£850	10/25	0 mi	Anchor Drive, Tipton	2	Flat
£775	05/24	0 mi	Anchor Drive, TIPTON	2	Flat
£850	08/25	0 mi	Anchor Drive, Tipton	2	Flat
£950	09/25	0 mi	Anchor Drive, Tipton, Dudley	2	Terraced House
£895	10/25	0.01 mi	-	2	Flat
£950	09/25	0.01 mi	Anchor Drive, Tipton, DY4	2	Flat
£895	10/25	0.01 mi	Anchor Drive, Tipton, DY4	2	Flat
£900	04/24	0.05 mi	Hawkins Croft, Tividale Quays, Tipton	2	House
£900	07/25	0.06 mi	Wynn-Griffith Drive, TIPTON	2	House
£850	06/25	0.07 mi	Damson Wharf, TIPTON	2	Terraced House
£850	09/25	0.08 mi	Damson Wharf, Dudley Port, Tipton, West Midlands	2	Terraced House
£950	06/25	0.14 mi	Monins Avenue, DY4	2	Terraced House
£950	09/23	0.15 mi	Dudley Port, Tipton, DY4 7RF	2	Terraced House
£950	08/25	0.15 mi	Dudley Port, Tipton, DY4 7RF	2	Terraced House
£850	03/24	0.18 mi	Tividale Street, Tipton DY4	2	Flat
£900	11/25	0.18 mi	Tividale Street, TIPTON	2	House
£925	03/24	0.18 mi	Tividale Street, TIPTON	2	House
£850	03/24	0.19 mi	Tividale Street, Tipton, West Midlands, DY4	2	Semi-Detached House
£900	08/25	0.2 mi	Groveland Road, Tipton	2	Flat
£1,150	11/25	0.21 mi	-	2	Semi-Detached House
£800	04/25	0.22 mi	-	2	Flat
£900	09/25	0.22 mi	-	2	Flat
£975	07/25	0.22 mi	Groveland Road, Tipton, DY4	2	Flat
£900	07/25	0.22 mi	Groveland Road, Tipton, DY4	2	Flat
£795	03/24	0.22 mi	Brindlefields Way, Tipton	2	Flat
£505	08/25	0.23 mi	Lissimore Drive, Tipton	2	Flat
£900	07/25	0.23 mi	Anita Avenue, Tipton, West Midlands, DY4 7XH	2	Terraced House
£800	07/25	0.24 mi	Tudor Street, Tipton	2	Flat
£925	10/25	0.24 mi	Anita Avenue, TIPTON	2	House
£925	08/25	0.24 mi	Crewe Drive, Tipton	2	Terraced House
£895	03/24	0.25 mi	Brindlefields Way, Tipton	2	Semi-Detached House
£625	08/25	0.25 mi	Tudor Court, Tipton, DY4	2	Flat
£675	07/25	0.26 mi	Tudor Court, Tipton, DY4 8UU	2	Flat
£725	10/25	0.27 mi	Tudor Court, TIPTON	2	Flat
£695	11/25	0.27 mi	Tudor Court Dudley Port, Tipton, DY4	2	Flat
£950	07/25	0.28 mi	Charlotte Close, Tividale, Oldbury, B69	2	Terraced House
£1,050	12/24	0.29 mi	-	2	Semi-Detached House
£975	10/25	0.29 mi	Alexandra Way, Tividale, Oldbury, B69 2LX	2	Terraced House
£675	07/25	0.29 mi	Dudley Port, Tipton, DY4	2	Flat
£625	08/25	0.3 mi	Charlotte Close, Oldbury, West Midlands	2	Semi-Detached House
£900	12/24	0.31 mi	-	2	Terraced House
£850	10/25	0.34 mi	Walford Street, Oldbury, West Midlands, B69	2	Terraced House
£995	12/24	0.34 mi	-	2	Terraced House
£800	08/25	0.34 mi	Elizabeth Mews, Oldbury	2	Semi-Detached House
£975	08/25	0.34 mi	Elizabeth Mews, Tividale, Oldbury, B69 2NA	2	Terraced House
£675	08/25	0.37 mi	Tividale Road, Tipton, DY4	2	Room
£975	03/25	0.37 mi	-	2	Semi-Detached House
£1,000	04/24	0.38 mi	-	2	Flat
£930	03/25	0.38 mi	-	2	Semi-Detached House

Local Area Statistics

Population in DY4	43,16143,161
Town centre distance	0.95 miles away0.95 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.49 miles away0.49 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+21%+21%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+52%+52%

Property History

Listed for £107,500

November 26, 2024

Floor Plans

Description

IMMACULATELY MAINTAINED & VERY WELL PRESENTED, APARTMENT +
MODERN WELL FITTED KITCHEN +
ATTRACTIVELY APPOINTED BATHROOM +
FANTASTIC INVESTMENT OPPORTUNITY +
SECURE SECOND FLOOR LOCATION +
PLEASANTLY SITUATED WITHIN THIS MODERN DEVELOPMENT +
EXCELLENT RANGE OF AMENITIES & TRANSPORT LINKS CLOSE BY +

This IMMACULATELY MAINTAINED & VERY WELL PRESENTED, TWO BEDROOM APARTMENT enjoys a SECURE SECOND FLOOR POSITION within this MODERN & SOUGHT AFTER DEVELOPMENT, which has an EXTENSIVE RANGE of LOCAL AMENITIES & EXCELLENT TRANSPORT LINKS close by, and furthermore encompasses a DECEPTIVELY SPACIOUS & VERY WELL PROPORTIONED layout of accommodation. This MOST APPEALING & WELL MAINTAINED PROPERTY in brief comprises: Communal Hall, Stairs & Landing, Flats Own Hall, Attractive Sitting Room with Dining Area, Modern Well Fitted Kitchen, Two Well Proportioned Bedrooms & White Suite Bathroom. This FANTASTIC INVESTMENT OPPORTUNITY also benefits from Allocated Off Road Parking, Communal Gardens and Grounds, Double Glazing & Electric Storage Heaters. EPC: C/ Council Tax Band: A. Broadband / Mobile Coverage: According to Ofcom (the office of communications), standard, superfast & ultrafast broadband is available at this property. Tenure: Leasehold with an annual ground rent of £125 per year, an annual service charge of £1116 per year and with 105 years remaining on the lease. ROOM DIMENSIONS Hall Sitting Room 13' 1'' x 16' 10'' (3.98m x 5.13m) Kitchen 8' 8'' x 6' 2'' (2.64m x 1.88m) Bedroom 1 11' 6'' x 11' 6'' (3.50m x 3.50m) Bedroom 2 11' 2'' x 9' 9'' (3.40m x 2.97m) Bathroom 6' 7'' x 6' 2'' (2.01m x 1.88m) OUTSIDE Allocated Off Road Parking Communal Grounds ALL MEASUREMENTS TAKEN AT WIDEST AVAILABLE POINTS

Agent Details

Taylors Estate Agents, Brierley Hill

01384 437316

Next Steps?

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