2 Bed Flat, Single Let, Oldbury, B69 4SD, £110,000





ValuationUndervalued
Sold Prices | £53.5K - £137.5K |
Sold Prices/m² | £963/m² - £2.8K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1.6K/m² |
Value Estimate | £119,149 |
BMV | 8% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £27,500 |
Stamp Duty & Legal Fees | £6,700 |
Total Cash In | £34,200 |
| |
Cash Out | |
Rent Range | £650 - £1,200 |
Rent Estimate | £775 |
Running Costs/mo | £519 |
Cashflow/mo | £256 |
Cashflow/yr | £3,075 |
ROI | 9% |
Gross Yield | 8% |
Local Sold Prices
25 sold prices from £53.5K to £137.5K, average is £105K. £963/m² to £2.8K/m², average is £1.7K/m².
Local Rents
14 rents from £650/mo to £1.2K/mo, average is £825/mo.
Local Area Statistics
Population in B69 | 29,011 |
Population in Oldbury | 59,935 |
Town centre distance | 0.28 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 0.75 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +16% |
Sales demand | Balanced market |
Capital growth (5yrs) | +28% |
Property History
Price changed to £110,000
January 31, 2025
Listed for £120,000
December 3, 2024
Description
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