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

Ashwood Close, Oldbury, B69 4SD - 2 views - 5 months ago

Leasehold
BTL
ROI: 9%
~68 m²
+1 photos

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
BMV8%

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.

PriceDateDistanceAddressBeds 
£114K04/210 mi35, Ashwood Close, Oldbury, West Midlands B69 4SD2
£117.5K05/230 mi36, Ashwood Close, Oldbury, West Midlands B69 4SD2
£122K08/220.01 mi387, Titford Road, Oldbury, West Midlands B69 4QW2
£133.5K12/220.02 mi395, Titford Road, Oldbury, West Midlands B69 4QW2
£122.5K09/220.02 mi14, Ashwood Close, Oldbury, West Midlands B69 4SD2
£70K12/200.15 mi18, Titford Lane, Rowley Regis, West Midlands B65 0PT2
£92.5K12/220.16 mi18, Titford Lane, Rowley Regis, West Midlands B65 0PT2
£80K06/220.16 mi55, Winchester Close, Rowley Regis, West Midlands B65 0PW2
£73K07/220.16 mi52, Winchester Close, Rowley Regis, West Midlands B65 0PW2
£70K12/200.17 mi48, Winchester Close, Rowley Regis, West Midlands B65 0PW2
£136K02/230.18 mi101, Durham Road, Rowley Regis, West Midlands B65 0SH2
£92K11/220.18 mi77, Durham Road, Rowley Regis, West Midlands B65 0SH2
£70K07/220.18 mi21, Durham Road, Rowley Regis, West Midlands B65 0SH2
£85K11/210.33 miFlat 7, Penncricket Court, Penncricket Lane, Oldbury, West Midlands B68 8LX2
£137.5K09/220.4 miFlat 1, Brandhall Court, Wolverhampton Road, Oldbury, West Midlands B68 8DE2
£85K11/220.71 mi20, Martley Road, Oldbury, West Midlands B69 1DZ2
£53.5K02/210.81 miFlat 11, Radnall House, Wallace Close, Oldbury, West Midlands B69 1HN2
£115K03/230.86 mi21, The Pineways, Oldbury, West Midlands B69 1JL2
£73K11/210.88 mi51, Warwick Close, Oldbury, West Midlands B68 8NH2
£105K06/220.88 mi34, Warwick Close, Oldbury, West Midlands B68 8NH2
£118K04/210.9 miFlat 3, Brandhall Court, Wolverhampton Road, Oldbury, West Midlands B68 8DE2
£131K10/220.9 miFlat 24, Brandhall Court, Wolverhampton Road, Oldbury, West Midlands B68 8DE2
£117K04/220.9 miFlat 18, Brandhall Court, Wolverhampton Road, Oldbury, West Midlands B68 8DE2
£118K04/210.9 miFlat 3, Brandhall Court, Wolverhampton Road, Oldbury, West Midlands B68 8DE2
£58.8K02/210.95 mi18, Portway Road, Rowley Regis, West Midlands B65 9DB2

Local Rents

14 rents from £650/mo to £1.2K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£82512/240.02 miTitford Road, Oldbury, Birmingham2
£70004/250.18 mi-2
£65012/240.18 miDurham Road, Rowley Regis2
£80001/240.2 mi-2
£89512/240.32 miWitley Crescent, Oldbury2
£1,20012/240.33 miPenncricket Lane, Oldbury2
£77512/240.33 miPenncricket Lane, Oldbury, West Midlands, B682
£90012/240.44 miCauseway Green Road, Oldbury, West Midlands, B682
£92512/240.5 miArden Grove, Oldbury, B69 4SX2
£77512/240.51 miLangley High Street, Oldbury, West Midlands, B692
£89504/250.55 mi-2
£82512/240.55 miBroad Street, Oldbury, West Midlands, B692
£82512/240.55 miBroad Street, Oldbury, West Midlands, B692
£95012/240.56 miCross Street, Oldbury2

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

  • TWO BEDROOM +
  • FIRST FLOOR FLAT +
  • NO CHAIN +
  • CALL TODAY TO ARRANGE A VIEWING +
  • GOOD INVESTMENT OR FTB PURCHASE +
  • LONG LEASE +
  • EPC RATING B +

SUMMARY
THIS TWO BEDROOM APARTMENT OFFERS THE PERFECT OPPORTUNITY FOR A FTB OR INVESTOR TO PURCHASE A WELL PROPORTIONED PROPERTY WITH NO UPWARDS CHAIN

DESCRIPTION
THIS TWO BEDROOM APARTMENT OFFERS THE PERFECT OPPORTUNITY FOR A FTB OR INVESTOR TO PURCHASE A WELL PROPORTIONED PROPERTY WITH NO UPWARDS CHAIN CALL TODAY ON 0121-5522671

Agents Note
This property has an offer accepted subject to contract but is still currently available to view.

Entrance Hall  
Having door to front, storage heater, two storage cupboards one housing the water tank.

Lounge  Irregular Shaped Room x ( x )
Having double glazed patio doors to Juliet balcony and storage heater.

Kitchen  7' 11" x 7' 3" ( 2.41m x 2.21m )
Wall and base units, sink/drainer integrated into work surface, integrated induction hob and oven.

Bedroom One  13' 5" max x 10' 9" ( 4.09m max x 3.28m )
Double glazed window and panel heater.

Bedroom Two  13' 5" x 7' 9" max ( 4.09m x 2.36m max )
Having double glazed window and panel heater.

Bathroom  
Bath with mixer tap, wash hand basin, low level WC and panel heater.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Oldbury

0121 387 6308

Next Steps?

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