2 Bed Flat, Single Let, Smethwick, B66 4SL, £130,000

Kinsey Road, SMETHWICK, B66 4SL - 4 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 8%
~68 m²
+9 photos

ValuationFair Value

Sold Prices£55.5K - £277K
Sold Prices/m²£1.1K/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£130,752

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£37,600

 

 

Cash Out

 

Rent Range

£700 - £2,250

Rent Estimate

£850

Running Costs/mo

£596

Cashflow/mo

£254

Cashflow/yr

£3,045

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £55.5K to £277K, average is £116K. £1.1K/m² to £2.7K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£103K02/220.05 mi200, Cape Hill, Smethwick, West Midlands B66 4SJ2
£104K08/220.05 mi212, Cape Hill, Smethwick, West Midlands B66 4SJ2
£101K05/210.05 mi210, Cape Hill, Smethwick, West Midlands B66 4SJ2
£140K07/210.41 mi20, Brewers Square, Birmingham, West Midlands B16 0PN2
£120K02/230.47 mi17, Barnstaple Road, Smethwick, West Midlands B66 3HN2
£105K08/220.55 mi39, Bellefield Road, Birmingham, West Midlands B18 4EL2
£148K06/230.74 miFlat 20, Gaiety House, Regent Street, Smethwick, West Midlands B66 3BF2
£123K06/210.75 mi49, Hickory Drive, Birmingham, West Midlands B17 8HL2
£70.5K01/230.75 mi35, Hickory Drive, Birmingham, West Midlands B17 8HL2
£85K10/200.88 mi9, Roslyn Close, Smethwick, West Midlands B66 3AR2
£55.5K12/210.96 miFlat 4, Louis Court, South Road, Smethwick, West Midlands B67 7BT2
£143.5K03/210.98 miFlat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£130K10/210.99 miFlat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE2
£135K11/200.99 miFlat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£147K08/210.99 miFlat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£60K05/231.02 miFlat 54, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£69.5K05/221.02 miFlat 23, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£76.5K08/211.02 miFlat 1, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£67.5K02/211.02 miFlat 36, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K06/211.02 miFlat 26, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K08/231.02 miFlat 31, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K10/221.02 miFlat 28, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£77.5K11/231.02 miFlat 18, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70.5K12/221.02 miFlat 52, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£65K09/211.02 miFlat 35, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K09/221.02 miFlat 58, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£57.5K08/221.02 miFlat 15, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£65K01/221.02 miFlat 34, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£56.5K08/221.02 miFlat 27, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£167K11/201.12 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/211.12 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/211.12 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/231.12 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£255.5K02/211.13 miFlat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG2
£160K03/211.13 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/231.13 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/231.13 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£135K04/211.14 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£135K04/211.14 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£270K11/221.15 miApartment 17, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£107K02/221.16 mi60, Ford Street, Smethwick, West Midlands B67 7QY2
£112K03/231.29 miFlat 4, Warley House, Abbey Road, Smethwick, West Midlands B67 5LN2
£255K06/211.33 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/221.33 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£125K12/211.41 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/201.41 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£144.9K06/211.45 miFlat 1, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2
£153.5K06/211.45 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£144.9K06/211.45 miFlat 1, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2
£140K12/201.45 miFlat 2, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2

Local Rents

50 rents from £700/mo to £2.3K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£85001/250.01 mi-2
£95011/240.06 mi-2
£1,15003/250.14 mi-2
£1,05002/250.15 mi-2
£1,10003/250.15 mi-2
£1,10004/250.15 mi-2
£99502/240.21 mi-2
£99502/240.21 mi-2
£99502/240.21 mi-2
£95504/250.22 mi-2
£85012/240.22 miHerbert James Close, Smethwick, B662
£85003/240.22 mi-2
£85003/240.22 mi-2
£88012/240.22 mi-2
£92503/250.22 mi-2
£92503/250.22 mi-2
£92503/250.22 mi-2
£92503/250.22 mi-2
£92503/250.22 mi-2
£1,39512/240.23 miHerbert James Close, Smethwick, B662
£90012/240.23 miHerbert James Close, SMETHWICK2
£1,00012/240.25 miMaynard Road, Butlers Walk, Edgbaston2
£1,20012/240.3 miWindmill Lane, Smethwick, West Midlands, B662
£1,10012/240.3 miSouthfield Road, Edgbaston2
£1,05003/250.3 mi-2
£99512/240.31 miLaxey Road, BIRMINGHAM2
£87501/250.37 mi-2
£79512/240.38 miCity Road Edgbaston B16 0NW2
£1,00012/240.38 miBrewers Square, Edgbaston, B162
£70012/240.39 miCape Hill, Smethwick, West Midlands, B662
£1,10012/240.41 miWaterloo Road, Smethwick, Birmingham2
£1,05012/240.41 miJohn Guest Close, Smethwick, B662
£1,15012/240.41 miCorbett Street, Smethwick, B662
£1,15003/240.41 mi-2
£1,07501/250.42 mi-2
£1,15012/240.42 miCorbett Street, SMETHWICK2
£95003/240.43 mi-2
£95012/240.43 miChiswell Road, Birmingham, B182
£95012/240.45 miHeath Street, BIRMINGHAM2
£90012/240.46 miClarendon Road, Smethwick2
£1,15001/250.47 mi-2
£1,15001/250.47 mi-2
£1,30004/250.5 mi-2
£1,90003/250.53 mi-2
£1,00001/250.55 mi-2
£89512/240.57 miWaterloo Road, Smethwick2
£1,25001/250.58 mi-2
£2,25004/250.58 mi-2
£95001/250.58 mi-2
£1,00004/250.59 mi-2

Local Area Statistics

Population in B66

21,335

Population in Smethwick

51,344

Town centre distance

0.76 miles away

Nearest school

0.10 miles away

Nearest train station

0.78 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+32%

Property History

Price changed to £130,000

February 24, 2025

Listed for £135,000

December 26, 2024

Description

  • MODERN TWO BEDROOM APARTMENT +
  • MASTER WITH ENSUITE +
  • GROUND FLOOR +
  • ALLOCATED PARKING +
  • IDEAL FOR FIRST TIME BUYERS +
  • GREAT INVESTMENT OPPORTUNITY +

SUMMARY
*FANTASTIC TWO BEDROOM APARTMENT * LOUNGE*** KITCHEN AREA** ENSUITE TO MASTER BEDROOM ALLOCATED PARKING SPACE IDEAL FOR FIRST TIME BUYERS GREAT TRANSPORT LINKS TO BIRMINGHAM CITY CENTRE GREAT BUY TO LET INVESTMENT * SITUATED CLOSE TO THE NEW METROPOLITAN SUPER HOSPITAL***

DESCRIPTION
This fantastic two bedroom ground floor apartment, is situated close to the new Metropolitan Super Hospital, also offering Great transport links to Birmingham City Centre. The property is also in close proximity to local amenities such as shops and schools. This property would be ideal for first time buyers or buy to let investors.

On approach is a communal entrance hallway leading to the apartment which comprises in more detail, Entrance Hallway leading to the lounge, kitchen, Two bedrooms, master with ensuite and Bathroom. There is also an allocated parking space within the grounds offering off road parking.

This is an excellent property in both its location and accommodation available, and is offered to the market with no onward chain. Viewing is highly recommended.

Agent Note 
this property is council tax band B.

Lounge/Diner 14' 9" x 14' 3" ( 4.50m x 4.34m )
open plan. double glazed window to front.

Kitchen 8' 7" x 5' 7" ( 2.62m x 1.70m )
double glazed window to front, range of wall and base units, sink and drainer unit, electric hob & oven, plumbing for washing machine.

Bedroom 1 With En-Suite 16' 2" x 12' 7" ( 4.93m x 3.84m )
double glazed window to side, central heating radiator. En-suite: double glazed window to rear, low level flush w/c, hand wash absin, shower cubical.

Bedroom 2 11' 2" x 8' 6" ( 3.40m x 2.59m )
double glazed window to side, central heating radiator.

Bathroom 
double glazed window to rear, low level flush w/c, hand wash basin, bath with mixer taps.

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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Shipways, Harborne

0121 387 6295

Next Steps?

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