2 Bed Flat, Single Let, Kidderminster, DY11 6RY, £120,000

Park Lane, Kidderminster, DY11 6RY - 3 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£39.5K - £208K
Sold Prices/m²£1.4K/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£140,688
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£34,800

 

 

Cash Out

 

Rent Range

£550 - £1,100

Rent Estimate

£700

Running Costs/mo

£535

Cashflow/mo

£165

Cashflow/yr

£1,980

ROI

6%

Gross Yield

7%

Local Sold Prices

41 sold prices from £39.5K to £208K, average is £105K. £1.4K/m² to £2.8K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£130K02/230.11 miFlat 21, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£117K07/220.11 miFlat 32, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£117K11/210.12 miFlat 34, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£112K11/200.12 miFlat 30, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£110K08/220.12 miFlat 2, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£110K11/220.27 mi35, Perrett Walk, Kidderminster, Worcestershire DY11 6SA2
£125K02/230.28 mi37, Perrett Walk, Kidderminster, Worcestershire DY11 6SA2
£120K05/230.32 mi4, Quayle Court, Kidderminster, Worcestershire DY11 6SQ2
£98K01/210.38 miFlat 4, Mill Bank Court, Mill Street, Kidderminster, Worcestershire DY11 6GA2
£106K03/210.45 miFlat 9, Wellington Court, Sutton Road, Kidderminster, Worcestershire DY11 6QP2
£106K10/220.48 mi192a, Offmore Road, Kidderminster, Worcestershire DY10 1SB2
£95K10/220.48 mi29, Blakebrook Gardens, Kidderminster, Worcestershire DY11 6RF2
£72K02/210.49 miFlat 5, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH2
£65K03/210.49 miFlat 7, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH2
£105K10/200.58 mi5, Stewart Court, Kidderminster, Worcestershire DY10 1UR2
£80K06/220.6 mi1, Poplar Road, Kidderminster, Worcestershire DY11 6ND2
£208K10/200.66 mi15, Northumberland Avenue, Kidderminster, Worcestershire DY11 7AN2
£95K07/230.72 mi15, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD2
£107K03/230.72 mi1, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD2
£147.5K11/200.79 miFlat 11, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£170K09/220.79 miFlat 17, Fairways Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£175K08/220.79 miFlat 7, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£84.6K12/220.83 mi12a, Chaddesley Gardens, Kidderminster, Worcestershire DY10 3AJ2
£165K10/200.86 miFlat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD2
£165K10/200.86 miFlat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD2
£86K01/210.91 mi1, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£126K11/220.91 mi7, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£108.5K08/210.91 mi11, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£85K08/210.93 mi68, Beaulieu Close, Kidderminster, Worcestershire DY11 5EE2
£39.5K12/220.95 miFlat 49, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£42K12/200.95 miFlat 21, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£48K04/230.95 miFlat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£46.5K10/200.95 miFlat 9, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£48.5K12/210.95 miFlat 16, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£44K12/200.95 miFlat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£40.5K03/210.95 miFlat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£43.5K11/200.95 miFlat 31, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£55K04/230.95 miFlat 6, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£150K06/210.96 mi43a, Linden Avenue, Kidderminster, Worcestershire DY10 3AA2
£40K08/220.97 miFlat 60, Champney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LW2
£42.5K09/210.97 miFlat 59, Champney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LW2

Local Rents

45 rents from £550/mo to £1.1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£82512/240.02 miPark Lane, Kidderminster, DY112
£80012/240.04 miPark Street, KIDDERMINSTER2
£80012/240.04 miPark Street, KIDDERMINSTER2
£85003/250.17 mi-2
£80003/240.17 mi-2
£80003/240.17 mi-2
£80012/240.17 mi-2
£80012/240.17 mi-2
£85011/240.17 mi-2
£72512/240.23 miHigh Street, KIDDERMINSTER2
£85003/250.24 mi-2
£85012/240.3 miBewdley Road, KIDDERMINSTER2
£77512/240.31 miHume Street, KIDDERMINSTER2
£55012/240.31 miHume Street, KIDDERMINSTER2
£74512/240.32 miMill Lane, Kidderminster, DY112
£87512/240.33 mi-2
£82502/250.33 mi-2
£87502/250.34 mi-2
£77503/230.34 mi-2
£77503/230.34 mi-2
£85006/240.34 mi-2
£87504/250.34 mi-2
£1,10001/250.39 mi-2
£80012/240.41 miGeorge Street, KIDDERMINSTER2
£72503/240.41 miSt Andrews Green, Kidderminster, Worcestershire, DY102
£91001/250.42 mi-2
£82512/240.44 miWoodfield Street, Kidderminster, DY112
£82503/240.44 mi-2
£75012/240.44 miRay Mercer Way, Kidderminster, Worcestershire2
£70003/230.44 mi-2
£72512/240.45 miEast Street, Kidderminster, Worcestershire, DY102
£85012/240.46 miSutton Road, Kidderminster, DY112
£80012/240.46 miSutton Road, Kidderminster, DY112
£1,10003/240.47 miLeswell Lane, KIDDERMINSTER2
£72503/240.49 miOffmore Road, KIDDERMINSTER2
£80012/240.53 mi-2
£75003/230.55 mi-2
£87512/240.57 miMason Road, Kidderminster, DY112
£89512/240.57 miLea Street, Kidderminster, Worcestershire, DY102
£80009/240.59 mi-2
£80012/240.61 miPoplar Road, KIDDERMINSTER2
£80012/240.61 miPoplar Road, KIDDERMINSTER2
£85012/240.61 mi-2
£85012/240.61 mi-2
£79503/240.62 mi39 Farfield,Kidderminster,DY10 1UQ2

Local Area Statistics

Population in DY11

30,309

Population in Kidderminster

74,037

Town centre distance

0.54 miles away

Nearest school

0.30 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Listed for £120,000

December 26, 2024

Floor Plans

Description

  • TWO BEDROOM APARTMENT IN IDEAL LOCATION +
  • SPACIOUS OPEN-PLAN KITCHEN/LOUNGE +
  • GAS CENTRAL HEATING & DOUBLE GLAZING +
  • ALLOCATED PARKING TO THE FRONT +
  • SMALL COMMUNAL COURTYARD +

SUMMARY
Cosy yet spacious apartment, located ideally for amenities, with Kidderminster Town Centre within walking distance, and public transport routes providing easy access to surrounding areas.

DESCRIPTION
Cosy two bedroom apartment situated ideally with Kidderminster Town centre within walking distance and public transport routes running regularly to provide easy access to surrounding areas. Offering well-maintained communal areas with a secure door to the front. Stepping inside, a welcoming hallway leads off to a spacious open-plan kitchen/lounge, two double bedrooms and a bathroom. Gas central heating and double glazing throughout. Externally, Burrows Court offers a small communal courtyard to the rear and allocated parking to the front.

Entrance Hall 
Spacious and welcoming hallway with fitted carpet, built-in storage cupboard, two ceiling light points and a panelled radiator.

Open-Plan Kitchen / Lounge 18' 11" x 11' 4" ( 5.77m x 3.45m )
Fitted kitchen offering a range of wall and base units and ample work surfaces. Inset sink and drainer unit, integrated oven, hob and extractor fan and plumbing for a washing machine. Vinyl flooring, ceiling light point and a double glazed window to the side.
Lounge area with fitted carpet, panelled radiator, ceiling light point and two double glazed doors to the front leading to Juilette balconies.

Bedroom One 12' 11" x 10' 6" ( 3.94m x 3.20m )
Double bedroom offering fitted carpet, ceiling light point, panelled radiator and double glazed windows to the rear and side.

Bedroom Two 9' x 8' 5" ( 2.74m x 2.57m )
Offering fitted carpet, ceiling light point, panelled radiator and a double glazed window to the rear.

Bathroom 
White suite comprising a wash hand basin, WC and panelled bath with electric shower over and fitted glass screen. Partially tiled walls, vinyl flooring, ceiling light point and a panelled radiator. Double glazed frosted window to the rear.

Outside  
Small communal courtyard to the rear and allocated parking to the front.

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, Kidderminster

01562 541721

Next Steps?

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