2 Bed Flat, Single Let, West Bromwich, B70 9AG, £125,000
125, Poets Court, Old Meeting Street, West Bromwich, B70 9AG - 4 months ago
Sold STC
Leasehold
BTL
ROI: 7%
~68 m²





+5 photos
ValuationFair Value
Sold Prices | £57K - £131K |
Sold Prices/m² | £1.1K/m² - £2.2K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1.8K/m² |
Value Estimate | £126,068 |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £31,250 |
Stamp Duty & Legal Fees | £4,950 |
Total Cash In | £36,200 |
| |
Cash Out | |
Rent Range | £795 - £1,250 |
Rent Estimate | £795 |
Running Costs/mo | £570 |
Cashflow/mo | £225 |
Cashflow/yr | £2,705 |
ROI | 7% |
Gross Yield | 8% |
Local Sold Prices
22 sold prices from £57K to £131K, average is £98.4K. £1.1K/m² to £2.2K/m², average is £1.9K/m².
Local Rents
27 rents from £795/mo to £1.3K/mo, average is £1K/mo.
Local Area Statistics
Population in B70 | 27,772 |
Population in West Bromwich | 58,705 |
Town centre distance | 0.47 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 0.16 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +13% |
Sales demand | Balanced market |
Capital growth (5yrs) | +33% |
Property History
Listed for £125,000
December 26, 2024
Floor Plans

Description
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