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.

PriceDateDistanceAddressBeds 
£92.5K06/210 miFlat 12, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG2
£90K02/210 miFlat 7, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG2
£97K12/210 miFlat 14, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG2
£95K08/220.16 miFlat 17, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG2
£100K10/220.32 mi134, Gladstone Street, West Bromwich, West Midlands B71 1ER2
£78K02/210.32 mi134, Gladstone Street, West Bromwich, West Midlands B71 1ER2
£95K11/220.55 mi124, Wiltshire Way, West Bromwich, West Midlands B71 1JU2
£57K01/210.59 mi35, Creed Way, West Bromwich, West Midlands B70 9JT2
£120K12/210.61 mi52, Creed Way, West Bromwich, West Midlands B70 9JW2
£115K11/220.61 mi56, Creed Way, West Bromwich, West Midlands B70 9JW2
£99.8K11/220.62 mi14, Austen Walk, West Bromwich, West Midlands B71 1RD2
£116K06/230.64 miApartment 2, Elwell House, Shropshire Way, West Bromwich, West Midlands B71 1BJ2
£131K09/230.67 miApartment 3, Ridgeacre House, Shropshire Way, West Bromwich, West Midlands B71 1BZ2
£110K05/230.69 mi9, Westley Court, West Bromwich, West Midlands B71 1HH2
£92K08/210.69 mi35, Westley Court, West Bromwich, West Midlands B71 1HH2
£120K04/220.7 mi22, Westley Court, West Bromwich, West Midlands B71 1HH2
£110K09/220.85 mi5, Barncroft Street, West Bromwich, West Midlands B70 0QJ2
£100K11/220.85 mi38, Church Vale, West Bromwich, West Midlands B71 4DB2
£85K05/210.86 mi4, Overton Place, West Bromwich, West Midlands B71 1RL2
£67K06/220.86 mi3, Overton Place, West Bromwich, West Midlands B71 1RL2
£95K07/210.87 miFlat 259, Hallam Court, Hallam Street, West Bromwich, West Midlands B71 4HT2
£106K07/220.89 mi36, St Clements Lane, West Bromwich, West Midlands B71 4EU2

Local Rents

27 rents from £795/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£95011/240.17 mi-2
£90012/240.17 mi-2
£90002/250.17 mi-2
£95003/240.22 mi-2
£1,00001/250.25 mi-2
£1,00001/250.28 mi-2
£1,10002/250.28 mi-2
£1,25012/240.28 mi-2
£1,00002/250.28 mi-2
£1,10001/250.28 mi-2
£1,00001/250.28 mi-2
£1,00001/250.28 mi-2
£1,25004/250.28 mi-2
£1,00002/250.28 mi-2
£1,00004/250.28 mi-2
£1,10004/250.28 mi-2
£1,10004/250.28 mi-2
£1,00004/250.31 mi-2
£95004/250.32 mi-2
£90012/240.42 miHayes Street, West Bromwich2
£79512/240.44 miCarters Green, WEST BROMWICH2
£90001/240.5 mi-2
£90001/240.5 mi-2
£1,00004/240.52 mi-2
£1,00012/240.52 mi-2
£1,00012/240.52 miLiberty Lane, West Bromwich, B702
£90002/250.54 mi-2

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

  • TWO BEDROOM MODERN APARTMENT +
  • OPEN PLAN LOUNGE/KITCHEN AREA +
  • SHOWER ROOM +
  • ALLOCATED PARKING SPACE +
  • IN CLOSE PROXIMITY TO BLACK LAKE METRO STATION WITH DIRECT LINKS INTO BIRMINGHAM CITY CENTRE AND WOLVERHAMPTON +
  • LONG LEASE +

SUMMARY
A well maintained two bedroom modern apartment situated in the Black Lake area on the outskirts of West Bromwich Town Centre. The property is within walking distance to Black Lake Metro Station providing easy access into Birmingham City Centre and Wolverhampton.

DESCRIPTION
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Approach 
Access to the property is gained via a communal entrance with stairs leading to the first and second floors and a door in to the apartment

Entrance Hall 
Having door , two storage cupboards and central heating radiator.

Lounge/Kitchen 20' 3" x 12' 9" ( 6.17m x 3.89m )
An open plan area with two double glazed windows to the side and rear elevations, patio doors leading to small patio area, TV point, telephone point, fully fitted kitchen with a range of wall and base units, with worksurfaces over, sink and drainer, tiling to splash prone areas, integrated oven and hob, with cookerhood over, washing machine, central heating radiators and central heating boiler.

Bedroom One 8' 1" x 20' 2" ( 2.46m x 6.15m )
Having a double glazed window to the rear elevation and central heating radiator.

Bedroom Two 7' 6" x 10' 9" ( 2.29m x 3.28m )
Having a double glazed window to the side elevation and central heating radiator.

Bathroom 6' 4" x 5' 4" ( 1.93m x 1.63m )
Having a double glazed window to the front elevation, fully tiled, walk in shower cubicle, wash hand basin, low level WC, shaver point and heated towel rail.

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

Paul Dubberley & Co, West Bromwich

0121 387 6372

Next Steps?

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