2 Bed Flat, Single Let, Oldbury, B69 4JT, £115,000

Stone Street, Oldbury, West Midlands. B69 4JT - 4 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+2 photos

ValuationFair Value

Sold Prices£53.5K - £137.5K
Sold Prices/m²£735/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£116,287

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Total Cash In

£33,400

 

 

Cash Out

 

Rent Range

£745 - £1,250

Rent Estimate

£795

Running Costs/mo

£538

Cashflow/mo

£257

Cashflow/yr

£3,080

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £53.5K to £137.5K, average is £100.5K. £735/m² to £2.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£86K03/210.17 mi42, Flash Road, Oldbury, West Midlands B69 4AE2
£130K09/220.43 mi5, Bromford Road, Oldbury, West Midlands B69 4BH2
£105K07/220.47 mi25, Kellner Gardens, Oldbury, West Midlands B69 3DX2
£101K01/230.47 mi23, Kellner Gardens, Oldbury, West Midlands B69 3DX2
£122.5K01/210.48 mi6, Kellner Gardens, Oldbury, West Midlands B69 3DX2
£97K07/210.78 mi6, Waterways Drive, Oldbury, West Midlands B69 2EX2
£87.5K06/210.79 mi16, The Moorings, Oldbury, West Midlands B69 2DD2
£95K10/210.87 mi72, Brades Road, Oldbury, West Midlands B69 2FD2
£102K10/210.87 mi72a, Brades Road, Oldbury, West Midlands B69 2FD2
£101K03/230.92 mi55, Mehdi Road, Oldbury, West Midlands B69 2GE2
£96K12/200.92 mi4, Mehdi Road, Oldbury, West Midlands B69 2GE2
£112K11/220.94 mi117, Ashtree Road, Tividale, Oldbury, West Midlands B69 2HB2
£100K03/210.95 mi28, Summerton Road, Oldbury, West Midlands B69 2GF2
£95K04/230.95 mi18, Summerton Road, Oldbury, West Midlands B69 2GF2
£53.5K02/211.02 miFlat 11, Radnall House, Wallace Close, Oldbury, West Midlands B69 1HN2
£127K09/221.04 mi29, New Birmingham Road, Tividale, Oldbury, West Midlands B69 2JJ2
£90K03/231.05 miFlat 2, Macauley House, Glover Street, West Bromwich, West Midlands B70 6DY2
£85K11/221.08 mi20, Martley Road, Oldbury, West Midlands B69 1DZ2
£122.5K09/221.08 mi14, Ashwood Close, Oldbury, West Midlands B69 4SD2
£114K04/211.1 mi35, Ashwood Close, Oldbury, West Midlands B69 4SD2
£117.5K05/231.1 mi36, Ashwood Close, Oldbury, West Midlands B69 4SD2
£122K08/221.11 mi387, Titford Road, Oldbury, West Midlands B69 4QW2
£133.5K12/221.12 mi395, Titford Road, Oldbury, West Midlands B69 4QW2
£92.5K12/221.16 mi18, Titford Lane, Rowley Regis, West Midlands B65 0PT2
£70K12/201.17 mi18, Titford Lane, Rowley Regis, West Midlands B65 0PT2
£73K07/221.2 mi52, Winchester Close, Rowley Regis, West Midlands B65 0PW2
£80K06/221.2 mi55, Winchester Close, Rowley Regis, West Midlands B65 0PW2
£70K12/201.2 mi48, Winchester Close, Rowley Regis, West Midlands B65 0PW2
£136K02/231.22 mi101, Durham Road, Rowley Regis, West Midlands B65 0SH2
£92K11/221.23 mi77, Durham Road, Rowley Regis, West Midlands B65 0SH2
£70K07/221.23 mi21, Durham Road, Rowley Regis, West Midlands B65 0SH2
£137.5K09/221.23 miFlat 1, Brandhall Court, Wolverhampton Road, Oldbury, West Midlands B68 8DE2
£115K03/231.29 mi21, The Pineways, Oldbury, West Midlands B69 1JL2
£85K11/211.34 miFlat 7, Penncricket Court, Penncricket Lane, Oldbury, West Midlands B68 8LX2
£108K01/211.36 mi98, Pryor Road, Oldbury, West Midlands B68 9QL2
£72K06/211.36 mi78, Peel Way, Tividale, Oldbury, West Midlands B69 3JY2
£80K12/221.38 mi30, Blue Rock Place, Tividale, Oldbury, West Midlands B69 1PB2
£58.8K02/211.42 mi18, Portway Road, Rowley Regis, West Midlands B65 9DB2
£62.5K08/221.48 mi19a, Jesson Street, West Bromwich, West Midlands B70 6PR2
£120K12/211.48 mi52, Creed Way, West Bromwich, West Midlands B70 9JW2
£115K11/221.49 mi56, Creed Way, West Bromwich, West Midlands B70 9JW2
£57K01/211.5 mi35, Creed Way, West Bromwich, West Midlands B70 9JT2
£107K02/221.52 mi60, Ford Street, Smethwick, West Midlands B67 7QY2
£73K11/211.53 mi51, Warwick Close, Oldbury, West Midlands B68 8NH2
£105K06/221.53 mi34, Warwick Close, Oldbury, West Midlands B68 8NH2
£105K12/221.58 mi12, Princes Gate, West Bromwich, West Midlands B70 6HU2
£103K11/211.58 mi59, Princes Gate, West Bromwich, West Midlands B70 6HU2
£101.5K04/211.58 mi43, Princes Gate, West Bromwich, West Midlands B70 6HU2
£92.5K12/221.58 mi15, Princes Gate, West Bromwich, West Midlands B70 6HU2
£118K04/211.67 miFlat 3, Brandhall Court, Wolverhampton Road, Oldbury, West Midlands B68 8DE2

Local Rents

21 rents from £745/mo to £1.3K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£74512/240.13 miStone Street, Oldbury, West Midlands, B692
£85003/250.13 mi-2
£90012/240.17 mi-2
£90001/240.19 mi-2
£1,25012/240.43 miJohn Sullivan Way, Oldbury, B692
£99903/240.44 mi-2
£99912/240.44 miOldbury, Oldbury, B692
£1,00001/240.48 mi-2
£85012/240.49 miBirmingham Road, Oldbury, B69 4EW2
£1,10004/250.49 mi-2
£85012/240.49 miThe Crossing, Oldbury, West Midlands, B692
£1,20004/250.52 mi-2
£1,25004/250.52 mi-2
£1,00004/250.52 mi-2
£79512/240.53 miVernon Road, Oldbury, West Midlands, B682
£89502/240.57 mi-2
£79503/240.57 mi-2
£79503/240.57 mi-2
£89512/240.57 miTat Bank Road, Oldbury, B682
£79512/240.57 miTat Bank Road, Oldbury, B682
£92512/240.58 miGresham Road, Oldbury, B682

Local Area Statistics

Population in B69

29,011

Population in Oldbury

59,935

Town centre distance

0.82 miles away

Nearest school

0.20 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £115,000

January 8, 2025

Description

  • TWO BEDROOM APARTMENT +
  • WELL PRESENTED AND MODERN +
  • MASTER BEDROOM WITH ENSUITE +
  • EPC RATING: C +
  • ALLOCATED PARKING SPACE +
  • LOUNGE WITH JULIETTE BALCONY +
  • SECURE ENTRY SYSTEM +
  • INVESTORS FOCUS ON ACHIEVING MORE visit loveyourpostcode.com +
  • LANDLORDS. CALL US ON TO DISCUSS YOUR TENANT REQUIREMENTS +
  • LYP GROUP: PRIVATE PROPERTY CLUB WITH OVER 1,500 +

PROBABLY THE BEST TWO BEDROOM APARTMENT IN OLDBURY.

This superb home is arranged on the second floor of a purpose built apartment building and features high-spec contemporary interiors, generous living space and an allocated parking space.

The property comprises a generous living room, fitted kitchen including integrated appliances and a breakfast bar, entrance hall, luxurious master bedroom with en suite facilities, an additional double bedrooms, Juliette balcony, family bathroom, secure entry system; this apartment has something for everyone to desire.

Located within close proximity of Oldbury Centre, public transport links, local amenities, bars, restaurants and the social delights of the centre. Why not make this fantastic apartment your home?

Ground Rent £75 pa
Service Charge £249 Quarterly
90 Years Lease
EPC: C

Entrance Hall - Having wall mounted electric heater, built in storage cupboard, security entrance phone and laminate flooring.

Kitchen/Breakfast Room - 12' 4'' x 6' 2 (3.76m x 1.88m) - Having an array of wall mounted and floor based units, granite effect rolltop work surfaces over, stainless steel sink with drainer, part tiled splashbacks, integrated electric oven and hob with extractor hood over, integrated fridge/freezer, plumbing for washing machine, spotlights to ceiling, breakfast bar and laminate flooring.

Living Room - 12' 9'' x 9' 3 (3.88m x 2.82m) - Having double glazed window to front aspect, a julliete balcony, wall mounted electric heater, laminate flooring, built in storage cupboard, TV point and telephone point.

Bedroom 1 - 10' 9'' x 14' 1 (3.27m x 4.29m) - Having double glazed windows to side and rear aspects, wall mounted electric heater, built in mirror fronted wardrobe, fitted carpets, TV point, electricals and telephone point. Entrance to Ensuite

Ensuite - 4' 7'' x 5' 7 (1.40m x 1.70m) - Having shower cubicle, low level w.c, wash hand basin with vanity unit beneath, heated towel rail, spotlights to ceiling and laminate flooring.

Bedroom 2 - 10' 8'' x 8' 9 (3.25m x 2.66m) - Having double glazed window to front aspect, wall mounted electric heater, fitted carpets, neutral walls, built in mirrored fronted wardrobe, electric points and TV point.

Family Bathroom - 7' 0'' x 6' 9 (2.13m x 2.06m) - Having double glazed window to rear aspect, bath with shower over, low level w.c, wash hand basin with vanity unit beneath, part tiled splashbacks, heated towel rail, laminate flooring, mirror fronted units, spotlights to ceiling and shaving point.

Externally - There is a security gated allocated parking area with one allocated parking space. The building has a security intercom system providing access to main communal hallway and stairs providing access to all floors.

Further Information - Only those items mentioned within these particulars are included in the sale. All other items are excluded or may be negotiable with the vendor by separate agreement. Love Your Postcode has not tested any apparatus, equipment, fixtures, fittings or services and so cannot verify they are in working order, or fit for their purpose. The buyer is strongly advised to obtain verification from their solicitor or surveyor. Double glazing and central heating exists only where specified.

Need A Survey? - Love Your Postcode Independent Surveyors are able to offer a full range of surveys including the Homebuyer Survey & Valuation. Please phone and they will be happy to discuss your requirements with you.

Property To Sell? - If in order to purchase this property you wish to sell your existing property, please do not hesitate to contact our multi award winning group on where a member of staff will be pleased to discuss its current market value, our fees and services with you.

Agent Details

Love Your Postcode, Birmingham

0121 816 0438

Next Steps?

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