2 Bed Flat, Single Let, Kidderminster, DY11 5DA, £120,000

Marlpool Lane, Kidderminster, DY11 5DA - 1 views - 3 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£39.5K - £385K
Sold Prices/m²£1.4K/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£140,767
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£550 - £875

Rent Estimate

£753

Running Costs/mo

£546

Cashflow/mo

£207

Cashflow/yr

£2,489

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £39.5K to £385K, average is £107.8K. £1.4K/m² to £2.8K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£98K01/210.21 miFlat 4, Mill Bank Court, Mill Street, Kidderminster, Worcestershire DY11 6GA2
£110K11/220.37 mi35, Perrett Walk, Kidderminster, Worcestershire DY11 6SA2
£125K02/230.37 mi37, Perrett Walk, Kidderminster, Worcestershire DY11 6SA2
£95K10/220.38 mi29, Blakebrook Gardens, Kidderminster, Worcestershire DY11 6RF2
£85K08/210.43 mi68, Beaulieu Close, Kidderminster, Worcestershire DY11 5EE2
£120K05/230.53 mi4, Quayle Court, Kidderminster, Worcestershire DY11 6SQ2
£72K02/210.59 miFlat 5, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH2
£65K03/210.59 miFlat 7, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH2
£130K02/230.69 miFlat 21, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£117K07/220.7 miFlat 32, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£106K03/210.7 miFlat 9, Wellington Court, Sutton Road, Kidderminster, Worcestershire DY11 6QP2
£117K11/210.7 miFlat 34, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£112K11/200.7 miFlat 30, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£110K08/220.7 miFlat 2, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£106K10/220.82 mi192a, Offmore Road, Kidderminster, Worcestershire DY10 1SB2
£95K07/230.84 mi15, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD2
£107K03/230.84 mi1, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD2
£80K06/220.88 mi1, Poplar Road, Kidderminster, Worcestershire DY11 6ND2
£105K10/201.12 mi5, Stewart Court, Kidderminster, Worcestershire DY10 1UR2
£208K10/201.12 mi15, Northumberland Avenue, Kidderminster, Worcestershire DY11 7AN2
£150K06/211.2 mi43a, Linden Avenue, Kidderminster, Worcestershire DY10 3AA2
£84.6K12/221.3 mi12a, Chaddesley Gardens, Kidderminster, Worcestershire DY10 3AJ2
£147.5K11/201.33 miFlat 11, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£170K09/221.34 miFlat 17, Fairways Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£175K08/221.34 miFlat 7, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£115K11/221.36 mi33, Chapel Court, Kidderminster, Worcestershire DY10 2UQ2
£120K06/231.36 mi17, Chapel Court, Kidderminster, Worcestershire DY10 2UQ2
£86K01/211.38 mi1, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£126K11/221.38 mi7, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£108.5K08/211.38 mi11, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£165K10/201.41 miFlat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD2
£165K10/201.41 miFlat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD2
£176K06/231.52 miFlat 4, Heath House, Stourbridge Road, Kidderminster, Worcestershire DY10 2UY2
£205K06/211.52 miFlat 2, Heath House, Stourbridge Road, Kidderminster, Worcestershire DY10 2UY2
£39.5K12/221.52 miFlat 49, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£42K12/201.53 miFlat 21, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£48K04/231.53 miFlat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£46.5K10/201.53 miFlat 9, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£48.5K12/211.53 miFlat 16, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£44K12/201.53 miFlat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£40.5K03/211.53 miFlat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£43.5K11/201.53 miFlat 31, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£55K04/231.53 miFlat 6, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£40K08/221.55 miFlat 60, Champney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LW2
£42.5K09/211.55 miFlat 59, Champney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LW2
£235K09/211.57 miApartment 7, Woodhamcote Manor, Wolverley Village, Wolverley, Kidderminster, Worcestershire DY11 5XZ2
£240K12/201.57 miApartment 2, Woodhamcote Manor, Wolverley Village, Wolverley, Kidderminster, Worcestershire DY11 5XZ2
£220K06/211.57 miFlat 4, Wolverley House, Wolverley Village, Wolverley, Kidderminster, Worcestershire DY11 5XE2
£385K01/231.57 miFlat 3, Wolverley House, Wolverley Village, Wolverley, Kidderminster, Worcestershire DY11 5XE2
£85K05/231.73 mi96, Dunlin Drive, Kidderminster, Worcestershire DY10 4TA2

Local Rents

21 rents from £550/mo to £875/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£87512/240.14 miMason Road, Kidderminster, DY112
£82503/240.2 mi-2
£82512/240.2 miWoodfield Street, Kidderminster, DY112
£74512/240.27 miMill Lane, Kidderminster, DY112
£85012/240.32 miBewdley Road, KIDDERMINSTER2
£85003/250.43 mi-2
£82512/240.43 mi-2
£80003/240.49 mi-2
£80003/240.49 mi-2
£80012/240.49 mi-2
£80012/240.49 mi-2
£85011/240.49 mi-2
£82503/240.52 miWaterside Grange, KIDDERMINSTER2
£85012/240.52 miSutton Road, Kidderminster, DY112
£80012/240.52 miSutton Road, Kidderminster, DY112
£72512/240.56 miHigh Street, KIDDERMINSTER2
£80012/240.56 miPark Street, KIDDERMINSTER2
£80012/240.56 miPark Street, KIDDERMINSTER2
£77512/240.59 miHume Street, KIDDERMINSTER2
£55012/240.59 miHume Street, KIDDERMINSTER2
£82512/240.59 miPark Lane, Kidderminster, DY112

Local Area Statistics

Population in DY11

30,309

Population in Kidderminster

74,037

Town centre distance

0.95 miles away

Nearest school

0.30 miles away

Nearest train station

1.04 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Price changed to £120,000

March 24, 2025

Listed for £125,000

January 8, 2025

Floor Plans

Description

  • SECOND FLOOR (TOP) APARTMENT +
  • TWO BEDROOMS +
  • FITTED KITCHEN +
  • MODERN BATHROOM +
  • VENDOR WILL EXTENDED LEASE ON COMPLETION TO 145 YEARS +

SUMMARY
ATTENTION FIRST TIME BUYERS! PERFECT INVESTMENT OPPORTUNITY! ARRANGE YOUR VIEWING NOW! !! Comprises: secure communal entrance, well-cared-for entrance hall, spacious lounge, newly fitted kitchen, two generously sized bedrooms and a modern bathroom.

DESCRIPTION
A MODERN AND SPACIOUS APARTMENT OFFERING A BRILLIANT OPPORTUNITY FOR FIRST TIME BUYERS, INVESTORS, OR ANYONE LOOKING FOR A LOW MAINTENANCE, SECURE PROPERTY WHICH IS LOCATED WITHIN A PRIVATE COMPLEX HAVING PLEASANT AND WELL-KEPT GROUNDS, WHILE OFFERING CONVENIENT ACCESS TO THE LOCAL FACILITIES OF KIDDERMINSTER TOWN, TRAIN STATION AND ROAD NETWORK!

The apartment is located on the second floor briefly comprises: secure communal entrance, well-cared-for entrance hall, spacious lounge, newly fitted kitchen, two generously sized bedrooms and a modern bathroom. The property also benefits from allocated and communal parking, communal landscaped lawns and WILL HAVE AN EXTENDED LEASE ON COMPLETION.

Approach 
Set in a private development, apartment block sitting behind allocated and communal parking, communal garden area, well maintained landscaped lawns, foot path leading to communal entrance.

Communal Entrance 
Secure intercom entrance, staircase rising to all floors.

Entrance Hallway 
Located on the top floor (2nd floor), door onto communal hallway, fitted carpet, wall mounted thermostat, ceiling light point, storage cupboard, loft access, doors onto;

Lounge 13' x 9' 10" ( 3.96m x 3.00m )
A spacious and bright lounge having double glazed windows, fitted carpet, gas fire, TV point, ceiling light point, panelled radiator, offering ample space for dining table if required.

Fitted Kitchen 8' 5" x 7' 11" ( 2.57m x 2.41m )
A fully fitted MODERN and STYLISH kitchen having matching wall and base units, roll edge work surfaces, inset sink and drainer with mixer tap, electric cooker point with cooker hood above, plumbing for washing machine, wall mounted boiler, space for under counter fridge/ freezer, part tiled walls, double glazed window, ceiling light point.

Bedroom One 9' 11" x 9' 5" ( 3.02m x 2.87m )
Master bedroom offering ample space for bedroom furniture, having double glazed window, fitted carpet, panelled radiator, ceiling light point.

Bedroom Two 8' 11" x 8' 6" ( 2.72m x 2.59m )
Second generously sized bedroom having double glazed window, storage cupboard, ceiling light point, panelled radiator.

Bathroom 
A SMART and WELL-PRESENTED bathroom comprising of; panelled bath, low flush W/C, wash hand basin with vanity unit beneath, panelled radiator, wood effect laminate floor, ceiling light point, double glazed window.

Agent Notes 
This desirable apartment will have an EXTENDED LEASE (189 years from 25th December 1981) on completion.
Ground Rent & Service Charge; £1200 per year.

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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