2 Bed Flat, Single Let, Halesowen, B62 8PF, £135,000

22 Shenstone Flats Kent Road, Halesowen, B62 8PF - 2 views - 3 months ago

Leasehold
Auction
BTL
ROI: 7%
62 m²

ValuationOvervalued

Sold Prices£75K - £175K
Sold Prices/m²£1.3K/m² - £4.1K/m²

 

 

Square Metres

62 m²
Price/m²£2.2K/m²

Value Estimate

£125,885

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Total Cash In

£39,000

 

 

Cash Out

 

Rent Range

£725 - £1,250

Rent Estimate

£828

Running Costs/mo

£607

Cashflow/mo

£221

Cashflow/yr

£2,646

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £75K to £175K, average is £120.5K. £1.3K/m² to £4.1K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£175K10/230.45 mi279, Spies Lane, Halesowen, West Midlands B62 9BN2
£115K07/230.45 mi61, Bournebrook Crescent, Halesowen, West Midlands B62 0HZ2
£92K04/230.45 mi77, Bournebrook Crescent, Halesowen, West Midlands B62 0HZ2
£101K03/210.45 mi61, Bournebrook Crescent, Halesowen, West Midlands B62 0HZ2
£138.9K10/230.49 miFlat 9, Larkspur Court, Narrow Lane, Halesowen, West Midlands B62 9NA2
£137.5K06/230.49 miFlat 2, Larkspur Court, Narrow Lane, Halesowen, West Midlands B62 9NA2
£145K07/220.5 miFlat 10, Larkspur Court, Narrow Lane, Halesowen, West Midlands B62 9NA2
£140K10/220.59 miFlat 35, Milverton Court, Binswood Road, Halesowen, West Midlands B62 9BQ2
£120K08/220.59 miFlat 57, Victoria Court, Binswood Road, Halesowen, West Midlands B62 9BQ2
£125K04/230.85 mi15, Near Lands Close, Quinton, Birmingham, West Midlands B32 1RS2
£85K02/210.93 miFlat 1, Beechdale, Perry Hill Road, Oldbury, West Midlands B68 0AJ2
£75K03/231.03 mi65, Dudley Road, Halesowen, West Midlands B63 3LP2
£78K01/221.04 miFlat 27, Perry Court, Hagley Road West, Oldbury, West Midlands B68 0BU2
£121K02/231.05 mi142, Kingsway, Oldbury, West Midlands B68 0PL2
£83K12/231.06 mi77, Woodgate Gardens, Birmingham, West Midlands B32 3UW2
£125K06/211.08 mi49, Sunny Bank Road, Oldbury, West Midlands B68 0DB2
£100K05/221.09 mi74, Four Acres, Quinton, Birmingham, West Midlands B32 1RZ2
£135K09/231.19 mi8, Golden Orchard, Halesowen, West Midlands B62 8TR2
£125K03/211.19 mi6, Golden Orchard, Halesowen, West Midlands B62 8TR2
£100K02/221.2 mi508a, Hagley Road West, Oldbury, West Midlands B68 0BZ2
£145K12/221.21 mi8, Grange Crescent, Halesowen, West Midlands B63 3ED2
£100K03/231.22 mi27, Grange Crescent, Halesowen, West Midlands B63 3ED2
£130K12/201.22 mi25, Grange Crescent, Halesowen, West Midlands B63 3ED2
£133K12/201.22 mi40, Grange Crescent, Halesowen, West Midlands B63 3ED2
£109.3K01/211.22 mi37, Grange Crescent, Halesowen, West Midlands B63 3ED2
£126K05/221.23 miFlat 4, Highland House, Acorn Road, Halesowen, West Midlands B62 8LW2
£122.5K08/211.24 mi47, Daventry Grove, Quinton, Birmingham, West Midlands B32 1JA2
£112K02/211.24 mi58, Daventry Grove, Quinton, Birmingham, West Midlands B32 1JA2
£112K02/211.24 mi58, Daventry Grove, Birmingham, West Midlands B32 1JA2
£142K06/231.24 mi30, Daventry Grove, Quinton, Birmingham, West Midlands B32 1JA2
£120K07/221.24 mi36, Daventry Grove, Quinton, Birmingham, West Midlands B32 1JA2
£135K12/221.24 mi42, Daventry Grove, Quinton, Birmingham, West Midlands B32 1JA2
£105K08/231.27 mi2a, Church Street, Halesowen, West Midlands B62 9LG2
£135K11/221.27 mi25, Westcombe Grove, Birmingham, West Midlands B32 4LE2
£123.5K07/221.29 mi84, Brett Young Close, Halesowen, West Midlands B63 3BJ2
£123K05/211.29 mi82, Brett Young Close, Halesowen, West Midlands B63 3BJ2
£150.3K03/231.29 mi96, Brett Young Close, Halesowen, West Midlands B63 3BJ2
£140K12/221.31 mi2, Ventnor Close, Oldbury, West Midlands B68 0DH2
£117.5K03/231.39 miHaden Arch Court, 103, Haden Hill Road, Halesowen, West Midlands B63 3NF2
£115K05/211.45 miFlat 9, Newbold Court, Blackberry Lane, Halesowen, West Midlands B63 4NZ2
£122K08/211.45 miFlat 4, Newbold Court, Blackberry Lane, Halesowen, West Midlands B63 4NZ2
£110K06/211.45 miFlat 12, Newbold Court, Blackberry Lane, Halesowen, West Midlands B63 4NZ2
£118K04/211.51 miFlat 3, Brandhall Court, Wolverhampton Road, Oldbury, West Midlands B68 8DE2
£131K10/221.51 miFlat 24, Brandhall Court, Wolverhampton Road, Oldbury, West Midlands B68 8DE2
£117K04/221.52 miFlat 18, Brandhall Court, Wolverhampton Road, Oldbury, West Midlands B68 8DE2
£118K04/211.54 miFlat 3, Brandhall Court, Wolverhampton Road, Oldbury, West Midlands B68 8DE2
£117K05/231.61 mi40, Stevens Avenue, Birmingham, West Midlands B32 3SA2
£111K04/221.61 mi12, Stevens Avenue, Birmingham, West Midlands B32 3SA2
£150K04/231.61 mi64, Cavalier Drive, Halesowen, West Midlands B63 4SQ2
£117K12/201.61 mi80, Cavalier Drive, Halesowen, West Midlands B63 4SQ2

Local Rents

20 rents from £725/mo to £1.3K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£90012/240.55 mi-2
£99501/251.01 mi-2
£92512/241.05 mi-2
£95012/241.05 mi-2
£92512/241.05 mi-2
£92512/241.05 mi-2
£95001/251.05 mi-2
£95001/251.05 mi-2
£95001/251.05 mi-2
£87512/241.09 miFlat 6 Quinton Court2
£87512/241.09 mi8 Quinton Court, B682
£87512/241.09 mi25 Quinton Court, B682
£1,25012/241.09 miLansdowne Road, Hurst Green, Halesowen2
£95004/251.09 mi-2
£95004/251.09 mi-2
£87512/241.11 miMalt Mill Lane, Halesowen2
£72512/241.19 miAcorn House, Cockshed Lane, Halesowen2
£85012/241.2 miTame Rise, Oldbury, West Midlands2
£82512/241.24 miDaventry Grove, Quinton, B322
£82512/241.24 miDaventry Grove, Quinton, B322

Local Area Statistics

Population in B62

24,112

Population in Halesowen

60,699

Town centre distance

1.43 miles away

Nearest school

0.30 miles away

Nearest train station

1.47 miles away

 

 

Rental growth (12m)

+33%

Sales demand

Balanced market

Capital growth (5yrs)

+36%

Property History

Listed for £135,000

January 13, 2025

Description

  • SPACIOUS +
  • TWO DOUBLE BEDROOMS +
  • LARGE LOUNGE +
  • BATHROOM +
  • FITTED KITCHEN +
  • UTILITY WITH SHOWER CUBICLE +
  • WELL KEPT COMMUNAL GROUNDS +
  • VERY POPULAR LOCATION +
  • PARKING AREA AT THE REAR +
  • EPC: D +

NO UPWARD CHAIN
A wonderfully spacious two bedroom second floor apartment in this most popular of locations for motorway access, schools and access to all local amenities. The property briefly comprises: entrance hall with storage cupboards, large lounge, fitted kitchen, utility room with shower cubicle, bathroom and two double bedrooms. The property further benefits from: well kept communal grounds with parking area at the rear, gas central heating and double glazing. BEING SOLD BY MODERN METHOD OF AUCTION. EPC: D

Entrance Hall - With two storage cupboards, central heating radiator and

Spacious Lounge - 4.55m x 3.48m (14'11 x 11'5) - With central heating radiator, electric fire and double glazed window to front elevation.

Fitted Kitchen - 3.66m x 3.02m (max) (12' x 9'11 (max)) - Having recently added work top to incorporate single drainer sink unit, storage cupboard, electric hob, space for fridge freezer, wall mounted central heating boiler and door into:

Utility - With shower cubicle and double glazed window to rear elevation.

Bathroom - With panel bath, vanity wash hand basin, low flush wc, splash back tiling and obscured double glazed window to side elevation.

Bedroom One - 3.71m x 3.33m (12'2 x 10'11) - With central heating radiator and double glazed window to front elevation.

Bedroom Two - 3.40m x 3.33m (11'2 x 10'11) - With central heating radiator and double glazed window to rear elevation.

Outside - Front: With pathway to front communal entrance door through communal lawn and shrubbery.

Rear: With carpark and outside storage area.

Agents Note - We have been informed by our vendor that the property is LEASEHOLD with approximately 115 years on the lease.

We have also been informed by our vendor that the service charge is currently £110 per month.

Council Tax Band: A

EPC: D

All main services are connected.
Broadband/Mobile coverage- please check on link- //checker.ofcom.org.uk/en-gb/broadband-coverage

Auctioneer Notes - Auctioneer Comments

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangement

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Agent Details

Hicks Hadley, Halesowen

0121 387 6341

Next Steps?

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