2 Bed Flat, Single Let, Tipton, DY4 7NS £120,000

Ferguson Drive, TIPTON, DY4 7NS - 6 views - 10 months ago

Leasehold

BTL

ROI: 5%

~68 m²

ValuationOvervalued

Sold Prices	£43K - £130K
Sold Prices/m²	£644/m² - £2.7K/m²

Square Metres	~68.11 m²
Price/m²	£1.8K/m²
Value Estimate	£115,386£115,386

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£30,000£30,000
Stamp Duty & Legal Fees	£7,200£7,200
Total Cash In	£37,200£37,200

Cash Out
Rent Range	£495 - £1,250£495 - £1,250
Rent Estimate	£706
Running Costs/mo	£536£536
Cashflow/mo	£170£170
Cashflow/yr	£2,038£2,038
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £43K to £130K, average is £105K. £644/m² to £2.7K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£90K	08/21	0 mi	53, Ferguson Drive, Tipton, West Midlands DY4 7NS	£1,882	48	2	Flat
£110K	10/24	0 mi	19, Ferguson Drive, Tipton, West Midlands DY4 7NS	£1,692	65	2	Flat
£90K	09/21	0 mi	67, Ferguson Drive, Tipton, West Midlands DY4 7NS	£1,166	77	2	Flat
£95K	07/21	0 mi	69, Ferguson Drive, Tipton, West Midlands DY4 7NS	£1,733	55	2	Flat
£125K	03/25	0.15 mi	47, Sannders Crescent, Tipton, West Midlands DY4 7NT	£2,232	56	2	Flat
£125K	03/25	0.16 mi	47, Sannders Crescent, Tipton DY4 7NT	£2,232	56	2	Flat
£125K	03/25	0.16 mi	47, Sannders Crescent, Tipton DY4 7NT	-	-	2	Flat
£112.5K	10/22	0.16 mi	49, Darbys Way, Tipton, West Midlands DY4 7NY	£2,097	54	2	Flat
£105K	12/22	0.17 mi	55, Darbys Way, Tipton, West Midlands DY4 7NY	£1,909	55	2	Flat
£115K	03/25	0.22 mi	37, Bedford Street, Tipton DY4 7NX	-	-	2	Flat
£118K	08/23	0.34 mi	88, Scott Street, Tipton, West Midlands DY4 7AG	£1,916	62	2	Flat
£125K	03/23	0.34 mi	22, Scott Street, Tipton, West Midlands DY4 7AG	£2,049	61	2	Flat
£104K	12/22	0.39 mi	4, Hamilton Road, Tipton, West Midlands DY4 0JB	-	-	2	Flat
£105K	11/22	0.4 mi	2, Doughty Close, Tipton, West Midlands DY4 7AJ	-	-	2	Flat
£113.5K	11/22	0.4 mi	31, Scott Street, Tipton, West Midlands DY4 7AF	£2,064	55	2	Flat
£112K	01/23	0.43 mi	22, Gough Drive, Tipton, West Midlands DY4 7AL	£2,667	42	2	Flat
£80K	10/22	0.44 mi	44, Gough Drive, Tipton, West Midlands DY4 7AL	£1,233	65	2	Flat
£105K	01/23	0.53 mi	16, Warren Close, Tipton, West Midlands DY4 9PG	£1,780	59	2	Flat
£108K	11/24	0.53 mi	27, Jonah Drive, Tipton DY4 7AP	£1,662	65	2	Flat
£108K	11/24	0.53 mi	27, Jonah Drive, Tipton DY4 7AP	-	-	2	Flat
£93K	11/24	0.54 mi	83, Grace Road, Tipton DY4 0PG	£1,453	64	2	Flat
£93K	11/24	0.54 mi	83, Grace Road, Tipton DY4 0PG	-	-	2	Flat
£130K	12/24	0.55 mi	98, Warren Close, Tipton DY4 9PG	£2,203	59	2	Flat
£130K	12/24	0.55 mi	98, Warren Close, Tipton DY4 9PG	-	-	2	Flat
£110K	03/25	0.64 mi	63, Tudor Court, Tipton DY4 8UX	-	-	2	Flat
£110K	03/25	0.64 mi	63, Tudor Court, Tipton DY4 8UX	£1,803	61	2	Flat
£78K	09/23	0.64 mi	61, Tudor Court, Tipton, West Midlands DY4 8UX	£1,333	59	2	Flat
£111K	08/23	0.66 mi	34, Tudor Street, Tipton, West Midlands DY4 8UT	-	-	2	Flat
£69.5K	10/21	0.69 mi	105, Fisher Street, Great Bridge, Tipton, West Midlands DY4 7ES	£1,241	56	2	Flat
£49K	05/23	0.7 mi	48, Brickhouse Lane South, Tipton, West Midlands DY4 7HJ	£1,058	46	2	Flat
£84K	09/21	0.76 mi	20, St Marks Road, Tipton, West Midlands DY4 0XB	£1,300	65	2	Flat
£60.3K	03/25	0.81 mi	3, Fernwood Croft, Tipton DY4 8LL	£913	66	2	Flat
£60.3K	03/25	0.81 mi	3, Fernwood Croft, Tipton DY4 8LL	-	-	2	Flat
£43K	06/23	0.83 mi	18, Fernwood Croft, Tipton, West Midlands DY4 8LL	£644	67	2	Flat
£65K	03/23	0.83 mi	7, Fernwood Croft, Tipton, West Midlands DY4 8LL	£1,066	61	2	Flat
£120K	05/23	0.85 mi	39, New Cross Street, Tipton, West Midlands DY4 8PZ	£2,098	57	2	Flat
£106.3K	05/25	0.87 mi	87, Anchor Drive, Tipton DY4 7RD	£1,455	73	2	Flat
£106.3K	05/25	0.87 mi	87, Anchor Drive, Tipton DY4 7RD	-	-	2	Flat
£122K	08/24	0.88 mi	109, Anchor Drive, Tipton DY4 7RD	£1,848	66	2	Flat
£102K	05/23	0.9 mi	63, Anchor Drive, Tipton, West Midlands DY4 7RD	£1,727	59	2	Flat
£92K	10/21	0.9 mi	125, Anchor Drive, Tipton, West Midlands DY4 7RD	£1,643	56	2	Flat
£86K	06/21	0.9 mi	101, Anchor Drive, Tipton, West Midlands DY4 7RD	£1,365	63	2	Flat
£100K	05/23	0.9 mi	65, Anchor Drive, Tipton, West Midlands DY4 7RD	£2,632	38	2	Flat
£75.5K	04/25	0.94 mi	40, Leasowe Road, Tipton DY4 8PW	£1,606	47	2	Flat
£75.5K	04/25	0.94 mi	40, Leasowe Road, Tipton DY4 8PW	-	-	2	Flat
£105K	06/25	0.94 mi	38, Rugeley Close, Tipton DY4 9TG	-	-	2	Flat
£105K	06/25	0.94 mi	38, Rugeley Close, Tipton DY4 9TG	£2,059	51	2	Flat
£87.5K	11/21	0.95 mi	38, Rugeley Close, Tipton, West Midlands DY4 9TG	£1,823	48	2	Flat
£111K	11/24	0.96 mi	16, Rugeley Close, Tipton DY4 9TG	£2,581	43	2	Flat
£111K	11/24	0.96 mi	16, Rugeley Close, Tipton DY4 9TG	-	-	2	Flat

Local Rents

50 rents from £495/mo to £1.3K/mo, average is £850/mo.

Rent	Date	Distance	Address	Beds	Type
£850	11/25	0 mi	28 Ferguson Drive, Tipton, DY4	2	Flat
£850	11/25	0 mi	28 Ferguson Drive, Tipton, DY4	2	Flat
£750	08/25	0.05 mi	Ferguson Drive, Tipton	2	Flat
£825	04/24	0.06 mi	Ferguson Drive, Tipton	2	Flat
£850	06/25	0.11 mi	Avern Close, TIPTON	2	House
£675	08/25	0.12 mi	Avern Close, TIPTON	2	Room
£875	10/25	0.16 mi	-	2	Flat
£875	07/25	0.16 mi	Darbys Way, Tipton, DY4	2	Flat
£875	08/25	0.16 mi	Darbys Way, Tipton, DY4	2	Flat
£825	02/25	0.16 mi	-	2	Flat
£850	05/24	0.17 mi	Sannders Crescent, Tipton, West Midlands, DY4 7NS	2	Flat
£825	04/24	0.17 mi	Jevons Drive, Tipton, West Midlands, DY4	2	Flat
£825	06/25	0.17 mi	Jevons Drive, Tipton, West Midlands, DY4	2	Flat
£875	05/24	0.17 mi	Darbys Way, Tipton	2	Flat
£795	06/25	0.17 mi	Darbys Way, TIPTON	2	House
£700	07/25	0.17 mi	Darbys Way, Tipton	2	Flat
£825	11/25	0.17 mi	Darbys Way, TIPTON	2	Flat
£1,000	03/24	0.17 mi	Champion Avenue, Tipton	2	Bungalow
£650	08/25	0.18 mi	Darbys Way, Tipton	2	Flat
£900	02/25	0.18 mi	-	2	Terraced House
£875	04/24	0.18 mi	Great Meadow, Tipton, West Midlands, DY4	2	Terraced House
£1,100	03/24	0.18 mi	-	2	Bungalow
£825	11/25	0.19 mi	Darbys Way, Tipton	2	Flat
£850	08/25	0.19 mi	Darbys Way, Tipton	2	Flat
£775	06/25	0.21 mi	Tamebrook Way, Tipton, DY4	2	Flat
£965	05/25	0.22 mi	-	2	Flat
£900	11/25	0.23 mi	Bedford Street, Tipton, DY4 7NX	2	Flat
£850	11/25	0.23 mi	Bedford Street, TIPTON	2	Flat
£695	05/24	0.23 mi	Bedford Street, Tipton, DY4	2	Flat
£575	07/25	0.23 mi	Bedford Street, Tipton, West Midlands, DY4	2	Flat
£600	08/25	0.23 mi	Horseley Road, Tipton	2	Flat
£650	08/25	0.23 mi	Horseley Road, Tipton	2	Room
£750	07/25	0.23 mi	Bedford Street, Tipton, DY4	2	Flat
£725	04/24	0.23 mi	Horseley Road, Tipton	2	Flat
£825	04/24	0.23 mi	Horseley Road, Tipton	2	Terraced House
£900	06/25	0.23 mi	Horseley Road, Tipton	2	Terraced House
£725	03/24	0.24 mi	Middle Meadow, Tipton, DY4	2	Flat
£850	03/24	0.24 mi	Potters Brook, Tipton, West Midlands, DY4	2	Flat
£495	08/25	0.24 mi	Middle Meadow, Tipton	2	Detached House
£850	03/24	0.24 mi	-	2	Terraced House
£900	07/25	0.25 mi	Horseley Road, Tipton	2	Terraced House
£795	07/25	0.25 mi	Upper Church Lane, Tipton, DY4	2	Flat
£950	12/24	0.27 mi	Churchyard Road, TIPTON	2	House
£975	08/25	0.27 mi	Churchyard Road, TIPTON	2	House
£975	11/25	0.27 mi	Churchyard Road, TIPTON	2	House
£1,250	10/25	0.28 mi	-	2	Semi-Detached House
£1,250	08/25	0.28 mi	Little Burton Drive, Tipton, DY4	2	Semi-Detached House
£950	08/25	0.29 mi	St. Helens Avenue, Tipton, West Midlands, DY4	2	Terraced House
£800	08/25	0.29 mi	-	2	Semi-Detached House
£1,080	04/24	0.3 mi	-	2	Terraced House

Local Area Statistics

Population in DY4	43,16143,161
Town centre distance	0.33 miles away0.33 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.44 miles away0.44 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+21%+21%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+52%+52%

Property History

Listed for £120,000

January 28, 2025

Floor Plans

Description

FIRST FLOOR APARTMENT +
TWO GOOD SIZED BEDROOMS +
WELL PRESENTED THROUGHOUT +
HIGHLY DEMANDED LOCATION +
KITCHEN WITH DINING AREA +
TWO ALLOCATED PARKING SPACES +
LEASE EXTENDED UPON COMPLETION +
CALL US TO SECURE YOUR EARLY VIEWING! +
DO YOU HAVE A PROPERTY TO SELL? WE OFFER A FREE, NO OBLIGATION VALUATION! +
DO YOU REQUIRE A MORTGAGE? CALL US NOW! +

SPACIOUS FIRST FLOOR APARTMENT THAT MUST BE VIEWED TO BE APPRECIATED This is a spacious, well presented two bedroom first floor apartment that must be viewed to be appreciated. Located on this small highly demanded modern estate with walking distance to local shops, schools, amenities, excellent public transport links and easy access to motorway networks. This spacious apartment briefly comprises of entrance hallway, lounge/diner, kitchen, two bedrooms, bathroom, two allocated parking spaces and a secure entry system. Call us to secure your early viewing! Tenure: Tenure: LEASEHOLD- (Lease to be extended to 99 years upon completion).Service Charge: £1,316.18 Per annum Ground Rent: £60 Per annum Council Tax Band: A EPC: C

Agent Details

Skitts Estate Agents, Tipton

0121 387 6420

Next Steps?

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