2 Bed Flat, Single Let, Kidderminster, DY11 6RZ, £125,000

Park Street, Kidderminster, DY11 6RZ - 1 views - 2 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£65K - £208K
Sold Prices/m²£1.5K/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£145,952
BMV17%

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

£550 - £1,100

Rent Estimate

£740

Running Costs/mo

£559

Cashflow/mo

£181

Cashflow/yr

£2,177

ROI

6%

Gross Yield

7%

Local Sold Prices

20 sold prices from £65K to £208K, average is £106.5K. £1.5K/m² to £2.8K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£110K11/220.07 mi35, Perrett Walk, Kidderminster, Worcestershire DY11 6SA2
£125K02/230.09 mi37, Perrett Walk, Kidderminster, Worcestershire DY11 6SA2
£98K01/210.16 miFlat 4, Mill Bank Court, Mill Street, Kidderminster, Worcestershire DY11 6GA2
£120K05/230.25 mi4, Quayle Court, Kidderminster, Worcestershire DY11 6SQ2
£95K10/220.3 mi29, Blakebrook Gardens, Kidderminster, Worcestershire DY11 6RF2
£117K07/220.34 miFlat 32, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£130K02/230.34 miFlat 21, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£117K11/210.34 miFlat 34, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£112K11/200.34 miFlat 30, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£110K08/220.34 miFlat 2, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£106K03/210.44 miFlat 9, Wellington Court, Sutton Road, Kidderminster, Worcestershire DY11 6QP2
£72K02/210.5 miFlat 5, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH2
£65K03/210.5 miFlat 7, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH2
£106K10/220.61 mi192a, Offmore Road, Kidderminster, Worcestershire DY10 1SB2
£80K06/220.62 mi1, Poplar Road, Kidderminster, Worcestershire DY11 6ND2
£85K08/210.74 mi68, Beaulieu Close, Kidderminster, Worcestershire DY11 5EE2
£95K07/230.76 mi15, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD2
£107K03/230.76 mi1, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD2
£208K10/200.79 mi15, Northumberland Avenue, Kidderminster, Worcestershire DY11 7AN2
£105K10/200.8 mi5, Stewart Court, Kidderminster, Worcestershire DY10 1UR2

Local Rents

36 rents from £550/mo to £1.1K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£85003/250.07 mi-2
£85012/240.07 miBewdley Road, KIDDERMINSTER2
£74512/240.09 miMill Lane, Kidderminster, DY112
£80003/240.14 mi-2
£80003/240.14 mi-2
£80012/240.14 mi-2
£80012/240.14 mi-2
£85011/240.14 mi-2
£82512/240.2 miWoodfield Street, Kidderminster, DY112
£82503/240.2 mi-2
£80012/240.21 miPark Street, KIDDERMINSTER2
£80012/240.21 miPark Street, KIDDERMINSTER2
£82512/240.24 miPark Lane, Kidderminster, DY112
£77512/240.29 miHume Street, KIDDERMINSTER2
£55012/240.29 miHume Street, KIDDERMINSTER2
£72512/240.31 miHigh Street, KIDDERMINSTER2
£87512/240.33 miMason Road, Kidderminster, DY112
£85012/240.34 miSutton Road, Kidderminster, DY112
£80012/240.34 miSutton Road, Kidderminster, DY112
£85003/250.41 mi-2
£87512/240.42 mi-2
£82502/250.42 mi-2
£87502/250.43 mi-2
£77503/230.44 mi-2
£77503/230.44 mi-2
£85006/240.44 mi-2
£87504/250.44 mi-2
£80012/240.53 miGeorge Street, KIDDERMINSTER2
£1,10003/240.56 miLeswell Lane, KIDDERMINSTER2
£91001/250.57 mi-2
£1,10001/250.57 mi-2
£72512/240.59 miEast Street, Kidderminster, Worcestershire, DY102
£70003/230.59 mi-2
£80009/240.6 mi-2
£85012/240.61 mi-2
£85012/240.61 mi-2

Local Area Statistics

Population in DY11

30,309

Population in Kidderminster

74,037

Town centre distance

0.71 miles away

Nearest school

0.10 miles away

Nearest train station

0.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Listed for £125,000

February 4, 2025

Floor Plans

Description

  • TWO BEDROOM +
  • FIRST FLOOR APARTMENT +
  • ALLOCATED PARKING +
  • EXCELLENT CONDITION +
  • DOUBLE GLAZED AND GAS CENTRAL HEATING +

SUMMARY
*TWO BEDROOM*FIRST FLOOR APARTMENT***ALLOCATED PARKING***EXCELLENT CONDITION***DOUBLE GLAZED AND GAS CENTRAL HEATING***

DESCRIPTION
An excellent two bedroom first floor apartment situated within walking distance of Kidderminster Town Centre! The internal accommodation comprises of entrance hallway, two bedrooms, bathroom and an open plan kitchen/lounge/dining area. The external benefits from an allocated parking bay. This property is in excellent condition so must be viewed! Call today to arrange your viewing.

Approach 
Communal entrance leading to entrance door.

Entrance Hall 
Two ceiling lights, built-in storage cupboard, built-in airing cupboard and gas central heating radiator.

Open Plan Lounge/Kitchen Area 19' 5" max x 17' 6" ( 5.92m max x 5.33m )
Double glazed window to side aspect, two ceiling lights, part-tiled splashbacks, range of wall, drawer and base units, worktops, plumbing for washing machine and dishwasher, sink, two gas central heating radiators and double glazed double door to front aspect leading to balcony.

Bedroom One 10' 10" x 8' 6" ( 3.30m x 2.59m )
Double glazed window to front and side aspect, ceiling light and gas central heating radiator.

Bedroom Two 8' 6" x 8' 4" ( 2.59m x 2.54m )
Double glazed window to front aspect, ceiling light and gas central heating radiator.

Bathroom 
Ceiling light, part-tiled splashbacks, WC, wash hand basin, bath with shower over and gas central heating radiator.

Parking 
One allocated parking space.

Agent Note 
The council tax band is A.

There is a monthly service charge of £133.41 payable to Bromford.

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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Shipways, Kidderminster

01562 543940

Next Steps?

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