2 Bed Flat, Single Let, Kidderminster, DY11 6RZ, £120,000

14, Parkwood Court, Bewdley Road, Kidderminster. - 3 views - 2 months ago

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
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£34,800

 

 

Cash Out

 

Rent Range

£550 - £1,100

Rent Estimate

£722

Running Costs/mo

£539

Cashflow/mo

£183

Cashflow/yr

£2,191

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 
£110K11/220.08 mi35, Perrett Walk, Kidderminster, Worcestershire DY11 6SA2
£125K02/230.1 mi37, Perrett Walk, Kidderminster, Worcestershire DY11 6SA2
£98K01/210.16 miFlat 4, Mill Bank Court, Mill Street, Kidderminster, Worcestershire DY11 6GA2
£120K05/230.26 mi4, Quayle Court, Kidderminster, Worcestershire DY11 6SQ2
£95K10/220.3 mi29, Blakebrook Gardens, Kidderminster, Worcestershire DY11 6RF2
£130K02/230.34 miFlat 21, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£117K07/220.34 miFlat 32, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£117K11/210.35 miFlat 34, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£112K11/200.35 miFlat 30, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£110K08/220.35 miFlat 2, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£106K03/210.45 miFlat 9, Wellington Court, Sutton Road, Kidderminster, Worcestershire DY11 6QP2
£72K02/210.49 miFlat 5, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH2
£65K03/210.49 miFlat 7, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH2
£106K10/220.6 mi192a, Offmore Road, Kidderminster, Worcestershire DY10 1SB2
£80K06/220.63 mi1, Poplar Road, Kidderminster, Worcestershire DY11 6ND2
£85K08/210.74 mi68, Beaulieu Close, Kidderminster, Worcestershire DY11 5EE2
£95K07/230.75 mi15, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD2
£107K03/230.75 mi1, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD2
£208K10/200.8 mi15, Northumberland Avenue, Kidderminster, Worcestershire DY11 7AN2
£105K10/200.8 mi5, Stewart Court, Kidderminster, Worcestershire DY10 1UR2

Local Rents

37 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
£80003/240.15 mi-2
£80003/240.15 mi-2
£80012/240.15 mi-2
£80012/240.15 mi-2
£85011/240.15 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
£77512/240.3 miHume Street, KIDDERMINSTER2
£55012/240.3 miHume Street, KIDDERMINSTER2
£72512/240.31 miHigh Street, KIDDERMINSTER2
£87512/240.33 miMason Road, Kidderminster, DY112
£85012/240.35 miSutton Road, Kidderminster, DY112
£80012/240.35 miSutton Road, Kidderminster, DY112
£87512/240.41 mi-2
£82502/250.41 mi-2
£85003/250.42 mi-2
£87502/250.42 mi-2
£77503/230.43 mi-2
£77503/230.43 mi-2
£85006/240.43 mi-2
£87504/250.43 mi-2
£80012/240.52 miGeorge Street, KIDDERMINSTER2
£1,10003/240.55 miLeswell Lane, KIDDERMINSTER2
£91001/250.56 mi-2
£1,10001/250.57 mi-2
£72512/240.58 miEast Street, Kidderminster, Worcestershire, DY102
£70003/230.59 mi-2
£80009/240.59 mi-2
£85012/240.62 mi-2
£85012/240.62 mi-2
£72503/240.62 miOffmore Road, KIDDERMINSTER2

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 £120,000

February 5, 2025

Floor Plans

Description

  • Quote Ref. PC0649. +
  • Ground Floor Two Bedroom Property in Convenient Location +
  • Popular Location off Bewdley Road +
  • Excellent Kitchen/Dining/Lounge +
  • Quiet Location with Resident Only Parking +
  • Excellent Local Amenities with Shops Nearby +
  • Two Good Sized Bedrooms +
  • Very Well Presented +
  • Early Viewing Advised as Likely to Sell Quickly +
  • Hit the 'Request Details' or 'Email Agent' button to secure your viewing now! +

Quote Reference PC0649. Hit 'Request Details'/'Email Agent' to secure a viewing now! A superb modern ground floor apartment with easy access to the town centre and main road networks,  situated in this popular development located off Bewdley Road. Briefly comprising of an open plan living dining and kitchen area, two double bedrooms, hallway with storage cupboards and a shower room. Double glazing, electric heating and an allocated parking space. A perfect first time purchase or for older buyers requiring single level living. Hit the 'Request Details' or 'Email Agent' button to secure your viewing now!

Communal Entrance - Opening to the communal hall, accessed from car parking at the rear of the building, with the apartment being located on the ground floor near the communal entrance door.

Apartment Entrance - Opening to the entrance hall.

Entrance Hall - Having a central heating radiator, doors to the open plan living area, bathroom, bedrooms, storage cupboard and airing cupboard.

Open Plan Living Area - A modern open plan living space. 

Living Area -  19'5" max x 19'5 - Having double glazed double door Juliet style balcony, and being open plan to the kitchen.

Kitchen Area - 10'6" x 6'7"- Fitted with a range of wall and base units with worktop over, single drainer sink unit with mixer tap, oven and a gas hob with extractor fan over, tiled splash backs, space for fridge/freezer, plumbing for a washing machine and double glazed window to the front.

Bedroom One - 16'9" x 13'7" - A good size room, having a double glazed window to the rear elevation. Space for wardrobes.

Bedroom Two - 8'4" x 9'5" - A good size room, having a double glazed window to the rear elevation. Space for wardrobes.

Shower room - Fitted with a white suite comprising a paneled bath, pedestal wash basin and low level W.C, part tiled walls, electric heater and extractor fan. Window to the side elevation.

Allocated Parking Space

Leasehold Information
Ground rent and service charge payable. £134 service charge and ground rent per month.

The owner states that the property is leasehold;  However all interested parties should obtain verification through their solicitor.

Particulars of Lease: Around 80 years remaining.

Council Tax Band A

Property Particulars. Our agent has not tested any services, fittings and appliances such as central heating, boilers, immersion heaters, gas or electric fires, electrical wiring, security systems or kitchen appliances. Any purchaser should obtain verification that these items are in good working order through their Solicitor or Surveyor. Our agent has also not verified details of the property tenure. The Solicitor acting for any purchaser should be asked to confirm full details of the tenure. Our agent and the vendors of the property whose agents they are, give notice that these particulars although believed to be correct, do not constitute any part of an offer or contract, that all statements contained in these particulars as to this property are made without responsibility and are not to be relied upon as statements or representations or warranty whatsoever in relation to this property. Any intending purchaser must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars. Measurements are quoted as room sizes approximately and only intended for general guidance. Buyers are advised to verify all stated dimensions carefully. Land areas are also subject to verification through buyer’s legal advisors. Standard I.D. verification charge payable online by the successful buyers at £30 each.

Agent Details

eXp UK, West Midlands

03304 609968

Next Steps?

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