2 Bed Flat, Single Let, Kidderminster, DY10 3AJ, £120,000

Chaddesley Gardens, Kidderminster, DY10 3AJ - 2 views - 2 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£39.5K - £175K
Sold Prices/m²£1.4K/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£129,411
BMV8%

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

£700 - £1,100

Rent Estimate

£716

Running Costs/mo

£538

Cashflow/mo

£178

Cashflow/yr

£2,134

ROI

6%

Gross Yield

7%

Local Sold Prices

37 sold prices from £39.5K to £175K, average is £105K. £1.4K/m² to £2.3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£84.6K12/220 mi12a, Chaddesley Gardens, Kidderminster, Worcestershire DY10 3AJ2
£86K01/210.08 mi1, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£126K11/220.08 mi7, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£108.5K08/210.08 mi11, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£147.5K11/200.27 miFlat 11, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£170K09/220.27 miFlat 17, Fairways Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£175K08/220.27 miFlat 7, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£105K10/200.32 mi5, Stewart Court, Kidderminster, Worcestershire DY10 1UR2
£165K10/200.34 miFlat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD2
£165K10/200.34 miFlat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD2
£106K10/220.5 mi192a, Offmore Road, Kidderminster, Worcestershire DY10 1SB2
£150K06/210.5 mi43a, Linden Avenue, Kidderminster, Worcestershire DY10 3AA2
£95K07/230.69 mi15, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD2
£107K03/230.69 mi1, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD2
£130K02/230.77 miFlat 21, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£72K02/210.77 miFlat 5, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH2
£65K03/210.77 miFlat 7, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH2
£117K07/220.79 miFlat 32, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£117K11/210.79 miFlat 34, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£112K11/200.79 miFlat 30, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£110K08/220.79 miFlat 2, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£90K05/230.83 mi49, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£95K08/230.83 mi26, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£95K02/230.83 mi63, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£145K09/220.83 mi8, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£142.5K09/220.83 mi47, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£160K09/230.83 mi9, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£85K05/230.95 mi96, Dunlin Drive, Kidderminster, Worcestershire DY10 4TA2
£39.5K12/220.95 miFlat 49, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£42K12/200.95 miFlat 21, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£48K04/230.95 miFlat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£46.5K10/200.95 miFlat 9, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£48.5K12/210.95 miFlat 16, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£44K12/200.95 miFlat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£40.5K03/210.95 miFlat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£43.5K11/200.95 miFlat 31, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£55K04/230.95 miFlat 6, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2

Local Rents

21 rents from £700/mo to £1.1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£77512/240.17 miComberton Court, Comberton Road, Kidderminster, Worcestershire2
£80012/240.21 mi-2
£80012/240.21 mi-2
£90008/240.21 mi-2
£79503/240.23 mi39 Farfield,Kidderminster,DY10 1UQ2
£79503/240.27 miLorne Street, Kidderminster, DY102
£85012/240.27 miLorne Grove, KIDDERMINSTER2
£89512/240.29 miLea Street, Kidderminster, Worcestershire, DY102
£80012/240.32 mi-2
£75012/240.4 miRay Mercer Way, Kidderminster, Worcestershire2
£1,10001/250.46 mi-2
£77503/240.46 miTabbs Gardens, Kidderminster, DY102
£82503/240.46 miTabbs Gardens, Kidderminster, Worcestershire2
£72503/240.47 miOffmore Road, KIDDERMINSTER2
£70003/230.48 mi-2
£72512/240.48 miEast Street, Kidderminster, Worcestershire, DY102
£91001/250.5 mi-2
£75003/230.51 mi-2
£72503/240.54 miSt Andrews Green, Kidderminster, Worcestershire, DY102
£80012/240.56 miGeorge Street, KIDDERMINSTER2
£1,10003/240.6 miLeswell Lane, KIDDERMINSTER2

Local Area Statistics

Population in DY10

35,493

Population in Kidderminster

74,037

Town centre distance

0.35 miles away

Nearest school

0.10 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £120,000

February 25, 2025

Floor Plans

Description

  • GROUND FLOOR APARTMENT IN IDEAL LOCATION +
  • COMMUTING & TRANSPORT LINKS NEAR-BY +
  • TWO BEDROOMS +
  • DOUBLE GLAZING & GAS CENTRAL HEATING THROUGHOUT +
  • OFF-ROAD PARKING SPACES +

SUMMARY
Located ideally for commuting, with Kidderminster Train Station within walking distance and public transport routes surrounding. Local schooling and amenities are all within easy reach, making this an fantastic property for a small family.

DESCRIPTION
Well-presented two bedroom ground floor apartment situated ideally for commuting, with routes including the A448 and A449 near-by, and transport links including Kidderminster Train Station within walking distance. Local schooling including King Charles I School & Sixth Form, King Charles I High School and Comberton Primary School near-by. On approach, a private car park provides parking for residents. Stepping inside the property, a spacious hallway leads off to all rooms including a large lounge/diner, fitted kitchen, two bedrooms and a shower room. Gas central heating and double glazing throughout.

Entrance Hall 
Door to the side leading into a spacious hallway with built-in storage, fitted carpet, ceiling light point and a panelled radiator.

Lounge / Diner 17' 1" x 16' 2" ( 5.21m x 4.93m )
Very spacious living area boasting fitted carpet, two ceiling light points, panelled radiator and double glazed bay and single window to the front.

Kitchen 9' 8" x 6' 8" ( 2.95m x 2.03m )
Fitted kitchen offering a range of wall and base units and ample work surface space. Inset sink and drainer unit, cooker space and plumbing for a washing machine. Vinyl flooring, partially tiled walls, ceiling light point, panelled radiator and a double glazed window to the side.

Bedroom One 13' 2" x 9' 9" ( 4.01m x 2.97m )
Double bedroom offering fitted carpet, ceiling light point, panelled radiator and a double glazed window to the rear.

Bedroom Two 11' 7" x 6' 9" ( 3.53m x 2.06m )
Offering fitted carpet, ceiling light point, panelled radiator and a double glazed window to the rear.

Shower Room 
Comprising a wash hand basin with storage, low flush WC and a walk-in shower cubicle with sliding glass door. Vinyl flooring, partially tiled walls, a panelled radiator and a ceiling light point.

Outside  
Communal gardens surrounding and off-road parking spaces.

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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