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

Chaddesley Gardens, Kidderminster, Worcestershire, DY10 3AJ - a month ago

Leasehold

BTL

ROI: 6%

~68 m²

+6 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£129,411
BMV	8%

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	£700 - £1,100£700 - £1,100
Rent Estimate	£722
Running Costs/mo	£539£539
Cashflow/mo	£183£183
Cashflow/yr	£2,191£2,191
ROI	6%6%
Gross Yield	7%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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£84.6K	12/22	0 mi	12a, Chaddesley Gardens, Kidderminster, Worcestershire DY10 3AJ	-	-	2	Flat
£86K	01/21	0.08 mi	1, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW	£1,564	55	2	Flat
£126K	11/22	0.08 mi	7, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW	£2,066	61	2	Flat
£108.5K	08/21	0.08 mi	11, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW	£1,938	56	2	Flat
£147.5K	11/20	0.27 mi	Flat 11, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN	-	-	2	Flat
£170K	09/22	0.27 mi	Flat 17, Fairways Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN	-	-	2	Flat
£175K	08/22	0.27 mi	Flat 7, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN	-	-	2	Flat
£105K	10/20	0.32 mi	5, Stewart Court, Kidderminster, Worcestershire DY10 1UR	£2,283	46	2	Flat
£165K	10/20	0.34 mi	Flat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD	-	-	2	Flat
£165K	10/20	0.34 mi	Flat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD	-	-	2	Flat
£106K	10/22	0.5 mi	192a, Offmore Road, Kidderminster, Worcestershire DY10 1SB	£2,068	51	2	Flat
£150K	06/21	0.5 mi	43a, Linden Avenue, Kidderminster, Worcestershire DY10 3AA	£1,401	107	2	Flat
£95K	07/23	0.69 mi	15, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD	£1,900	50	2	Flat
£107K	03/23	0.69 mi	1, Baxter Gardens, Kidderminster, Worcestershire DY10 2HD	-	-	2	Flat
£130K	02/23	0.77 mi	Flat 21, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX	-	-	2	Flat
£72K	02/21	0.77 mi	Flat 5, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH	-	-	2	Flat
£65K	03/21	0.77 mi	Flat 7, Silver Court, Silver Street, Kidderminster, Worcestershire DY10 2EH	-	-	2	Flat
£117K	07/22	0.79 mi	Flat 32, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX	-	-	2	Flat
£117K	11/21	0.79 mi	Flat 34, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX	-	-	2	Flat
£112K	11/20	0.79 mi	Flat 30, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX	-	-	2	Flat
£110K	08/22	0.79 mi	Flat 2, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX	-	-	2	Flat
£90K	05/23	0.83 mi	49, Skylark Way, Kidderminster, Worcestershire DY10 4EN	-	-	2	Flat
£95K	08/23	0.83 mi	26, Skylark Way, Kidderminster, Worcestershire DY10 4EN	£1,740	55	2	Flat
£95K	02/23	0.83 mi	63, Skylark Way, Kidderminster, Worcestershire DY10 4EN	-	-	2	Flat
£145K	09/22	0.83 mi	8, Skylark Way, Kidderminster, Worcestershire DY10 4EN	-	-	2	Flat
£142.5K	09/22	0.83 mi	47, Skylark Way, Kidderminster, Worcestershire DY10 4EN	£1,851	77	2	Flat
£160K	09/23	0.83 mi	9, Skylark Way, Kidderminster, Worcestershire DY10 4EN	£2,290	70	2	Flat
£85K	05/23	0.95 mi	96, Dunlin Drive, Kidderminster, Worcestershire DY10 4TA	£1,543	55	2	Flat
£39.5K	12/22	0.95 mi	Flat 49, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN	-	-	2	Flat
£42K	12/20	0.95 mi	Flat 21, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN	-	-	2	Flat
£48K	04/23	0.95 mi	Flat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN	-	-	2	Flat
£46.5K	10/20	0.95 mi	Flat 9, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN	-	-	2	Flat
£48.5K	12/21	0.95 mi	Flat 16, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN	-	-	2	Flat
£44K	12/20	0.95 mi	Flat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN	-	-	2	Flat
£40.5K	03/21	0.95 mi	Flat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN	-	-	2	Flat
£43.5K	11/20	0.95 mi	Flat 31, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN	-	-	2	Flat
£55K	04/23	0.95 mi	Flat 6, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN	-	-	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£775	12/24	0.17 mi	Comberton Court, Comberton Road, Kidderminster, Worcestershire	2	Flat
£800	12/24	0.21 mi	-	2	Terraced House
£800	12/24	0.21 mi	-	2	Terraced House
£900	08/24	0.21 mi	-	2	Terraced House
£795	03/24	0.23 mi	39 Farfield,Kidderminster,DY10 1UQ	2	Flat
£795	03/24	0.27 mi	Lorne Street, Kidderminster, DY10	2	Terraced House
£850	12/24	0.27 mi	Lorne Grove, KIDDERMINSTER	2	Flat
£895	12/24	0.29 mi	Lea Street, Kidderminster, Worcestershire, DY10	2	Flat
£800	12/24	0.32 mi	-	2	Flat
£750	12/24	0.4 mi	Ray Mercer Way, Kidderminster, Worcestershire	2	Flat
£1,100	01/25	0.46 mi	-	2	Flat
£775	03/24	0.46 mi	Tabbs Gardens, Kidderminster, DY10	2	Terraced House
£825	03/24	0.46 mi	Tabbs Gardens, Kidderminster, Worcestershire	2	Detached House
£725	03/24	0.47 mi	Offmore Road, KIDDERMINSTER	2	Flat
£700	03/23	0.48 mi	-	2	Terraced House
£725	12/24	0.48 mi	East Street, Kidderminster, Worcestershire, DY10	2	Flat
£910	01/25	0.5 mi	-	2	Terraced House
£750	03/23	0.51 mi	-	2	Flat
£725	03/24	0.54 mi	St Andrews Green, Kidderminster, Worcestershire, DY10	2	Flat
£800	12/24	0.56 mi	George Street, KIDDERMINSTER	2	Flat
£1,100	03/24	0.6 mi	Leswell Lane, KIDDERMINSTER	2	Flat

Local Area Statistics

Population in DY10	35,49335,493
Population in Kidderminster	74,03774,037
Town centre distance	0.35 miles away0.35 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.29 miles away0.29 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+4%+4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+38%+38%

Property History

Listed for £120,000

February 27, 2025

Description

* OFFERING NO ONWARD CHAIN *

Situated within walking distance of Kidderminster train station, this ground floor two bedroom apartment is perfect for a first time buy

Entering into the spacious hallway with built-in storage, the light & airy lounge diner is ideal for socialising or relaxing, a separate kitchen, a double bedroom and generous sized second bedroom and a contemporary shower room.

Externally the property benefits from manicured communal gardens and resident parking

Agent Details

Dixons, Kidderminster

01562 547727

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

4 Bed House, Single Let, Kidderminster, DY10 3AD

£665,000

2 views • a month ago • 129 m²

2 Bed Flat, Single Let, Kidderminster, DY10 3DW

£125,000

2 views • a month ago • 68 m²

Sold STC

2 Bed House, Single Let, Kidderminster, DY10 1TP

£220,000

3 views • 2 months ago • 101 m²

3 Bed House, Single Let, Kidderminster, DY10 1TP

£175,000

4 views • a month ago • 93 m²