2 Bed Flat, Single Let, Oldbury, B69 4BH, £100,000

Bromford Road, Oldbury, B69 4BH - 1 views - a month ago

Leasehold

Auction

BTL

ROI: 12%

~68 m²

ValuationUndervalued

Sold Prices	£53.5K - £137.5K
Sold Prices/m²	£735/m² - £2.8K/m²

Square Metres	~68.11 m²
Price/m²	£1.5K/m²
Value Estimate	£119,510£119,510
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£25,000£25,000
Stamp Duty & Legal Fees	£6,200£6,200
Total Cash In	£31,200£31,200

Cash Out
Rent Range	£745 - £1,250£745 - £1,250
Rent Estimate	£806
Running Costs/mo	£494£494
Cashflow/mo	£312£312
Cashflow/yr	£3,748£3,748
ROI	12%12%
Gross Yield	10%10%

Local Sold Prices

50 sold prices from £53.5K to £137.5K, average is £96.5K. £735/m² to £2.8K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£130K	09/22	0.01 mi	5, Bromford Road, Oldbury, West Midlands B69 4BH	£1,912	68	2	Flat
£105K	07/22	0.06 mi	25, Kellner Gardens, Oldbury, West Midlands B69 3DX	£1,875	56	2	Flat
£101K	01/23	0.06 mi	23, Kellner Gardens, Oldbury, West Midlands B69 3DX	£1,772	57	2	Flat
£122.5K	01/21	0.08 mi	6, Kellner Gardens, Oldbury, West Midlands B69 3DX	£1,750	70	2	Flat
£86K	03/21	0.27 mi	42, Flash Road, Oldbury, West Midlands B69 4AE	£1,599	54	2	Flat
£97K	07/21	0.5 mi	6, Waterways Drive, Oldbury, West Midlands B69 2EX	£2,109	46	2	Flat
£87.5K	06/21	0.51 mi	16, The Moorings, Oldbury, West Midlands B69 2DD	-	-	2	Flat
£95K	10/21	0.62 mi	72, Brades Road, Oldbury, West Midlands B69 2FD	£1,696	56	2	Flat
£102K	10/21	0.62 mi	72a, Brades Road, Oldbury, West Midlands B69 2FD	£1,308	78	2	Flat
£101K	03/23	0.66 mi	55, Mehdi Road, Oldbury, West Midlands B69 2GE	£1,683	60	2	Flat
£96K	12/20	0.66 mi	4, Mehdi Road, Oldbury, West Midlands B69 2GE	£1,315	73	2	Flat
£100K	03/21	0.68 mi	28, Summerton Road, Oldbury, West Midlands B69 2GF	£1,818	55	2	Flat
£95K	04/23	0.68 mi	18, Summerton Road, Oldbury, West Midlands B69 2GF	£1,759	54	2	Flat
£112K	11/22	0.77 mi	117, Ashtree Road, Tividale, Oldbury, West Midlands B69 2HB	-	-	2	Flat
£127K	09/22	0.88 mi	29, New Birmingham Road, Tividale, Oldbury, West Midlands B69 2JJ	-	-	2	Flat
£72K	06/21	1.02 mi	78, Peel Way, Tividale, Oldbury, West Midlands B69 3JY	-	-	2	Flat
£90K	03/23	1.06 mi	Flat 2, Macauley House, Glover Street, West Bromwich, West Midlands B70 6DY	-	-	2	Flat
£53.5K	02/21	1.11 mi	Flat 11, Radnall House, Wallace Close, Oldbury, West Midlands B69 1HN	-	-	2	Flat
£120K	12/21	1.16 mi	52, Creed Way, West Bromwich, West Midlands B70 9JW	-	-	2	Flat
£115K	11/22	1.16 mi	56, Creed Way, West Bromwich, West Midlands B70 9JW	£1,949	59	2	Flat
£57K	01/21	1.17 mi	35, Creed Way, West Bromwich, West Midlands B70 9JT	£1,075	53	2	Flat
£85K	11/22	1.2 mi	20, Martley Road, Oldbury, West Midlands B69 1DZ	£1,349	63	2	Flat
£80K	12/22	1.33 mi	30, Blue Rock Place, Tividale, Oldbury, West Midlands B69 1PB	£1,429	56	2	Flat
£115K	03/23	1.38 mi	21, The Pineways, Oldbury, West Midlands B69 1JL	£2,300	50	2	Flat
£122.5K	09/22	1.42 mi	14, Ashwood Close, Oldbury, West Midlands B69 4SD	£1,974	62	2	Flat
£62.5K	08/22	1.42 mi	19a, Jesson Street, West Bromwich, West Midlands B70 6PR	£735	85	2	Flat
£114K	04/21	1.44 mi	35, Ashwood Close, Oldbury, West Midlands B69 4SD	£1,606	71	2	Flat
£117.5K	05/23	1.44 mi	36, Ashwood Close, Oldbury, West Midlands B69 4SD	£1,567	75	2	Flat
£122K	08/22	1.45 mi	387, Titford Road, Oldbury, West Midlands B69 4QW	-	-	2	Flat
£133.5K	12/22	1.46 mi	395, Titford Road, Oldbury, West Midlands B69 4QW	£2,119	63	2	Flat
£92.5K	12/22	1.46 mi	18, Titford Lane, Rowley Regis, West Midlands B65 0PT	£2,256	41	2	Flat
£70K	12/20	1.48 mi	18, Titford Lane, Rowley Regis, West Midlands B65 0PT	£1,707	41	2	Flat
£95K	08/22	1.49 mi	Flat 17, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG	-	-	2	Flat
£73K	07/22	1.5 mi	52, Winchester Close, Rowley Regis, West Midlands B65 0PW	£1,721	42	2	Flat
£80K	06/22	1.5 mi	55, Winchester Close, Rowley Regis, West Midlands B65 0PW	£1,778	45	2	Flat
£70K	12/20	1.5 mi	48, Winchester Close, Rowley Regis, West Midlands B65 0PW	£1,707	41	2	Flat
£58.8K	02/21	1.51 mi	18, Portway Road, Rowley Regis, West Midlands B65 9DB	£963	61	2	Flat
£105K	12/22	1.51 mi	12, Princes Gate, West Bromwich, West Midlands B70 6HU	£2,333	45	2	Flat
£103K	11/21	1.51 mi	59, Princes Gate, West Bromwich, West Midlands B70 6HU	£1,943	53	2	Flat
£101.5K	04/21	1.51 mi	43, Princes Gate, West Bromwich, West Midlands B70 6HU	£2,030	50	2	Flat
£92.5K	12/22	1.51 mi	15, Princes Gate, West Bromwich, West Midlands B70 6HU	£1,713	54	2	Flat
£136K	02/23	1.53 mi	101, Durham Road, Rowley Regis, West Midlands B65 0SH	£2,776	49	2	Flat
£92K	11/22	1.53 mi	77, Durham Road, Rowley Regis, West Midlands B65 0SH	£1,878	49	2	Flat
£70K	07/22	1.53 mi	21, Durham Road, Rowley Regis, West Midlands B65 0SH	£1,370	51	2	Flat
£92.5K	06/21	1.62 mi	Flat 12, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG	-	-	2	Flat
£90K	02/21	1.62 mi	Flat 7, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG	-	-	2	Flat
£97K	12/21	1.62 mi	Flat 14, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG	-	-	2	Flat
£106K	07/22	1.62 mi	36, St Clements Lane, West Bromwich, West Midlands B71 4EU	£2,162	49	2	Flat
£137.5K	09/22	1.63 mi	Flat 1, Brandhall Court, Wolverhampton Road, Oldbury, West Midlands B68 8DE	-	-	2	Flat
£69.5K	10/21	1.67 mi	105, Fisher Street, Great Bridge, Tipton, West Midlands DY4 7ES	£1,241	56	2	Flat

Local Rents

24 rents from £745/mo to £1.3K/mo, average is £925/mo.

Rent	Date	Distance	Address	Beds	Type
£1,250	12/24	0.01 mi	John Sullivan Way, Oldbury, B69	2	Detached House
£999	03/24	0.01 mi	-	2	Flat
£999	12/24	0.01 mi	Oldbury, Oldbury, B69	2	Flat
£1,000	01/24	0.08 mi	-	2	Flat
£850	12/24	0.11 mi	The Crossing, Oldbury, West Midlands, B69	2	Flat
£1,100	04/25	0.11 mi	-	2	Flat
£900	01/24	0.25 mi	-	2	Flat
£900	12/24	0.27 mi	-	2	Flat
£745	12/24	0.37 mi	Stone Street, Oldbury, West Midlands, B69	2	Flat
£850	03/25	0.39 mi	-	2	Flat
£1,050	12/24	0.48 mi	-	2	Semi-Detached House
£800	02/25	0.49 mi	-	2	Terraced House
£825	12/24	0.49 mi	Waterways Drive, Oldbury, West Midlands, B69	2	Flat
£1,025	04/25	0.5 mi	-	2	Terraced House
£900	01/24	0.5 mi	-	2	Flat
£900	03/25	0.5 mi	-	2	Flat
£1,050	12/24	0.5 mi	-	2	Semi-Detached House
£900	12/24	0.52 mi	-	2	Flat
£950	02/25	0.52 mi	-	2	Flat
£1,100	12/24	0.55 mi	-	2	Terraced House
£975	02/25	0.56 mi	-	2	Terraced House
£1,200	04/25	0.61 mi	-	2	Semi-Detached House
£900	01/24	0.61 mi	-	2	Flat
£900	01/24	0.61 mi	-	2	Flat

Local Area Statistics

Population in B69	29,01129,011
Population in Oldbury	59,93559,935
Town centre distance	1.17 miles away1.17 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.17 miles away0.17 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+16%+16%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+28%+28%

Property History

Listed for £100,000

March 20, 2025

Floor Plans

Description

National Online Auction 15/04/2025 +
Bidding Registration Required +
Viewings Via Appointment +

A purpose built two bedroom first floor apartment situated in Oldbury. This property is ideal for first time buyers & investors, and is ready to move into. The property is within walking distance of Sandwell & Dudley Train Station, making it the ideal location for commuters.The property is leasehold, and we have been made aware there are approx. 108 years unexpired remaining. We have also been advised by the seller that there is an annual ground rent of £150 ( please check legal pack) We are advised there is one allocated parking with the property ( please check legal pack for confirmation) and communal gardens.

Agent Details

Auction House Birmingham & Black Country, Aldridge., Aldridge

0121 387 6578

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.

2 Bed Flat, Public Notice, Oldbury, B69 4BH

£125,000

2 views • 5 months ago • 67 m²

3 Bed House, Single Let, Oldbury, B69 4AW

£270,000

2 views • a month ago • 93 m²

2 Bed Flat, Single Let, Oldbury, B69 3DX

£120,000

2 views • a year ago • 68 m²

3 Bed House, Single Let, Oldbury, B69 3ED

£315,000

2 views • 2 months ago • 93 m²