2 Bed Flat, Single Let, West Bromwich, B70 6HU, £115,000
ValuationUndervalued
Sold Prices | £55.5K - £148K |
Sold Prices/m² | £735/m² - £2.3K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1.7K/m² |
Value Estimate | £119,941£119,941 |
BMV | 4% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £28,750£28,750 |
Stamp Duty & Legal Fees | £4,650£4,650 |
Total Cash In | £33,400£33,400 |
| |
Cash Out | |
Rent Range | £750 - £1,650£750 - £1,650 |
Rent Estimate | £650 |
Running Costs/mo | £509£509 |
Cashflow/mo | £141£141 |
Cashflow/yr | £1,688£1,688 |
ROI | 5%5% |
Gross Yield | 7%7% |
Local Sold Prices
45 sold prices from £55.5K to £148K, average is £100K. £735/m² to £2.3K/m², average is £1.8K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£105K | 12/22 | 0.02 mi | 12, Princes Gate, West Bromwich, West Midlands B70 6HU | £2,333 | 45 | 2 | Flat | |
£103K | 11/21 | 0.02 mi | 59, Princes Gate, West Bromwich, West Midlands B70 6HU | £1,943 | 53 | 2 | Flat | |
£101.5K | 04/21 | 0.02 mi | 43, Princes Gate, West Bromwich, West Midlands B70 6HU | £2,030 | 50 | 2 | Flat | |
£92.5K | 12/22 | 0.02 mi | 15, Princes Gate, West Bromwich, West Midlands B70 6HU | £1,713 | 54 | 2 | Flat | |
£62.5K | 08/22 | 0.12 mi | 19a, Jesson Street, West Bromwich, West Midlands B70 6PR | £735 | 85 | 2 | Flat | |
£90K | 03/23 | 0.55 mi | Flat 2, Macauley House, Glover Street, West Bromwich, West Midlands B70 6DY | - | - | 2 | Flat | |
£106K | 07/22 | 0.69 mi | 36, St Clements Lane, West Bromwich, West Midlands B71 4EU | £2,162 | 49 | 2 | Flat | |
£115K | 11/22 | 0.98 mi | 56, Creed Way, West Bromwich, West Midlands B70 9JW | £1,949 | 59 | 2 | Flat | |
£120K | 12/21 | 0.98 mi | 52, Creed Way, West Bromwich, West Midlands B70 9JW | - | - | 2 | Flat | |
£57K | 01/21 | 0.99 mi | 35, Creed Way, West Bromwich, West Midlands B70 9JT | £1,075 | 53 | 2 | Flat | |
£95K | 07/21 | 1.01 mi | Flat 259, Hallam Court, Hallam Street, West Bromwich, West Midlands B71 4HT | - | - | 2 | Flat | |
£99.8K | 11/22 | 1.14 mi | 14, Austen Walk, West Bromwich, West Midlands B71 1RD | £1,497 | 67 | 2 | Flat | |
£100K | 11/22 | 1.16 mi | 38, Church Vale, West Bromwich, West Midlands B71 4DB | £2,058 | 49 | 2 | Flat | |
£85K | 05/21 | 1.26 mi | 4, Overton Place, West Bromwich, West Midlands B71 1RL | £1,417 | 60 | 2 | Flat | |
£67K | 06/22 | 1.26 mi | 3, Overton Place, West Bromwich, West Midlands B71 1RL | - | - | 2 | Flat | |
£107K | 02/22 | 1.32 mi | 60, Ford Street, Smethwick, West Midlands B67 7QY | £1,945 | 55 | 2 | Flat | |
£100K | 10/22 | 1.34 mi | 134, Gladstone Street, West Bromwich, West Midlands B71 1ER | £1,851 | 54 | 2 | Flat | |
£78K | 02/21 | 1.34 mi | 134, Gladstone Street, West Bromwich, West Midlands B71 1ER | £1,444 | 54 | 2 | Flat | |
£95K | 08/22 | 1.36 mi | Flat 17, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG | - | - | 2 | Flat | |
£110K | 05/23 | 1.37 mi | 9, Westley Court, West Bromwich, West Midlands B71 1HH | £1,746 | 63 | 2 | Flat | |
£92K | 08/21 | 1.37 mi | 35, Westley Court, West Bromwich, West Midlands B71 1HH | £1,484 | 62 | 2 | Flat | |
£120K | 04/22 | 1.37 mi | 22, Westley Court, West Bromwich, West Midlands B71 1HH | £2,105 | 57 | 2 | Flat | |
£122.5K | 01/21 | 1.45 mi | 6, Kellner Gardens, Oldbury, West Midlands B69 3DX | £1,750 | 70 | 2 | Flat | |
£105K | 07/22 | 1.46 mi | 25, Kellner Gardens, Oldbury, West Midlands B69 3DX | £1,875 | 56 | 2 | Flat | |
£101K | 01/23 | 1.46 mi | 23, Kellner Gardens, Oldbury, West Midlands B69 3DX | £1,772 | 57 | 2 | Flat | |
£92.5K | 06/21 | 1.5 mi | Flat 12, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG | - | - | 2 | Flat | |
£90K | 02/21 | 1.5 mi | Flat 7, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG | - | - | 2 | Flat | |
£97K | 12/21 | 1.5 mi | Flat 14, Poets Court, Old Meeting Street, West Bromwich, West Midlands B70 9AG | - | - | 2 | Flat | |
£86K | 03/21 | 1.51 mi | 42, Flash Road, Oldbury, West Midlands B69 4AE | £1,599 | 54 | 2 | Flat | |
£130K | 09/22 | 1.52 mi | 5, Bromford Road, Oldbury, West Midlands B69 4BH | £1,912 | 68 | 2 | Flat | |
£55.5K | 12/21 | 1.53 mi | Flat 4, Louis Court, South Road, Smethwick, West Midlands B67 7BT | - | - | 2 | Flat | |
£148K | 06/23 | 1.57 mi | Flat 20, Gaiety House, Regent Street, Smethwick, West Midlands B66 3BF | - | - | 2 | Flat | |
£97K | 06/23 | 1.66 mi | 39, Harrington Croft, West Bromwich, West Midlands B71 3RJ | £1,644 | 59 | 2 | Flat | |
£98K | 12/20 | 1.66 mi | 95, Harrington Croft, West Bromwich, West Midlands B71 3RJ | £1,661 | 59 | 2 | Flat | |
£103K | 04/21 | 1.66 mi | 73, Harrington Croft, West Bromwich, West Midlands B71 3RJ | £1,404 | 73 | 2 | Flat | |
£107K | 10/21 | 1.66 mi | 67, Harrington Croft, West Bromwich, West Midlands B71 3RJ | - | - | 2 | Flat | |
£125K | 06/23 | 1.66 mi | 111, Harrington Croft, West Bromwich, West Midlands B71 3RJ | - | - | 2 | Flat | |
£95K | 11/22 | 1.72 mi | 124, Wiltshire Way, West Bromwich, West Midlands B71 1JU | £1,900 | 50 | 2 | Flat | |
£116K | 06/23 | 1.77 mi | Apartment 2, Elwell House, Shropshire Way, West Bromwich, West Midlands B71 1BJ | - | - | 2 | Flat | |
£110K | 02/23 | 1.79 mi | 90, Princess Grove, West Bromwich, West Midlands B71 2DS | £2,040 | 54 | 2 | Flat | |
£131K | 09/23 | 1.8 mi | Apartment 3, Ridgeacre House, Shropshire Way, West Bromwich, West Midlands B71 1BZ | - | - | 2 | Flat | |
£120K | 02/23 | 1.81 mi | 17, Barnstaple Road, Smethwick, West Midlands B66 3HN | £2,182 | 55 | 2 | Flat | |
£80K | 06/22 | 1.81 mi | 71, Princess Grove, West Bromwich, West Midlands B71 2DS | £1,481 | 54 | 2 | Flat | |
£97K | 07/21 | 1.97 mi | 6, Waterways Drive, Oldbury, West Midlands B69 2EX | £2,109 | 46 | 2 | Flat | |
£87.5K | 06/21 | 1.99 mi | 16, The Moorings, Oldbury, West Midlands B69 2DD | - | - | 2 | Flat |
Local Rents
50 rents from £750/mo to £1.6K/mo, average is £1.2K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£750 | 12/24 | 0.02 mi | 1 Princes Gate, Beeches Road, West Bromwich | 2 | Flat | |
£850 | 12/24 | 0.02 mi | Princes Gate, WEST BROMWICH | 2 | Flat | |
£850 | 12/24 | 0.02 mi | Princes Gate, WEST BROMWICH | 2 | Flat | |
£925 | 12/24 | 0.24 mi | Burlington Avenue, West Bromwich,West Midlands, B70 | 2 | Terraced House | |
£1,100 | 12/24 | 0.3 mi | Birmingham Road, West bromwich | 2 | Flat | |
£900 | 02/25 | 0.37 mi | - | 2 | Flat | |
£1,650 | 04/25 | 0.39 mi | - | 2 | Flat | |
£800 | 12/24 | 0.49 mi | Bell Street, WEST BROMWICH | 2 | Flat | |
£970 | 12/24 | 0.68 mi | Victoria Street, WEST BROMWICH | 2 | Flat | |
£950 | 12/24 | 0.69 mi | St. Clements Lane, WEST BROMWICH | 2 | Flat | |
£975 | 12/24 | 0.69 mi | St. Clements Lane, WEST BROMWICH | 2 | Flat | |
£825 | 12/24 | 0.7 mi | West Gate Plaza, West Bromwich | 2 | Flat | |
£900 | 12/24 | 0.88 mi | Grafton Road, West Bromwich, West Midlands, B71 | 2 | Flat | |
£850 | 02/24 | 0.88 mi | - | 2 | Flat | |
£875 | 12/24 | 0.88 mi | - | 2 | Flat | |
£950 | 04/25 | 0.88 mi | - | 2 | Flat | |
£775 | 04/25 | 0.88 mi | - | 2 | Flat | |
£1,180 | 02/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,250 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,170 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,170 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,170 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,170 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,170 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 03/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 12/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 12/24 | 0.96 mi | - | 2 | Flat | |
£1,180 | 01/25 | 0.96 mi | - | 2 | Flat | |
£1,100 | 03/25 | 0.96 mi | - | 2 | Flat | |
£850 | 02/24 | 0.97 mi | - | 2 | Flat | |
£850 | 02/24 | 0.97 mi | - | 2 | Flat | |
£850 | 02/24 | 0.97 mi | - | 2 | Flat | |
£850 | 02/24 | 0.97 mi | - | 2 | Flat |
Local Area Statistics
Population in B70 | 27,77227,772 |
Population in West Bromwich | 58,70558,705 |
Town centre distance | 1.15 miles away1.15 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 0.36 miles away0.36 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +13%+13% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +33%+33% |
Property History
Listed for £115,000
September 9, 2020
Description
- Second Floor Apartment in Modern Building +
- Electrically Heated +
- Double Glazed Windows +
- Spacious Reception Room +
- Modern Fitted Kitchen +
- Two Bedrooms +
- Master with En-suite Shower Room +
- Currently Tenanted (see below information) +
- Allocated Off-Road Parking +
- Energy Performance Rating - D (61) +
Angel Estates - 'Your Housing Guardians' are pleased to offer this two bedroom, second floor apartment located with modern and much sought after residential area situated on the outskirts of West Bromwich Town Centre.
Benefiting from double glazed windows, electric heating, door entry intercom system and allocated parking as well as being in close proximity to local amenities including shopping centre, bus routes, Metro Line and M5/M6 motorway links.
Briefly comprising of:- Entrance into communal hallway with stairs to first and second floor landings. Door leads onto communal landing with entrance doors into individual apartments.
Entrance into hallway with storage and separate airing cupboards, panelled door's into family bathroom, spacious reception room with door off leading into fitted kitchen, bedroom two, master bedroom with separate En-suite shower room.
Externally, well maintained communal gardens and grounds with allocated parking and additional visitors spaces.
This property is an ideal purchase for the savvy investors amongst you. Call to arrange your viewing.
Entrance:
Paved pathway leads towards ground floor communal entrance with security intercom system and canopy above. Door leads into communal hallway with access to metering cupboard and staircase to first and second floors respectively. From second floor landing, panelled door towards left-hand side leads directly into property:-
Internal Hallway:
Carpeted flooring, wall mounted electric panel heater, pendant light fitting, smoke alarm and access to loft space within ceiling. From hallway, panelled door to left-hand side leads into:-
Airing Cupboard: (Unmeasured)
Carpeted flooring, large water tank with immersion heater and wooden shelving above. From hallway, panelled door to right-hand side leads into:-
Hallway Cupboard: (Unmeasured)
Carpeted flooring, wall mounted coat rail and electric fuse board. From hallway, panelled door to side leads into:-
Family Bathroom: 7'2'' x 5'8''
Carpeted flooring, wall mounted 'Atlantic heated towel rail', enclosed lighting and extraction fan to ceiling. Bathroom suite comprises of:- Panelled bath, low level flush toilet, built-in vanity unit with inset wash basin and taps, electric shaver socket to adjacent wall and partly tiled walls as splashback surrounding appropriate areas. From hallway, panelled door leads into:-
Reception Room: 14'5'' (max) 3'2'' (min, within recess) x 12'5'' (max, into recess) 10'8'' (min)
Carpeted flooring, wall mounted electric panel heater, separate fire surround with electric fire, two double glazed windows with additional secondary glazing to rear and side elevations, two pendant light fittings and smoke alarm to ceiling. Panelled door to side, leads into:-
Kitchen: 10'9'' x 7'2''
Vinyl tiled flooring, light fitting to ceiling, wall mounted electric panel heater and double-glazed window to side elevation. Range of kitchen base and wall units with roll top work surfaces, single bowl sink, drainer and mixer tap. Electric fan assisted oven with four ring electric hob and extractor hood above. Separate space for under counter fridge or freezer and separate space for washing machine. From hallway, panelled door leads into:-
Bedroom Two (Rear): 10'9'' x 6'7''
Carpeted flooring, wall mounted electric panel heater, pendant light fitting to ceiling and double-glazed window with secondary glazing to rear elevation. From hallway, panelled door leads into:-
Master Bedroom (Rear): 12'9'' x 8'3''
Carpeted flooring, wall mounted electric panel heater, pendant light fitting to ceiling and double-glazed window with additional secondary glazing to rear elevation. Panelled door to side, leads into:-
En-Suite Shower Room: 5'4'' x 3'6''
Carpeted flooring, wall mounted 'Atlantic heated towel rail', enclosed lighting and extraction fan to ceiling. Corner shower enclosure (tiled walls inside) with thermostatic shower above, pedestal wash basin with partly tiled wall as splash back and low-level flush toilet.
Communal Gardens and Grounds:
Surrounding the building wooden boundary fencing with well-maintained laid lawns, gravelled borders with mature shrubs and tree lined towards rear boundary. Communal waste bins are located opposite entrance adjacent free standing, lockable post boxes. Property has one allocated parking space with various additional 'visitor's spaces'.
Additional Charges:
According to documents supplied by the Vendor, for the current financial year, the property is subject a half yearly Service Charge of £798.05 (subject to potential change) and a separate half yearly ground rent of £52.50 (payable to different companies). Please be advised that additional fees could be incurred for items such as Leasehold Packs.
Local Authority Charge: (Financial Year 2024-25)
The property has been 'Banded A' (information correct as per Valuation Office Agency website) and falls under the jurisdiction of Sandwell Metropolitan Borough Council. For the current financial year, council tax charges are £1,351.88 per annum.
Please Note:
The property is currently rented for a £650.00 per calendar month (exclusive of bills) and the occupying tenants are currently on a periodic tenancy (until a buyer has been sourced). Vacant possession under separate negotiation.
Services:
All mains electricity and water are connected; none of these services have been tested during our inspection.
Tenure:
We are advised that the property tenure is Leasehold; confirmation of which should be obtained by reference to the title deeds and we believe that there is approximately 135 years (of 155) remaining on the lease (which commenced on 1st May 2004).
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