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2 bed flat for sale

£98,000 Offers over

Harrington Croft, West Bromwich B71

2 bed flat for sale 2 1 1
Interested in this property? Call +44 141 376 0473 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Buy-to-Let Opportunity
  • Long Term Tenant Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers
  • 2 Bedrooms
  • Three Piece Bathroom
  • Lounge and Kitchen
  • Parking Space
  • Prime Rental Location Within West Bromwich
  • Investment potential detailed below (Let Property Pack)

Property description

Our latest listing is a 2 bedroom flat located in West Bromwich. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, lounge, kitchen, three piece bathroom, and parking space.

Investment details

It currently produces an annual gross income of £7,800 which could be increased by the new owner to a market rate of £11,400 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion

Property info

Property value data/graphs for B71

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £402,951 £236 3.4 £306,710
Semi-detached £265,252 £160 3.0 £199,697
Terraced £236,667 £163 2.9 £166,554
Flats £157,522 £141 1.7 £89,438

Current asking prices in B71

Average: £265,203
Avg. current asking prices in B71
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £187,741
(18)
£288,037
(67)
£402,083
(12)
£367,500
(4)
Flats £77,500
(2)
£103,923
(13)
- - -
All £77,500
(2)
£152,591
(31)
£288,037
(67)
£402,083
(12)
£367,500
(4)

Current asking rents in B71

Average: £1,281 pcm
Avg. current asking prices in B71
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £982 pcm
(3)
£1,312 pcm
(8)
£1,814 pcm
(3)
£1,900 pcm
(2)
Flats £546 pcm
(1)
£849 pcm
(1)
- - -
All £546 pcm
(1)
£949 pcm
(4)
£1,312 pcm
(8)
£1,814 pcm
(3)
£1,900 pcm
(2)

Fun facts for B71

Highest value in B71
Highest value streets Zed-Index
Bassett Crescent £482,282
Cottesmore Close £387,357
Bird End £372,567
Marnham Road £366,939
Hopkins Drive £340,022
Highest turnover in B71
Highest turnover streets Turnover
Lloyd Street 41.7%
Wilkes Street 36.4%
Graham Road 32.1%
Tantany Lane 28.0%
Turners Croft 27.3%
Arrange Viewing

For more information about this property, please contact
Let Property, G12 on +44 141 376 0473 * (local rate)

Monthly running costs Beta

£480 Monthly total

Mortgage

Purchase price
Deposit (10%) 9,800
Repayment term 25
Interest rate 2.0
Your payment £373 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Contents value up to £15,000 Average insurance cost £15/mo (£181/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £21 Electricity £38 Estimated energy cost £59/mo How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 7900 kWh/year
Electricity: 2600 kWh/year

Source: National Energy Efficiency Data Framework

Water

Supply £13 Sewerage £20 Estimated water cost £33 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Let Property, and do not constitute property particulars. Please contact Let Property for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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