eXp UK says ..
Property Reference: RA0772 - Attention Investors! This well-presented two-bedroom ground floor flat offers an excellent investment opportunity. Located within walking distance to Stourbridge Town Centre, the property currently has a sitting tenant paying £575 pcm with th...
Property Oracle says ..
This two-bedroom ground floor flat in Scotts Road, Stourbridge, presents itself as a potentially worthwhile investment opportunity. Its location near Stourbridge Town Centre is a significant advantage, offering residents easy access to a variety of amenities and transport connections. The proximity to several schools, including Greenfield Primary School (rated Outstanding), further enhances the property’s appeal, especially for families or those interested in renting to families.
The provided photographs reveal a clean and adequately maintained interior. However, the aesthetic would likely benefit from some updating. The kitchen and bathroom are functional and tidy.
The most significant drawback is the lack of land associated with the property. As a flat, the absence of a garden or private outdoor space reduces overall livability and appeal to many potential buyers.
The list price of £115,000 should be carefully considered in relation to the available comparable properties. While several properties are listed at similar prices in the area, a lack of precise square footage data for these properties makes a direct comparison challenging. However, given the location and the general condition, the pricing appears reasonable for a two-bedroom flat in this area, but potential buyers should conduct their own research using local property websites to ensure they are paying a fair price. Overall, this property may prove attractive to investors or those prioritizing convenience and location over expansive outdoor space. A thorough inspection and independent valuation should be undertaken before making a purchase decision.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 1
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 743.79
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 476,177.00 £Increased by 45.18 %
- Est sale value
- 271,483.35 £Increased by 19.67 %
- Average area rental value
- 1,045.00 £/moIncreased by 17.42 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 2.63 %Decreased by 19.33 %
- Crime Rate
- 8.00 %Unchanged by 0.00 %
Agent Activity
eXp UK created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| King Edward Vi College Stourbridge | Academy 16-19 Converter | Good | 0.32 KM |
| Stourbridge Children'S Centre | Children's Centre | 0.39 KM | |
| Greenfield Primary School | Community School | Outstanding | 0.56 KM |
| Amblecote Primary School | Community School | Good | 0.98 KM |
| Glasshouse College | Special Post 16 Institution | Good | 1.01 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| School Street | £ 0 | 0 | 0.00 KM |
| Short Street | £ 145,000 | 0 | 0.00 KM |
| Forge Road | £ 210,000 | 0 | 0.00 KM |
| Bath Road | £ 120,000 | 0 | 0.00 KM |
| Smith Fields Market | £ 165,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Stourbridge Town | 4643 | SBT | 1.06 KM |
| Stourbridge Junction | 4646 | SBJ | 2.25 KM |
| Lye (West Midlands) | 4640 | LYE | 3.87 KM |
| Hagley | 4577 | HAG | 4.04 KM |
| Blakedown | 4574 | BKD | 6.48 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Scotts Road, Stourbridge, DY8 1XZ | £ 115,000 | BUY | 5 / 10 | 0.00 KM |
| Spicer Lodge, Stourbridge | £ 149,950 | BUY | 5 / 10 | 0.03 KM |
| Spicer Lodge, Stourbridge, Stourbridge | £ 120,000 | BUY | 6 / 10 | 0.03 KM |
| Scholars Walk, Stourbridge, DY8 1HP | £ 250,000 | BUY | 7 / 10 | 0.09 KM |
| Scholars Walk, Stourbridge, DY8 1HP | £ 250,000 | BUY | 7 / 10 | 0.10 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 10 Scotts Road | £ 127,500 | 0.05 KM |
| 14 Scotts Road | £ 85,000 | 0.05 KM |
| 29 Enville Street | £ 185,000 | 0.07 KM |
| 25 Enville Street | £ 126,950 | 0.08 KM |
| 3 Queens Road | £ 152,000 | 0.15 KM |