# 2 bedroom retirement property for sale (B68 0LE)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 63, QUEENSRIDGE COURT, 82, QUEENSWAY, OLDBURY, WEST MIDLANDS B68 0LE |
| Price | £35,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | B |
| Construction age | England and Wales: 2007-2011 |
| Floor area | 64 m² |
| Last sold | £35,000 Aug 2025 |

## EPC Rating & Upgrade Cost

- **Current rating:** B
- **Potential rating:** B
- **Expiry date:** 05/01/2035
- **Current heating cost:** £170/year

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/6635-1429-0400-0056-5202)

## Description

An opportunity to acquire a two bedroom retirement apartment planned on the first floor situated on a complex with a host of facilities including 24 hour on-site emergency call facility, residents lounge, restaurant, hair salon, laundrette, communal gardens, communal parking and elevators.

The accommodation can be accessed via the ground floor level at the main entrance via the communal hall with a lift or staircase to first floor or alternatively the side/ rear first floor entrance located off Aldridge Road.

MAIN ACCOMODATION

Reception hall, open plan kitchen/living room, principle bedroom one with ensuite shower/wet room, further bedroom (or dining room). 55 year plus age requirement, 25% share is being sold, the remaining 75% share owned by Housing 21 a registered Housing association.

Front door opening onto:

ENTRANCE HALL: (Inner)

Thermostats to wall, intercom/emergency pull cord system, doors radiating off, door opening onto:

WALK-IN STORAGE CUPBOARD: Coat hooks.

CUPBOARD housing underfloor heating system.

KITCHEN/LIVING ROOM 3.21m x 7.30m (overall measurements) 

KITCHEN AREA:

Tiled floor finish, spot lights to ceiling, bowl and half single drainer stainless steel sink with mixer tap, recess for fridge freezer, ‘Zanussi’ cooker, ‘four’ ring electric hob with cooker hood above, base units with cupboards and drawers, under cupboard lighting, complementary work tops, tiled splash backs, storage cupboards at high level, plumbing for washing machine.

LIVING ROOM AREA:

Double glazed windows, thermostat to wall, coving to ceiling.

BEDROOM ONE: (Front) 2.81m x 5.07m

Double glazed window, thermostat to wall.

ENSUITE SHOWER ROOM: (Inner) 1.82m x 2.80m

Emergency pull cord system, towel rail, heated towel rail, W.C. with low level flush, pedestal wash hand basin with mixer tap, shower area, shower curtain rail, walls part tiled, mirror to wall, shaver point/light, cabinet to wall with mirrored door.

BEDROOM TWO/DINING ROOM: (Front) 2.95m (3.36m) x 2.55m

Double glazed window, thermostat to wall.

VIEWING

Strictly by prior appointment with agents.

COUNCIL TAX BAND B

REVISION 1 ELD/GTS 30.01.25

REVISION 2 ELD/GTS 19.02.25

REVISION 3 ELD/GTS 03.03.25

TENURE 

We are verbally advised that the property is leasehold for a term of 125 years from the 1st of January 2011. A 25% share is being sold a remaining 75% share owned by housing 21, a registered housing association. The agent has not checked the legal documents to verify the leasehold status of the property. The buyer has advised to obtain verification from their solicitor or surveyor.

SERVICES

Underfloor heating and hot water are provided by means of a central gas fired boiler within the apartment block, with each apartment having individual temperature control. The agents have not tested any apparatus equipment fixtures, fittings or services and so cannot verify they are in working order or fit for the purpose. The buyer has advised to obtain verification from their solicitor or surveyor.

FIXTURES AND FITTINGS

All items unless specifically referred to in these sales particulars are expressly excluded from the proposed sale.  

CHARGES

The service charge is levied in respect of direct staff for repairs of common parts/ communal areas, garden and cleaning. We are advised the charges mentioned are for this financial year ending 31st March 2025. 

Housing 21 has advised us that the property is subject to the following charges: rent £305.00 per calendar month, service charge £366.90 per calendar month, utility bills (gas and water) £86.16 per calendar month and support charge of £38.20 per calendar month. The total charges are £796.26. Core support, which is billed separately from the above charges and mandatory, is £35.38 per week (4 weekly £141.52). If additional care calls are required, the charge is £21.64 per hour (£32.60 hourly rate during bank holidays). Housing support services will be discussed with Housing 21 at the interview an assessment made of the level of service required and charge details issued. All charges detailed above  are subject to review. The buyer is advised to obtain verification from their solicitor or surveyor. Please note all charges are subject to change.

Housing 21 has advised us that the property is subject to the following charges for the upcoming year, from 1st April 2025 to 31st March 2026: rent of £305.00 per calendar month, service charge of £340.34 per calendar month, utility bills (gas and water) of £31.29 per calendar month, and a support charge of £33.50 per calendar month. The total monthly charges amount to £710.13.

APPROVAL OF PROSPECTIVE PURCHASER

The purchaser is to approved by Housing 21, approval is given by the court manager this is a two way process whereby information about the scheme, the housing support service and service charge are discussed with the prospective purchaser.

**Extra Services & Aml** - Money Laundering Regulations –

In order to comply with Money Laundering Regulations, all prospective purchasers are required to provide the following - 1. Satisfactory photographic identification. 2. Proof of address/residency. 3. Verification of the source of purchase funds including bank statements for deposits in order to purchase and copy of mortgage agreement in principle from the appropriate lender. In the absence of being able to provide appropriate physical copies of the above, Scriven & Co reserves the right to obtain electronic verification of identity. 

Extra services -

By law, the agent must tell the client if the agent or any connected person intends to earn any commission or any other fees from offering or referring other services to the client or buyer. If the agent or any connected person earns money from any of these services or referrals the agent or the connected person would keep this commission or fee. Part of the payment for these extra services will be paid to the agent as a result of the referral.

Scriven & Co offers the following services and has the following referral arrangements in place:

Scriven & Co routinely refers sellers (and buyers) to Infinity Financial Advice. It is the clients’ or buyers’ decision whether to choose to deal with Infinity Financial Advice. Should the client or a buyer decide to use Infinity Financial Advice the client or buyer should know that Scriven & Co receive a payment from Infinity Financial Advice equating on average to a figure in the order of £200 per referral.

Scriven & Co routinely refers sellers (and buyers) to certain firms of solicitors/conveyancers. It is the clients’ or buyers’ decision whether to choose to deal with any of the referral companies. Should the client or a buyer decide to use any of these companies the client or buyer should know that Scriven & Co receive a payment from these companies equating to a figure in the order of £100-£200 per referral. We are informed that the solicitors/conveyancers are happy to pay this referral fee to ourselves as it significantly reduces the marketing costs that they have to allocate to sourcing new business. The referral fee is NOT added to the conveyancing charges that would ordinarily be quoted.

The agent routinely refers sellers (and buyers) to Warren’s removals and storage. It is the clients’ or buyers’ decision whether to choose to deal with Warren’s removals and storage. Should the client or a buyer decide to use Warren’s removals and storage the client or a buyer should know that the agent receives a referral fee to the value of £50 from them for recommending a client or buyer to them.

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## Property Photos

- ![1.jpg](/listings/photos/156699008/481362) - 1.jpg
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## Floorplans

- ![Floorplan.JPG](/listings/photos/156699008/481385) - Floorplan.JPG

## EPC Graphs

- ![EE Rating](/listings/photos/156699008/481388) - EE Rating

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| QUEENSRIDGE COURT, 82 FLAT 63 QUEENSWAY, OLDBURY, SANDWELL, WEST MIDLANDS, B68 0LE | £35,000 | 15/08/2025 | Flat |
| QUEENSRIDGE COURT, 82 FLAT 63 QUEENSWAY, OLDBURY, SANDWELL, WEST MIDLANDS, B68 0LE | £20,000 | 18/07/2014 | Flat |
| QUEENSRIDGE COURT, 82 FLAT 63 QUEENSWAY, OLDBURY, SANDWELL, WEST MIDLANDS, B68 0LE | £28,875 | 17/08/2012 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| [Same street] QUEENSRIDGE COURT, 82 FLAT 82 QUEENSWAY, OLDBURY, SANDWELL, WEST MIDLANDS, B68 0LE | £100,000 | 20/10/2023 | Flat |
| [Same street] QUEENSRIDGE COURT, 82 FLAT 71 QUEENSWAY, OLDBURY, SANDWELL, WEST MIDLANDS, B68 0LE | £105,000 | 18/09/2023 | Flat |
| 4 ABBERLEY ROAD, OLDBURY, SANDWELL, WEST MIDLANDS, B68 0JL | £191,000 | 21/06/2023 | Other |
| [Same street] QUEENSRIDGE COURT, 82 FLAT 79 QUEENSWAY, OLDBURY, SANDWELL, WEST MIDLANDS, B68 0LE | £97,000 | 19/08/2022 | Flat |
| [Same street] QUEENSRIDGE COURT, 82 FLAT 66 QUEENSWAY, OLDBURY, SANDWELL, WEST MIDLANDS, B68 0LE | £101,250 | 08/06/2022 | Flat |
| [Same street] QUEENSRIDGE COURT, 82 FLAT 88 QUEENSWAY, OLDBURY, SANDWELL, WEST MIDLANDS, B68 0LE | £33,250 | 20/05/2022 | Flat |
| [Same street] QUEENSRIDGE COURT, 82 FLAT 68 QUEENSWAY, OLDBURY, SANDWELL, WEST MIDLANDS, B68 0LE | £101,000 | 27/04/2022 | Flat |
| [Same street] QUEENSRIDGE COURT, 82 FLAT 78 QUEENSWAY, OLDBURY, SANDWELL, WEST MIDLANDS, B68 0LE | £95,000 | 07/03/2022 | Flat |
| [Same street] QUEENSRIDGE COURT, 82 FLAT 58 QUEENSWAY, OLDBURY, SANDWELL, WEST MIDLANDS, B68 0LE | £31,000 | 08/11/2021 | Flat |
| [Same street] QUEENSRIDGE COURT, 82 FLAT 76 QUEENSWAY, OLDBURY, SANDWELL, WEST MIDLANDS, B68 0LE | £101,250 | 13/09/2021 | Flat |
| [Same street] QUEENSRIDGE COURT, 82 FLAT 69 QUEENSWAY, OLDBURY, SANDWELL, WEST MIDLANDS, B68 0LE | £95,000 | 03/09/2021 | Flat |
| [Same street] QUEENSRIDGE COURT, 82 FLAT 71 QUEENSWAY, OLDBURY, SANDWELL, WEST MIDLANDS, B68 0LE | £100,000 | 23/07/2021 | Flat |

**Street average:** £87,250 (11 sales)
**Area average:** £191,000 (1 sale)

## Rental Range

*ONS Price Index of Private Rents (Sandwell). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £845/mo
- **Realistic:** £939/mo
- **Optimistic:** £1,033/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Black Country (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £623/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Brandhall Ct, B68 | £1,080/mo | 2 | 0.39 miles | OpenRent |
| 2 Bed Terraced House, Wolverhampton Road, B68 | £1,350/mo | 2 | 0.48 miles | OpenRent |

**Average rent: £1,215/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 3.47% (strong)
- **Max investor price (0.8%):** £151,875
- **Target investor price (1%):** £121,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,215/mo).*

- **Gross yield:** 41.7%
- **Cost-to-rent:** 2.4×
- **Monthly cashflow:** £931/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 110%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £547/m²

## House Price Index (HM Land Registry)

*Official index for Sandwell; All dwelling types series; as of March 2026.*

- **1y growth (index):** 3.6%
- **5y growth (index):** 33.1%
- **10y growth (index):** 82.4%

## Flood risk

- **Zone:** 2
- **Risk:** In flood risk area
- **Source:** Environment Agency Flood Risk Areas (APSFR)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)