6 Bed Detached House, Refurb/BRRR, Worcester, WR6 6XR, £700,000
CHURCH HOUSE Lockhill, Worcestershire, WR6 6XR - 2 years ago
Refurb/BRRR
~276 m²
+23 photos
ValuationFair Value
| Sold Prices | £330K - £685K |
| Sold Prices/m² | £2K/m² - £5.3K/m² |
| |
Square Metres | ~276 m² |
| Price/m² | £2.5K/m² |
Value Estimate | £707,000 |
| |
End Value (After Refurb) | £811,765 |
Uplift in Value | +16% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £175,000 |
Stamp Duty & Legal Fees | £44,700 |
Refurb Costs | £108,619 |
Bridging Loan Interest | £18,375 |
Total Cash In | £348,444 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £811,765 |
Mortgage (After Refinance) | £608,824 |
Mortgage LTV | 75% |
Cash Released | £83,824 |
Cash Left In | £264,621 |
Equity | £202,941 |
Rent Range | £500 - £500 |
Rent Estimate | £500 |
Running Costs/mo | £2,657 |
Cashflow/mo | £-2,157 |
Cashflow/yr | £-25,881 |
Gross Yield | 1% |
Local Sold Prices
9 sold prices from £330K to £685K, average is £440K. £2K/m² to £5.3K/m², average is £3.4K/m².
Local Rents
1 rents from £500/mo to £500/mo, average is £500/mo.
Local Area Statistics
Population in WR6 | 12,214 |
Population in Worcester | 142,140 |
Town centre distance | 11.95 miles away |
Nearest school | 1.50 miles away |
Nearest train station | 11.28 miles away |
| |
Rental growth (12m) | +35% |
Sales demand | Balanced market |
Capital growth (5yrs) | +38% |
Property History
Listed for £700,000
April 11, 2023
Sold for £96,000
1995
Floor Plans
