2 Bed Flat, Single Let, Worcester, WR3 7NX, £165,000

211 Weavers Court Checketts Lane, Worcester, WR3 7NX - 10 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£85K - £240K
Sold Prices/m²£1.4K/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£152,663

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£10,250

Total Cash In

£51,500

 

 

Cash Out

 

Rent Range

£650 - £2,200

Rent Estimate

£795

Running Costs/mo

£695

Cashflow/mo

£100

Cashflow/yr

£1,205

ROI

2%

Gross Yield

6%

Local Sold Prices

36 sold prices from £85K to £240K, average is £149.4K. £1.4K/m² to £3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£145.8K04/210.05 mi20, Sky Court, Worcester, Worcestershire WR3 7QJ2
£135K10/230.05 mi3, Sky Court, Worcester, Worcestershire WR3 7QJ2
£91.1K12/220.05 mi8, Checketts Close, Worcester, Worcestershire WR3 7JZ2
£168K05/220.08 miApartment 15, Weavers Court, Checketts Lane, Worcester, Worcestershire WR3 7NX2
£101K06/230.1 miFlat 28, Checketts Court, Droitwich Road, Worcester, Worcestershire WR3 7JU2
£123K10/210.1 miFlat 7, Checketts Court, Droitwich Road, Worcester, Worcestershire WR3 7JU2
£155K07/230.17 miFlat 15, Pinewood House, Coombs Road, Worcester, Worcestershire WR3 7HW2
£132K11/210.23 mi38, Penbury Street, Worcester, Worcestershire WR3 7JD2
£170K01/230.43 miFlat 40, Barbourne Works, Northwick Avenue, Worcester, Worcestershire WR3 7AT2
£135K08/210.44 miFlat 44, Barbourne Works, Northwick Avenue, Worcester, Worcestershire WR3 7AT2
£157K09/210.44 miFlat 30, Barbourne Works, Northwick Avenue, Worcester, Worcestershire WR3 7AT2
£140K05/210.44 miFlat 12, Barbourne Works, Northwick Avenue, Worcester, Worcestershire WR3 7AT2
£180.1K11/230.44 miBarbourne Works, Flat 31, Northwick Avenue, Worcester, Worcestershire WR3 7AT2
£156K06/230.44 miFlat 22, Barbourne Works, Northwick Avenue, Worcester, Worcestershire WR3 7AT2
£127.5K12/200.44 miFlat 28, Barbourne Works, Northwick Avenue, Worcester, Worcestershire WR3 7AT2
£162K04/230.44 miFlat 38, Barbourne Works, Northwick Avenue, Worcester, Worcestershire WR3 7AT2
£153K09/220.46 miFlat 14, Pinewood House, Coombs Road, Worcester, Worcestershire WR3 7HW2
£182K10/200.46 mi70, Addison Road, Worcester, Worcestershire WR3 8EA2
£175K06/210.46 mi60, Addison Road, Worcester, Worcestershire WR3 8EA2
£190K05/210.46 mi68, Addison Road, Worcester, Worcestershire WR3 8EA2
£195K11/220.48 mi48, Addison Road, Worcester, Worcestershire WR3 8EA2
£120K03/210.49 mi46, Eliot Road, Worcester, Worcestershire WR3 8DP2
£137.5K10/230.51 miFlat 4, Arlington Court, Droitwich Road, Worcester, Worcestershire WR3 7LG2
£182.5K08/230.51 mi7, Hardy Court, Worcester, Worcestershire WR3 8AT2
£168K08/220.51 mi37, Hardy Court, Worcester, Worcestershire WR3 8AT2
£182K08/230.51 mi67, Hardy Court, Worcester, Worcestershire WR3 8AT2
£240K08/230.51 mi45, Hardy Court, Worcester, Worcestershire WR3 8AT2
£128K06/210.53 mi21, Coleridge Close, Worcester, Worcestershire WR3 8EF2
£120K09/220.53 mi24, Gregorys Mill Street, Worcester, Worcestershire WR3 8AW2
£135K10/210.62 mi9, Turrall Street, Worcester, Worcestershire WR3 8AJ2
£101K11/200.72 miFlat 43, Gheluvelt Court, Brook Street, Worcester, Worcestershire WR1 1JB2
£89K06/210.72 miFlat 25, Gheluvelt Court, Brook Street, Worcester, Worcestershire WR1 1JB2
£90K07/230.72 miFlat 26, Gheluvelt Court, Brook Street, Worcester, Worcestershire WR1 1JB2
£85K11/230.72 miFlat 42, Gheluvelt Court, Brook Street, Worcester, Worcestershire WR1 1JB2
£187.7K11/230.88 miFlat 24, Gresham Court, Shrubbery Avenue, Worcester, Worcestershire WR1 1QH2
£160K07/230.88 miFlat 11, Gresham Court, Shrubbery Avenue, Worcester, Worcestershire WR1 1QH2

Local Rents

39 rents from £650/mo to £2.2K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£87508/240.04 mi-2
£86011/240.17 mi-2
£89511/240.31 miPerdiswell Street, Worcester, WR32
£95002/250.43 mi-2
£85011/240.44 miBarbourne Works, Northwick Avenue, Worcester, WR32
£95002/250.52 mi-2
£82011/240.53 mi-2
£1,00011/240.69 miThe Lane, WORCESTER2
£90011/240.7 miKiln Crescent, Worcester, Worcestershire, WR32
£79511/240.72 miBarbourne Road, Worcester, Worcestershire, WR12
£97511/240.74 miGregorys Bank, Barbourne, Worcester, WR32
£90007/240.76 mi-2
£90011/240.8 miSt. Georges Lane South, Barbourne, Worcester, WR12
£89511/240.89 miOld Baskerville, Barbourne Road, Worcester2
£75011/240.92 miFlat 7, Old Baskerville, Barbourne Road, Worcester, Worcestershire, WR1 1RU2
£85011/240.93 miThorneloe Place, Thorneloe Walk, Worcester, Worcestershire, WR12
£90008/240.94 mi-2
£85011/240.95 miBarbourne Road, Worcester, WR12
£85011/240.95 mi-2
£95011/240.95 mi-2
£85007/231 mi-2
£92509/241 mi-2
£2,16711/241 mi-2
£99503/241.02 mi-2
£2,20003/251.06 mi-2
£82511/241.08 miChestnut Street, Arboretum, Worcester, WR12
£80011/241.09 miBlackpole, Worcester2
£65002/241.1 mi-2
£70011/241.14 miAshford House, Rainbow Hill, Worcester, WR32
£95011/241.14 miAlbany Road, Worcester2
£97501/251.14 mi-2
£1,30011/241.19 miSurman Street, Worcester2
£89501/251.19 mi-2
£1,09511/241.19 miSurman Street, Worcester, WR1 1HL2
£95002/251.19 mi-2
£99511/241.2 miNorthfield Street, Worcester, Worcestershire, WR12
£85011/241.22 miHenwick Road, WORCESTER2
£87511/241.23 miWinchcombe Drive, Worcester2
£90003/251.24 mi-2

Local Area Statistics

Population in WR3

20,397

Population in Worcester

142,140

Town centre distance

1.84 miles away

Nearest school

0.30 miles away

Nearest train station

1.42 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Price changed to £165,000

December 14, 2024

Price changed to £169,995

September 10, 2024

Listed for £175,000

June 22, 2024

Floor Plans

Description

  • Two Double Apartment +
  • Located North Of The City Centre +
  • Light And Spacious Living Area +
  • Two Allocated Parking Spaces +
  • No Onward Chain +
  • Ideal Investment Or First Time Purchase with a rental potential of £750pcm exc +
  • Double Glazing +
  • Gas Central Heating +
  • Fitted Kitchen With Integrated Appliances +
  • EPC: B TENURE: Leasehold COUNCIL TAX BAND B +

Philip Laney & Jolly Worcester present to the market a well presented TWO BEDROOM apartment located on Checketts Lane in Worcester. Situated to the North of the city centre, this modern upper-floor apartment offers a delightful living space perfect for a first-time buyer or as an investment opportunity with a rental potential of £795pcm exc.

As you step inside, you are greeted by two spacious double bedrooms, providing ample space for relaxation or even a home office setup. The property boasts a well-maintained bathroom comprising panelled bath, pedestal wash hand basin and low level WC.

One of the highlights of this apartment is the open-plan living, dining, and kitchen area. This layout not only creates a sense of space and light but also offers a versatile living space where you can entertain guests or simply unwind after a long day.

Furthermore, the property comes with allocated parking, providing ease and convenience for those with vehicles. The absence of an onward chain makes this apartment an even more attractive prospect for those looking to make a swift and hassle-free purchase.

Don't miss out on the opportunity to own this lovely apartment in a desirable location. Whether you are looking to take your first step onto the property ladder or seeking a promising investment, this property on Checketts Lane is ideal.

Communal Entrance - Intercom system provides access with stairs rising to the upper floor.

Entrance Hallway - Intercom system, radiator and ceiling light point.

Living Room - Open plan light and spacious area with double glazed window to the side aspect, laminate flooring, radiator, two ceiling light points and two radiators.

Kitchen - Double glazed window, range of matching wall and base units with worksurfaces over, integrated fridge freezer, Diplomat dishwasher, Indesit washing machine, one and half sink and drainer, Gas Hob, built in oven and tiled splashbacks.

Bedroom One - Double glazed window, ceiling light point, loft access, radiator and built in storage cupboard.

Bedroom Two - Double glazed window, radiator and ceiling light point.

Outside Of Property - Communal grounds and parking for two vehicles

Tenure Leasehold - We understand (subject to legal verification) that the property is Leasehold.

Lease term 999 years with 980 years remaining.

Service charge including ground rent and buildings insurance is £105.78 payable on the 1st of every month

Verifying Id - Under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, the Agent is legally obliged to verify the identity of all buyers and sellers. In the first instance, we will ask you to provide legally recognised photographic identification (Passport, photographic driver’s licence, etc.) and documentary proof of address (utility bill, bank/mortgage statement, council tax bill etc). We will also use a third party electronic verification system in addition to this having obtained your identity documents. This allows them to verify you from basic details using electronic data, however it is not a credit check and will have no effect on you or your credit history. They may also use your details in the future to assist other companies for verification purposes.

Services - Mains electricity, gas, water and drainage were laid on and connected at the time of our inspection. We have not carried out any tests on the services and cannot therefore confirm that these are in working order or free from any defects.

Mobile Coverage - Mobile phone signal availability can be checked via Ofcom Mobile & Broadband checker on their website.

Broadband - We understand currently Superfast Fibre Broadband available at this property.

You can check and confirm the type of Broadband availability using the Openreach fibre checker

Council Tax Worcester - We understand the council tax band presently to be : B
Worcester Council

(Council Tax may be subject to alteration upon change of ownership and should be checked with the local authority).

Parking - Parking for the property is to the rear with two allocated parking spaces.

Agent Details

Philip Laney & Jolly, Worcester

01905 975270

Next Steps?

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