3 Bed Semi-Detached House, Refurb/BRRR, Kidderminster, DY10 1LR, £230,000

17 Kennedy Close, Kidderminster, DY10 1LR - 9 months ago

Refurb/BRRR
~95 m²
+7 photos

ValuationFair Value

Sold Prices£105K - £391K
Sold Prices/m²£1.3K/m² - £3.7K/m²

 

 

Square Metres

~94.50 m²
Price/m²£2.4K/m²

Value Estimate

£232,300

 

 

End Value (After Refurb)

£244,236

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£37,443

Bridging Loan Interest

£6,038

Total Cash In

£115,431

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£244,236

Mortgage (After Refinance)

£183,177

Mortgage LTV

75%

Cash Released

£10,677

Cash Left In

£104,754

Equity

£61,059

Rent Range

£750 - £1,650

Rent Estimate

£1,016

Running Costs/mo

£986

Cashflow/mo

£30

Cashflow/yr

£355

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £105K to £391K, average is £220K. £1.3K/m² to £3.7K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£305K12/200.11 mi3, Saxifrage Place, Kidderminster, Worcestershire DY10 1NH3
£230K07/210.13 mi39, Kent Close, Kidderminster, Worcestershire DY10 1NS3
£335K08/230.13 mi8, Aggborough Crescent, Kidderminster, Worcestershire DY10 1LG3
£255K08/230.15 mi36, Chester Road South, Kidderminster, Worcestershire DY10 1XJ3
£265K03/210.15 mi40, Chester Road South, Kidderminster, Worcestershire DY10 1XJ3
£245K12/220.16 mi239, Hoo Road, Kidderminster, Worcestershire DY10 1LT3
£190K01/210.16 mi15, College Road, Kidderminster, Worcestershire DY10 1LU3
£270.5K01/210.16 mi41, Forester Way, Kidderminster, Worcestershire DY10 1NT3
£183.5K05/210.18 mi62, Primrose Way, Kidderminster, Worcestershire DY10 1NG3
£254K09/210.18 mi63, Primrose Way, Kidderminster, Worcestershire DY10 1NG3
£259K08/210.18 mi2, Malvern Drive, Kidderminster, Worcestershire DY10 1LH3
£215K10/220.19 mi156, Hoo Road, Kidderminster, Worcestershire DY10 1LP3
£391K04/210.19 miLucerne, Aggborough Crescent, Kidderminster, Worcestershire DY10 1LQ3
£208K12/200.19 mi45, Aggborough Crescent, Kidderminster, Worcestershire DY10 1LQ3
£240K06/210.21 mi1, Tutors Way, Kidderminster, Worcestershire DY10 1PH3
£132K11/220.22 mi18, College Walk, Kidderminster, Worcestershire DY10 1PL3
£380K09/210.23 mi520, Chester Road South, Kidderminster, Worcestershire DY10 1XH3
£220K07/210.23 mi7, Yeoman Close, Kidderminster, Worcestershire DY10 1NU3
£227.5K07/210.24 mi28, Kestrel Close, Kidderminster, Worcestershire DY10 1NP3
£120K04/210.26 mi52, Ludlow Road, Kidderminster, Worcestershire DY10 1NW3
£105K04/210.27 mi29, Cobham Road, Kidderminster, Worcestershire DY10 1LF3
£152K05/230.27 mi19, Cobham Road, Kidderminster, Worcestershire DY10 1LF3
£330K10/220.28 mi2, Falcon Close, Kidderminster, Worcestershire DY10 1NN3
£258K09/230.28 mi4, Falcon Close, Kidderminster, Worcestershire DY10 1NN3
£112.5K11/200.3 mi67, Worcester Road, Kidderminster, Worcestershire DY10 1LB3
£119.3K12/200.3 mi50, Worcester Road, Kidderminster, Worcestershire DY10 1LB3
£225K09/230.31 mi11, St Peters Close, Kidderminster, Worcestershire DY10 1JX3
£177K09/210.31 mi17, St Peters Close, Kidderminster, Worcestershire DY10 1JX3
£260K06/230.37 mi51, Hoo Road, Kidderminster, Worcestershire DY10 1NB3
£201.5K07/210.44 mi3, Stewart Court, Kidderminster, Worcestershire DY10 1UR3
£210K10/230.44 mi10, Stewart Court, Kidderminster, Worcestershire DY10 1UR3
£194K03/210.45 mi27, Whinchat Grove, Kidderminster, Worcestershire DY10 4TH3
£174.5K01/210.45 mi79, Whinchat Grove, Kidderminster, Worcestershire DY10 4TH3
£195K10/200.49 mi46, Whinchat Grove, Kidderminster, Worcestershire DY10 4TJ3
£236K06/210.5 mi11, Humphries Drive, Kidderminster, Worcestershire DY10 1XQ3
£255K06/230.5 mi5, Humphries Drive, Kidderminster, Worcestershire DY10 1XQ3
£220K09/210.5 mi39, Humphries Drive, Kidderminster, Worcestershire DY10 1XQ3
£195K06/210.54 mi26, Peregrine Grove, Kidderminster, Worcestershire DY10 4UH3
£220K04/210.54 mi33, Chaffinch Drive, Spennells, Kidderminster, Worcestershire DY10 4SZ3
£205K03/210.55 mi99, Chaffinch Drive, Spennells, Kidderminster, Worcestershire DY10 4SY3
£240K12/220.55 mi98, Chaffinch Drive, Spennells, Kidderminster, Worcestershire DY10 4SY3
£265K06/210.55 mi154, Chester Road South, Kidderminster, Worcestershire DY10 1XB3
£170K02/230.55 mi59, Blount Terrace, Kidderminster, Worcestershire DY11 7AE3
£197K08/230.57 mi11, Warbler Place, Kidderminster, Worcestershire DY10 4DZ3
£167K06/210.57 mi37, Warbler Place, Kidderminster, Worcestershire DY10 4DZ3
£180K08/210.57 mi27, Beauchamp Avenue, Kidderminster, Worcestershire DY11 7AG3
£235K11/200.58 mi34, Blount Terrace, Kidderminster, Worcestershire DY11 7AF3
£238K06/230.6 mi6, Round Hill Wharf, Kidderminster, Worcestershire DY11 6US3
£185K01/210.6 mi44, Round Hill Wharf, Kidderminster, Worcestershire DY11 6US3
£207K10/210.6 mi63, Barn Owl Place, Kidderminster, Worcestershire DY10 4UN3

Local Rents

36 rents from £750/mo to £1.6K/mo, average is £963/mo.

RentDateDistanceAddressBeds 
£90012/240.32 miSt. Cecilia Close, KIDDERMINSTER3
£1,00012/230.36 mi-3
£1,00012/230.36 mi-3
£1,10002/240.56 mi-3
£1,10002/240.56 mi-3
£1,00012/240.63 miThe Firs Close, Kidderminster, Worcestershire3
£77512/240.72 miStourport Road, Kidderminster, Worcestershire3
£87512/240.75 miLorne Street, Kidderminster3
£90004/240.78 miEast Street, KIDDERMINSTER3
£1,40012/240.79 mi-3
£77512/240.83 miHolman Street, KIDDERMINSTER3
£90012/240.84 mi-3
£90012/240.84 mi-3
£90012/240.89 mi-3
£90012/240.89 mi-3
£85012/240.9 miAlbert Road, Kidderminster, DY103
£95012/240.91 miLeswell Street, KIDDERMINSTER3
£95003/240.91 miLeswell Street, Kidderminster3
£75003/240.92 mi-3
£75003/240.92 mi-3
£97512/240.94 miSutton Road, Kidderminster, Worcestershire3
£97512/240.95 miWood Street, Worcestershire3
£1,10003/241.07 miSycamore Close, KIDDERMINSTER3
£90003/241.08 miRadford Avenue, KIDDERMINSTER3
£90012/241.08 miRadford Avenue, KIDDERMINSTER3
£1,30012/241.12 mi-3
£1,30003/251.12 mi-3
£99507/231.12 mi-3
£99507/231.12 mi-3
£1,25004/251.12 mi-3
£95012/241.13 miLansdown Green, Kidderminster, Worcestershire, DY113
£97512/241.14 miWoodfield Street, Kidderminster, Worcestershire, DY113
£1,65003/241.16 miBirmingham Road, KIDDERMINSTER3
£1,20012/241.17 miNaylor Close, KIDDERMINSTER3
£1,10004/251.2 mi-3
£89512/241.22 miCorndon Close, KIDDERMINSTER3

Local Area Statistics

Population in DY10

35,493

Population in Kidderminster

74,037

Town centre distance

0.73 miles away

Nearest school

0.60 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £230,000

July 4, 2024

Floor Plans

Description

  • A Semi-Detached House +
  • 3 Bedrooms & Shower Room +
  • Living Room & Conservatory +
  • Modern Fitted Kitchen Diner +
  • Private Gardens +
  • Off Road Parking +
  • In Need of Some Modernisation +
  • Popular Residential Location - No Onward Chain +

The property is a well proportioned 3 bedroom semi detached home set in this popular and quiet location offering accommodation over two floors, within private enclosed gardens with off road parking. The property requires some modernisation and is available with vacant possession with no onward chain.

Directions - From Kidderminster railway station proceed in a southerly direction turning left before the round a bout onto Hoo Road. Continue for a short distance and take a left hand turn after the round a bout, onto Kennedy Close where No. 17 will be found on the right hand side as indicated by the agents For Sale board.

Location - Kennedy Close is conveniently situated on southern outskirts of Kidderminster with convenient access to the M5 Motorway links, with Junction 4a at Bromsgrove , Junction 5 at Droitwich and Worcester North, Junction 6 approximately 14 miles distant. The property is in a quiet cul-de-sac on a bus route with the railway station close by and a local park approximately 300 meters away. There are two good schools, both well thought of with good Ofsted ratings, less than a mile from the property in Foley Park Primary and King Charles Secondary Schools.

Introduction - The property is a well proportioned three bedroom semi detached home set in this popular and quiet location offering accommodation over two floors comprising three bedrooms and a first floor shower room. On the ground floor is an entrance hall, generous living room, modern fitted kitchen diner, cloakroom and conservatory, all within private enclosed gardens with off road parking. The property requires some modernisation and is available with vacant possession with no onward chain.

Full Details - The property is approached off Kennedy Close over a paved driveway with paved path leading to the main entrance into the reception hall.

Reception Hall - With turning staircase to the first floor, UPVC double glazed windows to the front aspect, ceiling mounted light fitting and single panel radiator. There is access into the living room.

Living Room - is an under stairs storage cupboard, range of power points, TV aerial lead, two radiators, two ceiling mounted light fittings and double glazed sliding doors to the rear accessing the rear conservatory. There is access to the kitchen diner.

Kitchen Diner - With modern fitted kitchen with a range of wooden effect rolled top work surfaces with inset one and a half stainless steel sink with swan neck mixer tap. There are a range of modern base and eye level gloss units providing plenty of storage with integrated eye level ‘Blaumberg’ electric oven, separate integrated ‘Indesit’ five ring gas hob space and plumbing for automatic washing machine, further space for fridge and tumble dryer. There are UPVC double glazed windows to front and side with space for dining table and chairs, power points, inset spot light spot ceiling and radiator.

Cloakroom - With a modern white suite comprising low level close coupled WC, vanity wash hand basin with stainless steel mixer tap, inset spot lights to ceiling and radiator.

Rear Conservatory - With power points, radiator, UPVC double glazed windows, pedestrian door to the side and double French doors to the rear garden.

First Floor Landing - With ceiling mounted light fitting, access to roof space, generous fitted cupboard housing the gas combination boiler. There is access to all three bedrooms and shower room.

Bedrooms - There are three bedrooms, two of which are situated to the front of the property, one to the rear, each with power points, radiators, ceiling mounted light fittings and one with fitted floor to ceiling double wardrobe.

Shower Room - Being extensively tiled with matching white suite of low level close coupled WC, pedestal wash hand basin, generous double shower cubicle with raised nonslip tray, wall mounted shower and glazed sliding doors. There is a wall mounted stainless steel heated towel rail, ceiling mounted light fitting and obscure UPVC double glazed window to the rear.

Outside - To the front there is a small lawned fore garden with a paved driveway and paved pathway leading to the main entrance with external courtesy lighting a gated access to the side of the property accessing the rear garden

The rear garden is enclosed via part wall, part wooden panel fencing with a paved seating patio with steps down to a lawned area with paved pathway leading to the rear of the garden.

Agents Note - The property requires further modernisation and improvements and is available with no onward chain and an internal inspection is recommended.

Services - Mains water, electricity, drainage and gas are understood to be connected. None of these services have been tested.

Fixtures & Fittings - Only those items described in these sale particulars are included in the sale.

Tenure - Freehold with Vacant Possession upon Completion.

Agent Details

Halls Estate Agents, Kidderminster

01562 543899

Next Steps?

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