5 Bed Detached House, Refurb/BRRR, Kidderminster, DY10 4SA, £750,000

The Village, Chaddesley Corbett, Worcestershire, DY10 4SA - 1 views - 9 months ago

Sold STC

Refurb/BRRR

~178 m²

+21 photos

ValuationOvervalued

Sold Prices	£420K - £1.2M
Sold Prices/m²	£2.3K/m² - £5K/m²

Square Metres	~178.28 m²
Price/m²	£4.2K/m²
Value Estimate	£595,500£595,500

End Value (After Refurb)	£688,000£688,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£187,500£187,500
Stamp Duty & Legal Fees	£63,700£63,700
Refurb Costs	£70,640£70,640
Bridging Loan Interest	£19,688£19,688
Total Cash In	£343,278£343,278

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£688,000£688,000
Mortgage (After Refinance)	£516,000£516,000
Mortgage LTV	75%75%
Cash Left In	£343,278£343,278
Equity	£172,000£172,000
Rent Range	£650 - £4,250£650 - £4,250
Rent Estimate	£1,572
Running Costs/mo	£2,484£2,484
Cashflow/mo	£-912£-912
Cashflow/yr	£-10,949£-10,949
Gross Yield	3%3%

Local Sold Prices

7 sold prices from £420K to £1.2M, average is £1.1M. £2.3K/m² to £5K/m², average is £3.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.2M	12/20	1.53 mi	Ferndale Cottage, Hillpool, Kidderminster, Worcestershire DY10 4PD	£4,020	299	5	Detached House
£1.2M	09/21	1.53 mi	Brook Cottage, Hillpool, Kidderminster, Worcestershire DY10 4PD	-	-	5	Detached House
£850K	05/21	2.2 mi	Jalna, Woodland Road, Dodford, Bromsgrove, Worcestershire B61 9BP	£4,048	210	5	Detached House
£1.2M	11/20	2.57 mi	Priory Cottage, Rose Lane, Dodford, Bromsgrove, Worcestershire B61 9DE	£2,299	522	5	Detached House
£700K	11/20	2.67 mi	Sumach, Priory Road, Dodford, Bromsgrove, Worcestershire B61 9DA	£2,941	238	5	Detached House
£1.1M	04/23	2.77 mi	Pinelands, Worcester Road, Clent, Stourbridge, Worcestershire DY9 0EP	£5,044	226	5	Detached House
£420K	04/23	2.94 mi	36, Kittiwake Drive, Kidderminster, Worcestershire DY10 4RS	£3,360	125	5	Detached House

Local Rents

11 rents from £650/mo to £4.3K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	03/24	0.01 mi	The Old Malthouse Cottage, The Village, Chaddesley Corbett	3	Terraced House
£650	12/24	0.08 mi	The Village, Chaddesley Corbett, KIDDERMINSTER	1	Flat
£1,400	03/24	0.09 mi	Elizabeth House, The Village, Chaddesley Corbett	3	Flat
£1,500	03/24	0.28 mi	Brockencote, Chaddesley Corbett, Kidderminster	4	Detached House
£850	04/24	0.43 mi	Chaddesley Corbett	1	Flat
£4,250	12/24	0.69 mi	Drayton Road, Chaddesley Corbett	4	Detached House
£1,395	03/24	1.6 mi	Drayton Road, Drayton, Nr Stourbridge	3	Flat
£900	04/24	1.86 mi	Drayton Cottage, Drayton Road, Drayton, StourbridgeDY9	1	Flat
£2,500	04/24	1.92 mi	Broom Hill Farm, Dordale Road, Belbroughton DY9 0AZ	4	Detached House
£1,750	04/24	2.34 mi	The Barn at Bradford House, Bradford Lane, Belbroughton DY9 0DP	3	Flat
£895	03/24	2.45 mi	Droitwich Road, Hartlebury, Kidderminster, Worcestershire, DY10	2	Terraced House

Local Area Statistics

Population in DY10	35,49335,493
Population in Kidderminster	74,03774,037
Town centre distance	3.80 miles away3.80 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	3.17 miles away3.17 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+4%+4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+38%+38%

Property History

Price changed to £750,000

November 12, 2024

Listed for £850,000

July 18, 2024

Floor Plans

Description

5 bedrooms +
4 reception rooms +
3 bathrooms +
0.30 acres +
Outbuildings +
Period +
Detached +
Garden +
Village +
Private Parking +

- Offering wonderful family accommodation in this much sought after and convenient village location.

- Grade II Listed

- Built 1750's, but with possibly older origins, Tudor House is steeped in history and was in use as a Doctor's practice in the 19th century.

- Nearly 4000 sq. ft. of accommodation over three storeys

- Large, private, rear garden

- Detached double garage and ample off-street parking

- The property is in need of updating and modernisation.

- Click below to view virtual tour

Bromsgrove 5½ miles

Worcester 15 miles

Birmingham 17 miles

Post Code DY10 4SA

Agent Details

Knight Frank, Worcester

01905 674868

Next Steps?

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