7 Bed Detached House, Refurb/BRRR, Kidderminster, DY10 4PA, £1,400,000

Bournes Green, Kidderminster, Worcestershire, DY10 4PA - 5 views - 9 months ago

Sold STC
Refurb/BRRR
~419 m²
+15 photos

ValuationFair Value

Sold Prices£318K - £1.3M
Sold Prices/m²£2.6K/m² - £10.4K/m²

 

 

Square Metres

~419.40 m²
Price/m²£3.3K/m²

Value Estimate

£1,400,000

 

 

End Value (After Refurb)

£1,551,780

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£350,000

Stamp Duty & Legal Fees

£152,450

Refurb Costs

£166,177

Bridging Loan Interest

£36,750

Total Cash In

£707,127

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£1,551,780

Mortgage (After Refinance)

£1,163,835

Mortgage LTV

75%

Cash Released

£113,835

Cash Left In

£593,292

Equity

£387,945

Rent Range

£650 - £4,250

Rent Estimate

£1,659

Running Costs/mo

£5,201

Cashflow/mo

£-3,542

Cashflow/yr

£-42,505

Gross Yield

1%

Local Sold Prices

30 sold prices from £318K to £1.3M, average is £642.5K. £2.6K/m² to £10.4K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£435K02/211.35 mi25, Briar Hill, Chaddesley Corbett, Kidderminster, Worcestershire DY10 4SH4
£725K02/211.35 miDuck Crossing, 5, Drayton Road, Belbroughton, Stourbridge, Worcestershire DY9 0DX4
£540K05/211.35 miBrook House, 2, Drayton Road, Belbroughton, Stourbridge, Worcestershire DY9 0DX4
£688K01/231.45 mi38, Nash Lane, Belbroughton, Stourbridge, Worcestershire DY9 9SW4
£688K01/231.45 mi38, Nash Lane, Belbroughton, Stourbridge, Worcestershire DY9 9SW4
£318K11/201.46 mi6, The Green, Chaddesley Corbett, Kidderminster, Worcestershire DY10 4SL4
£630K12/221.47 miSunglow, Victoria Road, Dodford, Bromsgrove, Worcestershire B61 9BZ4
£530K02/211.5 mi10, Pinchers Close, Belbroughton, Stourbridge, Worcestershire DY9 9SX4
£585K08/211.55 mi26, High Street, Belbroughton, Stourbridge, Worcestershire DY9 9SU4
£555K11/201.55 miMalvern View, Outwood, Chaddesley Corbett, Kidderminster, Worcestershire DY10 4RB4
£500K11/201.56 miWoodland Cottage, Lodge Ford Hill, Chaddesley Corbett, Kidderminster, Worcestershire DY10 4QX4
£675K12/201.62 miRose Cottage, Clattercut Lane, Chaddesley Corbett, Kidderminster, Worcestershire DY10 4QT4
£680K10/211.81 miRookery Cottage, Warbage Lane, Dodford, Bromsgrove, Worcestershire B61 9BQ4
£754K02/211.83 miThe Barn, Holy Cross Lane, Belbroughton, Stourbridge, Worcestershire DY9 9SP4
£850K06/212.01 mi34, Parish Hill, Bournheath, Bromsgrove, Worcestershire B61 9JQ4
£655K06/212.16 mi17, Dodford Road, Bournheath, Bromsgrove, Worcestershire B61 9JP4
£805K11/212.17 miWoodside, Brimstone Lane, Dodford, Bromsgrove, Worcestershire B61 9AX4
£410K06/212.31 mi73, Belbroughton Road, Clent, Stourbridge, Worcestershire DY9 9RD4
£550K12/202.35 miMelrose, Bromsgrove Road, Clent, Stourbridge, Worcestershire DY9 9RL4
£1.3M12/222.37 miBourne Cottage, Broome, Stourbridge, Worcestershire DY9 0HA4
£1.1M02/232.45 miWisteria Cottage, Redhall Farm Road, Broome, Stourbridge, Worcestershire DY9 0HB4
£760K11/222.51 miWindlehurst, Belbroughton Road, Clent, Stourbridge, Worcestershire DY9 0EW4
£375K04/212.63 mi43, Westfields, Catshill, Bromsgrove, Worcestershire B61 9HJ4
£820.6K08/212.66 miTynfield House, Church Avenue, Clent, Stourbridge, Worcestershire DY9 9QT4
£355K05/212.76 mi11, Poplar Close, Catshill, Bromsgrove, Worcestershire B61 0HH4
£327.5K05/232.76 mi36, Rocky Lane, Bournheath, Bromsgrove, Worcestershire B61 9HP4
£975K02/232.79 mi78, Belbroughton Road, Blakedown, Kidderminster, Worcestershire DY10 3JH4
£350K12/202.79 mi45, Meadow Road, Catshill, Bromsgrove, Worcestershire B61 0JJ4
£675K06/212.9 miThe Mona, Walton Rise, Clent, Stourbridge, Worcestershire DY9 9RT4
£427.5K01/212.95 mi10, Julian Close, Catshill, Bromsgrove, Worcestershire B61 0LH4

Local Rents

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

RentDateDistanceAddressBeds 
£2,50004/240.36 miBroom Hill Farm, Dordale Road, Belbroughton DY9 0AZ4
£1,39503/240.91 miDrayton Road, Drayton, Nr Stourbridge3
£1,75004/240.95 miThe Barn at Bradford House, Bradford Lane, Belbroughton DY9 0DP3
£90004/241 miDrayton Cottage, Drayton Road, Drayton, StourbridgeDY91
£4,25012/241.07 miDrayton Road, Chaddesley Corbett4
£1,50006/231.41 mi-3
£1,85012/241.43 mi-4
£75004/241.46 miWoodhouse Orchard, Belbroughton, Stourbridge, DY9 9TQ1
£85004/241.49 miChaddesley Corbett1
£65012/241.51 miThe Village, Chaddesley Corbett, KIDDERMINSTER1
£1,40003/241.51 miElizabeth House, The Village, Chaddesley Corbett3
£1,20003/241.57 miThe Old Malthouse Cottage, The Village, Chaddesley Corbett3
£1,50003/241.81 miBrockencote, Chaddesley Corbett, Kidderminster4
£2,70003/241.86 miHartle Lane, Belbroughton, Stourbridge, Worcestershire, DY95
£90012/242.16 miDodford Road, Bournheath B612
£2,95004/242.18 miBromsgrove Road, Belbroughton4
£1,15012/242.29 miVillage Chapel, Fairfield Road, Bournheath Bromsgrove B61 9JN2

Local Area Statistics

Population in DY10

35,493

Population in Kidderminster

74,037

Town centre distance

4.86 miles away

Nearest school

1.30 miles away

Nearest train station

3.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £1,400,000

August 14, 2024

Floor Plans

Description

  • Idyllic rural setting +
  • Gardens and grounds extending to 25.28 acres +
  • Detached 4 bedroom farmhouse +
  • Scope for modernisation +
  • Adjoining detached 3 bedroom barn conversion +
  • South facing patio and gardens +
  • Loose boxes and wood store +
  • Close to excellent villages with amenities +

Situated in an idyllic rural setting with a farmhouse, adjoining barn conversion and gardens and grounds extending to about 25.36 acres.

Situated in an idyllic rural setting with a farmhouse, adjoining barn conversion and gardens and grounds extending to 25.36 acres.

Detached farmhouse in need of modernisation and refurbishment together with adjoining detached barn conversion, gardens, stabling and grounds.

Drollis Farm
• Hallway with downstairs bathroom with free standing bath and Triton shower cubicle
• Dual aspect sitting room with woodburning stove, separate dining room with bay window and garden room with lovely views
• Kitchen with fitted units and Belfast sink
• First floor landing with separate wc, bedroom 1 en suite shower
• 3 further bedrooms all with fitted wardrobes

Bournewood Barn
• Detached converted barn providing versatile ancillary accommodation ideal for multigenerational living, or to provide a separate income
• Hallway with downstairs bathroom
• Dual aspect sitting room with exposed wall beams and woodburning stove
• Breakfast kitchen with Leisure range cooker and island unit with breakfast bar and double doors to conservatory
• Galleried landing with separate wc
• Bedroom 1 with fitted wardrobes and en suite shower
• 2 further bedrooms

Gardens and grounds
• Gardens and grounds extending to approximately 25.36 acres in total
• Courtyard with 4 loose boxes and open fronted wood store
• Gated gravel driveway to Drollis Farm with attractive south facing patio area to front overlooking large lawned garden and enjoying open country views
• Garden area to Bournewood Barn
• External utility area with staircase to loft storage area and separate wc and adjoining utility area and shower room

Situation
The property is surrounded by beautiful countryside and woodland that edges up to the Natural Trust Clent Hills making the area a favourite for walkers and riders.

The attractive village of Chaddesley Corbett is less than 2 miles away and has excellent village amenities including a post office with general store, butcher, two public houses, hairdresser, dry cleaners and a primary school. The nearby village of Belbroughton also offers some good everyday amenities including village shop, post office, recreational centre with tennis courts and popular public houses.

A greater range of shops and amenities are available in Bromsgrove including the railway station with a regular service to Worcester and Birmingham New Street with onward links to London.

There are a number of highly regarded schools easily accessible including Bromsgrove School, Winterfold, King Edwards, The Blue Coat School and Edgbaston School for Girls and in Worcester RGS and Kings School. For the commuter there is good access to Central Birmingham, various other regional centres and the Motorway network with both the M5 and M42 and the M42 which links onto the M40.

Fixtures & Fittings
All fixtures, fittings and furniture such as curtains, light fittings, garden ornaments and statuary are excluded from the sale. Some may be available by separate negotiation.

Services
Mains electricity is connected. Water is not mains connected and is currently supplied via a well providing a filtered water supply. Both properties share private drainage.

Oil fired central heating is connected to Drollis Farm and a LPG gas fired central heating provided by the Worcester boiler is connected to Bournewood Barn.

None of the services or appliances, heating installations, plumbing or electrical systems have been tested by the selling agents.

We understand that the current broadband download speed at the property is around 38 Mbps, however please note that results will vary depending on the time a speed test is carried out. The estimated fastest download speed currently achievable for the property postcode area is around 12 Mbps (data taken from checker.ofcom.org.uk on 08/08/2024). Actual service availability at the property or speeds received may be different.

We understand that the property is likely to have current mobile coverage (data taken from checker.ofcom.org.uk on 08/08/2024). Please note that actual services available may be different depending on the particular circumstances, precise location and network outages.

Tenure
Both properties are to be sold together, freehold with vacant possession.

Local Authority
Wyre Forest District Council

Drollis Farm Council Tax Band: G

Bournewood Barn Council Tax Band: C

Public Rights of Way, Wayleaves and Easements
The property is sold subject to all rights of way, wayleaves and easements whether or not they are defined in this brochure.

Plans and Boundaries
The plans within these particulars are based on Ordnance Survey data and provided for reference only. They are believed to be correct but accuracy is not guaranteed. The purchaser shall be deemed to have full knowledge of all boundaries and the extent of ownership. Neither the vendor nor the vendor’s agents will be responsible for defining the boundaries or the ownership thereof.

Viewings
Strictly by appointment through Fisher German LLP.

Directions
Postcode – DY10 4PA

What3words
Drollis Farm: ///taped.starlight.livid

Bournewood Barn: /// saunas.revisits.resemble

Agent’s Note
Access to both properties is via a private drive where a right of way will be granted in exchange for a fair proportion of the costs of maintenance and repair being shared with the adjoining landowner and owner of Lakeside Barn.

At the time of offering the properties for sale it should be noted that Bournewood Barn is ancillary to Drollis Farm.

Agent’s Note 2
The purchaser will be responsible for erecting a new stockproof post, rail and pig wire boundary fence to the rear of Bournewood Barn where it adjoins with Lakeside Barn.

Agent Details

Fisher German, Worcester

03300 581617

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪