3 Bed Semi-Detached House, Refurb/BRRR, Worcester, WR4 9LX, £155,000

89 Cranham Drive, Worcestershire, WR4 9LX - 31 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£151K - £332K
Sold Prices/m²£1.4K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£180,250
BMV3%

 

 

End Value (After Refurb)

£215,770

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£6,450

Refurb Costs

£36,550

Bridging Loan Interest

£4,069

Total Cash In

£87,569

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£215,770

Mortgage (After Refinance)

£161,827

Mortgage LTV

75%

Cash Released

£45,577

Cash Left In

£41,992

Equity

£53,942

Rent Range

£950 - £1,790

Rent Estimate

£1,155

Running Costs/mo

£925

Cashflow/mo

£230

Cashflow/yr

£2,757

ROI

3%

Gross Yield

9%

Local Sold Prices

50 sold prices from £151K to £332K, average is £206.3K. £1.4K/m² to £4.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£151K03/210.09 mi20, Selsey Close, Worcester, Worcestershire WR4 9PW3
£230K10/230.1 mi9, Brookthorpe Close, Worcester, Worcestershire WR4 9YA3
£165K01/210.11 mi56, Chatcombe Drive, Worcester, Worcestershire WR4 9LT3
£190K04/230.11 mi54, Chatcombe Drive, Worcester, Worcestershire WR4 9LT3
£186K08/230.12 mi33, Bisley Close, Worcester, Worcestershire WR4 9LF3
£167K10/200.12 mi33, Bisley Close, Worcester, Worcestershire WR4 9LF3
£152K10/210.12 mi69, Chedworth Drive, Worcester, Worcestershire WR4 9PL3
£220K06/230.12 mi16, Sheepscombe Drive, Worcester, Worcestershire WR4 9JY3
£175K11/210.13 mi6, Rodborough Drive, Worcester, Worcestershire WR4 9YH3
£160K02/210.14 mi3, Chalford Drive, Worcester, Worcestershire WR4 9YE3
£190K09/220.14 mi5, Rodborough Drive, Worcester, Worcestershire WR4 9YQ3
£183K04/210.14 mi21, Cranham Drive, Worcester, Worcestershire WR4 9LY3
£205.5K10/220.14 mi11, Rodborough Drive, Worcester, Worcestershire WR4 9YQ3
£235K02/230.14 mi29, Tetbury Drive, Worcester, Worcestershire WR4 9LG3
£167.5K09/210.16 mi96, Chedworth Drive, Worcester, Worcestershire WR4 9PN3
£243K12/230.17 mi6, Sheepscombe Drive, Worcester, Worcestershire WR4 9JX3
£237K03/230.18 mi53, Tetbury Drive, Worcester, Worcestershire WR4 9LS3
£175K03/210.18 mi78, Tetbury Drive, Worcester, Worcestershire WR4 9LS3
£155K02/210.18 mi82, Tetbury Drive, Worcester, Worcestershire WR4 9LS3
£173.5K11/200.18 mi8, Cleeve Drive, Worcester, Worcestershire WR4 9JU3
£167K09/210.18 mi9, Cleeve Drive, Worcester, Worcestershire WR4 9JU3
£210K10/230.18 mi44, Cleeve Drive, Worcester, Worcestershire WR4 9JU3
£245K01/230.18 mi2, Burford Close, Worcester, Worcestershire WR4 9YF3
£245K08/230.19 mi21, Haresfield Close, Worcester, Worcestershire WR4 9LQ3
£275K09/230.22 mi2, Grove Field, Worcester, Worcestershire WR4 0SE3
£210K04/210.24 mi80, Homestead Avenue, Wall Meadow, Worcester, Worcestershire WR4 0DA3
£183K10/220.24 mi7, Honister Drive, Worcester, Worcestershire WR4 9NZ3
£260K10/210.26 mi52, Homestead Avenue, Wall Meadow, Worcester, Worcestershire WR4 0DA3
£305K09/230.26 mi42, Homestead Avenue, Wall Meadow, Worcester, Worcestershire WR4 0DA3
£255K06/210.26 mi45, Homestead Avenue, Wall Meadow, Worcester, Worcestershire WR4 0DA3
£195K03/210.26 mi100, Homestead Avenue, Wall Meadow, Worcester, Worcestershire WR4 0DA3
£191.3K08/230.26 mi28, Homestead Avenue, Wall Meadow, Worcester, Worcestershire WR4 0DA3
£312K08/230.26 mi77, Homestead Avenue, Wall Meadow, Worcester, Worcestershire WR4 0DA3
£236K04/230.26 mi21, Shap Drive, Worcester, Worcestershire WR4 9NX3
£205K11/210.26 mi18, Shap Drive, Worcester, Worcestershire WR4 9NX3
£200K03/230.26 mi75, Windermere Drive, Worcester, Worcestershire WR4 9JG3
£178K01/210.27 mi97, Windermere Drive, Worcester, Worcestershire WR4 9JF3
£250K02/240.27 mi115, Windermere Drive, Worcester, Worcestershire WR4 9JF3
£225K05/230.27 mi157, Windermere Drive, Worcester, Worcestershire WR4 9JF3
£270K07/230.28 mi1, Prestbury Close, Worcester, Worcestershire WR4 9XG3
£332K01/230.29 mi18, Homestead Avenue, Wall Meadow, Worcester, Worcestershire WR4 0DA3
£230K11/230.29 mi3, Nibley Close, Worcester, Worcestershire WR4 9LP3
£296.8K04/230.29 mi3, Washbrook Close, Wall Meadow, Worcester, Worcestershire WR4 0DD3
£232K08/210.3 mi14, Harter Row, Worcester, Worcestershire WR4 9GH3
£223K12/200.3 mi8, Wood Piece Close, Wall Meadow, Worcester, Worcestershire WR4 0DB3
£260K11/230.3 mi31, Shap Drive, Worcester, Worcestershire WR4 9NS3
£207K06/210.31 mi5, Kendal Green, Warndon, Worcester, Worcestershire WR4 9NU3
£158K06/210.32 mi20, Wasdale Court, Worcester, Worcestershire WR4 9YT3
£170K02/230.32 mi139, Langdale Drive, Worcester, Worcestershire WR4 9DT3
£194K04/210.32 mi47, Winchcombe Drive, Worcester, Worcestershire WR4 9XA3

Local Rents

14 rents from £950/mo to £1.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,38011/240.59 mi-3
£1,19511/240.66 miDebdale Avenue, Warndon Villages, Worcester3
£1,15011/240.68 miBamburgh Crescent, Warndon Villages, Worcester, WR43
£1,20007/230.76 mi-3
£1,10003/250.8 mi-3
£97502/240.83 mi-3
£1,05010/240.99 mi-3
£1,20002/250.99 mi-3
£1,79004/251.04 mi-3
£1,15303/251.06 mi-3
£1,15010/241.08 mi-3
£1,10011/241.15 miAgatha Gardens, Fernhill Heath, Worcester, Worcestershire, WR33
£95011/241.18 miLilac Avenue, WORCESTER3
£1,40011/241.22 mi-3

Local Area Statistics

Population in WR4

26,127

Population in Worcester

142,140

Town centre distance

1.98 miles away

Nearest school

0.20 miles away

Nearest train station

1.50 miles away

 

 

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Price changed to £155,000

February 13, 2025

Listed for £175,000

September 2, 2024

Sold for £100,000

2000

Floor Plans

Description

  • Semi Detached House +
  • Three Bedrooms +
  • Lounge +
  • Kitchen/Dining Room +
  • Wet Room +
  • Separate W.C +
  • Enclosed Rear Garden +
  • Gas Central Heating +
  • EARLY VIEWING ESSENTIAL +

A fantastic opportunity to acquire this three bedroom semi detached property offering great potential for modernisation situated in a convenient location close to Worcester City centre. OFFERED WITH NO CHAIN. EPC - D.

Location And Description - Situated within a popular residential area which is ideally located for access to local amenities and transport networks with excellent links to Junction 6 of the M5. Worcester city centre is also within easy reach. There are a variety of shops, leisure facilities and schooling close by. 89 Cranham Drive is a substantial three bedroom semi detached home in need of modernisation and offers an exciting opportunity for a buyer to put their own stamp on it. Access is via a part glazed front door opening into:-

Reception Hall - Ceiling light, stairs to the first floor and doors to:-

Lounge - 4.37m x 3.53m (max) (14'4 x 11'7 (max)) - Ceiling light, front facing double glazed windows and fireplace.

Kitchen/Dining Room - 5.74m x 3.40m (both max) (18'10 x 11'2 (both max)) - Two ceiling lights, front and rear facing double glazed windows, radiator and a wall mounted boiler. There are currently wall, base and draw units, stainless steel sink with double drainer, taps, useful under stairs cupboard and space for appliances. A part glazed wooden door gives access to the garden.

Landing - Ceiling light, cupboard housing the hot water tank, access to the loft and doors to:-

Bedroom One - 3.53m x 3.81m (both max) (11'7 x 12'6 (both max)) - A light and airy principal bedroom with ceiling light, radiator, front facing double glazed window and a built in cupboard.

Bedroom Two - 3.89m (max) x 2.64m (12'9 (max) x 8'8) - Another double bedroom with ceiling light, front facing double glazed window, radiator. and a built in cupboard.

Bedroom Three - 2.49m x 2.41m (8'2 x 7'11) - A single bedroom with ceiling light, rear facing double glazed window, radiator and a built in cupboard.

Wet Room - 1.80m x 1.50m (5'11 x 4'11) - Ceiling light, rear facing opaque diuble glazed window and radiator, There is a walk in shower and wash hand basin.

Separate W.C. - Ceiling light, rear facing opaque double glazed window and low level W.C.

Outside - To the front of the property is a lawned fore garden, with a slabbed path leading to the front door under an open tiled covered canopy. There is side pedestrian access to the rear via a UPVC door.

To the rear of the property is a good size, enclosed garden mainly laid to lawn, there are a range of mature trees and shrubs, a slabbed seating area under an open tiled canopy. There is a wooden shed in situ. The garden offers great potential for landscaping and design.

Separate Outside Brick Store - 3.56m x 1.30m (11'8 x 4'3) - A useful outside store accessed from the garden, with light and power.

Services - We believe all mains services are connected to the property.

Agent Details

QualitySolicitors Parkinson Wright Estate Agents, Worcester

01905 675631

Next Steps?

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