3 Bed Bungalow, Refurb/BRRR, Worcester, WR5 2PR, £525,000





ValuationOvervalued
Sold Prices | £185K - £396K |
Sold Prices/m² | £250/m² - £4K/m² |
| |
Square Metres | ~93 m² |
Price/m² | £5.6K/m² |
Value Estimate | £301,948£301,948 |
| |
End Value (After Refurb) | £375,000£375,000 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £131,250£131,250 |
Stamp Duty & Legal Fees | £30,700£30,700 |
Refurb Costs | £36,762£36,762 |
Bridging Loan Interest | £13,781£13,781 |
Total Cash In | £214,244£214,244 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £375,000£375,000 |
Mortgage (After Refinance) | £281,250£281,250 |
Mortgage LTV | 75%75% |
Cash Left In | £214,244£214,244 |
Equity | £93,750£93,750 |
Rent Range | £695 - £1,650£695 - £1,650 |
Rent Estimate | £1,089 |
Running Costs/mo | £1,410£1,410 |
Cashflow/mo | £-321£-321 |
Cashflow/yr | £-3,848£-3,848 |
Gross Yield | 2%2% |
Local Sold Prices
50 sold prices from £185K to £396K, average is £269K. £250/m² to £4K/m², average is £3.3K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£337.5K | 01/24 | 0.15 mi | 25, Dunkirk Drive, Brockhill Village, Worcester, Worcestershire WR5 2SG | - | - | 3 | Detached House | |
£280K | 12/20 | 0.15 mi | 10, Dunkirk Drive, Brockhill Village, Worcester, Worcestershire WR5 2SG | £3,167 | 88 | 3 | Terraced House | |
£290K | 07/24 | 0.15 mi | 39, Peninsula Road, Brockhill Village, Worcester, Worcestershire WR5 2SE | £3,412 | 85 | 3 | Semi-Detached House | |
£335K | 03/23 | 0.15 mi | 25, Peninsula Road, Brockhill Village, Worcester, Worcestershire WR5 2SE | - | - | 3 | Detached House | |
£285K | 02/21 | 0.15 mi | 29, Peninsula Road, Brockhill Village, Worcester, Worcestershire WR5 2SE | £2,850 | 100 | 3 | Detached House | |
£257.5K | 08/21 | 0.15 mi | 39, Peninsula Road, Brockhill Village, Worcester, Worcestershire WR5 2SE | £3,029 | 85 | 3 | Semi-Detached House | |
£362.5K | 05/23 | 0.15 mi | 38, Peninsula Road, Brockhill Village, Worcester, Worcestershire WR5 2SE | - | - | 3 | Detached House | |
£330K | 02/23 | 0.28 mi | 15, Talavera Road, Brockhill Village, Worcester, Worcestershire WR5 2SB | £3,699 | 89 | 3 | Detached House | |
£285K | 09/23 | 0.28 mi | 57, Talavera Road, Brockhill Village, Worcester, Worcestershire WR5 2SB | £3,563 | 80 | 3 | Semi-Detached House | |
£270K | 05/21 | 0.29 mi | 25, Toulouse Drive, Brockhill Village, Worcester, Worcestershire WR5 2SA | £3,630 | 74 | 3 | Detached House | |
£365K | 09/23 | 0.36 mi | 20, Corunna Close, Brockhill Village, Worcester, Worcestershire WR5 2PW | - | - | 3 | Detached House | |
£260K | 04/21 | 0.36 mi | 45, Salamanca Drive, Brockhill Village, Worcester, Worcestershire WR5 2PQ | £3,511 | 74 | 3 | Detached House | |
£260K | 05/23 | 0.4 mi | 12, Kohima Drive, Brockhill Village, Worcester, Worcestershire WR5 2PH | £3,133 | 83 | 3 | Semi-Detached House | |
£250K | 08/21 | 0.41 mi | 22, Mandalay Drive, Brockhill Village, Worcester, Worcestershire WR5 2PL | £3,247 | 77 | 3 | Semi-Detached House | |
£350K | 12/22 | 0.41 mi | 82, Mandalay Drive, Brockhill Village, Worcester, Worcestershire WR5 2PL | £3,933 | 89 | 3 | Detached House | |
£245K | 05/23 | 0.41 mi | 16, Mandalay Drive, Brockhill Village, Worcester, Worcestershire WR5 2PL | £3,539 | 69 | 3 | Semi-Detached House | |
£300K | 09/23 | 0.44 mi | 23, Cambrai Drive, Brockhill Village, Worcester, Worcestershire WR5 2PN | £3,965 | 76 | 3 | Terraced House | |
£300K | 11/20 | 0.48 mi | 57, Mandalay Drive, Brockhill Village, Worcester, Worcestershire WR5 2PL | £3,195 | 94 | 3 | Detached House | |
£240K | 02/21 | 0.48 mi | 8, Broomhall Cottages, Broomhall, Worcester, Worcestershire WR5 2NX | - | - | 3 | Terraced House | |
£340K | 12/22 | 0.56 mi | 3, Lawnspool Drive, Kempsey, Worcester, Worcestershire WR5 3PG | £4,048 | 84 | 3 | Detached House | |
£255K | 08/21 | 0.63 mi | 6, Deer Avenue, Worcester, Worcestershire WR5 3TS | £3,228 | 79 | 3 | Semi-Detached House | |
£290K | 07/21 | 0.63 mi | 40, Deer Avenue, Worcester, Worcestershire WR5 3TS | £3,537 | 82 | 3 | Detached House | |
£250K | 01/23 | 0.64 mi | 11, Camberwell Drive, Worcester, Worcestershire WR5 3TN | £3,247 | 77 | 3 | Terraced House | |
£220K | 07/21 | 0.65 mi | 11, Camberwell Drive, Worcester, Worcestershire WR5 3TN | £2,857 | 77 | 3 | Terraced House | |
£217.5K | 05/21 | 0.65 mi | 6, Camberwell Drive, Worcester, Worcestershire WR5 3TN | £3,107 | 70 | 3 | Terraced House | |
£243K | 06/21 | 0.65 mi | 4, Camberwell Drive, Worcester, Worcestershire WR5 3TN | £3,329 | 73 | 3 | Semi-Detached House | |
£240K | 06/23 | 0.65 mi | 32, Camberwell Drive, Worcester, Worcestershire WR5 3TN | - | - | 3 | Terraced House | |
£250K | 09/23 | 0.66 mi | 50, Grasshopper Avenue, Worcester, Worcestershire WR5 3TB | £250 | 1,001 | 3 | Terraced House | |
£185K | 11/20 | 0.66 mi | 35, Grasshopper Avenue, Worcester, Worcestershire WR5 3TB | £1,595 | 116 | 3 | Terraced House | |
£252K | 04/21 | 0.66 mi | 23, Grasshopper Avenue, Worcester, Worcestershire WR5 3TB | £3,500 | 72 | 3 | Detached House | |
£280K | 12/23 | 0.66 mi | 100, Grasshopper Avenue, Worcester, Worcestershire WR5 3TB | £3,077 | 91 | 3 | Semi-Detached House | |
£275K | 02/24 | 0.68 mi | 18, Fox Drive, Worcester, Worcestershire WR5 3TQ | £3,708 | 74 | 3 | Semi-Detached House | |
£275K | 12/23 | 0.68 mi | 5, Fox Drive, Worcester, Worcestershire WR5 3TQ | £3,354 | 82 | 3 | Semi-Detached House | |
£295K | 03/23 | 0.69 mi | 21, Grasshopper Avenue, Worcester, Worcestershire WR5 3TB | £3,933 | 75 | 3 | Semi-Detached House | |
£261K | 04/21 | 0.7 mi | 9, Squirrel Drive, Worcester, Worcestershire WR5 3TW | £4,015 | 65 | 3 | Detached House | |
£310K | 04/21 | 0.71 mi | 1, Brimstone Close, Worcester, Worcestershire WR5 3TX | £2,818 | 110 | 3 | Terraced House | |
£275K | 08/23 | 0.71 mi | 12, Brimstone Close, Worcester, Worcestershire WR5 3TX | £3,735 | 74 | 3 | Terraced House | |
£224K | 01/21 | 0.72 mi | 2, Badger Gardens, Worcester, Worcestershire WR5 3TG | £3,155 | 71 | 3 | Terraced House | |
£268K | 03/21 | 0.72 mi | 82, Grasshopper Avenue, Worcester, Worcestershire WR5 3TB | - | - | 3 | Detached House | |
£300K | 12/23 | 0.74 mi | 1, Blagdon Close, St Peters, Worcester, Worcestershire WR5 3PL | - | - | 3 | Semi-Detached House | |
£265K | 11/23 | 0.76 mi | 23, Stroma Avenue, Worcester, Worcestershire WR5 3PJ | - | - | 3 | Semi-Detached House | |
£240K | 11/21 | 0.78 mi | 22, Arran Place, Worcester, Worcestershire WR5 3UL | £3,640 | 66 | 3 | Terraced House | |
£270K | 07/23 | 0.78 mi | 2, Arran Place, Worcester, Worcestershire WR5 3UL | - | - | 3 | Semi-Detached House | |
£255K | 03/23 | 0.79 mi | 9, Dinmore Close, Worcester, Worcestershire WR5 3RN | - | - | 3 | Terraced House | |
£250K | 03/21 | 0.8 mi | 32, Alton Road, Worcester, Worcestershire WR5 3RL | £2,473 | 101 | 3 | Semi-Detached House | |
£290K | 01/24 | 0.8 mi | 14, Alton Road, Worcester, Worcestershire WR5 3RL | - | - | 3 | Detached House | |
£396K | 06/21 | 0.8 mi | Cringle Cottage, Brookfield, Broomhall, Worcester, Worcestershire WR5 2NU | - | - | 3 | Semi-Detached House | |
£250K | 01/21 | 0.82 mi | 8, Westonbirt Close, Worcester, Worcestershire WR5 3RX | £3,125 | 80 | 3 | Semi-Detached House | |
£238K | 01/21 | 0.86 mi | 7, Batsford Road, Worcester, Worcestershire WR5 3RW | £2,975 | 80 | 3 | Semi-Detached House | |
£256.5K | 09/23 | 0.87 mi | 3, Caldy Avenue, Worcester, Worcestershire WR5 3UG | £3,897 | 66 | 3 | Terraced House |
Local Rents
51 rents from £695/mo to £1.6K/mo, average is £1.1K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£1,300 | 11/24 | 0.15 mi | Peninsula Road, Norton, Worcester, WR5 | 3 | Detached House | |
£1,200 | 07/23 | 0.21 mi | - | 2 | Semi-Detached House | |
£1,300 | 04/25 | 0.21 mi | - | 2 | Semi-Detached House | |
£850 | 11/24 | 0.25 mi | Crookbarrow Road, Norton | 2 | Flat | |
£1,650 | 11/24 | 0.28 mi | Toulouse Drive, Norton, Worcester. | 4 | Flat | |
£1,195 | 03/25 | 0.3 mi | - | 2 | Flat | |
£1,500 | 08/23 | 0.37 mi | - | 4 | Semi-Detached House | |
£900 | 11/24 | 0.41 mi | Mandalay Drive, Brockhill Village, WORCESTER | 2 | Detached House | |
£825 | 11/24 | 0.65 mi | Camberwell Drive, St Peters | 2 | Terraced House | |
£1,200 | 11/24 | 0.66 mi | Grasshopper Avenue, WORCESTER | 3 | Detached House | |
£695 | 11/24 | 0.7 mi | Dragonfly Green, WORCESTER | 1 | Flat | |
£850 | 11/24 | 0.76 mi | Stroma Avenue, St Peters, Worcester | 2 | Terraced House | |
£900 | 11/24 | 0.78 mi | Waseley Close, WORCESTER | 2 | Flat | |
£750 | 11/24 | 0.8 mi | - | 1 | Semi-Detached House | |
£1,250 | 11/24 | 0.85 mi | Lundy Row, WORCESTER | 3 | Detached House | |
£1,050 | 04/25 | 0.88 mi | - | 2 | Terraced House | |
£995 | 07/24 | 0.89 mi | - | 2 | Terraced House | |
£1,400 | 11/24 | 0.9 mi | Tiree Avenue, Worcester, WR5 | 4 | Detached House | |
£999 | 02/24 | 0.94 mi | - | 2 | Bungalow | |
£999 | 02/25 | 0.94 mi | - | 2 | Bungalow | |
£895 | 11/24 | 1.02 mi | Kingfisher Close, Worcester, Worcestershire, WR5 | 2 | Detached House | |
£925 | 11/24 | 1.04 mi | Yarrow Close, WORCESTER | 2 | Flat | |
£1,325 | 11/24 | 1.09 mi | Primrose Crescent, Worcester | 3 | Detached House | |
£1,150 | 04/25 | 1.14 mi | - | 2 | Detached House | |
£995 | 11/24 | 1.22 mi | Ransome Avenue, Worcester, WR5 | 3 | Detached House | |
£740 | 11/24 | 1.26 mi | - | 1 | Flat | |
£950 | 03/24 | 1.34 mi | - | 2 | Semi-Detached House | |
£1,095 | 02/24 | 1.41 mi | - | 3 | Terraced House | |
£1,600 | 11/24 | 1.43 mi | Dalziel Drive, Worcester | 4 | Detached House | |
£975 | 02/25 | 1.43 mi | - | 2 | Semi-Detached House | |
£1,100 | 02/24 | 1.44 mi | - | 4 | Semi-Detached House | |
£1,500 | 10/24 | 1.5 mi | - | 3 | Detached House | |
£925 | 03/25 | 1.53 mi | - | 2 | Terraced House | |
£1,200 | 02/24 | 1.54 mi | - | 3 | Semi-Detached House | |
£1,395 | 04/25 | 1.54 mi | - | 3 | Semi-Detached House | |
£950 | 11/24 | 1.56 mi | Orchard Street, WORCESTER | 3 | Flat | |
£850 | 02/24 | 1.56 mi | - | 2 | Flat | |
£850 | 02/24 | 1.56 mi | - | 2 | Flat | |
£900 | 01/25 | 1.56 mi | - | 2 | Flat | |
£850 | 11/24 | 1.57 mi | Bath Road, Worcester, WR5 | 2 | Terraced House | |
£1,200 | 12/24 | 1.58 mi | - | 1 | Bungalow | |
£1,100 | 04/25 | 1.63 mi | - | 2 | Terraced House | |
£995 | 11/24 | 1.63 mi | 3 Orchard Mews, Orchard Street, Worcester, Worcestershire, WR5 | 2 | Flat | |
£1,300 | 04/25 | 1.64 mi | - | 2 | Semi-Detached House | |
£1,250 | 07/23 | 1.64 mi | - | 2 | Semi-Detached House | |
£1,250 | 04/25 | 1.64 mi | - | 2 | Semi-Detached House | |
£1,200 | 12/24 | 1.65 mi | - | 3 | Terraced House | |
£1,050 | 02/25 | 1.67 mi | - | 2 | Flat | |
£950 | 06/23 | 1.67 mi | - | 2 | Flat | |
£1,400 | 03/25 | 1.68 mi | - | 3 | Semi-Detached House | |
£895 | 11/24 | 1.69 mi | Cavalier Crescent, Worcester, Worcestershire, WR5 | 2 | Terraced House |
Local Area Statistics
Population in WR5 | 30,93330,933 |
Population in Worcester | 142,140142,140 |
Town centre distance | 2.16 miles away2.16 miles away |
Nearest school | 0.70 miles away0.70 miles away |
Nearest train station | 1.26 miles away1.26 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +32%+32% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +18%+18% |
Property History
Listed for £525,000
September 7, 2024
Floor Plans

Description
- Fantastic development opportunity +
- South facing detached bungalow in need of complete refurbishment +
- Sitting room with fireplace +
- Kitchen with separate pantry +
- Rear hall with utility area and separate coal store +
- 3 bedrooms and family bathroom +
- Private enclosed gardens, driveway and off-road parking +
- Grounds extending to approximately 0.81 acres +
- Adjoining former orchard with benefit of Permission in Principle for up to four dwellings +
Exciting development opportunity in highly convenient location.
Fantastic development project to include a south facing detached bungalow in need of modernisation together with adjoining land with Permission in Principle for up to 4 dwellings.
Ground floor and first floor
• Detached south facing bungalow
• ‘L’ shaped hallway with cloaks cupboard, airing cupboard and access to roof space
• Sitting room overlooking front garden and fireplace with stove
• Dual aspect kitchen with fitted units and separate pantry
• Rear hall with utility area and separate coal store
• 2 double bedrooms and single bedroom
• Family bathroom with coloured suite
Outside
• Enclosed private garden with mature trees and shrubs
• Gated driveway with off road parking
• Adjoining former orchard with Permission in Principle for up to four dwellings (W/22/01835/PIP)
• Grounds extending in total to 0.81 acres
Situation
The property is situated in a highly convenient and popular location immediately south east of Worcester city centre that has all that would be expected of a city. The village of Norton has an abundance of local amenities to include the popular St Peters Garden Centre, a public house and a Church together with the Worcester and Norton Shooting Club and Crocket Club
There are superb road links to Junction 7 of the M5 motorway and mainline rail services to Birmingham and London from Worcestershire Parkway train station, both of which are less than a 5 minute drive away.
There are excellent state and private schools including Nunnery Wood High School, which includes a sports centre open to the public, The Royal Grammar School and The King’s School in Worcester and the Malvern Colleges. In the nearby village of Littleworth there is a C of E primary school.
Fixtures and 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 water and electricity. Private drainage. None of the services or appliances, heating installations, plumbing or electrical systems have been tested by the selling agents.
If the private drainage system requires updating/replacement, it is assumed that prior to offers being made, associated costs have been considered and are the responsibility of the purchaser. Interested parties are advised to make their own investigations, no further information will be provided by the selling agents.
The current broadband download speed at the property is not connected. The estimated fastest download speed currently achievable for the property postcode area is around 49 Mbps (data taken from checker.ofcom.org.uk on 28/08/2024). 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 28/08/2024). Please note that actual services available may be different depending on the particular circumstances, precise location and network outages.
Tenure
The property is to be sold freehold.
Local Authority
Wychavon District Council
Council Tax Band D
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.
Planning Statement
The site has successful received Permission in Principle (PIP) for a development of up to 4 dwellings. The PIP was allowed on the 21.11.2023.
The decision, along with supporting documents can be found at the following link
Moving forward, a purchaser of the site will need to submit a technical details consent to conclude the planning process and establish the scale, layout and design of the site.
Viewings
Strictly by appointment through Fisher German LLP.
Directions
Postcode –WR5 2PR
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