3 Bed Semi-Detached House, Refurb/BRRR, Worcester, WR4 9TD, £240,000

Blackthorn Road, Worcester, WR4 9TD - 7 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£110.3K - £375.5K
Sold Prices/m²£1.5K/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£214,859

 

 

End Value (After Refurb)

£246,092

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£15,500

Refurb Costs

£36,550

Bridging Loan Interest

£6,300

Total Cash In

£120,100

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£246,092

Mortgage (After Refinance)

£184,569

Mortgage LTV

75%

Cash Released

£4,569

Cash Left In

£115,531

Equity

£61,523

Rent Range

£825 - £1,790

Rent Estimate

£1,182

Running Costs/mo

£1,025

Cashflow/mo

£157

Cashflow/yr

£1,879

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £110.3K to £375.5K, average is £208K. £1.5K/m² to £3.6K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£190K05/210 mi17, Blackthorn Road, Worcester, Worcestershire WR4 9TD3
£181K03/210.04 mi29, Blackpole Road, Worcester, Worcestershire WR4 9SX3
£257K06/230.06 mi94, Blackpole Road, Worcester, Worcestershire WR4 9ST3
£220K03/230.06 mi3, Fir Way, Worcester, Worcestershire WR4 9SU3
£150K03/210.07 mi20, Thorn Avenue, Worcester, Worcestershire WR4 9TE3
£175K05/230.07 mi31, Thorn Avenue, Worcester, Worcestershire WR4 9TE3
£230K12/220.12 mi14, Cedar Avenue, Worcester, Worcestershire WR4 9UD3
£206K07/210.12 mi17, Field Close, Worcester, Worcestershire WR3 8QU3
£188K11/200.12 mi17, Lime Avenue, Worcester, Worcestershire WR4 9TF3
£150K05/210.12 mi22, Oak Avenue, Worcester, Worcestershire WR4 9UG3
£175K01/210.13 mi8, Blackpole Road, Worcester, Worcestershire WR4 9SS3
£160K04/210.13 mi14, Blackpole Road, Worcester, Worcestershire WR4 9SS3
£254K11/220.13 mi308, Astwood Road, Worcester, Worcestershire WR3 8HD3
£132K03/210.13 mi14, Cedar Avenue, Worcester, Worcestershire WR4 9UD3
£285K12/220.15 mi370, Astwood Road, Worcester, Worcestershire WR3 8HF3
£285K11/220.15 mi344, Astwood Road, Worcester, Worcestershire WR3 8HF3
£220K04/230.15 mi2, Salters Close, Worcester, Worcestershire WR4 9XT3
£160.5K09/210.18 mi42, Wheelwright Close, Worcester, Worcestershire WR4 9JS3
£225K01/230.19 mi16, Turners Close, Worcester, Worcestershire WR4 9YX3
£360K04/230.2 mi30, Field Road, Worcester, Worcestershire WR3 8QS3
£226K04/230.21 mi44, Brickfields Road, Worcester, Worcestershire WR4 9TW3
£148K11/200.21 mi38a, Brickfields Road, Worcester, Worcestershire WR4 9TW3
£220K04/210.21 mi1, Vintners Close, Worcester, Worcestershire WR4 9XZ3
£212.5K03/210.23 mi12a, Farm Close, Worcester, Worcestershire WR3 8HJ3
£195K08/230.24 mi200, Astwood Road, Worcester, Worcestershire WR3 8HA3
£215K05/230.24 mi220, Astwood Road, Worcester, Worcestershire WR3 8HA3
£210K06/210.24 mi16, Drapers Close, Worcester, Worcestershire WR4 9XU3
£247K09/230.24 mi5, Drapers Close, Worcester, Worcestershire WR4 9XU3
£260K11/210.24 mi409, Astwood Road, Worcester, Worcestershire WR3 8HB3
£290K03/230.24 mi399, Astwood Road, Worcester, Worcestershire WR3 8HB3
£330K11/220.28 mi11, Woodland Road, Worcester, Worcestershire WR3 8HH3
£230K11/200.29 mi22, Woodland Road, Worcester, Worcestershire WR3 8HH3
£200K01/240.31 mi217, Bilford Road, Worcester, Worcestershire WR3 8HL3
£110.3K11/210.33 mi46, Glenthorne Avenue, Worcester, Worcestershire WR4 9TS3
£157K05/210.33 mi34, Glenthorne Avenue, Worcester, Worcestershire WR4 9TS3
£182.5K08/210.33 mi4, Glenthorne Avenue, Worcester, Worcestershire WR4 9TS3
£285K10/200.34 mi180, Bilford Road, Worcester, Worcestershire WR3 8PH3
£166K04/210.35 mi14, Gorse Hill Road, Worcester, Worcestershire WR4 9TU3
£190K02/210.35 mi6, Gorse Hill Road, Worcester, Worcestershire WR4 9TU3
£186K11/210.35 mi36, Amberley Close, Worcester, Worcestershire WR4 9XB3
£187.5K03/210.36 mi19, Green Lane, Worcester, Worcestershire WR3 8NY3
£230K11/230.37 mi3, Nibley Close, Worcester, Worcestershire WR4 9LP3
£205K07/210.37 mi59, Astwood Road, Worcester, Worcestershire WR3 8EP3
£142K01/210.37 mi39, Sycamore Road, Worcester, Worcestershire WR4 9RU3
£160K06/210.37 mi10, Fairfield Close, Worcester, Worcestershire WR4 9TX3
£225K03/210.38 mi77, Astwood Road, Worcester, Worcestershire WR3 8EP3
£185K01/210.38 mi93, Astwood Road, Worcester, Worcestershire WR3 8EP3
£375.5K04/230.38 mi19, Bilford Avenue, Worcester, Worcestershire WR3 8PJ3
£236K01/210.38 mi22, Stanway Close, Blackpole, Worcester, Worcestershire WR4 9XL3
£227K10/200.38 mi10, Church Road, Worcester, Worcestershire WR3 8NX3

Local Rents

31 rents from £825/mo to £1.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20007/230.27 mi-3
£1,79004/250.39 mi-3
£1,05010/240.46 mi-3
£1,15010/240.48 mi-3
£1,15303/250.49 mi-3
£1,20011/240.64 miMayfield Avenue, Worcester, Worcestershire, WR33
£95011/240.69 miLilac Avenue, WORCESTER3
£1,20002/250.72 mi-3
£1,30011/240.78 mi-3
£1,35004/250.78 mi-3
£1,40011/240.85 mi-3
£82511/240.88 miLower Chestnut Street, Worcester, Worcestershire, WR13
£1,35011/240.89 mi-3
£1,19511/240.99 miDebdale Avenue, Warndon Villages, Worcester3
£89510/241 mi-3
£1,25011/241.01 mi-3
£1,25006/241.01 mi-3
£1,05003/251.08 mi-3
£1,12511/241.1 miChalfont Close, Northwick, Worcester, WR33
£1,35002/251.11 mi-3
£1,35011/241.12 mi-3
£1,00002/241.14 mi-3
£1,38011/241.15 mi-3
£1,30004/251.16 mi-3
£1,05011/241.19 miApartment 6, Autumn Terrace, Worcester3
£1,30011/241.19 miThe Tything, Worcester3
£1,20003/251.2 mi-3
£1,35011/241.2 miHebb Street, Worcester, Worcestershire, WR13
£1,10011/241.2 miSomers Road, Barbourne, Worcester, WR13
£1,25011/241.21 miBarbourne Lane, Worcester3
£1,10003/251.23 mi-3

Local Area Statistics

Population in WR4

26,127

Population in Worcester

142,140

Town centre distance

1.45 miles away

Nearest school

0.30 miles away

Nearest train station

0.98 miles away

 

 

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £240,000

September 9, 2024

Floor Plans

Description

  • Three Bedrooms +
  • Semi-Detached Home +
  • Single Garage plus Driveway +
  • NO ONWARD CHAIN +
  • Open Plan Sitting/ Dining Room +
  • In Need of Modernisation +
  • DO YOU HAVE A PROPERTY TO SELL? Call us to find out how we can get you moving! +
  • NEED A MORTGAGE? We have exclusive rates and could save you money! +

SUMMARY
A semi-detached home in need of modernising offers spacious and versatile living accommodation, three bedrooms plus family bathroom. There is also a single garage, utility room and driveway to the front and is offered with no onward chain.

DESCRIPTION
A semi-detached home in need of modernising situated in the popular location of Blackpole, this property is sat within walking distance to local amenities, schools and has easy access to City Centre.

This property offers open plan siting/ dining room, kitchen, utility room, three bedrooms and family bathroom. Outside offers a driveway for one vehicle, garage and enclosed rear garden.

Location 
This property is situated in Blackpole which offers a wealth of amenities. There is the Elgar retail park with Dunelm, Next home, Home Sense, Marks and Spencer Food Hall, Lidl, Currys, Pets at Home and Homebase as well as KFC and McDonalds. Junction 6 of the M5 is approximately 2miles away, giving access to the North and South. Also close to Blackpole industrial park with Mazak and Worcester Bosch within easy access.

Accommodation Details 
The property comprises of entrance porch, entrance hall, cloakroom, sitting/ dining room, kitchen, utility room, three bedrooms and bathroom.

The property further benefits from having garage, enclosed rear garden.

Ground Floor 

Entrance Porch 
Patio doors into porch, uPVC door into entrance hall, ceiling light.

Entrance Hall 
Doors to sitting/ dining room and kitchen, stairs to first floor, ceiling light, smoke detector, single panel radiator, storage cupboard.

Cloakroom 
WC, wash hand basin, ceiling light, extractor fan, single panel radiator.

Sitting/ Dining Room 

Dining Area 10' 11" plus bay x 11' 1" plus recess ( 3.33m plus bay x 3.38m plus recess )
Front facing uPVC double glazed bay window, archway to sitting area, ceiling light, double panel radiator.

Sitting Area 11' 9" x 10' min ( 3.58m x 3.05m min )
Rear facing uPVC double glazed window, uPVC double glazed patio door to garden, ceiling light.

Kitchen 10' 10" x 7' 3" ( 3.30m x 2.21m )
Rear facing uPVC double glazed window, double glazed door to utility, fitted kitchen with a range of floor mounted and eye level units, space for fridge/ freezer, space for cooker, single stainless steel sink drainer unit, strip light, single panel radiator.

Utility Room 7' 4" x 7' ( 2.24m x 2.13m )
Two side facing windows, rear facing window, part glazed door to garden, door to cloakroom, door to garage, space and plumbing for washing machine, two strip lights, single panel radiator.

First Floor Landing 
Side facing obscure glazed window, doors to all bedrooms and bathroom, access to loft space, airing cupboard housing boiler and hot water tank, ceiling light, smoke detector.

Bedroom One 11' x 11' min ( 3.35m x 3.35m min )
Front facing uPVC double glazed window, ceiling light, single panel radiator.

Bedroom Two 11' 10" x 9' 11" min ( 3.61m x 3.02m min )
Rear facing uPVC double glazed window, ceiling light, single panel radiator.

Bedroom Three 6' 2" x 7' 11" ( 1.88m x 2.41m )
Front facing uPVC double glazed window, ceiling light, single panel radiator.

Bathroom 
Rear facing obscure glazed window, part tiled walls, WC, wash hand basin, bath, ceiling light, single panel radiator.

Outside Front 
To the front of the property there is a driveway providing off road parking for one vehicle, small foregarden bordered by mature shrubs.

Garage 15' 2" x 7' 5" ( 4.62m x 2.26m )
Double doors, power, strip light.

Outside Rear 
To the rear of the property there is an enclosed garden which is mainly laid to lawn with established shrub and flower borders, cold water tap.

Services 
All mains are connected to the property.

DIRECTIONS
From the Connells Warndon Villages office turn left onto Mill Wood Drive and then at the roundabout take the third exit onto Woodgreen Drive. At the next roundabout take the first exit onto Middle Hollow Drive and follow the road, turn right onto Ambleside Drive follow the road for some time at the mini roundabout turn left onto Langdale Drive. Following onto Brickfields Road turn right onto Blackpole Road and then right onto Blackthorn Road the property will be on the right.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Warndon Villages

01905 674628

Next Steps?

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