3 Bed Semi-Detached House, Refurb/BRRR, Worcester, WR5 1HH, £210,000

Newtown Road, Worcester, Worcestershire, WR5 1HH - 33 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£123K - £302K
Sold Prices/m²£1.4K/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£210,000

 

 

End Value (After Refurb)

£242,464

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£36,762

Bridging Loan Interest

£5,513

Total Cash In

£104,025

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£242,464

Mortgage (After Refinance)

£181,848

Mortgage LTV

75%

Cash Released

£24,348

Cash Left In

£79,677

Equity

£60,616

Rent Range

£950 - £1,450

Rent Estimate

£1,210

Running Costs/mo

£1,020

Cashflow/mo

£190

Cashflow/yr

£2,284

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £123K to £302K, average is £205.5K. £1.4K/m² to £4.1K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£245K05/230.03 mi46, Newtown Road, Worcester, Worcestershire WR5 1HJ3
£285K08/230.05 mi71, Newtown Road, Worcester, Worcestershire WR5 1HH3
£152K04/210.07 mi2, Solent Road, Worcester, Worcestershire WR5 1LD3
£218K02/240.08 mi17, Humber Road, Worcester, Worcestershire WR5 1LY3
£210K08/230.08 mi11, Solent Road, Worcester, Worcestershire WR5 1LG3
£185K05/230.12 mi30, Wolsey Close, Worcester, Worcestershire WR4 9ES3
£215K06/210.12 mi8, Wolsey Close, Worcester, Worcestershire WR4 9ES3
£198K09/210.12 mi13, Wolsey Close, Worcester, Worcestershire WR4 9ES3
£250K10/230.12 mi9, Wolsey Close, Worcester, Worcestershire WR4 9ES3
£245K09/230.12 mi7, Wolsey Close, Worcester, Worcestershire WR4 9ES3
£185K10/210.12 mi11, Trent Road, Worcester, Worcestershire WR5 1LA3
£172K03/230.14 mi18, Mersey Road, Worcester, Worcestershire WR5 1LR3
£227.5K05/210.16 mi31, Michael Tippet Drive, Worcester, Worcestershire WR4 9EH3
£180K06/230.16 mi23c, Avon Road, Worcester, Worcestershire WR4 9AF3
£250K06/230.18 mi68, Humber Road, Worcester, Worcestershire WR5 1LH3
£205K12/200.18 mi12, Merton Close, Worcester, Worcestershire WR4 9QF3
£206K11/230.19 mi102, Newtown Road, Worcester, Worcestershire WR5 1JL3
£140K06/210.19 mi35b, Teme Road, Worcester, Worcestershire WR4 9AW3
£235K01/230.2 mi3, Windrush Close, Worcester, Worcestershire WR5 1JZ3
£165K07/210.22 mi169, Tolladine Road, Worcester, Worcestershire WR4 9QH3
£235K11/220.22 mi2, Keble Close, Worcester, Worcestershire WR4 9QE3
£205K09/230.22 mi14, Keble Close, Worcester, Worcestershire WR4 9QE3
£182K05/210.22 mi17, Keble Close, Worcester, Worcestershire WR4 9QE3
£160K11/230.23 mi200, Medway Road, Ronkswood, Worcester, Worcestershire WR5 1LL3
£260K04/240.23 mi114, Medway Road, Ronkswood, Worcester, Worcestershire WR5 1LN3
£208K05/210.24 mi1, Helford Close, Worcester, Worcestershire WR5 1NB3
£240K01/230.24 mi11, Helford Close, Worcester, Worcestershire WR5 1NB3
£152K01/210.26 mi101, Avon Road, Worcester, Worcestershire WR4 9AQ3
£160K04/210.26 mi99, Avon Road, Worcester, Worcestershire WR4 9AQ3
£212K11/210.28 mi4, Peterborough Close, Worcester, Worcestershire WR5 1PW3
£248K10/230.28 mi26, Peterborough Close, Worcester, Worcestershire WR5 1PW3
£187.5K01/210.3 mi15, Oriel Close, Worcester, Worcestershire WR4 9QD3
£186K03/210.3 mi31, Canterbury Road, Worcester, Worcestershire WR5 1NU3
£235K07/240.31 mi16, Tweed Close, Worcester, Worcestershire WR5 1SD3
£205K07/210.31 mi152, Holly Mount Road, Worcester, Worcestershire WR4 9SJ3
£175.5K01/210.32 mi123, Rose Avenue, Worcester, Worcestershire WR4 9QN3
£189K10/210.34 mi6, Portefields Road, Worcester, Worcestershire WR4 9RE3
£157.5K12/200.34 mi29, Portefields Road, Worcester, Worcestershire WR4 9RE3
£235K03/230.34 mi132, Medway Road, Ronkswood, Worcester, Worcestershire WR5 1NA3
£240K12/230.35 mi40, Norwich Road, Worcester, Worcestershire WR5 1NX3
£300K07/230.35 mi16, Tyne Close, Worcester, Worcestershire WR5 1SE3
£202K06/210.35 mi98, Canterbury Road, Worcester, Worcestershire WR5 1PL3
£123K04/210.36 mi1, Canterbury Road, Worcester, Worcestershire WR5 1NG3
£230K12/220.36 mi9, Chiltern Close, Worcester, Worcestershire WR4 9DY3
£155K08/210.37 mi45, Norwich Road, Worcester, Worcestershire WR5 1NY3
£176K03/210.38 mi11, May Avenue, Worcester, Worcestershire WR4 9QP3
£210K04/230.38 mi19, Lutterworth Close, Worcester, Worcestershire WR4 9AY3
£152.5K05/210.39 mi10, Birch Avenue, Worcester, Worcestershire WR4 9SH3
£302K12/230.41 mi60, Popert Drive, Worcester, Worcestershire WR5 1SY3
£233K01/210.41 mi86, Popert Drive, Worcester, Worcestershire WR5 1SY3

Local Rents

14 rents from £950/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,40011/240.1 mi-3
£1,25011/240.11 mi-3
£1,25006/240.11 mi-3
£1,35002/250.2 mi-3
£1,00002/240.26 mi-3
£1,20002/250.32 mi-3
£1,20003/250.33 mi-3
£95011/240.33 miLilac Avenue, WORCESTER3
£1,35011/240.35 mi-3
£1,45011/240.46 mi-3
£1,05010/240.52 mi-3
£1,35004/240.52 mi-3
£1,05011/240.52 miApartment 6, Autumn Terrace, Worcester3
£1,15303/250.56 mi-3

Local Area Statistics

Population in WR5

30,933

Population in Worcester

142,140

Town centre distance

0.79 miles away

Nearest school

0.20 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £210,000

September 24, 2024

Floor Plans

Description

  • Semi-Detached House +
  • Three Bedrooms +
  • No Onward Chain +
  • Garage +
  • Opportunity To Create Your Own +
  • Garden +
  • EPC Rating - D +
  • Ultrafast, Superfast & Standard Broadband +

This three bedroom semi-detached home in south Worcester offers a fantastic opportunity for investors looking for a project and beneifts from being sold with NO ONWARD CHAIN!

The ground floor layout features a lounge and a separate kitchen, leading to a downstairs family bathroom. The upstairs houses three well-proportioned bedrooms, making it ideal for future family living. While the house requires a full renovation, the space and potential are undeniable, offering flexibility for updates to suit a buyer's vision.

Outside, the property includes a garden space perfect for landscaping, as well as a garage for secure parking or additional storage. Situated in a convenient part of South Worcester, local amenities, schools, and transport links are easily accessible, making this a prime location for long-term investment.

Agent Details

Nicol & Co, Worcester

01905 975013

Next Steps?

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