3 Bed Bungalow, Refurb/BRRR, Worcester, WR5 3DJ, £290,000

St. Marks Close, Worcester, Worcestershire, WR5 3DJ - 28 views - 7 months ago

Sold STC
Refurb/BRRR
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£175K - £430K
Sold Prices/m²£2.4K/m² - £4.5K/m²

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£263,030

 

 

End Value (After Refurb)

£297,746

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£11,900

Refurb Costs

£36,762

Bridging Loan Interest

£7,613

Total Cash In

£130,525

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£297,746

Mortgage (After Refinance)

£223,310

Mortgage LTV

75%

Cash Released

£5,810

Cash Left In

£124,715

Equity

£74,437

Rent Range

£950 - £1,500

Rent Estimate

£1,219

Running Costs/mo

£1,194

Cashflow/mo

£25

Cashflow/yr

£297

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £175K to £430K, average is £279K. £2.4K/m² to £4.5K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£280K12/230 mi18, St Marks Close, Worcester, Worcestershire WR5 3DJ3
£292K12/200 mi31, St Marks Close, Worcester, Worcestershire WR5 3DJ3
£254K06/210.08 mi9, Osier Close, Worcester, Worcestershire WR5 3DN3
£300K05/240.14 mi118, Orchard Street, Worcester, Worcestershire WR5 3DW3
£430K12/220.15 mi12, Norton Close, Worcester, Worcestershire WR5 3EY3
£197K04/210.18 mi8, Bunns Road, Worcester, Worcestershire WR5 3AS3
£220K08/210.19 mi66, Cavendish Street, Worcester, Worcestershire WR5 3DX3
£176K11/230.19 mi114, Cavendish Street, Worcester, Worcestershire WR5 3DX3
£204K01/210.19 mi7, Ransome Avenue, Worcester, Worcestershire WR5 3AL3
£227K08/210.2 mi20, Bunns Road, Worcester, Worcestershire WR5 3AS3
£175K03/210.23 mi52, Ransom Avenue, Worcester, Worcestershire WR5 3AL3
£200K02/240.23 mi36, Ransom Avenue, Worcester, Worcestershire WR5 3AL3
£241.5K09/210.23 mi99, Ransome Avenue, Worcester, Worcestershire WR5 3AW3
£200K02/210.23 mi98, Ransome Avenue, Worcester, Worcestershire WR5 3AW3
£238K04/210.24 mi63, Springfield Road, Worcester, Worcestershire WR5 3AR3
£247K04/210.24 mi21, Springfield Road, Worcester, Worcestershire WR5 3AR3
£290K02/230.24 mi41, Springfield Road, Worcester, Worcestershire WR5 3AR3
£290K12/230.25 mi24, Orchard Street, Worcester, Worcestershire WR5 3DY3
£216.5K05/210.25 mi88, Orchard Street, Worcester, Worcestershire WR5 3DY3
£310K08/210.29 mi240, Bath Road, Worcester, Worcestershire WR5 3ER3
£190K09/210.29 mi176, Bath Road, Worcester, Worcestershire WR5 3ER3
£225K03/230.29 mi33, Framlingham Close, Worcester, Worcestershire WR5 3RE3
£275K05/240.3 mi20, Sheringham Road, Worcester, Worcestershire WR5 3RA3
£340K02/210.31 mi20, Elm Green Close, Worcester, Worcestershire WR5 3HD3
£302.5K11/230.32 mi17, Arden Road, Worcester, Worcestershire WR5 3BD3
£304K06/240.32 mi29, Arden Road, Worcester, Worcestershire WR5 3BD3
£266K06/230.35 mi20, Coltishall Close, Worcester, Worcestershire WR5 3RF3
£275K11/200.35 mi8, Partridge Close, Worcester, Worcestershire WR5 3SG3
£275K01/210.35 mi3, Partridge Close, Worcester, Worcestershire WR5 3SG3
£295K03/210.36 mi24, Woodbridge Close, Worcester, Worcestershire WR5 3BJ3
£260K01/230.36 mi17, Woodbridge Close, Worcester, Worcestershire WR5 3BJ3
£282K09/210.37 mi16, Swallow Close, Worcester, Worcestershire WR5 3HE3
£290K07/240.38 mi12, Kingfisher Close, Worcester, Worcestershire WR5 3RY3
£283.5K12/200.38 mi24, Kingfisher Close, Worcester, Worcestershire WR5 3RY3
£235K02/210.39 mi29, Hemsby Close, Worcester, Worcestershire WR5 3RH3
£318K06/230.39 mi7, Hemsby Close, Worcester, Worcestershire WR5 3RH3
£278K08/230.39 mi25, Hemsby Close, Worcester, Worcestershire WR5 3RH3
£316.5K12/220.4 mi2, Carp Close, Worcester, Worcestershire WR5 3FJ3
£319.5K01/230.4 mi4, Carp Close, Worcester, Worcestershire WR5 3FJ3
£308K08/230.4 mi51, Dace Road, Broomhall, Worcester, Worcestershire WR5 3FD3
£312K12/220.4 mi30, Woodbridge Close, Worcester, Worcestershire WR5 3BJ3
£258K05/210.41 mi11, Grayling Close, Broomhall, Worcester, Worcestershire WR5 3HY3
£302K01/210.42 mi2, Bullfinch Close, Worcester, Worcestershire WR5 3SL3
£373K03/210.42 mi14, Robin Close, Worcester, Worcestershire WR5 3LS3
£252K11/200.45 mi2, Rosemoor Gardens, Worcester, Worcestershire WR5 3QS3
£252K11/200.45 mi2, Rosemoor Gardens, Worcester, Worcestershire WR5 3QS3
£285K08/240.48 mi6, Larkspur Road, Worcester, Worcestershire WR5 3RU3
£315.5K06/230.5 mi6, Petunia Close, Worcester, Worcestershire WR5 3RT3
£325K12/220.51 mi16, Perch Road, Broomhall, Worcester, Worcestershire WR5 3AD3
£349.5K05/230.51 mi10, Bowood Lane, Worcester, Worcestershire WR5 3UT3

Local Rents

16 rents from £950/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£95011/240.25 miOrchard Street, WORCESTER3
£99511/240.28 miRansome Avenue, Worcester, WR53
£1,32511/240.52 miPrimrose Crescent, Worcester3
£1,30011/240.64 miCrossley Road, Worcester3
£1,50010/240.65 mi-3
£1,25011/240.67 miLundy Row, WORCESTER3
£1,50004/250.7 mi-3
£1,20011/240.76 miGrasshopper Avenue, WORCESTER3
£1,20012/240.78 mi-3
£1,40003/250.93 mi-3
£1,32507/240.94 mi-3
£1,25004/251.05 mi-3
£1,20002/241.11 mi-3
£1,39504/251.11 mi-3
£1,45011/241.12 mi-3
£95011/241.21 mi-3

Local Area Statistics

Population in WR5

30,933

Population in Worcester

142,140

Town centre distance

1.04 miles away

Nearest school

0.30 miles away

Nearest train station

1.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £290,000

September 25, 2024

Sold for £220,000

2019

Floor Plans

Description

  • Detached Bungalow +
  • CHAIN FREE! +
  • Updating Required +
  • 3 Bedrooms +
  • 2 Garages +
  • Ample Parking +

A detached bungalow with three bedrooms situated in a pleasant cul-de-sac location and requires updating.

This detached bungalow comes to the market with the benefit of having NO ONWARD CHAIN and offers great scope for updating and modernisation. The accommodation briefly comprises: Enclosed porch, spacious entrance hall, lounge diner, kitchen, three bedrooms, shower room and separate cloakroom.

Outside there is ample off road parking to the front of the property, two single garages and a pleasant, south facing, enclosed garden to the rear with side access.

Viewing highly recommended to appreciate the space on offer!

Agent Details

R A Bennett & Partners, Worcester

01905 975109

Next Steps?

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

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