2 Bed Terraced House, Refurb/BRRR, Kidderminster, DY11 6AF, £140,000

Mason Road, Kidderminster, Worcestershire, DY11 6AF - 1 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~68 m²
+7 photos

ValuationFair Value

Sold Prices£85K - £390K
Sold Prices/m²£1.1K/m² - £6.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£141,400

 

 

End Value (After Refurb)

£164,268

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Refurb Costs

£26,852

Bridging Loan Interest

£3,675

Total Cash In

£75,477

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£164,268

Mortgage (After Refinance)

£123,201

Mortgage LTV

75%

Cash Released

£18,201

Cash Left In

£57,277

Equity

£41,067

Rent Range

£550 - £875

Rent Estimate

£798

Running Costs/mo

£693

Cashflow/mo

£105

Cashflow/yr

£1,261

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £85K to £390K, average is £152.5K. £1.1K/m² to £6.7K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£139.9K09/210.04 mi17, Crane Street, Kidderminster, Worcestershire DY11 6XT2
£155K03/230.04 mi20, Crane Street, Kidderminster, Worcestershire DY11 6XT2
£147.5K06/210.05 mi4, Habberley Street, Kidderminster, Worcestershire DY11 6XS2
£132K02/210.05 mi23, Habberley Street, Kidderminster, Worcestershire DY11 6XS2
£150K11/210.07 mi7, Bennett Street, Kidderminster, Worcestershire DY11 6XU2
£160K01/230.07 mi20, Bennett Street, Kidderminster, Worcestershire DY11 6XU2
£135K03/210.07 mi19, Bennett Street, Kidderminster, Worcestershire DY11 6XU2
£165K01/230.07 mi26, Bennett Street, Kidderminster, Worcestershire DY11 6XU2
£210K02/230.08 mi17, The Patios, Kidderminster, Worcestershire DY11 5AB2
£110K12/220.16 mi27, St Johns Street, Kidderminster, Worcestershire DY11 6YE2
£94K03/210.17 mi47, Mill Lane, Kidderminster, Worcestershire DY11 6YJ2
£100K05/230.17 mi13, St Johns Street, Kidderminster, Worcestershire DY11 6YF2
£312K09/210.19 mi3, Moule Close, Kidderminster, Worcestershire DY11 6AL2
£195K03/210.21 mi24, Brook Street, Kidderminster, Worcestershire DY11 6RH2
£143K11/200.24 mi53, Mill Lane, Kidderminster, Worcestershire DY11 6YG2
£190K07/210.33 mi14, Cobden Street, Kidderminster, Worcestershire DY11 6RP2
£365K02/230.36 mi8, Marlpool Court, Kidderminster, Worcestershire DY11 5DQ2
£85K02/210.38 mi150, Wood Street, Kidderminster, Worcestershire DY11 6UF2
£170K12/220.39 mi52, Dudley Wood Road, Netherton, Dudley, West Midlands DY2 0DB2
£123.5K09/210.39 mi87, Peel Street, Kidderminster, Worcestershire DY11 6UQ2
£160K10/210.41 mi1b, Woodfield Crescent, Kidderminster, Worcestershire DY11 6TX2
£262.5K01/230.42 mi7, Washington Street, Kidderminster, Worcestershire DY11 6QB2
£175K06/230.45 mi6, Plimsoll Street, Kidderminster, Worcestershire DY11 6TY2
£210K10/220.46 mi66, Franche Road, Kidderminster, Worcestershire DY11 5AL2
£146K05/210.47 mi77, Washington Street, Kidderminster, Worcestershire DY11 6QA2
£350K07/230.48 mi45, St Johns Avenue, Kidderminster, Worcestershire DY11 6AU2
£139.9K03/210.5 mi122, Wood Street, Kidderminster, Worcestershire DY11 6UA2
£135K02/210.5 mi60, Wood Street, Kidderminster, Worcestershire DY11 6UB2
£390K10/220.5 mi84, Marlpool Lane, Kidderminster, Worcestershire DY11 5HP2
£330K12/200.5 mi9, Cheshire Grove, Kidderminster, Worcestershire DY11 6AY2
£282.5K05/210.51 mi85a, Habberley Road, Kidderminster, Worcestershire DY11 5PN2
£220K10/200.51 mi75, Marlpool Lane, Kidderminster, Worcestershire DY11 5HP2
£110K03/210.53 mi86, Park Street, Kidderminster, Worcestershire DY11 6TP2
£116K03/210.53 mi83, Park Street, Kidderminster, Worcestershire DY11 6TP2
£95K12/220.53 mi92, Park Street, Kidderminster, Worcestershire DY11 6TP2
£120K04/230.53 mi24, York Street, Kidderminster, Worcestershire DY10 2LN2
£182K03/230.56 mi18, Castle Road, Kidderminster, Worcestershire DY11 6TS2
£147.5K04/230.56 mi11, Castle Road, Kidderminster, Worcestershire DY11 6TS2
£190K03/230.58 mi38, Franchise Street, Kidderminster, Worcestershire DY11 6QX2
£200K06/210.58 mi3, Holly Court, Kidderminster, Worcestershire DY10 2HP2
£150K02/210.59 mi47, Sutton Road, Kidderminster, Worcestershire DY11 6QP2
£145K07/230.59 mi26, Broad Street, Kidderminster, Worcestershire DY10 2LZ2
£185K10/220.6 mi6, Adam Street, Kidderminster, Worcestershire DY11 6PS2
£185K12/220.61 mi8, Meadow Sweet Place, Kidderminster, Worcestershire DY10 2HW2
£100K01/210.64 mi49, Park Lane, Kidderminster, Worcestershire DY11 6TE2
£189K02/230.67 mi26, Waterside Grange, Kidderminster, Worcestershire DY10 2LA2
£140K02/210.68 mi122, Sutton Road, Kidderminster, Worcestershire DY11 6QR2
£196.6K11/220.68 mi47, Round Hill Wharf, Kidderminster, Worcestershire DY11 6US2
£140K11/200.68 mi21, Spencer Street, Kidderminster, Worcestershire DY11 6NF2
£127K03/210.7 mi2, Jordan Close, Kidderminster, Worcestershire DY11 6DU2

Local Rents

20 rents from £550/mo to £875/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£87512/240 miMason Road, Kidderminster, DY112
£82503/240.13 mi-2
£82512/240.13 miWoodfield Street, Kidderminster, DY112
£74512/240.25 miMill Lane, Kidderminster, DY112
£85012/240.26 miBewdley Road, KIDDERMINSTER2
£85002/250.39 mi-2
£85012/240.4 miSutton Road, Kidderminster, DY112
£80012/240.4 miSutton Road, Kidderminster, DY112
£80003/240.43 mi-2
£80003/240.43 mi-2
£80012/240.43 mi-2
£80012/240.43 mi-2
£85010/240.43 mi-2
£77512/240.49 miHume Street, KIDDERMINSTER2
£55012/240.49 miHume Street, KIDDERMINSTER2
£80012/240.53 miPark Street, KIDDERMINSTER2
£80012/240.53 miPark Street, KIDDERMINSTER2
£82512/240.55 mi-2
£82512/240.57 miPark Lane, Kidderminster, DY112
£72512/240.59 miHigh Street, KIDDERMINSTER2

Local Area Statistics

Population in DY11

30,309

Population in Kidderminster

74,037

Town centre distance

0.99 miles away

Nearest school

0.20 miles away

Nearest train station

1.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Price changed to £140,000

January 3, 2025

Listed for £145,000

September 26, 2024

Floor Plans

Description

  • Two bedroom mid terrace +
  • Convenient location for Kidderminster town centre +
  • In need of modernisation +
  • Attic Room off bedroom two +
  • Gas Fired Central heating +
  • Rear Garden +
  • Potential for parking +
  • No upward chain +

A two bedroom mid terrace home in need of modernisation. The property is ideally situated for Kidderminster town centre as well as schools including St. Johns Primary School. The property offers a blank canvas for a new owner to put their stamp on it. Accommodation comprises; lounge, kitchen, cellar, downstairs bathroom, two bedrooms, one with attic room off. Outside is a lawned fore garden and to the rear is an enclosed rear garden with potential for parking. The property benefits from gas fired central heating and no upward chain. EPC=C

Agent Details

Doolittle & Dalley, Kidderminster

01562 543897

Next Steps?

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

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