2 Bed Detached House, Refurb/BRRR, Kidderminster, DY10 3QY, £220,000

110 Shakespeare Drive, Kidderminster, Worcestershire, DY10 3QY - 4 views - 7 months ago

Refurb/BRRR
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£110K - £438.5K
Sold Prices/m²£1.4K/m² - £4.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£157,249

 

 

End Value (After Refurb)

£224,000

Uplift in Value

+-3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£26,987

Bridging Loan Interest

£5,775

Total Cash In

£97,612

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£224,000

Mortgage (After Refinance)

£168,000

Mortgage LTV

75%

Cash Released

£3,000

Cash Left In

£94,612

Equity

£56,000

Rent Range

£600 - £900

Rent Estimate

£793

Running Costs/mo

£879

Cashflow/mo

£-86

Cashflow/yr

£-1,027

Gross Yield

4%

Local Sold Prices

50 sold prices from £110K to £438.5K, average is £167K. £1.4K/m² to £4.7K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£200K11/200.12 mi112, Shakespeare Drive, Kidderminster, Worcestershire DY10 3QY2
£168K04/210.12 mi49, Shakespeare Drive, Kidderminster, Worcestershire DY10 3QY2
£215K02/230.12 mi108, Shakespeare Drive, Kidderminster, Worcestershire DY10 3QY2
£219.3K05/210.2 mi38, Sheraton Drive, Kidderminster, Worcestershire DY10 3QR2
£285K03/230.21 mi3, Rosetti Close, Kidderminster, Worcestershire DY10 3XT2
£210K05/210.26 mi93, Shakespeare Drive, Kidderminster, Worcestershire DY10 3QX2
£140K03/210.33 mi6, Lyndholm Road, Kidderminster, Worcestershire DY10 1TJ2
£141K08/210.36 mi49, Adams Court, Kidderminster, Worcestershire DY10 2SF2
£117K04/210.39 mi47, Doverdale Avenue, Kidderminster, Worcestershire DY10 3BP2
£180K06/230.41 mi5, Claines Crescent, Kidderminster, Worcestershire DY10 3BX2
£145K05/210.42 mi4, Brett Young Close, Kidderminster, Worcestershire DY10 3YH2
£150K07/210.42 mi2, Brett Young Close, Kidderminster, Worcestershire DY10 3YH2
£181.3K09/230.45 mi154, Tennyson Way, Kidderminster, Worcestershire DY10 3XA2
£153.5K06/210.45 mi150, Tennyson Way, Kidderminster, Worcestershire DY10 3XA2
£122K12/200.45 mi152, Tennyson Way, Kidderminster, Worcestershire DY10 3XA2
£200K08/230.45 mi299, Tennyson Way, Kidderminster, Worcestershire DY10 3XA2
£240K11/220.46 mi2, Ashdene Close, Kidderminster, Worcestershire DY10 3XB2
£195K10/230.48 mi26, The Deansway, Kidderminster, Worcestershire DY10 2RH2
£200K05/230.48 mi72, Holmcroft Road, Kidderminster, Worcestershire DY10 3AG2
£135K05/210.5 mi14, Tabbs Gardens, Kidderminster, Worcestershire DY10 2DT2
£200K01/230.5 mi45, Tabbs Gardens, Kidderminster, Worcestershire DY10 2DT2
£135K05/210.5 mi14, Tabbs Gardens, Kidderminster, Worcestershire DY10 2DT2
£185K02/210.5 mi34, The Deansway, Kidderminster, Worcestershire DY10 2RJ2
£127.5K03/210.52 mi23, Coronation Way, Kidderminster, Worcestershire DY10 3BA2
£165K01/210.52 mi109, Holmcroft Road, Kidderminster, Worcestershire DY10 3AQ2
£195K08/210.52 mi67, Holmcroft Road, Kidderminster, Worcestershire DY10 3AQ2
£158K06/230.52 mi198, Chester Road North, Kidderminster, Worcestershire DY10 1TN2
£180K02/230.52 mi2, Tabbs Gardens, Kidderminster, Worcestershire DY10 2DT2
£130K09/210.54 mi134, Hurcott Road, Kidderminster, Worcestershire DY10 2RG2
£170K09/210.56 mi24, Trinity Court, Kidderminster, Worcestershire DY10 2EB2
£190.5K12/220.56 mi22, Trinity Court, Kidderminster, Worcestershire DY10 2EB2
£177.5K10/230.56 mi10, Trinity Court, Kidderminster, Worcestershire DY10 2EB2
£438.5K06/210.58 mi34, Chaddesley Road, Kidderminster, Worcestershire DY10 3AD2
£160K07/230.58 mi31, Lorne Street, Kidderminster, Worcestershire DY10 1SX2
£118K03/210.58 mi11, Villiers Street, Kidderminster, Worcestershire DY10 1SZ2
£119K08/230.58 mi4, Villiers Street, Kidderminster, Worcestershire DY10 1SZ2
£165K08/210.58 mi2, Villiers Street, Kidderminster, Worcestershire DY10 1SZ2
£150K01/230.59 mi73, Offmore Road, Kidderminster, Worcestershire DY10 1SL2
£240K09/210.6 mi19, Turton Street, Kidderminster, Worcestershire DY10 2TH2
£185K01/230.61 mi8, Lorne Grove, Kidderminster, Worcestershire DY10 1SR2
£136K06/210.62 mi67, Lorne Street, Kidderminster, Worcestershire DY10 1SX2
£146K11/210.66 mi113, Lorne Street, Kidderminster, Worcestershire DY10 1SY2
£140K07/210.66 mi119, Lorne Street, Kidderminster, Worcestershire DY10 1SY2
£126.7K03/210.66 mi89, Lea Street, Kidderminster, Worcestershire DY10 1SN2
£260K01/230.66 mi98, Hurcott Road, Kidderminster, Worcestershire DY10 2QT2
£166K03/230.66 mi63, Shrubbery Street, Kidderminster, Worcestershire DY10 2QY2
£110K12/200.67 mi67, Offmore Road, Kidderminster, Worcestershire DY10 1SD2
£170K03/230.67 mi32, Clarence Street, Kidderminster, Worcestershire DY10 1RS2
£162.5K12/200.68 mi20, Yew Tree Road, Kidderminster, Worcestershire DY10 1UB2
£275K03/230.74 mi53, Broadwaters Drive, Kidderminster, Worcestershire DY10 2RY2

Local Rents

11 rents from £600/mo to £900/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£79503/240.19 miBaldwin Road, Worcestershire, DY102
£79512/240.19 mi-2
£60012/240.36 miAdams Court, KIDDERMINSTER2
£72503/240.37 miAdams Court, Kidderminster, Worcestershire2
£82503/240.49 miTabbs Gardens, Kidderminster, Worcestershire2
£77503/240.49 miTabbs Gardens, Kidderminster, DY102
£79503/240.56 miLorne Street, Kidderminster, DY102
£80012/240.57 mi-2
£80012/240.57 mi-2
£90008/240.57 mi-2
£85012/240.61 miLorne Grove, KIDDERMINSTER2

Local Area Statistics

Population in DY10

35,493

Population in Kidderminster

74,037

Town centre distance

0.74 miles away

Nearest school

0.10 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Price changed to £220,000

February 12, 2025

Listed for £230,000

September 26, 2024

Floor Plans

Description

Offered with No Upward Chain and Vacant Possession

This charming two-bedroom detached home is situated in the sought-after DY10 area and is offered with no upward chain, providing an excellent opportunity for those looking to put their own stamp on a home. The property requires modernisation, but offers plenty of potential for the right buyer.

The accommodation comprises:

Front garden with driveway leading to a garage with a convenient roller shutter door.
Spacious entrance porch and large hallway that opens up the home with storage under the stairs and doors leading off to the ground floor reception rooms.

A bright and inviting lounge perfect for relaxing, includes a large widown overlookng the front of the property, and an electric fireplace.

A kitchen-diner, ideal for family meals, with doors leading out into the garden.

Two double bedrooms one with built-in wardrobes, offering plenty of storage.

Family bathroom with shower over bath, WC and basin.

A generously sized, enclosed rear garden with established borders and mature plants, as well as a handy shed for additional storage.

Location & Area
This property is located in a quiet residential area with excellent local amenities.

Schools:
There are a number of highly rated primary and secondary schools in the area, making it an ideal location for families.

Transport Links:
The property is well-connected with easy access to Kidderminster town centre, as well as major roads including the A449 and M5 motorway for commuting to Birmingham and Worcester. Kidderminster train station is just a short drive away, providing direct rail links to Birmingham, London, and beyond.

With its potential for modernisation and desirable location, this property represents an exciting opportunity for buyers looking to create their dream home. Early viewing is recommended to fully appreciate the potential this property has to offer.

Don't miss out on this opportunity! Contact us today to arrange a viewing.

Directions
For Satnav Please Use DY10 3QW

Agent Details

Nock Deighton, Covering Worcestershire

01562 543922

Next Steps?

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