5 Bed Semi-Detached House, Refurb/BRRR, Worcester, WR6 6LQ, £675,000

DODOAK HOUSE Sankyns Green, Worcestershire, WR6 6LQ - 6 months ago

Sold STC
Refurb/BRRR
~178 m²
+25 photos

ValuationOvervalued

Sold Prices£515K - £950K
Sold Prices/m²£2.5K/m² - £4K/m²

 

 

Square Metres

~178.28 m²
Price/m²£3.8K/m²

Value Estimate

£638,244

 

 

End Value (After Refurb)

£582,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£168,750

Stamp Duty & Legal Fees

£42,700

Refurb Costs

£70,163

Bridging Loan Interest

£17,719

Total Cash In

£301,082

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£582,375

Mortgage (After Refinance)

£436,781

Mortgage LTV

75%

Cash Left In

£301,082

Equity

£145,594

Rent Range

£850 - £2,500

Rent Estimate

£1,379

Running Costs/mo

£2,116

Cashflow/mo

£-737

Cashflow/yr

£-8,841

Gross Yield

2%

Local Sold Prices

6 sold prices from £515K to £950K, average is £747.5K. £2.5K/m² to £4K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£695K11/200.8 miLower Hillhampton, Hillhampton, Great Witley, Worcester, Worcestershire WR6 6JU5
£515K08/230.87 miCleeve, Well Lane, Little Witley, Worcester, Worcestershire WR6 6LN5
£915K10/201.35 miGarden House, Worcester Road, Great Witley, Worcester, Worcestershire WR6 6JT5
£950K06/212.1 miThe Dairy, Worcester Road, Great Witley, Worcester, Worcestershire WR6 6HR5
£800K03/212.35 miPrickley Green Cottage, Prickley Green, Martley, Worcester, Worcestershire WR6 6QQ5
£561K09/212.66 mi9, Astley Gardens, Astley, Stourport-on-severn, Worcestershire DY13 0QZ5

Local Rents

7 rents from £850/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£85011/240.76 miHillhampton, Great Witley1
£2,50011/241.27 miNear Great Witley5
£1,10011/242.37 miOld Hundred House Mews, Great Witley, WORCESTER2
£1,90011/242.39 miBoreley Lane, Ombersley, Droitwich4
£1,10011/242.4 miWorcester Road, Great Witley, WORCESTER2
£1,10011/242.4 miWorcester Road, Great Witley, WORCESTER2
£1,10011/242.4 miWorcester Road, Great Witley, WORCESTER2

Local Area Statistics

Population in WR6

12,214

Population in Worcester

142,140

Town centre distance

7.61 miles away

Nearest school

2 miles away

Nearest train station

5.33 miles away

 

 

Rental growth (12m)

+35%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £675,000

October 2, 2024

Sold for £495,000

2014

Sold for £392,500

2011

Sold for £410,000

2010

Sold for £137,000

2000

Floor Plans

Description

  • Three storey period property +
  • Five bedrooms +
  • Three reception rooms +
  • Two bathrooms +
  • Summer house with outdoor kitchen and bar +
  • Open plan kitchen/diner/living area +
  • Private gates +
  • Highly sought after location +
  • Outbuildings +
  • Woodburning stove and electric AGA +

Dodoak House is a five-bedroom semi-detached house located in a highly desirable area. Spanning three floors, this elegant period home features two reception rooms, a grand hallway with two staircases, and a spacious open-plan kitchen, dining, and sitting area. The large landing includes a study area, and there are two bathrooms, with potential for further renovation and customisation.

The property is enhanced by outbuildings, an outdoor WC, and a patio terrace, along with a garden room complete with a bar, fire pit, outdoor kitchen, and games/sitting area, perfect for entertaining. Set back in a private and peaceful location, Dodoak House features a gated driveway that can accommodate at least five vehicles. This charming home retains a wealth of period features while benefiting from the flexibility of not being listed.

Freehold. EPC Rating D. Council Tax Band F.

Utilities: Mains electricity, water and drainage. Kerrosine central heating system.
Services: Ultrafast broadband (FTTP) and 4G and some 5G mobile coverage available – please check with your local provider.
Parking: Driveway parking for 4+ vehicles.
Construction: Standard.
Property Information: Right of way access up the drive for the neighbouring property, however, this has never been used and previous neighbours installed a fence so access is unavailable by their choice. Access for the neighbour to maintain their property is through a side gate to their property.

Agent Details

Fine & Country, Droitwich

01905 975080

Next Steps?

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