2 Bed Detached House, Refurb/BRRR, Worcester, WR5 1BB, £190,000

Caretaker House, WR5 1BB - 4 views - 6 months ago

Refurb/BRRR
ROI: 2%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£130K - £467.5K
Sold Prices/m²£1.3K/m² - £4.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£174,447

 

 

End Value (After Refurb)

£169,510

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£26,924

Bridging Loan Interest

£4,988

Total Cash In

£88,361

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£169,510

Mortgage (After Refinance)

£127,133

Mortgage LTV

75%

Cash Left In

£88,361

Equity

£42,378

Rent Range

£675 - £1,350

Rent Estimate

£923

Running Costs/mo

£734

Cashflow/mo

£189

Cashflow/yr

£2,264

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £130K to £467.5K, average is £202.3K. £1.3K/m² to £4.1K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£175.5K05/210.03 mi62, Vincent Road, Worcester, Worcestershire WR5 1AY2
£168.5K10/210.03 mi92, Vincent Road, Worcester, Worcestershire WR5 1AY2
£165K06/210.03 mi56, Vincent Road, Worcester, Worcestershire WR5 1AY2
£168.5K10/210.03 mi92, Vincent Road, Worcester, Worcestershire WR5 1AY2
£168.5K10/210.03 mi92, Vincent Road, Worcester, Worcestershire WR5 1AY2
£160K02/210.03 mi32, Vincent Road, Worcester, Worcestershire WR5 1AY2
£165K11/200.03 mi94, Vincent Road, Worcester, Worcestershire WR5 1AY2
£210K03/230.06 mi13, Vincent Road, Worcester, Worcestershire WR5 1AZ2
£182K12/200.06 mi15, Vincent Road, Worcester, Worcestershire WR5 1AZ2
£165K04/230.08 mi81, Stanley Road, Worcester, Worcestershire WR5 1BE2
£287.5K03/210.09 mi176, Wylds Lane, Worcester, Worcestershire WR5 1DN2
£130K03/230.13 mi22, Spring Lane, Worcester, Worcestershire WR5 1AU2
£188K09/230.13 mi18, Spring Lane, Worcester, Worcestershire WR5 1AU2
£205K06/240.13 mi14, Richmond Road, Worcester, Worcestershire WR5 1DH2
£210K11/230.14 mi15, Hill Street, Worcester, Worcestershire WR5 1BQ2
£219K04/230.14 mi3, Hill Street, Worcester, Worcestershire WR5 1BQ2
£276K03/230.14 mi12, St Wulstans Crescent, Worcester, Worcestershire WR5 1DQ2
£250K02/230.15 mi29, St Wulstans Crescent, Worcester, Worcestershire WR5 1DQ2
£161K06/210.15 mi13, Spring Hill, Worcester, Worcestershire WR5 1BL2
£214K05/240.19 mi32, Byfield Rise, Worcester, Worcestershire WR5 1BA2
£159K12/220.19 mi44, Byfield Rise, Worcester, Worcestershire WR5 1BA2
£185K09/210.19 mi54, Byfield Rise, Worcester, Worcestershire WR5 1BA2
£147K11/200.19 mi61, Byfield Rise, Worcester, Worcestershire WR5 1BA2
£228K05/240.21 mi24, Derby Road, Worcester, Worcestershire WR5 1AE2
£225K03/230.24 mi300, Wylds Lane, Worcester, Worcestershire WR5 1DZ2
£180K02/240.24 mi177, Wylds Lane, Worcester, Worcestershire WR5 1DZ2
£270K08/240.24 mi10, Hamilton Road, Worcester, Worcestershire WR5 1AG2
£180K01/210.24 mi29, Hamilton Road, Worcester, Worcestershire WR5 1AG2
£230K04/230.24 mi34, Hamilton Road, Worcester, Worcestershire WR5 1AG2
£180K03/210.26 mi13, Edward Close, Worcester, Worcestershire WR5 1DE2
£162.5K04/210.28 mi31, Rose Hill, Worcester, Worcestershire WR5 1EY2
£467.5K07/230.28 miRose Hill Cottage, Rose Hill, Worcester, Worcestershire WR5 1EY2
£297.5K06/230.32 mi79, Victoria Avenue, Worcester, Worcestershire WR5 1EE2
£303.4K11/210.35 mi112, London Road, Worcester, Worcestershire WR5 2DY2
£160K10/210.35 mi66, London Road, Worcester, Worcestershire WR5 2DY2
£216.5K12/200.35 mi110, London Road, Worcester, Worcestershire WR5 2DY2
£340K10/230.35 mi112, London Road, Worcester, Worcestershire WR5 2DY2
£131K10/210.36 miMews 20, 3 Sidbury House, College Street, Worcester, Worcestershire WR1 2LT2
£217.5K10/210.37 mi3, Battenhall Walk, Worcester, Worcestershire WR5 2BN2
£172.5K01/210.4 mi24, Newtown Road, Worcester, Worcestershire WR5 1HF2
£170K02/210.42 mi14, Severn Street, Worcester, Worcestershire WR1 2ND2
£218K02/240.43 mi97, Medway Road, Ronkswood, Worcester, Worcestershire WR5 1SA2
£218K05/230.45 mi8, Windrush Close, Worcester, Worcestershire WR5 1JZ2
£199.5K03/230.47 mi18, Severn Street, Worcester, Worcestershire WR1 2ND2
£220K09/210.49 mi9, Sebright Avenue, Worcester, Worcestershire WR5 2HH2
£265K09/230.49 mi45, Sebright Avenue, Worcester, Worcestershire WR5 2HH2
£215K11/200.49 mi12, Sebright Avenue, Worcester, Worcestershire WR5 2HH2
£225K11/200.49 mi30, Sebright Avenue, Worcester, Worcestershire WR5 2HH2
£190K10/200.49 mi20, Sebright Avenue, Worcester, Worcestershire WR5 2HH2
£210K12/200.49 mi41, Sebright Avenue, Worcester, Worcestershire WR5 2HH2

Local Rents

40 rents from £675/mo to £1.4K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£92511/240.13 miSpring Lane, WORCESTER2
£79511/240.14 miHill Street, Worcester2
£95011/240.15 miByfield Rise, Worcester, WR52
£75011/240.28 miWyatts Mews, Union Street, Worcester City Centre, WR12
£75011/240.29 mi21 Nicol Court, Nashs Passage, Worcester, Worcestershire, WR1 2AN2
£75011/240.3 miNicol Court, Nashs Passage, Worcester, Worcestershire, WR1 2AN2
£99911/240.3 miFriar Street, Worcester, WR12
£99911/240.3 mi-2
£99903/250.3 mi-2
£75011/240.32 miWorcester, Worcestershire2
£99511/240.32 mi-2
£95011/240.35 miBath Road, Worcester, WR52
£79511/240.36 miCollege Street, Worcester2
£89511/240.37 mi*LET AGREED* Bath Road, WR52
£84003/250.37 mi-2
£1,05002/240.38 mi-2
£87511/240.4 miSevern Street, Worcester, Worcestershire2
£95011/240.4 mi-2
£95001/250.4 mi-2
£79511/240.44 miBattenhall Road, Worcestershire2
£1,15012/240.45 mi-2
£1,10011/240.45 miThe Old Fire Station, Copenhagen Street2
£1,05011/240.46 mi-2
£85011/240.47 miSt Wulstans Court, Bath Road, Worcester, WR52
£82511/240.48 miPOPULAR CITY CENTRE LOCATION - Lion Court, Worcester, WR12
£80001/250.51 mi-2
£1,25011/240.51 miForegate Street, Worcester2
£1,35004/250.53 mi-2
£97509/240.54 mi-2
£90011/240.54 miSouthfield Street, WORCESTER2
£92503/250.54 mi-2
£95006/230.55 mi-2
£1,05003/250.55 mi-2
£89511/240.55 mi**LET AGREED** Diglis Road, WR52
£83011/240.55 mi-2
£1,25004/250.56 mi-2
£85006/230.58 mi-2
£67511/240.6 miArboretum Road, Worcester2
£1,25011/240.6 miApartment 21, Waters Reach, Armstrong Drive, Worcester, Worcestershire, WR1 2GH2
£90001/250.61 mi-2

Local Area Statistics

Population in WR5

30,933

Population in Worcester

142,140

Town centre distance

0.20 miles away

Nearest school

0.10 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Price changed to £190,000

January 19, 2025

Listed for £200,000

October 10, 2024

Floor Plans

Description

  • Off Road Parking +
  • Detached +
  • Close to City Centre +
  • Two Reception Rooms +
  • Outside Store +
  • In Need Of Updating +

Introducing this two-bedroom home on Stanley Road, Worcester. This home offers a great opportunity for buyers looking to invest in a renovation project. Located in a convenient part of Worcester, it has excellent potential to be transformed into a comfortable, modern space while retaining its character.  On the ground floor, you'll find a lounge and a separate rear dining room, both offering good natural light and ample space but in need of modernisation. The adjacent kitchen is functional, though it would benefit from updating to match more contemporary standards. Upstairs, the first floor comprises two bedrooms. The master bedroom is a generous size, and the second bedroom offers flexibility as either a guest room, children’s room, or office space. The bathroom includes a bathtub and basic fittings, but, like the rest of the property, would benefit from refurbishment. Outside, the property offers front and side access to the rear. There is a courtyard area to the garden as well as a lawn area once cleared. There is also a convenient outside store cupboard. Location: This property is perfectly situated for City Living, as it is within walking distance of Worcester City Centre. The location is convenient for all local amenities, including some great bars and restaurants, making it an excellent choice for those who enjoy dining out and socializing. The property is also near lovely canal walks, offering a peaceful escape from the hustle and bustle of city life. The property is close to Fort Royal Park, providing a lovely green space for relaxation and recreation. It also has easy access to M5 junction 7, making it an ideal location for commuters. Foregate Street and Shrub Hill stations are within close proximity, offering convenient transport links for those who need to travel further afield. Rooms: Lounge - 3.34m x 3.35m (10'11" x 10'11") Dining Room - 3.8m x 3.31m (12'5" x 10'10") max Kitchen - 4.12m x 1.91m (13'6" x 6'3") Stairs To First Floor Landing Master Bedroom - 4.37m x 3.59m (14'4" x 11'9") max Bedroom 2 - 4.09m x 3.21m (13'5" x 10'6") max Bathroom - 2.7m x 2.1m (8'10" x 6'10") max

Agent Details

Arden Estates, Worcester

01905 672319

Next Steps?

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