3 Bed Semi-Detached House, Refurb/BRRR, Worcester, WR5 3DY, £260,000

Orchard Street, Worcester, WR5 3DY - 28 views - 7 months ago

Sold STC
Refurb/BRRR
Planning
~93 m²
+7 photos

ValuationFair Value

Sold Prices£175K - £960K
Sold Prices/m²£2.1K/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£261,271

 

 

End Value (After Refurb)

£288,766

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£9,500

Refurb Costs

£36,762

Bridging Loan Interest

£6,825

Total Cash In

£119,837

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£288,766

Mortgage (After Refinance)

£216,574

Mortgage LTV

75%

Cash Released

£21,574

Cash Left In

£98,263

Equity

£72,191

Rent Range

£950 - £1,500

Rent Estimate

£1,156

Running Costs/mo

£1,154

Cashflow/mo

£2

Cashflow/yr

£29

ROI

0%

Gross Yield

5%

Local Sold Prices

49 sold prices from £175K to £960K, average is £280K. £2.1K/m² to £4.1K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£290K12/230 mi24, Orchard Street, Worcester, Worcestershire WR5 3DY3
£216.5K05/210 mi88, Orchard Street, Worcester, Worcestershire WR5 3DY3
£310K08/210.04 mi240, Bath Road, Worcester, Worcestershire WR5 3ER3
£190K09/210.04 mi176, Bath Road, Worcester, Worcestershire WR5 3ER3
£220K08/210.08 mi66, Cavendish Street, Worcester, Worcestershire WR5 3DX3
£176K11/230.08 mi114, Cavendish Street, Worcester, Worcestershire WR5 3DX3
£300K05/240.12 mi118, Orchard Street, Worcester, Worcestershire WR5 3DW3
£254K06/210.17 mi9, Osier Close, Worcester, Worcestershire WR5 3DN3
£204K01/210.19 mi7, Ransome Avenue, Worcester, Worcestershire WR5 3AL3
£175K03/210.24 mi52, Ransom Avenue, Worcester, Worcestershire WR5 3AL3
£200K02/240.24 mi36, Ransom Avenue, Worcester, Worcestershire WR5 3AL3
£280K12/230.25 mi18, St Marks Close, Worcester, Worcestershire WR5 3DJ3
£292K12/200.25 mi31, St Marks Close, Worcester, Worcestershire WR5 3DJ3
£227K08/210.26 mi20, Bunns Road, Worcester, Worcestershire WR5 3AS3
£197K04/210.26 mi8, Bunns Road, Worcester, Worcestershire WR5 3AS3
£360K08/230.29 mi19, St Audries Road, Worcester, Worcestershire WR5 2AL3
£442.5K11/200.3 mi81, Timberdine Avenue, Worcester, Worcestershire WR5 2BG3
£241.5K09/210.32 mi99, Ransome Avenue, Worcester, Worcestershire WR5 3AW3
£200K02/210.32 mi98, Ransome Avenue, Worcester, Worcestershire WR5 3AW3
£302.5K04/210.35 mi113, Bath Road, Worcester, Worcestershire WR5 3AF3
£307K11/200.35 mi117, Bath Road, Worcester, Worcestershire WR5 3AF3
£290K02/230.36 mi41, Springfield Road, Worcester, Worcestershire WR5 3AR3
£238K04/210.36 mi63, Springfield Road, Worcester, Worcestershire WR5 3AR3
£247K04/210.36 mi21, Springfield Road, Worcester, Worcestershire WR5 3AR3
£245K06/230.38 mi112, Woolhope Road, Worcester, Worcestershire WR5 2AP3
£290K04/240.39 mi2, Bolston Road, Worcester, Worcestershire WR5 2JE3
£335K02/240.39 mi25, Bolston Road, Worcester, Worcestershire WR5 2JE3
£260.5K11/210.4 mi64, St Dunstans Crescent, Worcester, Worcestershire WR5 2AQ3
£370K11/210.4 mi71, St Dunstans Crescent, Worcester, Worcestershire WR5 2AQ3
£430K12/220.4 mi12, Norton Close, Worcester, Worcestershire WR5 3EY3
£346K10/230.41 mi91, St Dunstans Crescent, Worcester, Worcestershire WR5 2AH3
£960K06/210.42 mi57, Battenhall Road, Worcester, Worcestershire WR5 2BP3
£350K06/230.44 mi45, St Dunstans Crescent, Worcester, Worcestershire WR5 2AF3
£275K05/240.45 mi20, Sheringham Road, Worcester, Worcestershire WR5 3RA3
£278K06/230.47 mi12a, Woolhope Road, Worcester, Worcestershire WR5 2AR3
£210K11/230.47 mi3, Woolhope Road, Worcester, Worcestershire WR5 2AR3
£295K03/210.47 mi24, Woodbridge Close, Worcester, Worcestershire WR5 3BJ3
£260K01/230.47 mi17, Woodbridge Close, Worcester, Worcestershire WR5 3BJ3
£225K03/230.47 mi33, Framlingham Close, Worcester, Worcestershire WR5 3RE3
£300K05/240.49 mi90, Woolhope Road, Worcester, Worcestershire WR5 2AS3
£298K05/210.49 mi52, Woolhope Road, Worcester, Worcestershire WR5 2AS3
£352K08/230.5 mi10, Athelstan Road, Worcester, Worcestershire WR5 2BW3
£275K09/210.5 mi31, Athelstan Road, Worcester, Worcestershire WR5 2BW3
£266K06/230.5 mi20, Coltishall Close, Worcester, Worcestershire WR5 3RF3
£312K12/220.51 mi30, Woodbridge Close, Worcester, Worcestershire WR5 3BJ3
£315K06/210.51 mi11, Battenhall Avenue, Worcester, Worcestershire WR5 2HN3
£355K12/200.51 mi3, Battenhall Avenue, Worcester, Worcestershire WR5 2HN3
£250K05/210.52 mi15, Woolhope Road, Worcester, Worcestershire WR5 2AR3
£309K05/210.52 mi60, Sebright Avenue, Worcester, Worcestershire WR5 2HJ3

Local Rents

23 rents from £950/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£95011/240 miOrchard Street, WORCESTER3
£99511/240.35 miRansome Avenue, Worcester, WR53
£1,30011/240.42 miCrossley Road, Worcester3
£1,50004/250.45 mi-3
£1,50010/240.48 mi-3
£1,20012/240.58 mi-3
£1,32507/240.74 mi-3
£1,40003/250.75 mi-3
£1,25011/240.76 miLundy Row, WORCESTER3
£1,32511/240.77 miPrimrose Crescent, Worcester3
£1,25004/250.8 mi-3
£1,20011/240.9 miGrasshopper Avenue, WORCESTER3
£1,45011/240.91 mi-3
£1,20002/240.98 mi-3
£1,39503/250.98 mi-3
£1,05011/241.02 miApartment 6, Autumn Terrace, Worcester3
£1,20003/251.04 mi-3
£95011/241.07 mi-3
£99511/241.09 miBakers Mews, St Johns, Worcester St. Johns, Worcester3
£1,00002/241.1 mi-3
£97511/241.12 miBromyard Terrace, Worcester St. Johns, Worcester3
£1,35002/251.16 mi-3
£95011/241.19 miHenwick Road, St Johns, Worcester3

Local Area Statistics

Population in WR5

30,933

Population in Worcester

142,140

Town centre distance

0.79 miles away

Nearest school

0.20 miles away

Nearest train station

1.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £260,000

October 10, 2024

Floor Plans

Description

  • Semi-Detached +
  • Period Property +
  • Off Road Parking +
  • Scope to Extend (STPP) +
  • Popular Location +
  • Scope to Renovate +

A great renovation project in the heart of Worcester, offering vast potential to create a modern home or investment property. Located on Orchard Street, this spacious three-bedroom terraced house spans across three floors, including a lower ground cellar, providing room for development and personalisation. As you enter the property, you are greeted by a bright lounge area that leads into a separate dining room, both of which provide a blank canvas to be transformed into a stunning open-plan living space. The kitchen to the rear of the property offers direct access to the garden and benefits from its own entrance, providing the possibility for extension (subject to planning permission). The first floor boasts three bedrooms – a main bedroom, a double bedroom, and a third bedroom, all of which offer space for or stylish refurbishment. A family bathroom is also located on this floor, with scope for modernisation to suit a contemporary lifestyle. This property is ideal for buyers looking for a development project or an opportunity to put their own stamp on a house bursting with potential. Whether you're a first-time buyer, investor, or developer, Orchard Street represents a unique opportunity to design your dream home in a central Worcester location. Location: Situated on a popular street, this property is conveniently located close to local amenities, schools, and transport links. The bustling centre of Worcester is within easy reach, offering a range of shops, restaurants, and entertainment options. Additionally, good access to the motorway network makes this home ideal for commuters. Cellar - 4.33m x 3.18m (14'2" x 10'5") max Stairs To Ground Floor Lounge - 4.31m x 3.18m (14'1" x 10'5") max Dining Room - 3.64m x 3.19m (11'11" x 10'5") Kitchen - 3.64m x 2.36m (11'11" x 7'8") Stairs To First Floor Landing Master Bedroom - 4.23m x 3.67m (13'10" x 12'0") Bedroom 2 - 3.66m x 3.19m (12'0" x 10'5") Bedroom 3 - 3.15m x 2.45m (10'4" x 8'0") max Bathroom - 2.45m x 1.43m (8'0" x 4'8")

Agent Details

Arden Estates, Worcester

01905 672319

Next Steps?

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