2 Bed Semi-Detached House, Refurb/BRRR, Droitwich, WR9 7NR, £250,000

Tibberton, Droitwich, Worcestershire, WR9 7NR - 1 views - 6 months ago

Sold STC
Refurb/BRRR
Planning
ROI: 3%
~68 m²
+17 photos

ValuationOvervalued

Sold Prices£165K - £277K
Sold Prices/m²£2.3K/m² - £12.4K/m²

 

 

Square Metres

~68 m²
Price/m²£3.7K/m²

Value Estimate

£225,635

 

 

End Value (After Refurb)

£209,620

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Refurb Costs

£26,908

Bridging Loan Interest

£6,563

Total Cash In

£111,420

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£209,620

Mortgage (After Refinance)

£157,215

Mortgage LTV

75%

Cash Left In

£111,420

Equity

£52,405

Rent Range

£675 - £2,995

Rent Estimate

£1,229

Running Costs/mo

£921

Cashflow/mo

£308

Cashflow/yr

£3,698

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £165K to £277K, average is £204K. £2.3K/m² to £12.4K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£214K04/231.18 mi6, Newark Green, Worcester, Worcestershire WR4 0TB2
£222K12/221.23 mi35, Brecon Avenue, Worcester, Worcestershire WR4 0RJ2
£277K02/221.34 mi37, Froxmere Road, Crowle, Worcester, Worcestershire WR7 4AN2
£270K03/211.34 mi7, Froxmere Close, Crowle, Worcester, Worcestershire WR7 4AP2
£180K03/211.37 mi30, Leeds Avenue, Worcester, Worcestershire WR4 0QL2
£230K12/221.38 mi14, Caister Avenue, Worcester, Worcestershire WR4 0QP2
£190K08/211.38 mi9, Caister Avenue, Worcester, Worcestershire WR4 0QP2
£190K12/201.38 mi1, Wardour Place, Worcester, Worcestershire WR4 0QN2
£175K11/201.4 mi28, Powderham Avenue, Worcester, Worcestershire WR4 0DN2
£217K12/221.4 mi44, Powderham Avenue, Worcester, Worcestershire WR4 0DN2
£225K05/211.41 mi17, Conisborough, Worcester, Worcestershire WR4 0DH2
£195K03/211.41 mi12, Conisborough, Worcester, Worcestershire WR4 0DH2
£225K05/211.41 mi17, Conisborough, Worcester, Worcestershire WR4 0DH2
£175K01/211.43 mi9, Walkworth Avenue, Worcester, Worcestershire WR4 0DE2
£200K10/201.45 mi50, Pippen Field, Worcester, Worcestershire WR4 0LP2
£207K08/231.45 mi62, Pippen Field, Worcester, Worcestershire WR4 0LP2
£205K08/231.49 mi17, Lydford Terrace, Berkeley Alford, Worcester, Worcestershire WR4 0JS2
£240K04/231.49 mi25, Cobden Avenue, Worcester, Worcestershire WR4 0NA2
£175K05/211.49 mi19, Saltwood Avenue, Berkeley Alford, Worcester, Worcestershire WR4 0JP2
£189.8K03/211.49 mi54, Saltwood Avenue, Berkeley Alford, Worcester, Worcestershire WR4 0JP2
£189.8K03/211.49 mi54, Saltwood Avenue, Berkeley Alford, Worcester, Worcestershire WR4 0JP2
£214K03/231.53 mi1, Norham Place, Berkeley Alford, Worcester, Worcestershire WR4 0JR2
£220K10/211.55 mi12, Howlett Place, Worcester, Worcestershire WR4 0RG2
£213K11/201.55 mi14, Howlett Place, Worcester, Worcestershire WR4 0RG2
£173K12/201.57 mi2, Lords Heath, Lyppard Woodgreen, Worcester, Worcestershire WR4 0RW2
£182K12/201.58 mi9, Dunmow Avenue, Worcester, Worcestershire WR4 0NR2
£180K09/211.58 mi8, Quisters, Lyppard Hanford, Worcester, Worcestershire WR4 0UT2
£190.3K01/211.59 mi13, Little Piece, Lyppard Woodgreen, Worcester, Worcestershire WR4 0RR2
£226K08/231.6 mi15, Peabody Avenue, Worcester, Worcestershire WR4 0QA2
£242K03/231.61 mi4, Trevithick Close, Worcester, Worcestershire WR4 0NB2
£230K02/231.61 mi12, Trevithick Close, Worcester, Worcestershire WR4 0NB2
£211K06/231.64 mi15, Debdale Avenue, Lyppard Woodgreen, Worcester, Worcestershire WR4 0RP2
£218K04/231.65 mi5, Fiskin Lane, Worcester, Worcestershire WR4 0DF2
£175K04/211.65 mi17, Fiskin Lane, Worcester, Worcestershire WR4 0DF2
£191K02/231.65 mi29, Hoskyns Avenue, Worcester, Worcestershire WR4 0LL2
£190K03/231.66 mi28, Hill Wood Close, Lyppard Hanford, Worcester, Worcestershire WR4 0EZ2
£165K11/201.66 mi30, Hill Wood Close, Lyppard Hanford, Worcester, Worcestershire WR4 0EZ2
£215K10/231.66 mi6, Millhams Avenue, Lyppard Woodgreen, Worcester, Worcestershire WR4 0RN2
£203K11/201.66 mi38, Millhams Avenue, Lyppard Woodgreen, Worcester, Worcestershire WR4 0RN2
£180K01/211.67 mi35, Haines Avenue, Worcester, Worcestershire WR4 0DG2
£210K06/231.67 mi17, Haines Avenue, Worcester, Worcestershire WR4 0DG2
£200K03/211.69 mi23, Barley Crescent, Long Meadow, Worcester, Worcestershire WR4 0HW2
£196K12/201.69 mi6, Howcroft Green, Great Meadow, Worcester, Worcestershire WR4 0DS2
£195K09/231.7 mi4, Coney Green Close, Great Meadow, Worcester, Worcestershire WR4 0DT2
£237K06/231.72 mi8, Trotshill Lane West, Worcester, Worcestershire WR4 0HH2
£188K03/211.74 mi8, Upper Ground, Long Meadow, Worcester, Worcestershire WR4 0HT2
£180K12/201.74 mi10, Upper Ground, Long Meadow, Worcester, Worcestershire WR4 0HT2
£235K07/231.76 mi10, Wiselack Place, Lyppard Bourne, Worcester, Worcestershire WR4 0PF2
£240K01/231.76 mi4, Wain Green, Long Meadow, Worcester, Worcestershire WR4 0HP2
£220K11/221.77 mi67, Homestead Avenue, Wall Meadow, Worcester, Worcestershire WR4 0DA2

Local Rents

54 rents from £675/mo to £3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£2,99503/250.31 mi-5
£97502/241.21 mi-3
£1,90002/251.21 mi-4
£1,90003/251.21 mi-4
£1,55001/251.22 mi-5
£1,49511/241.23 miBolton Avenue, Worcester4
£95011/241.23 miHardknott Row, Warndon Villages, Worcester, WR42
£1,49511/241.23 miBolton Avenue, WORCESTER4
£1,49511/241.23 miBolton Avenue, Worcester, WR44
£89511/241.23 miBrecon Avenue, Warndon Villages, Worcester2
£90011/241.32 miSkenfrith Place Warndon Villages Worcester2
£1,15011/241.36 miBamburgh Crescent, Warndon Villages, Worcester, WR43
£69511/241.37 miLeeds Avenue, Warndon Villages, Worcester, WR41
£1,10003/251.4 mi-3
£1,05001/251.4 mi-2
£1,49511/241.41 mi-4
£1,49511/241.41 mi-4
£85003/251.43 mi-1
£90011/241.43 miWalkworth Avenue, WORCESTER2
£92504/251.45 mi-2
£1,38011/241.46 mi-3
£67511/241.48 mi-1
£87511/241.57 miClarkson Gardens, Worcester, Worcestershire, WR42
£1,60003/251.58 mi-4
£92511/241.59 miLittle Piece, Lyppard Woodgreen, WORCESTER2
£1,19511/241.66 miDebdale Avenue, Warndon Villages, Worcester3
£90011/241.66 miTreacle Nook, Warndon Villages2
£85011/241.66 mi2 Innings Close Broughton Hackett WR71
£71011/241.67 mi-2
£71011/241.67 mi-2
£2,00010/241.69 mi-4
£2,00008/241.69 mi-4
£2,00003/251.69 mi-4
£1,85011/241.7 mi-4
£1,85011/241.7 miSpetchley, Worcester, WR54
£1,85008/241.7 mi-4
£92511/241.7 miHoskyns Avenue, Worcester2
£1,50011/241.74 miRowntree Gardens, Wardon Villages, WR44
£92511/241.77 miHomestead Avenue, Worcester2
£82511/241.82 miToftdale Green, Lyppard Bourne, WORCESTER1
£69511/241.87 miHock Coppice, Warndon Villages, Worcester, WR42
£67511/241.88 miNine Acres Green, Lyppard Bourne, WORCESTER2
£2,75001/241.97 mi-5
£75011/241.97 mi-2
£75011/241.97 mi-2
£1,25007/232.05 mi-2
£1,25004/252.05 mi-2
£1,30004/252.05 mi-2
£1,35004/242.28 mi-3
£87503/252.28 mi-2
£1,70011/242.3 miRounds Road, WORCESTER4
£89511/242.31 mi-2
£89511/242.31 mi-2
£94504/252.31 mi-2

Local Area Statistics

Population in WR9

31,009

Population in Droitwich

31,012

Town centre distance

4.06 miles away

Nearest school

0.80 miles away

Nearest train station

3.05 miles away

 

 

Rental growth (12m)

+30%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £250,000

October 15, 2024

Floor Plans

Description

  • Two double bedroom semi-detached cottage requiring modernisation +
  • Offers potential to extend STPP +
  • Enviable plot within Desirable Tibberton +
  • Living Room +
  • Kitchen Diner +
  • Conservatory/Lean To +
  • Wc +
  • Bathroom +
  • No onward chain! +

OULSNAM PRESENT AN OPPORTUNITY NOT TO BE MISSED TO ACQUIRE THIS TWO DOUBLE BEDROOM SEMI-DETACHED COTTAGE Occupying an enviable plot within this sought after location of Tibberton requiring modernisation & offering potential to extend STPP & NO ONWARD CHAIN! E P Rating F

The ever popular and sought after village of Tibberton offers excellent local facilities to include primary schooling and public houses. This is an area boasting convenience for all facilities, shopping, leisure and education within the Spa town of Droitwich and the Cathedral City of Worcester. The location also benefits from easy access to the national motorway network via the M5, being conveniently located approximately four miles North East of Worcester City and approximately 2.8 miles from Junction 6 of the M5 motorway.

DIRECTIONS

From M5 (J6) proceed on the A4538 to Evesham. Take the first left exit at the roundabout signposted Crowle and Tibberton. Proceed just past the turning on your right, sign posted Crowle and then take the immediate left turn and the property is located on the right hand side indicated by the agents for sale board

Nearest stations:

Worcester Shrub Hill (3.3 miles) approx.

Droitwich Spa (3.4 miles) approx.

Worcester Foregate Street (3.7 miles) approx.

Worcester/Droitwich 4, Birmingham 22, London 110, M5 - 2 miles (approx.)

SUMMARY

* This character property occupies an enviable position surrounded by fields and open countryside offering potential to improve and extend subject to gaining all necessary planning permissions and building regulations

* Approached over a driveway providing ample parking for several vehicles with lawn gardens to each side bordered by mature hedgerow and leads to the front porch entrance

* Entrance porch has a step up leading to the front door into the entrance hall which has stairs rising to first floor accommodation and door into the lounge

* Living room has feature fireplace, overlooks the front gardens and door into the kitchen diner

* Kitchen diner has wall mounted and base units with space for freestanding appliances, door into the understairs storage cupboard which houses the central heating boiler, door into the pantry/storage cupboard and further door into the conservatory/lean to which has door into the wc and door providing access onto the garden

FIRST FLOOR ACCOMMODATION

* Landing has doors into both bedrooms and family bathroom

* Main bedroom one is dual aspect overlooking the front and side elevations and has a range of built in floor to ceiling fitted wardrobes

* Bedroom two overlooks the rear aspect and has a fitted storage cupboard

* Family bathroom is fitted with a coloured suite comprising wc, panel bath, pedestal wash hand basin and fitted airing cupboard with shelving

OUTSIDE

* Well established mature lawn gardens with flowers, trees and shrubs feature to the front, side and rear with several outbuildings to include a workshop and brick built store

GENERAL INFORMATION

SERVICES There is mains water and electric, drainage is a shared septic tank with the neighbouring properties and there is LPG central heating.

TENURE the agent understands the property is Freehold.

Agent Details

Oulsnam, Droitwich

01905 675274

Next Steps?

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