2 Bed Terraced House, Single Let, Worcester, WR2 5QU, £170,000

62 Tudor Way, Worcestershire, WR2 5QU - 20 views - 6 months ago

Sold STC
BTL
ROI: 2%
47 m²
+12 photos

ValuationOvervalued

Sold Prices£152K - £325K
Sold Prices/m²£1.7K/m² - £5.2K/m²

 

 

Square Metres

47 m²
Price/m²£3.6K/m²

Value Estimate

£140,044

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,600

Total Cash In

£49,100

 

 

Cash Out

 

Rent Range

£680 - £1,100

Rent Estimate

£850

Running Costs/mo

£721

Cashflow/mo

£129

Cashflow/yr

£1,545

ROI

3%

Gross Yield

6%

Local Sold Prices

51 sold prices from £152K to £325K, average is £209.5K. £1.7K/m² to £5.2K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£160K09/210 mi60, Tudor Way, Worcester, Worcestershire WR2 5QU2
£250K06/210.29 mi207, Oldbury Road, Worcester, Worcestershire WR2 6JJ2
£260K11/230.34 mi43, Sapphire Crescent, Worcester, Worcestershire WR2 5PT2
£210K12/200.41 mi9, Emerald Road, Worcester, Worcestershire WR2 5QB2
£325K07/230.41 mi9, Emerald Road, Worcester, Worcestershire WR2 5QB2
£195K04/210.43 mi15, Newbury Road, Worcester, Worcestershire WR2 5JF2
£240K04/210.43 mi175, Penhill Crescent, Worcester, Worcestershire WR2 5PZ2
£230K06/210.43 mi177, Penhill Crescent, Worcester, Worcestershire WR2 5PZ2
£262K08/230.43 mi128, Penhill Crescent, Worcester, Worcestershire WR2 5PZ2
£209.5K09/210.44 mi33, Broadway Grove, Worcester, Worcestershire WR2 5EY2
£197.5K07/230.44 mi66, Broadway Grove, Worcester, Worcestershire WR2 5EY2
£197.5K07/230.44 mi66, Broadway Grove, Worcester, Worcestershire WR2 5EY2
£210K12/220.46 mi58, Broadway Grove, Worcester, Worcestershire WR2 5EU2
£195K01/210.47 mi13, Sanctuary Close, Worcester, Worcestershire WR2 5PY2
£175K07/210.47 mi81, Sanctuary Close, Worcester, Worcestershire WR2 5PY2
£215K08/230.47 mi81, Sanctuary Close, Worcester, Worcestershire WR2 5PY2
£205K12/230.47 mi69, Sanctuary Close, Worcester, Worcestershire WR2 5PY2
£250K11/230.47 mi15, Sanctuary Close, Worcester, Worcestershire WR2 5PY2
£175.5K10/200.47 mi42, Broadway Grove, Worcester, Worcestershire WR2 5EU2
£168.5K07/210.48 mi32, Broadway Grove, Worcester, Worcestershire WR2 5EU2
£215K10/220.49 mi62, Sanctuary Close, Worcester, Worcestershire WR2 5PY2
£225.3K03/230.56 mi21a, Hawkwood Crescent, Worcester, Worcestershire WR2 6BN2
£183K10/200.56 mi21a, Hawkwood Crescent, Worcester, Worcestershire WR2 6BN2
£210K07/230.65 mi12, Hopton Street, Worcester, Worcestershire WR2 5LH2
£190K03/210.66 mi65, Rowley Hill Street, Worcester, Worcestershire WR2 5LJ2
£190K03/210.66 mi65, Rowley Hill Street, Worcester, Worcestershire WR2 5LJ2
£165K06/210.66 mi12, Whitmore Road, Worcester, Worcestershire WR2 5EN2
£190K08/210.69 mi81, Mcintyre Road, Worcester, Worcestershire WR2 5LQ2
£195K09/210.69 mi69, Mcintyre Road, Worcester, Worcestershire WR2 5LQ2
£218K06/230.69 mi69, Mcintyre Road, Worcester, Worcestershire WR2 5LQ2
£225K09/230.69 mi66, Mcintyre Road, Worcester, Worcestershire WR2 5LQ2
£200K11/230.69 mi51, Mcintyre Road, Worcester, Worcestershire WR2 5LQ2
£165K02/210.69 mi37, Boughton Avenue, Worcester, Worcestershire WR2 5EH2
£182K02/210.7 mi11, Happy Land West, Worcester, Worcestershire WR2 5DQ2
£165K03/210.7 mi4, Happy Land West, Worcester, Worcestershire WR2 5DQ2
£233.5K02/230.7 mi5, Happy Land West, Worcester, Worcestershire WR2 5DQ2
£170K03/210.71 mi27, Rowley Hill Street, Worcester, Worcestershire WR2 5LN2
£203K10/210.71 mi28, Lambert Road, Worcester, Worcestershire WR2 5DG2
£215K05/210.72 mi3, Bracken Close, Worcester, Worcestershire WR2 6HN2
£187.5K06/210.74 mi20, Mcintyre Road, Worcester, Worcestershire WR2 5LG2
£233K11/210.74 mi23, Mcintyre Road, Worcester, Worcestershire WR2 5LG2
£280K05/210.76 mi125, Comer Road, Worcester, Worcestershire WR2 5JD2
£260K03/230.76 mi117, Comer Road, Worcester, Worcestershire WR2 5JD2
£256K07/210.77 mi16, The Spinney, Worcester, Worcestershire WR2 6HL2
£275K12/230.77 mi10, The Spinney, Worcester, Worcestershire WR2 6HL2
£164K12/200.84 mi62, Blakefield Road, Worcester, Worcestershire WR2 5DP2
£152K01/210.84 mi64, Blakefield Road, Worcester, Worcestershire WR2 5DP2
£181K05/210.84 mi58, Blakefield Road, Worcester, Worcestershire WR2 5DP2
£230K06/230.84 mi72, Blakefield Road, Worcester, Worcestershire WR2 5DP2
£226K10/230.84 mi52, Blakefield Road, Worcester, Worcestershire WR2 5DP2
£265K11/210.87 mi44, Turnpike Close, Worcester, Worcestershire WR2 6AB2

Local Rents

16 rents from £680/mo to £1.1K/mo, average is £910/mo.

RentDateDistanceAddressBeds 
£99509/240.54 mi-2
£97511/240.75 miWillis Place, WORCESTER2
£89511/240.76 miCordwainers Court, Willis Place, Worcester2
£68011/240.76 miFlat 7, Cinderella Court, Watery Lane, Worcester2
£95011/240.76 miCider Mill Close, Rushwick, Worcester, WR22
£85011/240.81 miBozward Street, Worcester, Worcestershire, WR22
£1,00011/240.83 miSnowdrop Way, Rushwick2
£85011/240.91 miHenwick Road, WORCESTER2
£85011/240.92 miLapal Close, Worcester2
£85011/240.96 miHenwick Road, WORCESTER2
£85011/240.96 miSt Johns, Worcester2
£92511/240.96 miIngles Drive, Worcester, Worcester2
£95004/251 mi-2
£92511/241.01 miApartment2
£87503/251.02 mi-2
£1,10008/241.03 mi-2

Local Area Statistics

Population in WR2

29,799

Population in Worcester

142,140

Town centre distance

1.80 miles away

Nearest school

0.30 miles away

Nearest train station

1.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-23%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £170,000

November 14, 2024

Listed for £180,000

October 24, 2024

Sold for £116,000

2006

Floor Plans

Description

  • 2 Bedrooms +
  • Kitchen +
  • Lounge +
  • Bathroom +
  • Rear Garden +
  • Rear Driveway +
  • NO CHAIN +

This well presented two bedroom terraced home is located in St John’s and offered with no onward chain. The property is an ideal first time purchase or an investment purchase with an anticipated yield in the region of 6.6%. The property consists of a spacious kitchen diner with integrated oven and hob and lounge to the ground floor. The lounge has patio doors leading out onto the garden. To the first floor are two bedrooms and the bathroom. There is a low maintenance rear garden and parking to the rear for one vehicle.

Agent Details

R A Bennett & Partners, Worcester

01905 975109

Next Steps?

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