3 Bed Terraced House, Refurb/BRRR, Worcester, WR4 9LW, £170,000

Randwick Drive, Worcester, WR4 9LW - 5 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£127K - £270K
Sold Prices/m²£1.7K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£173,400

 

 

End Value (After Refurb)

£230,018

Uplift in Value

+35%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£10,600

Refurb Costs

£36,550

Bridging Loan Interest

£4,463

Total Cash In

£95,863

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£230,018

Mortgage (After Refinance)

£172,513

Mortgage LTV

75%

Cash Released

£45,013

Cash Left In

£50,850

Equity

£57,504

Rent Range

£950 - £2,400

Rent Estimate

£1,191

Running Costs/mo

£977

Cashflow/mo

£214

Cashflow/yr

£2,568

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £127K to £270K, average is £206K. £1.7K/m² to £3.8K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£245K08/230.05 mi21, Haresfield Close, Worcester, Worcestershire WR4 9LQ3
£243K12/230.09 mi6, Sheepscombe Drive, Worcester, Worcestershire WR4 9JX3
£230K11/230.1 mi3, Nibley Close, Worcester, Worcestershire WR4 9LP3
£235K02/230.11 mi29, Tetbury Drive, Worcester, Worcestershire WR4 9LG3
£178K01/210.11 mi97, Windermere Drive, Worcester, Worcestershire WR4 9JF3
£250K02/240.11 mi115, Windermere Drive, Worcester, Worcestershire WR4 9JF3
£225K05/230.11 mi157, Windermere Drive, Worcester, Worcestershire WR4 9JF3
£220K06/230.14 mi16, Sheepscombe Drive, Worcester, Worcestershire WR4 9JY3
£186K08/230.15 mi33, Bisley Close, Worcester, Worcestershire WR4 9LF3
£167K10/200.15 mi33, Bisley Close, Worcester, Worcestershire WR4 9LF3
£173.5K11/200.15 mi8, Cleeve Drive, Worcester, Worcestershire WR4 9JU3
£167K09/210.15 mi9, Cleeve Drive, Worcester, Worcestershire WR4 9JU3
£210K10/230.15 mi44, Cleeve Drive, Worcester, Worcestershire WR4 9JU3
£232K08/210.17 mi14, Harter Row, Worcester, Worcestershire WR4 9GH3
£236K01/210.18 mi22, Stanway Close, Blackpole, Worcester, Worcestershire WR4 9XL3
£220K04/210.21 mi1, Vintners Close, Worcester, Worcestershire WR4 9XZ3
£183K04/210.21 mi21, Cranham Drive, Worcester, Worcestershire WR4 9LY3
£210K06/210.21 mi16, Drapers Close, Worcester, Worcestershire WR4 9XU3
£247K09/230.21 mi5, Drapers Close, Worcester, Worcestershire WR4 9XU3
£225K01/230.21 mi16, Turners Close, Worcester, Worcestershire WR4 9YX3
£165K01/210.22 mi56, Chatcombe Drive, Worcester, Worcestershire WR4 9LT3
£190K04/230.22 mi54, Chatcombe Drive, Worcester, Worcestershire WR4 9LT3
£237K03/230.23 mi53, Tetbury Drive, Worcester, Worcestershire WR4 9LS3
£175K03/210.23 mi78, Tetbury Drive, Worcester, Worcestershire WR4 9LS3
£155K02/210.23 mi82, Tetbury Drive, Worcester, Worcestershire WR4 9LS3
£200K03/230.24 mi75, Windermere Drive, Worcester, Worcestershire WR4 9JG3
£160.5K09/210.25 mi42, Wheelwright Close, Worcester, Worcestershire WR4 9JS3
£215K06/230.25 mi40, Amberley Close, Worcester, Worcestershire WR4 9XB3
£270K07/230.25 mi1, Prestbury Close, Worcester, Worcestershire WR4 9XG3
£194K04/210.26 mi47, Winchcombe Drive, Worcester, Worcestershire WR4 9XA3
£220K04/230.26 mi2, Salters Close, Worcester, Worcestershire WR4 9XT3
£186K11/210.27 mi36, Amberley Close, Worcester, Worcestershire WR4 9XB3
£170K10/200.27 mi4, Cherington Close, Worcester, Worcestershire WR4 9XE3
£170K02/230.28 mi139, Langdale Drive, Worcester, Worcestershire WR4 9DT3
£196.3K09/220.28 mi115, Langdale Drive, Worcester, Worcestershire WR4 9DR3
£225K11/220.28 mi93, Langdale Drive, Worcester, Worcestershire WR4 9DR3
£190K07/210.28 mi101, Langdale Drive, Worcester, Worcestershire WR4 9DR3
£183K10/220.29 mi7, Honister Drive, Worcester, Worcestershire WR4 9NZ3
£210K06/230.3 mi92, Langdale Drive, Worcester, Worcestershire WR4 9DU3
£204K02/230.3 mi25, Kentmere Close, Worcester, Worcestershire WR4 9DP3
£207K10/230.3 mi29, Kentmere Close, Worcester, Worcestershire WR4 9DP3
£160K02/210.31 mi3, Chalford Drive, Worcester, Worcestershire WR4 9YE3
£127K12/200.31 mi27, Colesborne Close, Worcester, Worcestershire WR4 9XF3
£235K12/220.31 mi5, Colesborne Close, Worcester, Worcestershire WR4 9XF3
£160K06/210.31 mi10, Fairfield Close, Worcester, Worcestershire WR4 9TX3
£245K01/230.32 mi2, Burford Close, Worcester, Worcestershire WR4 9YF3
£230K10/230.33 mi9, Brookthorpe Close, Worcester, Worcestershire WR4 9YA3
£151K03/210.33 mi20, Selsey Close, Worcester, Worcestershire WR4 9PW3
£236K04/230.34 mi21, Shap Drive, Worcester, Worcestershire WR4 9NX3
£205K11/210.34 mi18, Shap Drive, Worcester, Worcestershire WR4 9NX3

Local Rents

18 rents from £950/mo to £2.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20007/230.56 mi-3
£1,19511/240.71 miDebdale Avenue, Warndon Villages, Worcester3
£1,05010/240.76 mi-3
£1,38011/240.77 mi-3
£2,40004/250.8 mi-3
£1,15303/250.83 mi-3
£1,20002/250.83 mi-3
£1,15011/240.84 mi-3
£1,15011/240.87 miBamburgh Crescent, Warndon Villages, Worcester, WR43
£1,10003/250.91 mi-3
£95011/240.96 miLilac Avenue, WORCESTER3
£97502/241.03 mi-3
£1,40011/241.03 mi-3
£1,20011/241.04 miMayfield Avenue, Worcester, Worcestershire, WR33
£1,25011/241.16 mi-3
£1,25006/241.16 mi-3
£1,30011/241.18 mi-3
£1,35011/241.19 mi-3

Local Area Statistics

Population in WR4

26,127

Population in Worcester

142,140

Town centre distance

1.76 miles away

Nearest school

0.10 miles away

Nearest train station

1.28 miles away

 

 

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £170,000

October 25, 2024

Floor Plans

Description

  • Terraced Home +
  • Three Bedrooms +
  • Front and Rear Gardens +
  • No Onward Chain +
  • Close to Local Amenities +
  • In Need of Modernisation +
  • DO YOU HAVE A PROPERTY TO SELL? Call us to see how we can get you moving! +
  • NEED A MORTGAGE? We have exclusive rates and could save you some money! +

SUMMARY
A three bedroom property in need of modernisation situated close to local amenities and schools. This property offers great potential for people looking to put their own stamp on a property or someone looking for a great investment opportunity! This property is offered with no onward chain.

DESCRIPTION
A mid-terraced home offered with no onward chain is situated in a popular location of Worcester being close to local shops, schools and easy transport links to the City Centre. This property is in need of modernisation and is perfect for someone looking to put their own stamp on a property or someone looking for a great investment opportunity!

The property offers spacious living accommodation with having dining kitchen and generous sitting room whilst upstairs offers three bedrooms, bathroom and separate WC. Gardens are situated to the front and rear with established borders.

Location 
The area of Warndon has access to local amenities which include doctors, library, local shops, take aways, beauty salons and Sainsburys. The area also has access to Elgar retail park with outlets such as Homebase, Home Sense, Next, Argos, Halfords and M&S Food.
There is easy access to transport links with bus routes, junction 6 of the M5. There is within close reach, Industrial areas with employers such as Mazak, GTech and Worcester Bosch.

Accommodation Details 
The property comprises of canopy entrance porch, sitting room, dining kitchen, three bedrooms, WC and bathroom.

The property further benefits from having front and rear gardens.

Ground Floor 

Entrance Porch 
Canopy entrance porch with courtesy lighting and part glazed door into dining kitchen.

Dining Kitchen 12' 1" into stairs x 18' 5" ( 3.68m into stairs x 5.61m )
Front and rear facing uPVC double glazed windows, part glazed door to garden, door to sitting room, stairs to first floor, fitted kitchen with a range of floor mounted and eye level units, single stainless steel sink drainer unit, four ring gas hob with cooker hood over, single electric oven, space for fridge freezer, space and plumbing for washing machine, larder unit, understairs storage.

Sitting Room 18' 5" x 9' 10" min extending to 11' 4" ( 5.61m x 3.00m min extending to 3.45m )
Rear facing uPVC double glazed window, uPVC patio doors to garden, two ceiling lights, two double panel radiators, fireplace with gas fire.

First Floor Landing 
Doors to all bedrooms, bathroom and WC, access to loft space, airing cupboard.

Bedroom One 10' 11" x 11' 6" max ( 3.33m x 3.51m max )
Front facing uPVC double glazed window, ceiling light, single panel radiator, built in wardrobe.

Bedroom Two 9' x 12' 4" ( 2.74m x 3.76m )
Front facing uPVC double glazed window, ceiling light, single panel radiator, built in wardrobe.

Bedroom Three 7' 2" x 8' 7" ( 2.18m x 2.62m )
Rear facing uPVC double glazed window, ceiling light, single panel radiator, built in wardrobe.

Bathroom 
Rear facing uPVC double glazed window, bath, wash hand basin, tiled walls, ceiling light, single panel radiator.

Wc 
Rear facing uPVC double glazed window, WC, ceiling light, tiled walls.

Outside Front 
To the front of the property there is an established garden mainly laid to lawn with established shrub borders and pathway to the front door.

Outside Rear 
To the rear of the property there is an enclosed garden which is mainly laid to lawn with garden shed and cold water tap plus access to the rear.

Services 
All mains are connected to the property.

DIRECTIONS
From Connells Warndon Villages office proceed out of Ankerage Green turning left into Mill Wood Drive, at the traffic island turn right into Woodgreen Drive, at the next traffic island turn left into Middle Hollow Drive, upon reaching the traffic lights turn right into Tolladine Road, proceed over a mini traffic island onto Windermere Drive taking the fifth turning onto Tetbury Drive, first turning on the left onto Randwick Drive where the property will be found on the right hand side as indicated by the agents For Sale board.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Warndon Villages

01905 674628

Next Steps?

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