2 Bed Flat, Cash/Bridging Only, Worcester, WR5 2DX, £100,000

Victoria Place, Worcester, Worcestershire, WR5 2DX - 3 views - 5 months ago

Sold STC
Leasehold
Cash
ROI: 3%
~68 m²
+7 photos

ValuationFair Value

Sold Prices£74.8K - £290K
Sold Prices/m²£1.5K/m² - £11.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£100,000

 

 

End Value (After Refurb)

£162,116

Uplift in Value

+62%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Refurb Costs

£26,924

Bridging Loan Interest

£2,625

Total Cash In

£60,499

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£162,116

Agent Fees (1%)

£1,621

Bridging Loan

£75,000

Bridging Loan Interest

£2,625

Flip Profit

£24,996

Local Sold Prices

50 sold prices from £74.8K to £290K, average is £145.9K. £1.5K/m² to £11.5K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£179K03/240.08 miThe Loft, Battenhall Place, Worcester, Worcestershire WR5 2DT2
£137.5K11/230.17 mi48, Albert Road, Worcester, Worcestershire WR5 1EB2
£100K10/200.17 mi41, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£151K04/230.19 mi53, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£135K08/230.19 mi1, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£115K12/200.19 mi11, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£137K11/230.19 mi6, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£100K10/200.19 mi41, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£137K04/230.19 mi12, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£130K10/200.19 mi29, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£209K12/200.25 miApartment 4, Stinton Court, Princes Drive, Worcester, Worcestershire WR1 2PE2
£74.8K05/210.29 mi8, Sawmill Close, Worcester, Worcestershire WR5 1EU2
£183K03/230.33 miFlat 25, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£230K09/230.33 miAlbion Mill, Flat 32, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£76K06/230.33 miFlat 17, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£80.5K01/230.33 miFlat 29, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£97K02/210.35 mi75, Friar Street, Worcester, Worcestershire WR1 2NA2
£85K08/230.36 mi72, Portland Street, Diglis, Worcester, Worcestershire WR1 2NW2
£150K01/230.37 miFlat 2, Wyatts Mews, Union Street, Worcester, Worcestershire WR1 2AS2
£137K11/210.4 miFlat 10, Amber Reach, Spring Lane, Worcester, Worcestershire WR5 1AU2
£242.5K03/230.43 miApartment 11, Waters Edge, Armstrong Drive, Worcester, Worcestershire WR1 2GJ2
£285K03/230.43 miApartment 4, Waters Edge, Armstrong Drive, Worcester, Worcestershire WR1 2GJ2
£240K12/200.43 miApartment 7, Waters Edge, Armstrong Drive, Worcester, Worcestershire WR1 2GJ2
£240K05/210.44 miFlat 54, Harry Davis Court, Armstrong Drive, Worcester, Worcestershire WR1 2AJ2
£135K12/220.45 mi12, Vesta Tilley Court, Worcester, Worcestershire WR1 2BL2
£210K07/230.45 miFlat 93, Harry Davis Court, Armstrong Drive, Worcester, Worcestershire WR1 2AJ2
£145K07/210.46 miFlat 3, Fairfax House, Fish Street, Worcester, Worcestershire WR1 2HN2
£140K09/230.49 mi19, Kennet Green, Worcester, Worcestershire WR5 1JQ2
£150K06/230.49 mi9, Kennet Green, Worcester, Worcestershire WR5 1JQ2
£175K07/240.49 mi31, Kennet Green, Worcester, Worcestershire WR5 1JQ2
£290K10/230.6 miApartment 19, Aston Court, Basin Road, Worcester, Worcestershire WR5 3FR2
£155K07/230.68 mi37, Sansome Place, Worcester, Worcestershire WR1 1UA2
£148K07/210.72 mi77, Lion Court, Worcester, Worcestershire WR1 1UT2
£167.5K03/230.72 mi65, Lion Court, Worcester, Worcestershire WR1 1UT2
£145.8K07/210.72 mi61, Lion Court, Worcester, Worcestershire WR1 1UT2
£148K02/210.72 mi79, Lion Court, Worcester, Worcestershire WR1 1UT2
£120K06/210.72 miFlat 22, Anchor House, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2
£88K05/230.72 miFlat 4, Quay House, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2
£80K10/230.72 miWharf House, Flat 17, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2
£140K12/200.73 miFlat 53, Newport House, Newport Street, Worcester, Worcestershire WR1 3NG2
£135K07/220.76 mi6, Michael Tippet Drive, Worcester, Worcestershire WR4 9EH2
£165K12/230.76 mi47, Magdala Court, Worcester, Worcestershire WR1 3PB2
£146K07/220.76 mi4, Michael Tippet Drive, Worcester, Worcestershire WR4 9EH2
£170K11/200.79 miApartment 6, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£164K06/210.79 miApartment 1, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£180K11/230.79 miApartment 6, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£270K08/230.81 miApartment 2, Victoria Institute, Sansome Walk, Worcester, Worcestershire WR1 1DF2
£135K09/210.85 mi8, Bromwich Road, Worcester, Worcestershire WR2 4AA2
£117.5K05/210.85 mi4, Hillside Close, Worcester, Worcestershire WR5 1HS2
£157.5K05/220.87 mi9, Hales Orchard, Worcester, Worcestershire WR2 4BY2

Local Rents

42 rents from £750/mo to £1.3K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£79511/240.15 miBattenhall Road, Worcestershire2
£84003/250.15 mi-2
£95011/240.21 miBath Road, Worcester, WR52
£89511/240.22 mi*LET AGREED* Bath Road, WR52
£1,05002/240.25 mi-2
£95011/240.26 mi-2
£95001/250.26 mi-2
£1,05011/240.28 mi-2
£85011/240.28 miSt Wulstans Court, Bath Road, Worcester, WR52
£1,15012/240.29 mi-2
£87511/240.32 miSevern Street, Worcester, Worcestershire2
£79511/240.34 miCollege Street, Worcester2
£89511/240.34 mi**LET AGREED** Diglis Road, WR52
£99911/240.34 miFriar Street, Worcester, WR12
£99911/240.34 mi-2
£99903/250.34 mi-2
£83011/240.34 mi-2
£75011/240.35 miWyatts Mews, Union Street, Worcester City Centre, WR12
£92511/240.4 miSpring Lane, WORCESTER2
£1,25011/240.41 miApartment 21, Waters Reach, Armstrong Drive, Worcester, Worcestershire, WR1 2GH2
£95011/240.42 miByfield Rise, Worcester, WR52
£75011/240.42 mi21 Nicol Court, Nashs Passage, Worcester, Worcestershire, WR1 2AN2
£79511/240.43 miHill Street, Worcester2
£75011/240.44 miNicol Court, Nashs Passage, Worcester, Worcestershire, WR1 2AN2
£75011/240.44 miWorcester, Worcestershire2
£1,05003/250.48 mi-2
£95006/230.48 mi-2
£89511/240.51 miCavalier Crescent, Worcester, Worcestershire, WR52
£1,10011/240.52 miThe Old Fire Station, Copenhagen Street2
£99511/240.53 mi3 Orchard Mews, Orchard Street, Worcester, Worcestershire, WR52
£1,10002/250.53 mi-2
£85002/240.55 mi-2
£85002/240.55 mi-2
£90001/250.55 mi-2
£97502/250.55 mi-2
£85011/240.56 miBath Road, Worcester, WR52
£1,15011/240.57 miWoodhouse Close, Riverbank Court, WR52
£92503/250.6 mi-2
£99511/240.61 mi-2
£1,20011/240.61 miWoodhouse Close, Worcester, Worcestershire, WR52
£1,25011/240.62 miMillwright House, Basin Road, Worcester, Worcestershire, WR5 3GR2
£1,10011/240.62 miLockwheel House, 4 Woodhouse Close, Worcester, WR52

Local Area Statistics

Population in WR5

30,933

Population in Worcester

142,140

Town centre distance

0.25 miles away

Nearest school

0.10 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £100,000

November 1, 2024

Floor Plans

Description

  • 2 Bedrooms +
  • 1 Reception Room +
  • 1 Bathroom +
  • Flat/Apartment +
  • Ground Floor +
  • Resident Parking +
  • Leasehold +

CASH BUYERS ONLY DUE TO LEASE LENGTH BEING 54 YEARS.

This 2 bedroom ground floor apartment offers buyers an entrance hall, spacious living room with back door, kitchen, utility room, master bedroom, double second bedroom and bathroom.

Further benefits include, close proximity to local shops, schools, M5 and Junction 6.

Maintenance Fee £107 per month inc. buildings insurance.

Rental Potential £850 with a yield of 8.5%

Please call on option 2.

Agent Details

The Property Centre, Worcester

01905 917025

Next Steps?

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