2 Bed Semi-Detached House, Single Let, Worcester, WR2 4SU, £182,000

Tannery Drive, Powick, Worcester, Worcestershire, WR2 4SU - 5 months ago

Sold STC
BTL
~68 m²
+14 photos

ValuationUndervalued

Sold Prices£175.5K - £420.2K
Sold Prices/m²£2.2K/m² - £4.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£227,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,500

Stamp Duty & Legal Fees

£10,300

Total Cash In

£55,800

 

 

Cash Out

 

Rent Range

£560 - £3,500

Rent Estimate

£694

Running Costs/mo

£728

Cashflow/mo

£-34

Cashflow/yr

£-403

Gross Yield

5%

Local Sold Prices

31 sold prices from £175.5K to £420.2K, average is £238K. £2.2K/m² to £4.7K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£225K11/220.07 mi14, Deane Close, Powick, Worcester, Worcestershire WR2 4QL2
£420.2K09/210.61 mi37, Kings End Road, Powick, Worcester, Worcestershire WR2 4RB2
£175.5K09/210.82 mi23, The Village, Powick, Worcester, Worcestershire WR2 4QR2
£185K06/230.84 mi33, Village, Powick, Worcester, Worcestershire WR2 4QS2
£249.5K12/231.15 mi27, Bowhill, Callow End, Worcester, Worcestershire WR2 4TN2
£237K12/201.24 mi5, Alton Park, Callow End, Worcester, Worcestershire WR2 4UJ2
£222K07/231.3 mi21a, Upper Ferry Lane, Callow End, Worcester, Worcestershire WR2 4TL2
£250K08/211.36 mi9, White Horse Close, Worcester, Worcestershire WR2 4EB2
£280K06/231.37 mi3, Ontario Close, Worcester, Worcestershire WR2 4EQ2
£178.1K03/211.38 mi219, Worcester Road, Newland, Malvern, Worcestershire WR13 5BA2
£260K12/221.38 mi8, Manitoba Close, Worcester, Worcestershire WR2 4XP2
£200K11/201.4 mi101, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4EE2
£235K07/231.43 mi86, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4XR2
£265K11/231.44 mi52, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4DB2
£290K09/231.44 mi56, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4DB2
£216K02/211.44 mi90, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4XR2
£248.5K06/211.45 mi22, Beaver Close, Lower Wick, Worcester, Worcestershire WR2 4EG2
£225K08/231.45 mi2, Beaver Close, Lower Wick, Worcester, Worcestershire WR2 4EG2
£225K08/231.45 mi2, Beaver Close, Lower Wick, Worcester, Worcestershire WR2 4EG2
£291K08/231.49 mi18, Winnipeg Close, Lower Wick, Worcester, Worcestershire WR2 4XT2
£265K02/231.54 mi5, Westmount Close, Worcester, Worcestershire WR2 4EF2
£245K02/231.55 mi48, Canada Way, Lower Wick, Worcester, Worcestershire WR2 4ED2
£235K07/231.58 mi128, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4XQ2
£255K11/231.6 mi3, Calgary Drive, Worcester, Worcestershire WR2 4DW2
£220K09/211.6 mi1, Calgary Drive, Worcester, Worcestershire WR2 4DW2
£238K06/211.61 mi10, Calgary Drive, Worcester, Worcestershire WR2 4DT2
£250K11/211.62 mi72, Canada Way, Lower Wick, Worcester, Worcestershire WR2 4XE2
£280K12/201.73 mi22, Sherwood Lane, Worcester, Worcestershire WR2 4NY2
£220K03/231.79 mi5, Baradene Lane, Rushwick, Worcester, Worcestershire WR2 5TL2
£270K12/231.96 miLlanberis, Bath Road, Broomhall, Worcester, Worcestershire WR5 3HW2
£230K12/201.99 mi1, Catherine Road, Worcester, Worcestershire WR2 4JL2

Local Rents

43 rents from £560/mo to £3.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,45002/250.1 mi-3
£1,45011/240.42 miThe Drive, Powick, Worcester, WR24
£2,25011/241.17 miHawthorn Lane, Newland4
£1,54511/241.64 miFranklin Close, Worcester4
£1,25006/241.78 mi-3
£1,00011/241.81 miSnowdrop Way, Rushwick2
£1,80011/241.87 miMere Close, Rushwick, Worcester, WR24
£95011/241.88 miCider Mill Close, Rushwick, Worcester, WR22
£3,50002/242.09 mi-7
£3,50002/242.09 mi-7
£1,15004/252.09 mi-2
£56006/232.1 mi-2
£1,74904/252.1 mi-4
£1,19511/242.11 miSentinel Close, Worcester WR23
£89511/242.14 miCordwainers Court, Willis Place, Worcester2
£1,15009/242.15 mi-1
£95012/242.15 mi-1
£97511/242.18 miWillis Place, WORCESTER2
£92511/242.18 miYarrow Close, WORCESTER2
£1,32511/242.19 miPrimrose Crescent, Worcester3
£87503/252.21 mi-2
£95011/242.21 mi-3
£68011/242.24 miFlat 7, Cinderella Court, Watery Lane, Worcester2
£1,15011/242.25 miEllsdon Rise, Kempsey, WR53
£99511/242.26 miLeigh - Between Worcester and Malvern3
£1,10008/242.27 mi-2
£1,10002/242.28 mi-4
£97502/252.3 mi-2
£80011/242.34 miLockwheel House, Diglis1
£99511/242.34 miBasin Road, WORCESTER2
£1,10011/242.35 miLockwheel House, 4 Woodhouse Close, Worcester, WR52
£1,25011/242.35 miMillwright House, Basin Road, Worcester, Worcestershire, WR5 3GR2
£1,20011/242.35 miWoodhouse Close, Worcester, Worcestershire, WR52
£67511/242.36 mi7 Malvern Road, Worcester, Worcestershire, WR21
£1,15011/242.39 miWoodhouse Close, Riverbank Court, WR52
£79511/242.41 miSwanpool Walk, Worcester St. Johns, Worcester1
£79511/242.42 mi**New Build **One Bedroom Flat, Bromyard Road, Worcester1
£85011/242.42 miHappy Land North1
£97502/252.42 mi-2
£97502/242.43 mi-1
£99511/242.45 miBakers Mews, St Johns, Worcester St. Johns, Worcester3
£1,45011/242.46 miCrossley Road, Worcester, Worcestershire, WR54
£95011/242.46 miOrchard Street, WORCESTER3

Local Area Statistics

Population in WR2

29,799

Population in Worcester

142,140

Town centre distance

3.02 miles away

Nearest school

0.30 miles away

Nearest train station

3.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-23%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £182,000

November 5, 2024

Floor Plans

Description

  • Two-bedroom semi detached property available for purchase under the Discounted Market Sales scheme. +
  • The property is offered at just 70% of its market value, making it an affordable option for buyers. +
  • Modern build from 2019 with contemporary design. +
  • Ground floor with an open plan kitchen/lounge area and a ground floor WC. +
  • Two well-proportioned bedrooms and a stylish family bathroom on the first floor. +
  • Enclosed rear garden and off-road parking. +
  • Eligibility for the scheme requires a local connection to the area. +
  • Buyers are encouraged to get in touch to learn more about eligibility requirements and book a viewing. +
  • Council Tax Band - C +
  • EPC Rating - B +

Are you in search of an affordable property in the local area? Look no further! This wonderful two-bedroom semi detached home is now available for purchase through the Discounted Market Sales scheme. This scheme provides a fantastic opportunity for buyers to acquire a property at just 70% of its market value, all while retaining full ownership.

Constructed in 2019, this modern residence is ideal for those seeking a contemporary living space. The ground floor features an open-plan kitchen and lounge area, complemented by a convenient ground floor WC, perfect for hosting guests or enjoying family time. Upstairs, you’ll find two generously sized bedrooms and a stylish family bathroom.

Outside, the property offers an enclosed rear garden and off-road parking, providing ample room for vehicles and outdoor activities.

Located on Tannery Drive in the quaint village of Powick, the property is conveniently situated between Malvern and Worcester. The surrounding area is dotted with numerous walking and cycling trails, making it a haven for outdoor enthusiasts.

To qualify for this scheme, buyers must have a local connection to the area ( The Parish of Powick or the Parishes of Newland, Madresfield, Guarlford or Callow End ). If you believe you may be eligible, we encourage you to contact us today for more information on the requirements and to schedule a viewing of this exceptional property.

Don’t miss this chance to step onto the property ladder and secure your dream home at an affordable price!

- - - - - - - - - - - - -

To be considered:
*This is a discount market sale home offering 30% discount off the open market value. Whilst the purchaser will own 100% of the property, this discount remains a restriction on the property in perpetuity which means it remains in place on any future sales.

*There are Section 106 Agreement restrictions associated with this property. There are eligibility and local connection criteria which applicants are required to meet to be considered for this property.

*Eligibility criteria also remains in place for any future re-sale of this property. Applications must be submitted for approval by the local authority. To be considered for purchasing this property, a prospective purchaser must complete the application form in full and provide the necessary evidence to be reviewed by the local authority.

Agent Details

WR Estate Agents, Worcestershire

01905 613910

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪