2 Bed Flat, Cash/Bridging Only, Kidderminster, DY10 1LN, £50,000

St. Cecilia Close, Kidderminster, DY10 1LN - 5 months ago

Sold STC
Leasehold
Cash
ROI: 6%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£39.5K - £208K
Sold Prices/m²£1.5K/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£734/m²

Value Estimate

£51,500
BMV3%

 

 

End Value (After Refurb)

£133,398

Uplift in Value

+167%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Refurb Costs

£26,987

Bridging Loan Interest

£1,313

Total Cash In

£46,250

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£133,398

Agent Fees (1%)

£1,334

Bridging Loan

£37,500

Bridging Loan Interest

£1,313

Flip Profit

£48,314

Local Sold Prices

32 sold prices from £39.5K to £208K, average is £100K. £1.5K/m² to £2.5K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£40K08/220.02 miFlat 60, Champney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LW2
£42.5K09/210.02 miFlat 59, Champney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LW2
£42K12/200.06 miFlat 21, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£48K04/230.06 miFlat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£46.5K10/200.06 miFlat 9, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£48.5K12/210.06 miFlat 16, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£44K12/200.06 miFlat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£40.5K03/210.06 miFlat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£43.5K11/200.06 miFlat 31, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£55K04/230.06 miFlat 6, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£39.5K12/220.06 miFlat 49, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£85K05/230.3 mi96, Dunlin Drive, Kidderminster, Worcestershire DY10 4TA2
£90K05/230.55 mi49, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£95K08/230.55 mi26, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£95K02/230.55 mi63, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£145K09/220.55 mi8, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£142.5K09/220.55 mi47, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£160K09/230.55 mi9, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£208K10/200.57 mi15, Northumberland Avenue, Kidderminster, Worcestershire DY11 7AN2
£165K10/200.7 miFlat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD2
£165K10/200.7 miFlat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD2
£170K09/220.73 miFlat 17, Fairways Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£175K08/220.73 miFlat 7, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£147.5K11/200.73 miFlat 11, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£105K10/200.75 mi5, Stewart Court, Kidderminster, Worcestershire DY10 1UR2
£117K11/210.84 miFlat 34, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£112K11/200.84 miFlat 30, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£110K08/220.84 miFlat 2, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£117K07/220.84 miFlat 32, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£130K02/230.86 miFlat 21, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£80K06/220.9 mi1, Poplar Road, Kidderminster, Worcestershire DY11 6ND2
£106K03/210.98 miFlat 9, Wellington Court, Sutton Road, Kidderminster, Worcestershire DY11 6QP2

Local Rents

10 rents from £695/mo to £850/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85011/240.03 mi-2
£85001/250.03 mi-2
£85001/250.03 mi-2
£69503/240.06 miSt Cecilia Close, Kidderminster, DY102
£85011/240.35 mi-2
£85012/240.45 miWhinchat Grove, KIDDERMINSTER2
£85012/240.47 miBeauchamp Heights, Kidderminster, Worcestershire, DY112
£75012/240.47 miRobin Court, Kidderminster, DY102
£82512/240.49 miPeregrine Grove, Kidderminster, DY102
£82504/240.53 miLinnet Rise, Kidderminster, DY102

Local Area Statistics

Population in DY10

35,493

Population in Kidderminster

74,037

Town centre distance

1.04 miles away

Nearest school

0.60 miles away

Nearest train station

0.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Price changed to £50,000

February 28, 2025

Listed for £62,500

November 8, 2024

Floor Plans

Description

  • CASH PURCHASE ONLY +
  • A spacious two bedroom ground floor flat +
  • Allocated off-road parking for one car +
  • Two double bedrooms +
  • Offering generously proportioned and well presented layout +
  • Kitchen with integrated appliances +
  • Available with no upward chain +
  • Well placed for local shops/amenities +
  • Within a convenient location in Kidderminster +
  • Virtual Tour available +

CASH PURCHASE ONLY - A spacious two bedroom ground floor flat, with allocated parking space for one car situated directly to the front. Offering a generously proportioned and well presented layout, including a good sized lounge, a kitchen with integrated appliances and two double bedrooms. Well placed for local shops/amenities and in a convenient location in Kidderminster.

The Accommodation:
With uPVC double glazing, electric heating and accommodation comprising: communal ground floor lobby, private entrance hallway with two built-in storage cupboards (one double); good sized lounge including an electric fire with a feature fireplace surround and an open front outlook onto Kidderminster viaduct; kitchen with an integrated Beko electric hob, integrated Indesit electric oven with a grill and an integrated washing machine; two double bedrooms (both with fitted wardrobes and furniture); white bathroom with an electric shower over the bath and a built-in storage cupboard; and a separate WC.

Outside:
The flat includes allocated off-road parking for one car, which is situated directly to the front.

Available with no upward chain, this very generous ground floor flat can only be fully appreciated upon a personal visit. Early appointments are recommended to avoid disappointment.

Location:
Kidderminster is a large and historic town in Worcestershire. Located north of the River Stour and east of the River Severn, Kidderminster is 17 miles south-west of Birmingham and 15 miles north of Worcester. The town enjoys a good choice of pubs, cafes and restaurants along with small independent shops, a selection of sport and leisure facilities and a schooling for children of all ages. Kidderminster is served by an excellent motorway network with excellent links to the M5, M6, M40 and M42. Birmingham International Airport is approximately 50 minutes away and the main line train station in Kidderminster has regular services to and from Worcester, Birmingham and London.

Tenure:
Leasehold

Services:
Mains electricity, water and drainage

Local Authority:
Wyre Forest District Council

Council Tax:
Band A

EPC:
Rated D

Agent Details

Eden Midcalf, Bewdley

01299 663484

Next Steps?

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