3 Bed Semi-Detached House, Cash/Bridging Only, Worcester, WR5 1PF, £130,000

Canterbury Road, Worcester, WR5 1PF - 6 views - 5 months ago

Sold STC
Cash
ROI: 2%
~93 m²
+6 photos

ValuationFair Value

Sold Prices£115K - £340K
Sold Prices/m²£1K/m² - £3.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£130,000

 

 

End Value (After Refurb)

£258,348

Uplift in Value

+99%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£36,762

Bridging Loan Interest

£3,413

Total Cash In

£79,525

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£258,348

Agent Fees (1%)

£2,583

Bridging Loan

£97,500

Bridging Loan Interest

£3,413

Flip Profit

£78,739

Local Sold Prices

50 sold prices from £115K to £340K, average is £215K. £1K/m² to £3.7K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£135K11/200 mi159, Canterbury Road, Worcester, Worcestershire WR5 1PF3
£135.5K11/200.06 mi108, Carlisle Road, Worcester, Worcestershire WR5 1HZ3
£205K05/230.06 mi88, Carlisle Road, Worcester, Worcestershire WR5 1HZ3
£225K09/210.09 mi2, Linksview Crescent, Worcester, Worcestershire WR5 1JJ3
£270K01/240.09 mi16, Linksview Crescent, Worcester, Worcestershire WR5 1JJ3
£340K10/230.11 mi13, Linksview Crescent, Worcester, Worcestershire WR5 1JH3
£143K10/200.13 mi172, Canterbury Road, Worcester, Worcestershire WR5 1PH3
£123K04/210.14 mi1, Canterbury Road, Worcester, Worcestershire WR5 1NG3
£161K09/210.14 mi34, Carlisle Road, Worcester, Worcestershire WR5 1HX3
£183K01/210.14 mi121, Canterbury Road, Worcester, Worcestershire WR5 1PD3
£302K12/230.17 mi60, Popert Drive, Worcester, Worcestershire WR5 1SY3
£233K01/210.17 mi86, Popert Drive, Worcester, Worcestershire WR5 1SY3
£240K12/230.18 mi40, Norwich Road, Worcester, Worcestershire WR5 1NX3
£275K03/210.18 mi5, Chesterton Gardens, Worcester, Worcestershire WR5 1SR3
£155K08/210.18 mi45, Norwich Road, Worcester, Worcestershire WR5 1NY3
£280K12/200.19 mi215, Newtown Road, Worcester, Worcestershire WR5 1JB3
£267.5K06/210.2 mi6, Darwin Avenue, Worcester, Worcestershire WR5 1SP3
£186K03/210.21 mi31, Canterbury Road, Worcester, Worcestershire WR5 1NU3
£212K11/210.23 mi4, Peterborough Close, Worcester, Worcestershire WR5 1PW3
£248K10/230.23 mi26, Peterborough Close, Worcester, Worcestershire WR5 1PW3
£307.5K12/230.26 mi10, Aconbury Close, Worcester, Worcestershire WR5 1JD3
£202K06/210.26 mi98, Canterbury Road, Worcester, Worcestershire WR5 1PL3
£203K01/210.27 mi10, Truro Gardens, Worcester, Worcestershire WR5 1RY3
£225K02/210.27 mi15, Truro Gardens, Worcester, Worcestershire WR5 1RY3
£206K11/230.29 mi102, Newtown Road, Worcester, Worcestershire WR5 1JL3
£270K04/240.3 mi59, Chelmsford Drive, Worcester, Worcestershire WR5 1QX3
£250K05/230.3 mi1, Chester Close, Worcester, Worcestershire WR5 1QZ3
£246K11/230.32 mi14, Blossom Close, Worcester, Worcestershire WR5 1SN3
£215K01/210.32 mi1, Blossom Close, Worcester, Worcestershire WR5 1SN3
£220K11/200.32 mi6, Blossom Close, Worcester, Worcestershire WR5 1SN3
£245K06/230.32 mi6, Blossom Close, Worcester, Worcestershire WR5 1SN3
£196.5K03/210.33 mi14, Liverpool Road, Worcester, Worcestershire WR5 1QW3
£215K01/210.33 mi1, Blossom Close, Worcester, Worcestershire WR5 1SN3
£275K05/210.35 mi5, Copsewood Avenue, Worcester, Worcestershire WR5 1SH3
£275K05/210.35 mi5, Copsewood Avenue, Worcester, Worcestershire WR5 1SH3
£185K10/210.36 mi11, Trent Road, Worcester, Worcestershire WR5 1LA3
£250K06/230.38 mi68, Humber Road, Worcester, Worcestershire WR5 1LH3
£152K01/210.42 mi101, Avon Road, Worcester, Worcestershire WR4 9AQ3
£160K04/210.42 mi99, Avon Road, Worcester, Worcestershire WR4 9AQ3
£152K04/210.43 mi2, Solent Road, Worcester, Worcestershire WR5 1LD3
£210K08/230.44 mi11, Solent Road, Worcester, Worcestershire WR5 1LG3
£205K04/230.45 mi15, Avon Close, Worcester, Worcestershire WR4 9BW3
£231.5K06/210.46 mi64, Prestwich Avenue, Worcester, Worcestershire WR5 1QF3
£190.3K11/200.46 mi51, Prestwich Avenue, Worcester, Worcestershire WR5 1QF3
£245K05/230.46 mi46, Newtown Road, Worcester, Worcestershire WR5 1HJ3
£125K05/210.48 mi133, Liverpool Road, Worcester, Worcestershire WR5 1QJ3
£140K06/210.49 mi35b, Teme Road, Worcester, Worcestershire WR4 9AW3
£115K02/210.49 mi59, Liverpool Road, Worcester, Worcestershire WR5 1QH3
£277K02/210.5 mi12, Devon Road, Worcester, Worcestershire WR5 1QQ3
£270K05/210.5 mi9, Devon Road, Worcester, Worcestershire WR5 1QQ3

Local Rents

10 rents from £1K/mo to £1.4K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,35004/240.04 mi-3
£1,35011/240.13 mi-3
£1,25011/240.36 mi-3
£1,25006/240.36 mi-3
£1,20002/250.51 mi-3
£1,40011/240.54 mi-3
£1,35002/250.54 mi-3
£1,20002/240.59 mi-3
£1,39504/250.59 mi-3
£1,00002/240.62 mi-3

Local Area Statistics

Population in WR5

30,933

Population in Worcester

142,140

Town centre distance

1.15 miles away

Nearest school

0.20 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £130,000

November 14, 2024

Floor Plans

Description

  • Semi-Detached Home +
  • Three Bedrooms +
  • Cash Buyers Only +
  • No Onward Chain +
  • Gardens to Front and Rear +
  • Driveway for One Vehicle +
  • DO YOU HAVE A PROPERTY TO SELL? Call us to find out how we can get you moving! +
  • NEED A MORTGAGE? We have exclusive rates and could save you some money! +

SUMMARY
Attention investors, we have a great opportunity for you! We are offering a three bedroom semi-detached home offering spacious and versatile living accommodation throughout plus gardens to the front and rear and driveway for one vehicle! This property is also offered with no onward chain!

DESCRIPTION
A delightful semi-detached home open to cash buyers only due to the construction of the property being non-standard. This property offers spacious and versatile living accommodation, three bedrooms and ample outside space having driveway providing parking for one vehicle plus gardens to the front and the rear. This property is offered with no onward chain!

Location 
Worcester City Centre is made up of a variety of large High Street brands, as well as lots of boutiques and independent retailers. Within the High Street there are many restaurants, pubs and wine bars.
Junction 7 of the M5 motorway is only a short drive away (approximately 3 miles) and the city also benefits from having two train stations at Foregate Street and Shrub Hill. These stations serve Birmingham and are also on a direct line to London Paddington.
Education within the city centre comprises a variety of schools, including Stanley Road, St Georges RC, Cherry Orchard Primary School and Blessed Edward Secondary School to name a few. Worcester also boasts some well-regarded Private schools including Kings and Royal Grammar School as well as the University which is well known for its teaching and sporting degrees in addition to its research work.

Accommodation Details 
The property comprises of entrance hall, sitting room, kitchen, three bedrooms and bathroom.

The property further benefits from having driveway to the front, front and rear gardens.

Ground Floor 

Entrance Hall 
Doors to sitting/ dining room and kitchen, Stairs to first floor, ceiling light, radiator, smoke alarm, understairs storage.

Sitting/ Dining Room 10' 5" x 20' 10" ( 3.17m x 6.35m )
Front and rear facing windows, door to kitchen, two ceiling lights, two radiators, fireplace.

Kitchen 12' 11" x 10' 6" ( 3.94m x 3.20m )
Side facing window, patio door to rear, fitted kitchen with a range of eye level and floor mounted units, freestanding cooker, space for under counter fridge, space for under counter freezer, single bowl stainless steel sink drainer unit, tiled splashback, ceiling light, storage cupboard, wooden laminate flooring.

First Floor Landing 
Side facing window, doors to all bedrooms and bathroom, ceiling light, access to loft hatch.

Bedroom One 14' 3" x 10' 7" plus wardrobe ( 4.34m x 3.23m plus wardrobe )
Front facing window, ceiling light, radiator, built in wardrobes.

Bedroom Two 8' 2" x 14' 3" ( 2.49m x 4.34m )
Rear facing window, ceiling light, radiator, built in wardrobes.

Bedroom Three 7' 6" x 9' 7" ( 2.29m x 2.92m )
Front facing window, ceiling light, radiator.

Bathroom 
Rear facing window, ceiling light, bath with shower over, WC, wash hand basin, radiator.

Outside Front 
To the front of the property there is a paved driveway providing off road parking for one vehicle, lawned foregarden with shrubs surrounding, gated access to the rear.

Outside Rear 
To the rear of the property there is generous enclosed garden which is mainly laid to lawn with paved pathway to the end of the garden, small summerhouse, greenhouse, decked area and borders of trees and mature shrubs.

Services 
All mains are connected to the property.

DIRECTIONS
From Worcester City Centre proceed in an easterly direction through Lowesmoor, at the mini roundabout bear right, keeping in the right hand lane passing over the traffic lights and onto Shrub Hill Road, at the next set of lights bear left passing under the railway bridge and on to Newtown Road taking the first right into Canterbury Road where the property is situated on the left 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?

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

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