3 Bed Semi-Detached House, Refurb/BRRR, Kidderminster, DY10 2UU, £195,000

Wolverhampton Road, Kidderminster, DY10 2UU - 1 views - 5 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+11 photos

ValuationFair Value

Sold Prices£110K - £560K
Sold Prices/m²£1.3K/m² - £4.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.1K/m²

Value Estimate

£195,000

 

 

End Value (After Refurb)

£229,130

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£10,950

Refurb Costs

£36,849

Bridging Loan Interest

£5,119

Total Cash In

£103,418

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£229,130

Mortgage (After Refinance)

£171,848

Mortgage LTV

75%

Cash Released

£25,598

Cash Left In

£77,820

Equity

£57,283

Rent Range

£850 - £1,795

Rent Estimate

£1,061

Running Costs/mo

£948

Cashflow/mo

£113

Cashflow/yr

£1,353

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £110K to £560K, average is £218.5K. £1.3K/m² to £4.5K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£235.5K03/210 mi105, Wolverhampton Road, Kidderminster, Worcestershire DY10 2UU3
£185K07/210.01 mi79, Wolverhampton Road, Kidderminster, Worcestershire DY10 2UU3
£175K02/210.04 mi17, Wolverhampton Road, Kidderminster, Worcestershire DY10 2UT3
£305K11/220.04 mi202, Stourbridge Road, Kidderminster, Worcestershire DY10 2UY3
£215K10/210.11 mi186, Stourbridge Road, Kidderminster, Worcestershire DY10 2UX3
£220K03/230.13 mi9, Walker Drive, Kidderminster, Worcestershire DY10 2YW3
£163K05/230.14 mi44, Dunnington Avenue, Kidderminster, Worcestershire DY10 2YT3
£210K12/200.16 mi64, Kendlewood Road, Kidderminster, Worcestershire DY10 2XG3
£235K09/230.17 mi175, Sion Avenue, Kidderminster, Worcestershire DY10 2YL3
£160K01/210.21 mi36, Pitt Street, Kidderminster, Worcestershire DY10 2UN3
£245K12/200.25 mi31, James Road, Kidderminster, Worcestershire DY10 2TP3
£222K04/210.28 mi15, Sion Avenue, Kidderminster, Worcestershire DY10 2YJ3
£220K08/230.28 mi185, Sion Avenue, Kidderminster, Worcestershire DY10 2YJ3
£173K12/200.29 mi17, Broadwaters Drive, Kidderminster, Worcestershire DY10 2RY3
£243.5K09/210.3 mi18, Highfield Road, Kidderminster, Worcestershire DY10 2TL3
£362K09/230.32 mi52, James Road, Kidderminster, Worcestershire DY10 2TR3
£282K02/210.32 mi27, Batham Road, Kidderminster, Worcestershire DY10 2TN3
£208K11/200.34 mi31, Vine Street, Kidderminster, Worcestershire DY10 2TS3
£170K01/210.37 mi48, Upton Road, Kidderminster, Worcestershire DY10 2YD3
£167.5K01/210.37 mi38, Batham Road, Kidderminster, Worcestershire DY10 2TW3
£225K08/210.39 mi43, Turton Street, Kidderminster, Worcestershire DY10 2TH3
£220K12/220.41 mi70, Highfield Road, Kidderminster, Worcestershire DY10 2TJ3
£120K04/210.41 mi32, Baskerville Road, Kidderminster, Worcestershire DY10 2YE3
£175K10/230.42 mi17, Badland Avenue, Kidderminster, Worcestershire DY10 2YH3
£255.5K11/220.46 mi345, Chester Road North, Kidderminster, Worcestershire DY10 2RU3
£217K10/210.46 mi350, Chester Road North, Kidderminster, Worcestershire DY10 2RU3
£110K12/200.46 mi28, Upton Road, Kidderminster, Worcestershire DY10 2YB3
£250K06/230.46 mi300, Hurcott Road, Kidderminster, Worcestershire DY10 2RQ3
£325K03/210.46 mi305, Hurcott Road, Kidderminster, Worcestershire DY10 2RQ3
£177K01/210.46 mi312, Hurcott Road, Kidderminster, Worcestershire DY10 2RQ3
£163.5K04/210.47 mi58, Land Oak Drive, Kidderminster, Worcestershire DY10 2SY3
£246K11/200.47 mi36, Land Oak Drive, Kidderminster, Worcestershire DY10 2SY3
£560K02/230.48 miMill House, Hurcott Lane, Kidderminster, Worcestershire DY10 3PJ3
£210K12/200.49 mi26, Baldwin Road, Kidderminster, Worcestershire DY10 2UA3
£310K03/230.49 mi68, Baldwin Road, Kidderminster, Worcestershire DY10 2UA3
£240K01/210.51 mi45, Bruce Road, Kidderminster, Worcestershire DY10 2TX3
£225K12/220.55 mi369, Stourbridge Road, Kidderminster, Worcestershire DY10 2QE3
£122.5K11/220.55 mi45, Usmere Road, Kidderminster, Worcestershire DY10 2XZ3
£250K06/210.57 mi3, Cavendish Drive, Kidderminster, Worcestershire DY10 2SX3
£213K07/230.58 mi5, The Quarry, Kidderminster, Worcestershire DY10 2QD3
£150K11/220.59 mi56, Cairndhu Drive, Kidderminster, Worcestershire DY10 2TA3
£210K05/230.59 mi14, Land Oak Drive, Kidderminster, Worcestershire DY10 2ST3
£258K11/200.59 mi26, Land Oak Drive, Kidderminster, Worcestershire DY10 2ST3
£220K02/210.59 mi1, Land Oak Drive, Kidderminster, Worcestershire DY10 2ST3
£210K11/200.59 mi8, Cairndhu Drive, Kidderminster, Worcestershire DY10 2TA3
£168K06/210.6 mi69, Bruce Road, Kidderminster, Worcestershire DY10 2TY3
£135K01/210.61 mi87, Hurcott Road, Kidderminster, Worcestershire DY10 2QT3
£275K01/230.62 mi7, Brookdale, Kidderminster, Worcestershire DY10 2PY3
£285K12/220.63 mi380, Chester Road North, Kidderminster, Worcestershire DY10 2RS3
£170K07/210.63 mi13, The Oaklands, Kidderminster, Worcestershire DY10 2SB3

Local Rents

36 rents from £850/mo to £1.8K/mo, average is £973/mo.

RentDateDistanceAddressBeds 
£87503/240.17 miPitt Street, Kidderminster, Worcestershire, DY103
£90003/240.31 miLenchville, Kidderminster3
£90012/240.32 miLenchville, KIDDERMINSTER3
£1,30012/240.35 miWolverley Road, Wolverley, Kidderminster3
£1,20009/240.46 mi-3
£90012/240.46 miHurcott Road, KIDDERMINSTER3
£95003/240.48 miUpton Road, Kidderminster3
£95012/240.48 miUpton Road, Kidderminster3
£90012/240.52 mi-3
£99512/240.63 miChester Road North, KIDDERMINSTER3
£1,10012/240.64 miCoates Road, Kidderminster3
£1,79512/240.69 miCastle Barns, Cookley, Kidderminster, DY103
£1,65003/240.73 miBirmingham Road, KIDDERMINSTER3
£1,12512/240.74 miMerton Close, Kidderminster, Worcestershire3
£85012/240.91 mi-3
£85012/240.91 mi-3
£1,39512/240.93 mi-3
£1,39512/240.93 mi-3
£85004/240.94 miWaterside Grange, KIDDERMINSTER3
£1,10003/240.95 miSycamore Close, KIDDERMINSTER3
£90003/240.98 miRadford Avenue, KIDDERMINSTER3
£90012/240.98 miRadford Avenue, KIDDERMINSTER3
£85012/240.99 miAlbert Road, Kidderminster, DY103
£1,10003/241 miWestcott Road, Kidderminster, DY103
£1,10012/241 miWestcott Road, Kidderminster, DY103
£1,15006/241 mi-3
£1,15006/241 mi-3
£1,15006/241 mi-3
£95003/241.01 miLeswell Street, Kidderminster3
£95012/241.01 miLeswell Street, KIDDERMINSTER3
£1,25003/241.1 mi-3
£90004/241.14 miEast Street, KIDDERMINSTER3
£87512/241.14 miLorne Street, Kidderminster3
£90012/241.14 mi-3
£1,10003/251.14 mi-3
£1,20003/241.15 miShrubbery Close, Cookley, KIDDERMINSTER3

Local Area Statistics

Population in DY10

35,493

Population in Kidderminster

74,037

Town centre distance

1.16 miles away

Nearest school

0.20 miles away

Nearest train station

1.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £195,000

November 18, 2024

Floor Plans

Description

  • THREE BEDROOM FAMILY HOME IN IDEAL LOCATION +
  • SPACIOUS LOUNGE & CONSERVATORY +
  • GAS CENTRAL HEATING & DOUBLE GLAZING +
  • REAR PARKING AND GARDEN +
  • FRONT GARDEN WITH TREE BOUNDARY +

SUMMARY
Fantastic family home situated ideally for commuting, local schooling and public transport routes. Boasting spacious rooms throughout with storage solutions and ample outdoor space.

DESCRIPTION
Situated ideally for commuting, with routes including the A449 and A451 sitting either side of this property! St Oswolds Primary School and Nursery are located less than 1 mile away, and public transport routes running past regularly provide easy access to surrounding areas. Parking and access to the rear of the property, with a block paved area for off-road parking and a patio area. Stepping into a fitted kitchen, leading through to the lounge and conservatory at the front of the property. Heading upstairs you will find three bedrooms and a shower room. Gas central heating and double glazing. Out from the conservatory is the front garden with steps from the garden lead down to the main road.

Rear Elevation 
Used as the main access for the property, with a block paved driveway providing off-road parking, a large wooden built shed and a patio area. Door leading into the property.

Kitchen 11' 11" x 9' 3" ( 3.63m x 2.82m )
Fitted kitchen offering a range of wall and base units and work surface space. Inset sink and drainer unit, integrated oven and hob and plumbing for a washing machine. Laminate flooring, ceiling light point and a double glazed window and door to the rear.

Lounge 18' 4" x 10' 5" ( 5.59m x 3.17m )
Spacious living area boasting laminate flooring, two panelled radiators, ceiling and wall lighting and double glazed windows to the front and rear.

Hallway 
Situated between the conservatory and lounge, with laminate flooring, ceiling light point and stairs up to the first floor.

Conservatory  14' 5" x 6' ( 4.39m x 1.83m )
Offering laminate flooring, double glazing throughout and a door into the front garden.

First Floor Landing  
Stairs up from the hallway onto the first floor landing with a ceiling light point and a double glazed window to the side.

Bedroom One 13' x 8' 11" ( 3.96m x 2.72m )
Double bedroom offering fitted carpet, ceiling light point, panelled radiator and a double glazed window to the rear.

Bedroom Two 9' 11" x 9' 1" ( 3.02m x 2.77m )
Offering fitted carpet, ceiling light point, panelled radiator and a double glazed window to the front.

Bedroom Three 9' 10" x 6' 11" ( 3.00m x 2.11m )
Offering fitted carpet, ceiling light point, panelled radiator and a double glazed window to the rear.

Shower Room 
White suite comprising a wash hand basin, low flush WC and a walk-in shower cubicle with glass sliding door. Tiled walls and flooring, built-in storage cupboard, ceiling light point and a double glazed frosted window to the front.

Outside  

Garden Space  
In need of some TLC with a patio area and lawn laid beyond. Sitting at the front of the property, with steps down to the main road.

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, Kidderminster

01562 541721

Next Steps?

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