3 Bed Semi-Detached House, Cash/Bridging Only, Worcester, WR2 4QY, £275,000

3 Winsmore, Powick, Worcestershire, WR2 4QY - 2 views - 5 months ago

Sold STC
Cash
98 m²
+8 photos

ValuationFair Value

Sold Prices£133.5K - £480K
Sold Prices/m²£1.7K/m² - £6.3K/m²

 

 

Square Metres

98 m²
Price/m²£2.8K/m²

Value Estimate

£277,750

 

 

End Value (After Refurb)

£288,505

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£38,739

Bridging Loan Interest

£7,219

Total Cash In

£127,158

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£288,505

Mortgage (After Refinance)

£216,379

Mortgage LTV

75%

Cash Released

£10,129

Cash Left In

£117,029

Equity

£72,126

Rent Range

£675 - £3,500

Rent Estimate

£1,112

Running Costs/mo

£1,144

Cashflow/mo

£-32

Cashflow/yr

£-384

Gross Yield

5%

Local Sold Prices

50 sold prices from £133.5K to £480K, average is £281K. £1.7K/m² to £6.3K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£285K03/210.1 mi8, Old Rectory Close, Worcester, Worcestershire WR2 4QU3
£370K06/210.16 mi46, Village, Powick, Worcester, Worcestershire WR2 4QT3
£330K11/210.3 mi86, Malvern Road, Powick, Worcester, Worcestershire WR2 4RT3
£360K01/230.56 mi44, Upton Road, Callow End, Worcester, Worcestershire WR2 4TZ3
£280K12/200.63 mi12, Old Malvern Road, Powick, Worcester, Worcestershire WR2 4RX3
£311K12/220.72 mi4, King Charles Avenue, Powick, Worcester, Worcestershire WR2 4QF3
£290K09/210.74 mi20, Hospital Lane, Powick, Worcester, Worcestershire WR2 4SQ3
£230K11/200.74 mi18, Hospital Lane, Powick, Worcester, Worcestershire WR2 4SQ3
£250K04/230.76 mi9, Cromwell Road, Powick, Worcester, Worcestershire WR2 4QJ3
£282K06/210.79 mi45, The Drive, Powick, Worcester, Worcestershire WR2 4SA3
£265K08/210.79 mi3, The Drive, Powick, Worcester, Worcestershire WR2 4SA3
£300K07/230.8 mi15, Essex Close, Powick, Worcester, Worcestershire WR2 4PX3
£315K06/210.81 mi4, Fleetwood Avenue, Powick, Worcester, Worcestershire WR2 4PY3
£230K09/210.91 mi24, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4DB3
£265K01/240.95 mi8, Montreal Close, Lower Wick, Worcester, Worcestershire WR2 4DZ3
£217.5K02/210.96 mi1, Regina Close, Lower Wick, Worcester, Worcestershire WR2 4DA3
£480K08/231.01 miTanglewood, Colletts Green, Powick, Worcester, Worcestershire WR2 4RQ3
£432K06/211.02 miMeadow Rise, Beauchamp Lane, Callow End, Worcester, Worcestershire WR2 4UQ3
£215K06/211.03 mi10, Westmount Close, Worcester, Worcestershire WR2 4EF3
£247K11/201.03 mi32, Canada Way, Lower Wick, Worcester, Worcestershire WR2 4ED3
£230K03/211.03 mi10, Nixon Court, Callow End, Worcester, Worcestershire WR2 4UU3
£285K02/231.03 mi14, Edmonton Close, Worcester, Worcestershire WR2 4DQ3
£340K07/231.04 mi14, Canada Way, Lower Wick, Worcester, Worcestershire WR2 4DJ3
£200K05/211.04 mi22, Canada Way, Lower Wick, Worcester, Worcestershire WR2 4DJ3
£396K01/231.07 miThe Hollies, Upton Road, Callow End, Worcester, Worcestershire WR2 4TA3
£245K07/231.08 mi8, Weyburn Close, Worcester, Worcestershire WR2 4EA3
£440K11/221.12 mi135, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4XX3
£260K12/221.12 mi26, Bowhill, Callow End, Worcester, Worcestershire WR2 4TN3
£240K08/231.13 mi8, Oakville Close, Lower Wick, Worcester, Worcestershire WR2 4XL3
£325K02/211.13 mi9, Kielder Rise, Worcester, Worcestershire WR2 4HN3
£228.5K05/211.15 mi93, Canada Way, Lower Wick, Worcester, Worcestershire WR2 4XD3
£133.5K10/231.15 mi103, Canada Way, Lower Wick, Worcester, Worcestershire WR2 4XD3
£335K08/231.17 mi146, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4XH3
£330K12/201.18 mi11, Charnwood Close, Worcester, Worcestershire WR2 4NZ3
£360K09/231.18 mi18, Highfield, Callow End, Worcester, Worcestershire WR2 4TP3
£315K03/211.19 mi16, Sherwood Lane, Worcester, Worcestershire WR2 4NY3
£266.5K06/211.19 mi12, Sherwood Lane, Worcester, Worcestershire WR2 4NY3
£250K02/211.19 mi8, Sherwood Lane, Worcester, Worcestershire WR2 4NY3
£335K01/241.19 mi32, Sherwood Lane, Worcester, Worcestershire WR2 4NY3
£225K09/211.19 mi6, Mallard Close, Worcester, Worcestershire WR2 4BB3
£218K04/211.19 mi23, Mallard Close, Worcester, Worcestershire WR2 4BB3
£222.5K06/211.22 mi10, Hudson Close, Worcester, Worcestershire WR2 4DP3
£350K06/211.22 mi14, Alton Park, Callow End, Worcester, Worcestershire WR2 4UJ3
£230K11/201.27 mi232, Bromwich Road, Worcester, Worcestershire WR2 4BE3
£198.5K03/211.27 mi224, Bromwich Road, Worcester, Worcestershire WR2 4BE3
£300K06/211.27 miJasmine Cottage, Bastonford, Powick, Worcester, Worcestershire WR2 4SL3
£285K08/211.28 mi16, Orchard Way, Callow End, Worcester, Worcestershire WR2 4UL3
£325K12/221.32 mi16, Perch Road, Broomhall, Worcester, Worcestershire WR5 3AD3
£230K01/211.33 mi189, Bromwich Road, Worcester, Worcestershire WR2 4AU3
£271K03/231.33 mi229, Bromwich Road, Worcester, Worcestershire WR2 4AU3

Local Rents

52 rents from £675/mo to £3.5K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,45002/250.73 mi-3
£1,45011/240.83 miThe Drive, Powick, Worcester, WR24
£1,54511/241.1 miFranklin Close, Worcester4
£1,15004/251.43 mi-2
£92511/241.52 miYarrow Close, WORCESTER2
£1,32511/241.53 miPrimrose Crescent, Worcester3
£3,50002/241.58 mi-7
£3,50002/241.58 mi-7
£1,00011/241.61 miSnowdrop Way, Rushwick2
£1,10002/241.62 mi-4
£97502/251.63 mi-2
£1,25006/241.65 mi-3
£95011/241.67 miCider Mill Close, Rushwick, Worcester, WR22
£80011/241.72 miLockwheel House, Diglis1
£1,10011/241.73 miLockwheel House, 4 Woodhouse Close, Worcester, WR52
£87503/251.73 mi-2
£1,20011/241.73 miWoodhouse Close, Worcester, Worcestershire, WR52
£99511/241.73 miBasin Road, WORCESTER2
£95011/241.73 mi-3
£1,25011/241.74 miMillwright House, Basin Road, Worcester, Worcestershire, WR5 3GR2
£89511/241.75 miCordwainers Court, Willis Place, Worcester2
£1,69904/251.77 mi-4
£1,15011/241.77 miWoodhouse Close, Riverbank Court, WR52
£97511/241.78 miWillis Place, WORCESTER2
£1,10008/241.78 mi-2
£1,19511/241.79 miSentinel Close, Worcester WR23
£95011/241.81 miOrchard Street, WORCESTER3
£97502/251.82 mi-2
£2,25011/241.82 miHawthorn Lane, Newland4
£1,80011/241.82 miMere Close, Rushwick, Worcester, WR24
£68011/241.82 miFlat 7, Cinderella Court, Watery Lane, Worcester2
£89511/241.84 miKingfisher Close, Worcester, Worcestershire, WR52
£92503/251.84 mi-2
£1,45011/241.85 miCrossley Road, Worcester, Worcestershire, WR54
£85011/241.85 miBath Road, Worcester, WR52
£89511/241.85 miCavalier Crescent, Worcester, Worcestershire, WR52
£99511/241.85 mi3 Orchard Mews, Orchard Street, Worcester, Worcestershire, WR52
£1,10004/251.85 mi-2
£67511/241.87 mi7 Malvern Road, Worcester, Worcestershire, WR21
£85002/241.88 mi-2
£85002/241.88 mi-2
£90001/251.88 mi-2
£1,15008/241.88 mi-1
£95011/241.88 mi-1
£1,30011/241.9 miCrossley Road, Worcester3
£99511/241.91 miRansome Avenue, Worcester, WR53
£79511/241.92 miSwanpool Walk, Worcester St. Johns, Worcester1
£1,20012/241.92 mi-1
£1,15011/241.94 miEllsdon Rise, Kempsey, WR53
£79511/241.96 mi**New Build **One Bedroom Flat, Bromyard Road, Worcester1
£99511/241.97 miBakers Mews, St Johns, Worcester St. Johns, Worcester3
£79511/241.98 miArmstrong Drive, Diglis, Worcester, WR11

Local Area Statistics

Population in WR2

29,799

Population in Worcester

142,140

Town centre distance

2.42 miles away

Nearest school

0.40 miles away

Nearest train station

2.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-23%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £275,000

November 20, 2024

Sold for £108,000

2003

Floor Plans

Description

  • Modern three-bedroom link semi-detached home +
  • Contemporary kitchen with premium appliances +
  • Spacious reception rooms for family living +
  • Private rear garden with storage shed +
  • Off-road parking for multiple vehicles +
  • Convenient Powick location near amenities +

A charming three-bedroom home with a private garden, spacious interiors and convenient amenities in the heart of picturesque Powick.

• Nicely presented three-bedroom link semi-detached property with modern upgrades and spacious living.

• A contemporary kitchen with premium appliances and ample storage space.

• Generous reception rooms perfect for entertaining and family living.

• Well-maintained private rear garden with lawn, hedges and a storage shed.

• Off-road parking for multiple vehicles on a gravelled driveway.

• Ideally located in Powick, close to local schools, shops and excellent transport links.

The kitchen
This stylish and functional kitchen/breakfast room is fitted with sleek white cabinets and marble-effect worktops, complemented by modern appliances and under-cabinet lighting. It offers excellent storage and preparation space, with natural light streaming through windows and a rear door leading to the garden. An adjacent area provides versatility, making it ideal for a utility space or a relaxed dining area. Just off the kitchen is a practical WC cloakroom, enhancing the convenience and functionality of this space.

The living room
The living room is bright and spacious, offering a relaxing environment with a central fireplace as a focal point. Large windows allow for ample natural light, while the well-planned layout ensures it is a practical space for family life or entertaining guests.

The dining room
The dining room features a large bay window, allowing natural light to fill the space. Built-in shelving and cabinets provide additional storage, while the layout is perfectly suited for hosting meals or enjoying family dinners. Its size and versatility make it a standout feature of the home.

The primary bedroom
This spacious double bedroom offers excellent proportions and a light, airy feel. It provides ample space for all essential bedroom furniture, making it a comfortable and private retreat.

Bedroom two and three
The spacious second double bedroom benefits from ample built-in wardrobe storage, offering practicality and maximising space. Dual windows provide an abundance of natural light, making it a bright and inviting room.

Bedroom three, currently used as a home office is a versatile space offering a built-in storage cupboard, adding extra functionality. Its compact yet practical layout makes it ideal for a guest room, nursery, or additional workspace, catering to a variety of needs.

The bathroom
The family bathroom is well-appointed with a full-sized bath featuring an overhead shower, a washbasin with useful storage below, and a WC. The room benefits from a frosted window allowing natural light while maintaining privacy. Its layout offers functionality and convenience for everyday use.

The garden
This well-maintained rear garden features a central lawn surrounded by mature hedging for privacy, complemented by a practical green storage shed and neatly paved pathways. This versatile outdoor space is ideal for relaxation or entertaining.

Powick is a sought-after village ideally located between Worcester and Malvern, offering the perfect mix of rural charm and modern convenience. The village benefits from excellent local amenities, including a primary school, a village pub and local shops. Commuters will appreciate the convenient road links via the A449 and A4103, connecting to Worcester, Malvern and beyond. The surrounding countryside provides picturesque walking trails and green spaces, making Powick an ideal location for families, professionals and outdoor enthusiasts alike.

Council tax band B

Reservation Fee - refundable on exchange

A reservation fee, refundable on exchange, is payable prior to the issue of the Memorandum of Sale and after which the property may be marked as Sold Subject to Contract. The fee will be reimbursed upon the successful Exchange of Contracts.

The fee will be retained by Andrew Grant in the event that you the buyer withdraws from the purchase or does not Exchange within 6 months of the fee being received other than for one or more of the following reasons:

1. Any significant material issues highlighted in a survey that were not evident or drawn to the attention of you the buyer prior to the Memorandum of Sale being issued.
2. Serious and material defect in the seller’s legal title.
3. Local search revealing a matter that has a material adverse effect on the market value of the property that was previously undeclared and not in the public domain.
4. The vendor withdrawing the property from sale.

The reservation fee will be 0.5% of the accepted offer price for offers below £800,000 and 1% for offers of £800,000 or over. This fee, unless specified otherwise, is payable upon acceptance by the vendor of an offer from a buyer and completion of an assessment of the buyer’s financial status and ability to proceed.

Should a buyer’s financial position regarding the funding of the property prove to be fundamentally different from that declared by the buyer when the Memorandum of Sale was completed, then the Vendor has the right to withdraw from the sale and/or the reservation fee retained. For example, where the buyer declares themselves as a cash buyer but are in fact relying on an unsecured sale of their property.

Once the reservation fee has been paid, any renegotiation of the price stated in the memorandum of sale for any reason other than those covered in points 1 to 3 above will lead to the reservation fee being retained. A further fee will be levied on any subsequent reduced offer that is accepted by the vendor. This further fee will be subject to the same conditions that prevail for all reservation fees outlined above.

Agent Details

Andrew Grant, Covering the West Midlands

01905 673182

Next Steps?

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