2 Bed Flat, Single Let, Worcester, WR4 0PA, £120,000

42 Vetch Field Avenue, Lyppard Bourne, Worcester, WR4 0PA - 4 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~64 m²
+3 photos

ValuationUndervalued

Sold Prices£74.8K - £180K
Sold Prices/m²£1.5K/m² - £3.4K/m²

 

 

Square Metres

~63.90 m²
Price/m²£1.9K/m²

Value Estimate

£135,849
BMV13%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£675 - £2,200

Rent Estimate

£697

Running Costs/mo

£534

Cashflow/mo

£163

Cashflow/yr

£1,951

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £74.8K to £180K, average is £133.5K. £1.5K/m² to £3.4K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£138.3K09/220.02 mi38, Vetch Field Avenue, Lyppard Bourne, Worcester, Worcestershire WR4 0PA2
£140K09/210.05 mi55, Toftdale Green, Lyppard Bourne, Worcester, Worcestershire WR4 0PE2
£138.8K06/210.09 mi7, Hock Coppice, Lyppard Bourne, Worcester, Worcestershire WR4 0PB2
£132K08/230.56 mi9, Ullswater Close, Worcester, Worcestershire WR4 9HN2
£127K07/220.56 mi20, Ullswater Close, Worcester, Worcestershire WR4 9HN2
£130K07/230.57 mi28, Ennerdale Close, Worcester, Worcestershire WR4 9DN2
£125K05/220.63 mi11, Windermere Drive, Worcester, Worcestershire WR4 9JJ2
£117.5K05/210.71 mi4, Hillside Close, Worcester, Worcestershire WR5 1HS2
£135K07/220.93 mi6, Michael Tippet Drive, Worcester, Worcestershire WR4 9EH2
£146K07/220.93 mi4, Michael Tippet Drive, Worcester, Worcestershire WR4 9EH2
£110K08/221.01 mi33, Crickley Drive, Worcester, Worcestershire WR4 9LD2
£145K03/231.01 miApartment 3, Berkeley Court, Berkeley Way, Warndon, Worcester, Worcestershire WR4 9FR2
£140K09/231.13 mi19, Kennet Green, Worcester, Worcestershire WR5 1JQ2
£150K06/231.13 mi9, Kennet Green, Worcester, Worcestershire WR5 1JQ2
£175K07/241.13 mi31, Kennet Green, Worcester, Worcestershire WR5 1JQ2
£122K08/231.18 mi27, Prestbury Close, Worcester, Worcestershire WR4 9XG2
£105K07/211.18 mi31, Prestbury Close, Worcester, Worcestershire WR4 9XG2
£130K08/221.2 mi57, Winchcombe Drive, Worcester, Worcestershire WR4 9XA2
£112K03/211.2 mi67, Winchcombe Drive, Worcester, Worcestershire WR4 9XA2
£130K10/221.22 mi38, Brockhampton Close, Worcester, Worcestershire WR4 9XJ2
£128.5K11/221.23 mi9, Brockhampton Close, Worcester, Worcestershire WR4 9XJ2
£96K10/211.23 mi5, Brockhampton Close, Worcester, Worcestershire WR4 9XJ2
£96K10/211.23 mi22, Brockhampton Close, Worcester, Worcestershire WR4 9XJ2
£120K09/221.23 mi24, Brockhampton Close, Worcester, Worcestershire WR4 9XJ2
£74.8K05/211.27 mi8, Sawmill Close, Worcester, Worcestershire WR5 1EU2
£80K03/211.29 mi44, Northleach Close, Worcester, Worcestershire WR4 9XR2
£137.5K11/231.39 mi48, Albert Road, Worcester, Worcestershire WR5 1EB2
£137K11/211.4 miFlat 10, Amber Reach, Spring Lane, Worcester, Worcestershire WR5 1AU2
£120K06/211.44 miFlat 22, Anchor House, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2
£88K05/231.44 miFlat 4, Quay House, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2
£80K10/231.44 miWharf House, Flat 17, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2
£131.5K12/201.44 mi22, Lansdowne Rise, Worcester, Worcestershire WR3 8LN2
£130K10/201.46 mi29, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£135K12/221.46 mi12, Vesta Tilley Court, Worcester, Worcestershire WR1 2BL2
£100K10/201.47 mi41, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£151K04/231.49 mi53, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£135K08/231.49 mi1, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£115K12/201.49 mi11, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£137K11/231.49 mi6, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£100K10/201.49 mi41, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£137K04/231.49 mi12, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£148K07/211.57 mi77, Lion Court, Worcester, Worcestershire WR1 1UT2
£167.5K03/231.57 mi65, Lion Court, Worcester, Worcestershire WR1 1UT2
£145.8K07/211.57 mi61, Lion Court, Worcester, Worcestershire WR1 1UT2
£148K02/211.57 mi79, Lion Court, Worcester, Worcestershire WR1 1UT2
£155K07/231.57 mi37, Sansome Place, Worcester, Worcestershire WR1 1UA2
£170K11/201.6 miApartment 6, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£164K06/211.6 miApartment 1, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£180K11/231.61 miApartment 6, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£179K03/241.64 miThe Loft, Battenhall Place, Worcester, Worcestershire WR5 2DT2

Local Rents

34 rents from £675/mo to £2.2K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£67511/240.05 miNine Acres Green, Lyppard Bourne, WORCESTER2
£69511/240.09 miHock Coppice, Warndon Villages, Worcester, WR42
£87511/240.28 miClarkson Gardens, Worcester, Worcestershire, WR42
£71011/240.36 mi-2
£71011/240.36 mi-2
£92511/240.43 miLittle Piece, Lyppard Woodgreen, WORCESTER2
£92511/240.45 miHoskyns Avenue, Worcester2
£90011/240.46 miTreacle Nook, Warndon Villages2
£87503/250.47 mi-2
£85006/230.81 mi-2
£89511/240.84 miBrecon Avenue, Warndon Villages, Worcester2
£92504/250.85 mi-2
£90011/240.86 miWalkworth Avenue, WORCESTER2
£90011/240.87 miSkenfrith Place Warndon Villages Worcester2
£1,05001/250.9 mi-2
£80001/250.91 mi-2
£92511/240.94 miHomestead Avenue, Worcester2
£95011/240.95 miHardknott Row, Warndon Villages, Worcester, WR42
£75011/240.97 mi-2
£75011/240.97 mi-2
£1,25007/231.02 mi-2
£1,30003/251.02 mi-2
£80011/241.06 miBlackpole, Worcester2
£97501/251.15 mi-2
£95011/241.15 miAlbany Road, Worcester2
£87511/241.17 miWinchcombe Drive, Worcester2
£2,20003/251.17 mi-2
£89511/241.21 mi-2
£89511/241.21 mi-2
£94504/251.21 mi-2
£95006/231.21 mi-2
£1,05003/251.21 mi-2
£95003/241.22 mi-2
£95011/241.23 mi-2

Local Area Statistics

Population in WR4

26,127

Population in Worcester

142,140

Town centre distance

1.58 miles away

Nearest school

0.30 miles away

Nearest train station

1.20 miles away

 

 

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £120,000

November 27, 2024

Floor Plans

Description

  • Professional or Family Let +
  • Two Bedroom Mid Terrace Apartment +
  • Open-Plan Living/Dining Room +
  • Off-Road Parking +
  • Modern Kitchen +
  • Spacious Masters Bedroom +
  • Bathroom +
  • First Floor Apartment +

FOR SALE: Modern 2-Bedroom Flat at 42 Vetch Field Avenue, Lyppard Bourne, Worcester, WR4 0PA

A fantastic opportunity to purchase a stylish 2-bedroom flat in the sought-after Lyppard Bourne area. Ideal for first-time buyers or investors, this property offers modern living in a prime location.

Key Features:

Two Spacious Bedrooms Open-Plan Living/Dining Area Modern Fitted Kitchen Contemporary Bathroom Allocated Off-Road Parking Secure Entry System

  • Investment Potential:

This property offers an excellent opportunity for first-time buyers and investors alike:

High Rental Demand: The area is popular with professionals and young families, offering strong rental potential and attractive yields for buy-to-let investors. Capital Growth: Property values in Lyppard Bourne have consistently risen, and with Worcester’s continued development, this flat represents a solid long-term investment. Desirable Location: Situated in a peaceful yet well-connected area, making it easy to attract future tenants or buyers, further enhancing the potential return on investment.

These flat combines modern living with investment potential, making it an appealing choice for both homeowners and investors.

Agent Details

Platinum Property Agents, Worcestershire

01905 975315

Next Steps?

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