3 Bed Semi-Detached House, Refurb/BRRR, Worcester, WR2 4HU, £325,000

45 Great House Road, Worcestershire, WR2 4HU - 3 views - 4 months ago

Sold STC
Refurb/BRRR
Planning
~93 m²
+19 photos

ValuationOvervalued

Sold Prices£152K - £435K
Sold Prices/m²£1.5K/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£248,000

 

 

End Value (After Refurb)

£332,500

Uplift in Value

+-5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£36,762

Bridging Loan Interest

£8,531

Total Cash In

£144,994

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£332,500

Mortgage (After Refinance)

£249,375

Mortgage LTV

75%

Cash Released

£5,625

Cash Left In

£139,369

Equity

£83,125

Rent Range

£950 - £1,500

Rent Estimate

£1,131

Running Costs/mo

£1,285

Cashflow/mo

£-154

Cashflow/yr

£-1,851

Gross Yield

4%

Local Sold Prices

50 sold prices from £152K to £435K, average is £256.5K. £1.5K/m² to £4.8K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£276K05/210 mi60, Greathouse Road, Worcester, Worcestershire WR2 4HU3
£210K03/210 mi13, Greathouse Road, Worcester, Worcestershire WR2 4HU3
£197K07/210.04 mi4, Abbey Close, St Johns, Worcester, Worcestershire WR2 4HR3
£340K11/200.07 miThe Cottage, 19, Bedwardine Road, Worcester, Worcestershire WR2 4HZ3
£212K10/210.07 mi24, Middle Road, Worcester, Worcestershire WR2 4HT3
£152K01/210.07 mi29, Bransford Road, Worcester, Worcestershire WR2 4EW3
£258K01/230.1 mi8, Graham Road, Worcester, Worcestershire WR2 5AW3
£250K03/230.12 mi13, Graham Road, Worcester, Worcestershire WR2 5AW3
£170K12/200.12 mi11, Blakefield Road, Worcester, Worcestershire WR2 5DR3
£265K10/220.12 mi23, Graham Road, Worcester, Worcestershire WR2 5AW3
£315K09/230.12 mi8, Winchester Avenue, Worcester, Worcestershire WR2 4JE3
£268K05/210.12 mi2, Winchester Avenue, Worcester, Worcestershire WR2 4JE3
£255K11/200.12 mi32, Winchester Avenue, Worcester, Worcestershire WR2 4JE3
£275K12/200.13 mi17, Boughton Street, Worcester, Worcestershire WR2 4HE3
£220K01/240.13 mi67, Blakefield Road, Worcester, Worcestershire WR2 5DP3
£285K01/230.14 mi31, Winchester Avenue, Worcester, Worcestershire WR2 4JF3
£355K02/230.14 mi4, Blakefield Gardens, Worcester, Worcestershire WR2 5DS3
£290K06/210.15 mi27, Winchester Avenue, Worcester, Worcestershire WR2 4JF3
£228.5K05/210.15 mi29, Winchester Avenue, Worcester, Worcestershire WR2 4JF3
£340K09/230.15 mi9, Winchester Avenue, Worcester, Worcestershire WR2 4JF3
£169K11/200.15 mi3, Blakefield Walk, Worcester, Worcestershire WR2 5DW3
£370K01/210.17 mi21a, Bromyard Road, Worcester, Worcestershire WR2 5BZ3
£330K08/230.17 mi71, Bromyard Road, Worcester, Worcestershire WR2 5BZ3
£197K02/210.17 mi70, Winchester Avenue, Worcester, Worcestershire WR2 4JQ3
£227.5K12/230.17 mi5, Sinton Terrace, Worcester, Worcestershire WR2 5JZ3
£220K03/210.17 mi15, Sinton Terrace, Worcester, Worcestershire WR2 5JZ3
£275K12/220.17 mi61, Winchester Avenue, Worcester, Worcestershire WR2 4JG3
£255K02/210.17 mi115, Bransford Road, Worcester, Worcestershire WR2 4ET3
£265K06/210.18 mi57, Winchester Avenue, Worcester, Worcestershire WR2 4JG3
£415K09/210.2 mi3, Homefield Road, Worcester, Worcestershire WR2 4AQ3
£325K02/210.2 mi2, Homefield Road, Worcester, Worcestershire WR2 4AQ3
£190K01/210.2 mi118, Foley Road, Worcester, Worcestershire WR2 4NE3
£425K09/210.2 mi58, Foley Road, Worcester, Worcestershire WR2 4NE3
£435K08/230.2 mi94, Foley Road, Worcester, Worcestershire WR2 4NE3
£250K08/230.2 mi112, Foley Road, Worcester, Worcestershire WR2 4NE3
£325K08/230.21 mi9, Bromyard Road, Worcester, Worcestershire WR2 5BS3
£245K06/230.21 mi11, Bromyard Road, Worcester, Worcestershire WR2 5BS3
£220K01/210.24 mi3, Kingsbury Road, Worcester, Worcestershire WR2 4JH3
£185K10/210.24 mi22, Kingsbury Road, Worcester, Worcestershire WR2 4JH3
£290K11/200.24 mi10, Withers Road, Worcester, Worcestershire WR2 4AG3
£395K03/210.26 mi19, Swinton Close, Worcester, Worcestershire WR2 4HA3
£375K10/200.26 mi9, Nursery Road, Worcester, Worcestershire WR2 4HB3
£215.5K09/230.27 mi11, Happy Land West, Worcester, Worcestershire WR2 5DQ3
£189K02/210.27 mi192, Bransford Road, Worcester, Worcestershire WR2 4EX3
£167K02/210.27 mi69, Nelson Road, Worcester, Worcestershire WR2 5BL3
£280K10/210.28 mi1, South Croft, Worcester, Worcestershire WR2 4JU3
£275K07/230.28 mi22, Claverham Close, Worcester, Worcestershire WR2 4NB3
£245K11/210.28 mi4, Claverham Close, Worcester, Worcestershire WR2 4NB3
£210K04/210.28 mi13, Claverham Close, Worcester, Worcestershire WR2 4NB3
£255K04/210.28 mi6, Claverham Close, Worcester, Worcestershire WR2 4NB3

Local Rents

18 rents from £950/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£95011/240.09 mi-3
£99511/240.17 miBakers Mews, St Johns, Worcester St. Johns, Worcester3
£97511/240.25 miBromyard Terrace, Worcester St. Johns, Worcester3
£95011/240.38 miHenwick Road, St Johns, Worcester3
£99511/240.53 mi-3
£1,19511/240.58 miSentinel Close, Worcester WR23
£1,35011/240.63 miWoodstock Road, Worcester, Worcestershire3
£1,30011/240.75 miCrossley Road, Worcester3
£1,00011/240.96 mi-3
£1,50004/250.96 mi-3
£1,30011/241.05 miThe Tything, Worcester3
£1,10011/241.06 miHawkwood Crescent, St Johns, Worcester, WR23
£95011/241.12 miOrchard Street, WORCESTER3
£1,25003/251.13 mi-3
£1,30004/251.15 mi-3
£1,35011/241.16 miHebb Street, Worcester, Worcestershire, WR13
£1,25006/241.16 mi-3
£1,30011/241.17 miGregorys Mill Street, Worcester, Worcestershire, WR33

Local Area Statistics

Population in WR2

29,799

Population in Worcester

142,140

Town centre distance

1 miles away

Nearest school

0.20 miles away

Nearest train station

0.95 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-23%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £325,000

January 11, 2025

Listed for £350,000

November 29, 2024

Sold for £228,750

2021

Floor Plans

Description

  • A WELL PRESENTED THREE BEDROOMED SEMI DETACHED HOME +
  • RECENTLY RENOVATED THROUGHOUT +
  • SITUATED ON A CORNER PLOT +
  • MODERN DINING KITCHEN WITH ISLAND FEATURING QUARTZ WORKTOPS, AND DOORS LEADING TO GARDEN +
  • SITTING ROOM, DINING ROOM, THIRD RECEPTION/BEDROOM, CONSERVATORY, WC +
  • THREE BEDROOMS AND FAMILY BATHROOM +
  • OFF ROAD PARKING AND ENCLOSED REAR GARDEN WITH SHED +
  • GAS CENTRAL HEATING AND DOUBLE GLAZING THROUGHOUT +
  • EPC - D +
  • NO ONWARD CHAIN +

The Property An immaculately presented, extended semi-detached family home in the ever popular location of St Johns, with fantastic downstairs living accommodation which features a large recently fitted dining kitchen, two reception rooms plus a downstairs office space and conservatory, three bedrooms on the first floor and a family bathroom. The property has been recently refurbished to an excellent standard throughout and viewing is highly recommended to fully appreciate the size of the downstairs living space and the quality of the renovation, which also includes the installation of a new boiler. The property comprises in brief; entrance hall, newly fitted dining kitchen, with quartz worktops, and french doors leading to the rear garden, sitting room with bay window, dining room with log burner, additional reception room which would be an ideal office space, conservatory with utility area, and WC. To the first floor; three bedrooms and family bathroom. Outside Situated at the end of a cul de sac, on a spacious corner plot; to the front of the property there is a driveway with off road parking and to the rear and side a good sized garden with, lawned area and shed. The Location The property is perfectly located for families, with Pitmaston Primary School and Christopher Whitehead School both within easy walking distance. St Johns also offers a range of amenities including St Johns Sports Centre, Sainsbury's and Aldi Supermarkets, a number of independent shops, restaurants and businesses and Pitmaston Park. Worcester Foregate Street Station is just over a mile away, and the property also has good access to the road and M5 motorway network. Worcester City Centre offers a wide range of entertainment facilities, bars, restaurants and nightlife as well as a number of independent businesses. Room Measurements can be found on the floorplan. Tenure - FREEHOLD Council Tax band - C EPC - D DISCLAIMER- APPLIANCES SUCH AS RADIATORS, HEATERS, BOILERS, FIXTURES OR UTILITIES (GAS, WATER, ELECTRICITY) WHICH MAY HAVE BEEN MENTIONED IN THESE DETAILS HAVE NOT BEEN TESTED AND NO GUARANTEE CAN BE GIVEN THAT THEY ARE SUITABLE OR IN WORKING ORDER. WE CANNOT GUARANTEE THAT BUILDING REGULATIONS OR PLANNING PERMISSION HAS BEEN APPROVED AND WOULD RECOMMEND THAT PROSPECTIVE PURCHASERS SHOULD MAKE THEIR OWN INDEPENDENT ENQUIRIES ON THESE MATTERS. ALL MEASUREMENTS ARE APPROXIMATE.

Agent Details

Emdot Property Consultants Ltd, Worcester

01905 672219

Next Steps?

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