3 Bed Terraced House, Refurb/BRRR, Kidderminster, DY10 2QQ, £180,000

401 Hurcott Road, Kidderminster, DY10 2QQ - 4 views - 5 months ago

Refurb/BRRR
ROI: 3%
87 m²
+7 photos

ValuationOvervalued

Sold Prices£112K - £340K
Sold Prices/m²£1.3K/m² - £4.5K/m²

 

 

Square Metres

87 m²
Price/m²£2.1K/m²

Value Estimate

£161,134

 

 

End Value (After Refurb)

£182,286

Uplift in Value

+-1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,750

Refurb Costs

£34,472

Bridging Loan Interest

£4,725

Total Cash In

£92,697

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£182,286

Mortgage (After Refinance)

£136,714

Mortgage LTV

75%

Cash Released

£1,714

Cash Left In

£90,982

Equity

£45,571

Rent Range

£850 - £1,650

Rent Estimate

£1,015

Running Costs/mo

£793

Cashflow/mo

£222

Cashflow/yr

£2,668

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £112K to £340K, average is £171.8K. £1.3K/m² to £4.5K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£185K06/210.05 mi384, Hurcott Road, Kidderminster, Worcestershire DY10 2QH3
£170K05/210.05 mi386, Hurcott Road, Kidderminster, Worcestershire DY10 2QH3
£120K08/230.05 mi398, Hurcott Road, Kidderminster, Worcestershire DY10 2QQ3
£112K02/210.09 mi22, Baxter Avenue, Kidderminster, Worcestershire DY10 2EU3
£157K08/230.09 mi10, Baxter Avenue, Kidderminster, Worcestershire DY10 2EU3
£155K05/210.09 mi127, Baxter Avenue, Kidderminster, Worcestershire DY10 2EX3
£215K05/230.11 mi88, Baxter Avenue, Kidderminster, Worcestershire DY10 2HB3
£235K06/210.11 mi92, Baxter Avenue, Kidderminster, Worcestershire DY10 2HB3
£172.5K07/230.11 mi109, Baxter Avenue, Kidderminster, Worcestershire DY10 2HB3
£175K09/230.12 mi5, Sycamore Close, Kidderminster, Worcestershire DY10 2EY3
£200K12/220.13 mi21, Gilbert Scott Way, Kidderminster, Worcestershire DY10 2EZ3
£148K03/230.14 mi28, Eddy Road, Kidderminster, Worcestershire DY10 2NL3
£133.3K11/220.14 mi11, Radford Avenue, Kidderminster, Worcestershire DY10 2ES3
£136.5K08/210.16 mi354, Hurcott Road, Kidderminster, Worcestershire DY10 2QN3
£163K06/230.18 mi10a, Windsor Drive, Kidderminster, Worcestershire DY10 2NB3
£121K03/210.18 mi392, Stourbridge Road, Kidderminster, Worcestershire DY10 2PP3
£132K11/200.18 mi390, Stourbridge Road, Kidderminster, Worcestershire DY10 2PP3
£150K10/230.18 mi397, Stourbridge Road, Kidderminster, Worcestershire DY10 2PP3
£171K08/230.18 mi394, Stourbridge Road, Kidderminster, Worcestershire DY10 2PP3
£138K02/210.19 mi7, Gheluvelt Avenue, Kidderminster, Worcestershire DY10 2QP3
£189.9K04/230.2 mi42, Stoney Lane, Kidderminster, Worcestershire DY10 2LU3
£195K02/230.22 mi18, Greenhill Avenue, Kidderminster, Worcestershire DY10 2QU3
£168K09/210.23 mi79, Shrubbery Street, Kidderminster, Worcestershire DY10 2QY3
£164.5K02/210.23 mi73, Shrubbery Street, Kidderminster, Worcestershire DY10 2QY3
£210K02/210.23 mi56, Shrubbery Street, Kidderminster, Worcestershire DY10 2QY3
£135K01/210.28 mi87, Hurcott Road, Kidderminster, Worcestershire DY10 2QT3
£275K01/230.32 mi7, Brookdale, Kidderminster, Worcestershire DY10 2PY3
£145K04/230.32 mi17, Findon Street, Kidderminster, Worcestershire DY10 1PU3
£182.5K01/210.33 mi24a, Leswell Street, Kidderminster, Worcestershire DY10 1RP3
£213K07/230.33 mi5, The Quarry, Kidderminster, Worcestershire DY10 2QD3
£225K12/220.33 mi369, Stourbridge Road, Kidderminster, Worcestershire DY10 2QE3
£226K11/220.34 mi20, Butler Best Way, Kidderminster, Worcestershire DY10 2GA3
£240K12/220.34 mi7, Admiral Walk, Kidderminster, Worcestershire DY10 2HU3
£250K06/230.35 mi5, Fen Close, Kidderminster, Worcestershire DY10 2HR3
£210K08/210.35 mi3, Fen Close, Kidderminster, Worcestershire DY10 2HR3
£200K04/210.37 mi24, Butler Best Way, Kidderminster, Worcestershire DY10 2GA3
£144K04/210.37 mi187, Offmore Road, Kidderminster, Worcestershire DY10 1SB3
£152K02/210.37 mi171, Offmore Road, Kidderminster, Worcestershire DY10 1SB3
£144K04/210.37 mi187, Offmore Road, Kidderminster, Worcestershire DY10 1SB3
£170K08/230.37 mi181, Offmore Road, Kidderminster, Worcestershire DY10 1SB3
£164K09/210.38 mi12, Clarence Street, Kidderminster, Worcestershire DY10 1RS3
£215K12/200.38 mi27, Clarence Street, Kidderminster, Worcestershire DY10 1RS3
£152K12/200.38 mi16, Clarence Street, Kidderminster, Worcestershire DY10 1RS3
£340K07/210.38 mi286, Chester Road North, Kidderminster, Worcestershire DY10 2RR3
£255.5K11/220.41 mi345, Chester Road North, Kidderminster, Worcestershire DY10 2RU3
£217K10/210.41 mi350, Chester Road North, Kidderminster, Worcestershire DY10 2RU3
£285K12/220.42 mi380, Chester Road North, Kidderminster, Worcestershire DY10 2RS3
£170K12/220.42 mi55, East Street, Kidderminster, Worcestershire DY10 1SE3
£181K08/230.43 mi54, Albert Road, Kidderminster, Worcestershire DY10 1SP3
£178K01/230.43 mi73, George Street, Kidderminster, Worcestershire DY10 1PY3

Local Rents

27 rents from £850/mo to £1.6K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,10003/240.12 miSycamore Close, KIDDERMINSTER3
£90003/240.13 miRadford Avenue, KIDDERMINSTER3
£90012/240.13 miRadford Avenue, KIDDERMINSTER3
£85012/240.23 mi-3
£85012/240.23 mi-3
£85004/240.31 miWaterside Grange, KIDDERMINSTER3
£95012/240.33 miLeswell Street, KIDDERMINSTER3
£95003/240.33 miLeswell Street, Kidderminster3
£1,10003/240.34 miWestcott Road, Kidderminster, DY103
£1,10012/240.34 miWestcott Road, Kidderminster, DY103
£1,15006/240.34 mi-3
£1,15006/240.34 mi-3
£1,15006/240.34 mi-3
£90012/240.34 mi-3
£1,39512/240.36 mi-3
£1,39512/240.36 mi-3
£1,65003/240.4 miBirmingham Road, KIDDERMINSTER3
£99512/240.41 miChester Road North, KIDDERMINSTER3
£90004/240.42 miEast Street, KIDDERMINSTER3
£85012/240.43 miAlbert Road, Kidderminster, DY103
£90012/240.52 miHurcott Road, KIDDERMINSTER3
£95003/240.54 miUpton Road, Kidderminster3
£95012/240.54 miUpton Road, Kidderminster3
£1,20009/240.55 mi-3
£87512/240.58 miLorne Street, Kidderminster3
£90012/240.59 miLenchville, KIDDERMINSTER3
£90003/240.59 miLenchville, Kidderminster3

Local Area Statistics

Population in DY10

35,493

Population in Kidderminster

74,037

Town centre distance

0.51 miles away

Nearest school

0.10 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Price changed to £180,000

February 28, 2025

Listed for £185,000

December 12, 2024

Sold for £105,000

2020

Sold for £65,000

2004

Floor Plans

Description

  • No Onward Chain +
  • An Attractive Victorian Terrace Home +
  • Fully Modernised & Refurbished Throughout +
  • Three Double Bedrooms Set Over 3 Floors +
  • Two Well Proportioned Reception Rooms +
  • Useful (Part Converted) Cellar +
  • Modern Fitted Kitchen +
  • Contemporary Ground Floor Shower/Wet Room +
  • Private & Enclosed Gardens +
  • In All About 1047 sq.ft +

An opportunity to purchase a beautifully presented, fully modernised Victorian terrace home in this convenient location.

Being offered with no onward chain, a viewing is highly recommended to fully appreciate this refurbished home.

Directions - From the agents offices proceed in a southerly direction on the Franche Road and join the Proud Cross Ringway and at the round a bout take the exit onto the SA456 St Marys Ringway. At the next round a bout take the first exit onto Blackwell Street and continue over the traffic lights onto the Stourbridge Road and turn right onto Hurcott Road where the property will be found on the left hand side as indicated by the agents For Sale board.

Location - The property is conveniently located for a range of local amenities including Kidderminster Railway Station as well as being on a bus route and having access to local Primary and Secondary schools. There is an efficient local bus service and convenient road and rail links to the surrounding Towns, Villages and Cities to include Birmingham which is approximately 20 miles and the cathedral city of Worcester approximately 15 Miles distant which provides direct rail connections to London, Paddington and Birmingham.

There is M5 motorway access via junction 5 at Wychbold and Junctions 6 & 7 to the north and south of Worcester. Good commuting routes include the A449 Wolverhampton Road and the A456 Birmingham Road with local schools including St Georges C of E Primary, Little Trinity, Holy Trinity and St Marys C of E Primary school near-by.

Approach - The property is approached off Hurcott Road over a low maintenance paved fore garden to a UPVC entrance door into the living room.

Description - 401 Hurcott Road presents an excellent opportunity for investors, first-time buyers, or a young family looking to secure a spacious home in a highly convenient location.

This charming property offers a well-proportioned layout with versatile living spaces and modern amenities, making it an ideal choice for a variety of buyers. The living room features newly fitted carpets, feature chimney breast and double-glazed window to the front. An inner hallway leads from the living room, where stairs rise to the first-floor accommodation.

To the rear of the property, the dining room provides additional living space with attractive wooden flooring, feature chimney breast, Ideal boiler and a double-glazed window that overlooks the private rear garden. A door leads down to the useful cellar which is partly converted and has power and lighting.

The kitchen is equipped with a modern range of wall and base units, including an inset sink and drainer, an integrated electric oven and hob with an extractor fan above, and spaces for a washing machine and fridge-freezer. The walls are partially tiled, and has tiled flooring, along with a double-glazed pedestrian door and window to the side.

Additionally, the ground floor features a contemporary shower room/wet room, complete with fully tiled walls and flooring. This modern space includes a low-level close-coupled WC, a wash hand basin, and a walk-in shower cubicle with a floor-to-ceiling glass panel.

The first floor comprises two generously sized double bedrooms, a further staircase leads up to the spacious master bedroom on the second floor, which benefits from eaves storage and a double-glazed window to the rear.

Outside - Externally, the property has a private and enclosed rear garden, although in need of some attention it has great potential. The garden is divided into two sections having an initial patio area and steps leading up to a second patio area.

Overall, 401 Hurcott Road is a delightful property offering great value in a desirable location, with versatile living spaces, a modern kitchen and shower room, and a private garden, making it an ideal choice for a variety of buyers.

Services - Mains water, electricity, drainage and gas are understood to be connected. None of these services have been tested.

Fixtures & Fittings - Only those items described in these sale particulars are included in the sale.

Tenure - Freehold with Vacant Possession upon Completion.

Viewing - A viewing is highly recommended to appreciate the full potential. Strictly by appointment only via our agency.

What 3 Words - ///shirt.wooden.arrive

Sales Particulars - Produced December 2024

Agent Details

Halls Estate Agents, Kidderminster

01562 543899

Next Steps?

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