4 Bed Detached House, Refurb/BRRR, Worcester, WR4 9NG, £400,000

Tolladine Road, Worcester, WR4 9NG - 4 months ago

Sold STC
Refurb/BRRR
~165 m²
+17 photos

ValuationFair Value

Sold Prices£155K - £800K
Sold Prices/m²£1.3K/m² - £4.5K/m²

 

 

Square Metres

~165.10 m²
Price/m²£2.4K/m²

Value Estimate

£404,000

 

 

End Value (After Refurb)

£407,937

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£31,200

Refurb Costs

£64,887

Bridging Loan Interest

£10,500

Total Cash In

£208,337

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£407,937

Mortgage (After Refinance)

£305,952

Mortgage LTV

75%

Cash Released

£5,952

Cash Left In

£202,384

Equity

£101,984

Rent Range

£800 - £1,700

Rent Estimate

£1,368

Running Costs/mo

£1,568

Cashflow/mo

£-200

Cashflow/yr

£-2,405

Gross Yield

4%

Local Sold Prices

50 sold prices from £155K to £800K, average is £335K. £1.3K/m² to £4.5K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£300K09/230.09 mi23, Elbury Park Road, Worcester, Worcestershire WR4 9BG4
£277.6K06/210.1 mi12, Coniston Close, Worcester, Worcestershire WR4 9BU4
£297K03/230.1 mi9, Wharfedale Drive, Worcester, Worcestershire WR4 0BA4
£360K02/230.15 mi12, Bramhope Close, Worcester, Worcestershire WR4 0BG4
£261.4K09/210.16 mi9, Bramhope Close, Worcester, Worcestershire WR4 0BG4
£405K03/230.17 mi10, White Hill, Home Meadow, Worcester, Worcestershire WR4 0JG4
£390K12/200.22 mi1, Daty Croft, Home Meadow, Worcester, Worcestershire WR4 0JB4
£160K02/230.24 mi261, Tolladine Road, Worcester, Worcestershire WR4 9AZ4
£350K04/210.25 mi4, Stony Close, Long Meadow, Worcester, Worcestershire WR4 0JY4
£385K08/230.27 mi2, Cover Green, Home Meadow, Worcester, Worcestershire WR4 0JF4
£310K01/210.3 mi4, Rough Meadow, Long Meadow, Worcester, Worcestershire WR4 0JN4
£800K10/220.36 mi1a, Trotshill Lane West, Worcester, Worcestershire WR4 0HH4
£330K10/200.39 mi64, Marsh Avenue, Long Meadow, Worcester, Worcestershire WR4 0HJ4
£410K10/230.39 mi1, Marsh Avenue, Long Meadow, Worcester, Worcestershire WR4 0HJ4
£312K09/230.39 mi66, Marsh Avenue, Long Meadow, Worcester, Worcestershire WR4 0HJ4
£340K02/230.39 mi96, Popert Drive, Worcester, Worcestershire WR5 1SY4
£410K08/230.43 mi2, Wood Leason Avenue, Lyppard Hanford, Worcester, Worcestershire WR4 0EU4
£425K10/220.44 mi22, Toftdale Green, Lyppard Bourne, Worcester, Worcestershire WR4 0PE4
£420K11/220.44 mi16, Toftdale Green, Lyppard Bourne, Worcester, Worcestershire WR4 0PE4
£310K08/210.45 mi2, Popert Drive, Worcester, Worcestershire WR5 1SY4
£440K10/230.45 mi20, Chalmers Close, Worcester, Worcestershire WR5 1SX4
£335K12/220.46 mi14, Chesterton Gardens, Worcester, Worcestershire WR5 1SR4
£260K05/210.47 mi4, Darwin Avenue, Worcester, Worcestershire WR5 1SP4
£361K08/230.49 mi6, Huxtable Rise, Worcester, Worcestershire WR4 0NX4
£365K04/210.49 mi23, Aconbury Close, Worcester, Worcestershire WR5 1JD4
£255K03/210.49 mi24, Harter Row, Worcester, Worcestershire WR4 9GH4
£260K02/230.5 mi525, Tolladine Road, Worcester, Worcestershire WR4 9NN4
£308K04/210.55 mi8, Barley Crescent, Long Meadow, Worcester, Worcestershire WR4 0HW4
£375K06/210.55 mi1, Copsewood Avenue, Worcester, Worcestershire WR5 1SH4
£260K12/220.56 mi112, Windermere Drive, Worcester, Worcestershire WR4 9JD4
£400K01/210.58 mi15, Knotts Avenue, Worcester, Worcestershire WR4 0HZ4
£370K03/210.58 mi10, Knotts Avenue, Worcester, Worcestershire WR4 0HZ4
£380K12/220.59 mi11, Topham Avenue, Worcester, Worcestershire WR4 0PG4
£338K12/200.59 mi11, Overthwart Crescent, Worcester, Worcestershire WR4 0JW4
£319K06/210.59 mi10, Topham Avenue, Worcester, Worcestershire WR4 0PG4
£332.5K02/210.6 mi12, The Heights, Worcester, Worcestershire WR5 1JN4
£370K11/220.61 mi16, Hornsby Avenue, Worcester, Worcestershire WR4 0PN4
£335K12/200.61 mi11, Hornsby Avenue, Worcester, Worcestershire WR4 0PN4
£390K10/230.61 mi25, Hornsby Avenue, Worcester, Worcestershire WR4 0PN4
£240K11/220.62 mi1, Ronkswood Hill, Worcester, Worcestershire WR4 9ER4
£310K06/210.62 mi30, Broadfield Gardens, Great Meadow, Worcester, Worcestershire WR4 0DP4
£260K04/230.63 mi8, Howcroft Green, Great Meadow, Worcester, Worcestershire WR4 0DS4
£285K11/230.64 mi81, Tunnel Hill, Worcester, Worcestershire WR4 9SD4
£330K05/210.68 mi10, Cartwright Avenue, Worcester, Worcestershire WR4 0NZ4
£305.5K12/200.68 mi20, Cartwright Avenue, Worcester, Worcestershire WR4 0NZ4
£410K02/210.7 mi1, Haisley Row, Worcester, Worcestershire WR4 0NP4
£345K04/210.7 mi1, Birchanger Green, Worcester, Worcestershire WR4 0DW4
£395.5K01/230.71 mi15, Collings Avenue, Worcester, Worcestershire WR4 0DL4
£155K04/210.71 mi35c, Chedworth Drive, Worcester, Worcestershire WR4 9PB4
£317.5K05/210.72 mi36, Bearcroft Avenue, Great Meadow, Worcester, Worcestershire WR4 0DR4

Local Rents

12 rents from £800/mo to £1.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£80004/250.25 mi-3
£1,20002/250.32 mi-3
£1,55001/250.32 mi-4
£1,49903/250.32 mi-4
£1,70011/240.41 miRounds Road, WORCESTER4
£1,19511/240.47 miDebdale Avenue, Warndon Villages, Worcester3
£1,60003/250.55 mi-4
£1,35011/240.56 mi-3
£1,40011/240.58 mi-3
£1,25011/240.61 mi-3
£1,25006/240.61 mi-3
£1,05010/240.61 mi-3

Local Area Statistics

Population in WR4

26,127

Population in Worcester

142,140

Town centre distance

1.40 miles away

Nearest school

0.50 miles away

Nearest train station

0.95 miles away

 

 

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Price changed to £400,000

January 8, 2025

Listed for £410,000

December 17, 2024

Floor Plans

Description

  • Wonderful 4 Bedroom Detached Family Home +
  • Extended And Renovated Throughout +
  • Sough After Location +
  • New Family Bathroom, En-Suite, And Downstairs WC +
  • New Central Heating System +
  • Extensive Rear Garden With Outbuildings +
  • Excellent Transport Links +
  • Garage And Generous Off-Road Parking +
  • Book A Viewing 24/7 Via Purplebricks App/Website +

The Property
EXCELLENT 4 BEDROOM DETACHED FAMILY HOME — RENOVATED THROUGHOUT — SOUGHT AFTER LOCATION — GENEROUS PLOT — NEW CENTRAL HEATING SYSTEM — NEW KITCHEN — NEW FAMILY BATHROOM, EN-SUITE, AND DOWNSTAIRS WC — GARAGE AND GENEROUS OFF-ROAD PARKING — AN ABSOLUTE MUST SEE!!

*Viewing is highly recommended - Book a viewing 24/7 via the Purplebricks app/website*

A fantastic opportunity to own this much improved and extended 4 bedroom detached family home, situated on a generous plot in a highly popular residential area of Worcester enjoying Cathedral and Malvern views.
Completely renovated throughout, the property further benefits from a brand new central heating system, newly installed modern kitchen and bathrooms, freshly laid carpets, highly private rear garden, and a substantial driveway offering plenty of off-road parking for multiple vehicles - Do not miss out on this one!

Conveniently located with excellent transport links to J6 M5, within desirable school catchment, only a short walk away from the vibrant city centre, and with immediate access to Ronkswood Nature Reserve and Leopard Hill Park - This wonderful family home proves to be an ideal investment for growing families, professional couples, and investors alike, offering the perfect blend of convenience and privacy.

General Information
Property comprising:
Ground Floor - Welcoming porch and hallway - Newly installed modern kitchen, boasting a host of integrated appliances - Separate utility room - Convenient downstairs WC - Open plan family dining area, with French doors to the rear garden - Spacious lounge, with dual aspect windows - And integral garage, offering additional scope for further renovation
First Floor: Stylish family bathroom, with separate walk-in shower - Impressively sized principal bedroom, with new en-suite sower room - 2 additional double bedrooms, both with built-in storage - And 4th bedroom, offering flexible use as a single/home-office/nursery.

Outside:
To the rear, a highly private and secure landscaped garden benefitting from mature shrubbery, designed with hosting in mind - a versatile and extensive space with outbuildings and a greenhouse.
To the front, an attractive approach over a substantial driveway, offering sough after off-road parking for multiple vehicles.

*Book a viewing 24/7 via the Purplebricks app/website*

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Worcester

024 7542 0968

Next Steps?

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