2 Bed Flat, Single Let, Worcester, WR4 9DN, £120,000

28 Ennerdale Close, Worcester WR4 9DN - 3 months ago

Sold STC
Leasehold
BTL
ROI: 7%
65 m²
+10 photos

ValuationUndervalued

Sold Prices£80K - £146K
Sold Prices/m²£1.7K/m² - £2.7K/m²

 

 

Square Metres

65 m²
Price/m²£1.8K/m²

Value Estimate

£135,417
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

£750

Running Costs/mo

£545

Cashflow/mo

£205

Cashflow/yr

£2,460

ROI

7%

Gross Yield

8%

Local Sold Prices

22 sold prices from £80K to £146K, average is £127.8K. £1.7K/m² to £2.7K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£130K07/230 mi28, Ennerdale Close, Worcester, Worcestershire WR4 9DN2
£132K08/230.03 mi9, Ullswater Close, Worcester, Worcestershire WR4 9HN2
£127K07/220.03 mi20, Ullswater Close, Worcester, Worcestershire WR4 9HN2
£125K05/220.27 mi11, Windermere Drive, Worcester, Worcestershire WR4 9JJ2
£138.8K06/210.48 mi7, Hock Coppice, Lyppard Bourne, Worcester, Worcestershire WR4 0PB2
£110K08/220.51 mi33, Crickley Drive, Worcester, Worcestershire WR4 9LD2
£138.3K09/220.59 mi38, Vetch Field Avenue, Lyppard Bourne, Worcester, Worcestershire WR4 0PA2
£140K09/210.62 mi55, Toftdale Green, Lyppard Bourne, Worcester, Worcestershire WR4 0PE2
£122K08/230.64 mi27, Prestbury Close, Worcester, Worcestershire WR4 9XG2
£105K07/210.64 mi31, Prestbury Close, Worcester, Worcestershire WR4 9XG2
£130K08/220.64 mi57, Winchcombe Drive, Worcester, Worcestershire WR4 9XA2
£112K03/210.64 mi67, Winchcombe Drive, Worcester, Worcestershire WR4 9XA2
£128.5K11/220.69 mi9, Brockhampton Close, Worcester, Worcestershire WR4 9XJ2
£96K10/210.69 mi5, Brockhampton Close, Worcester, Worcestershire WR4 9XJ2
£96K10/210.69 mi22, Brockhampton Close, Worcester, Worcestershire WR4 9XJ2
£120K09/220.69 mi24, Brockhampton Close, Worcester, Worcestershire WR4 9XJ2
£130K10/220.69 mi38, Brockhampton Close, Worcester, Worcestershire WR4 9XJ2
£145K03/230.74 miApartment 3, Berkeley Court, Berkeley Way, Warndon, Worcester, Worcestershire WR4 9FR2
£80K03/210.75 mi44, Northleach Close, Worcester, Worcestershire WR4 9XR2
£117.5K05/210.83 mi4, Hillside Close, Worcester, Worcestershire WR5 1HS2
£146K07/220.86 mi4, Michael Tippet Drive, Worcester, Worcestershire WR4 9EH2
£135K07/220.86 mi6, Michael Tippet Drive, Worcester, Worcestershire WR4 9EH2

Local Rents

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

RentDateDistanceAddressBeds 
£87503/250.42 mi-2
£90011/240.45 miTreacle Nook, Warndon Villages2
£69511/240.48 miHock Coppice, Warndon Villages, Worcester, WR42
£80011/240.5 miBlackpole, Worcester2
£67511/240.52 miNine Acres Green, Lyppard Bourne, WORCESTER2
£92511/240.52 miLittle Piece, Lyppard Woodgreen, WORCESTER2
£75011/240.53 mi-2
£75011/240.53 mi-2
£92511/240.61 miHomestead Avenue, Worcester2
£87511/240.62 miWinchcombe Drive, Worcester2
£89511/240.66 mi-2
£89511/240.66 mi-2
£94503/250.66 mi-2
£92506/240.74 mi-2
£87511/240.75 miClarkson Gardens, Worcester, Worcestershire, WR42
£90011/240.76 miWalkworth Avenue, WORCESTER2
£95011/240.79 mi-2
£2,20002/250.79 mi-2
£1,05012/240.81 mi-2
£90007/240.81 mi-2
£97512/240.82 mi-2
£95011/240.82 miAlbany Road, Worcester2
£90011/240.85 miSkenfrith Place Warndon Villages Worcester2
£85006/230.85 mi-2
£80001/250.86 mi-2
£99503/240.87 mi-2
£89511/240.89 miBrecon Avenue, Warndon Villages, Worcester2
£71011/240.92 mi-2
£71011/240.92 mi-2
£70011/240.93 miAshford House, Rainbow Hill, Worcester, WR32
£95011/240.95 miHardknott Row, Warndon Villages, Worcester, WR42
£85007/230.96 mi-2
£92508/240.96 mi-2
£2,16710/240.97 mi-2
£92511/241.02 miHoskyns Avenue, Worcester2
£82010/241.14 mi-2
£99511/241.18 mi-2
£95011/241.22 miByfield Rise, Worcester, WR52

Local Area Statistics

Population in WR4

26,127

Population in Worcester

142,140

Town centre distance

1.55 miles away

Nearest school

0.20 miles away

Nearest train station

1.08 miles away

 

 

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £120,000

December 20, 2024

Floor Plans

Description

  • Two Double Bedrooms +
  • A Balcony +
  • Convenient For The City & M5 +
  • Set Over Two Floors +
  • No Through Road +
  • BTL Return Of Over 7 Percent +

A two double bedroom duplex apartment, conveniently located for Worcester city & the M5. The home would rent for £750pcm, providing over a 7% yield/return. This ground floor home has the added bonus of a balcony & residents parking on a first come, first served basis. This spacious home comprises; communal reception hallway with access to the apartment's front door, into the reception hallway. From the hall, the stairs rise to the first floor landing & the hall also leads on into the kitchen. The kitchen has a range of base & wall units, sink & drainer, space for white goods & appliances & access into the lounge/diner. The lounge has wood effect flooring, picture windows & doors out to the balcony. To the first floor, the landing leads on to both double bedrooms & the bathroom. The bathroom has a white suite, with a mains shower over the bath, a W.C & pedestal wash basin. Externally, is the residents parking & communal gardens. There is a bus stop nearby that runs every 10 minutes into Foregate Street. Nearby is also a range of supermarkets, pubs, take away outlets & access to the M5. In Worcester city are a further range of bars, restaurants, cafes, shops & two train stations with direct links to London. LEASEHOLD - 91 YEARS LEFT COUNCIL TAX BAND - A EPC RATING - C £692.45 Service Charges plus £10 per annum Ground Rent

Agent Details

Shelton & Lines, Worcester

01905 672222

Next Steps?

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