3 Bed Semi-Detached House, Refurb/BRRR, Worcester, WR6 6JY, £295,000

Queens Estate, Wichenford, Worcester, WR6 6JY - 1 views - 4 months ago

Refurb/BRRR
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£220K - £570K
Sold Prices/m²£1.9K/m² - £6.7K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£281,250

 

 

End Value (After Refurb)

£332,936

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£12,300

Refurb Costs

£36,600

Bridging Loan Interest

£7,744

Total Cash In

£132,144

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£332,936

Mortgage (After Refinance)

£249,702

Mortgage LTV

75%

Cash Released

£28,452

Cash Left In

£103,692

Equity

£83,234

Rent Range

£850 - £2,500

Rent Estimate

£1,235

Running Costs/mo

£1,307

Cashflow/mo

£-72

Cashflow/yr

£-869

Gross Yield

5%

Local Sold Prices

21 sold prices from £220K to £570K, average is £350K. £1.9K/m² to £6.7K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£297K09/221.33 mi14, The Bungalows, Shelsley Beauchamp, Worcester, Worcestershire WR6 6RD3
£375K12/201.4 mi19, Fountain Court, Great Witley, Worcester, Worcestershire WR6 6HW3
£253K07/211.41 mi22, The Glebe, Great Witley, Worcester, Worcestershire WR6 6JR3
£280K03/241.41 mi30, The Glebe, Great Witley, Worcester, Worcestershire WR6 6JR3
£243K03/211.41 mi33, The Glebe, Great Witley, Worcester, Worcestershire WR6 6JR3
£295K02/211.41 mi21, The Glebe, Great Witley, Worcester, Worcestershire WR6 6JR3
£330K01/231.41 mi21, The Glebe, Great Witley, Worcester, Worcestershire WR6 6JR3
£450K09/231.51 mi3, Stourport Road, Great Witley, Worcester, Worcestershire WR6 6JP3
£450K01/211.65 miWestmead, Bank Road, Little Witley, Worcester, Worcestershire WR6 6LS3
£430K04/211.7 miCarn Brae, Church Lane, Little Witley, Worcester, Worcestershire WR6 6LP3
£220K02/231.9 miYew Tree Cottage, Worcester Road, Great Witley, Worcester, Worcestershire WR6 6HX3
£350K01/221.95 mi4, Well Lane, Little Witley, Worcester, Worcestershire WR6 6LN3
£355K06/212.35 mi1, Maple Cottages, Martley, Worcester, Worcestershire WR6 6QA3
£372.5K03/212.44 miOrchard View, The Common, Abberley, Worcester, Worcestershire WR6 6AY3
£460K05/212.51 miThe Old Barn, The Village, Abberley, Worcester, Worcestershire WR6 6BN3
£250K07/212.51 miThe Old Forge, The Village, Abberley, Worcester, Worcestershire WR6 6BN3
£400K01/242.51 miThe Old Barn, The Village, Abberley, Worcester, Worcestershire WR6 6BN3
£410K02/232.54 miJury Lodge, Jury Lane, Martley, Worcester, Worcestershire WR6 6PE3
£245K07/212.76 mi6, Queens Estate, Wichenford, Worcester, Worcestershire WR6 6YJ3
£570K01/232.91 miAnvil House, 17, Forge Meadows, Clifton On Teme, Worcester, Worcestershire WR6 6TZ3
£280K05/212.97 mi42, The Village, Clifton On Teme, Worcester, Worcestershire WR6 6DH3

Local Rents

7 rents from £850/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£89511/240.98 miHillside, Martley2
£1,10011/241.56 miOld Hundred House Mews, Great Witley, WORCESTER2
£1,10011/241.56 miWorcester Road, Great Witley, WORCESTER2
£1,10011/241.56 miWorcester Road, Great Witley, WORCESTER2
£1,10011/241.56 miWorcester Road, Great Witley, WORCESTER2
£85011/241.66 miHillhampton, Great Witley1
£2,50011/241.75 miNear Great Witley5

Local Area Statistics

Population in WR6

12,214

Population in Worcester

142,140

Town centre distance

8.31 miles away

Nearest school

1.30 miles away

Nearest train station

7.30 miles away

 

 

Rental growth (12m)

+35%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £295,000

December 26, 2024

Floor Plans

Description

  • Spacious Plot with Stunning Gardens +
  • Versatile Interior Layout +
  • Incredible Potential for Modernisation +
  • Desribale location +
  • No onward chain +
  • Catchment for Chantry School with bus service +
  • Bus route to Worcester +

SUMMARY
Connells are delighted to offer For Sale for the first time in 50 years this well constructed 3 bedroom semi detatched property located in a desirable rural location on a generous sized plot.

DESCRIPTION
Set in the charming and highly sought-after village of Wichenford, this rare opportunity invites you to explore the incredible potential of a spacious and well-built property situated on an impressive, generously-sized plot. Surrounded by the tranquil beauty of the countryside yet just a 20-minute drive from the city centre, this property is ideal for those seeking the balance of rural charm and convenient urban access.

This generous three-bedroom home is ready for a new chapter. Offering a well-proportioned sitting room, a spacious kitchen, and a bathroom, the layout lends itself to modernisation that could transform this charming property into a truly bespoke home. The scope for a contemporary open-plan kitchen and living space is vast, and the property's solid structure means you have an exceptional foundation to work from.

This is a unique chance to acquire a characterful, well-built property with exceptional potential. Early viewing is recommended

Living Room  17' 1" x 10' 8" ( 5.21m x 3.25m )

Kitchen 10' 1" x 9' 8" ( 3.07m x 2.95m )

Utility 7' 9" x 4' 9" ( 2.36m x 1.45m )

Conservatory 10' 1" x 5' 6" ( 3.07m x 1.68m )

Bedroom 1 10' 8" x 10' 8" ( 3.25m x 3.25m )

Bedroom 2 10' 5" Max x 6' 6" ( 3.17m Max x 1.98m )

Bedroom 3 6' 9" x 6' 2" ( 2.06m x 1.88m )

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Worcester

01905 917044

Next Steps?

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