3 Bed Terraced House, Refurb/BRRR, Kidderminster, DY11 6NF, £100,000

Spencer Street, Kidderminster, DY11 6NF - 8 views - 4 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 1%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£151K - £425.5K
Sold Prices/m²£1.6K/m² - £3.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£144,200
BMV3%

 

 

End Value (After Refurb)

£220,263

Uplift in Value

+57%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£5,400

Refurb Costs

£36,665

Bridging Loan Interest

£2,625

Total Cash In

£71,440

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£220,263

Agent Fees (1%)

£2,203

Bridging Loan

£75,000

Bridging Loan Interest

£2,625

Flip Profit

£71,621

Local Sold Prices

50 sold prices from £151K to £425.5K, average is £218.5K. £1.6K/m² to £3.7K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£215K09/220.06 mi85, Hemming Street, Kidderminster, Worcestershire DY11 6NA3
£200K11/200.06 mi90, Spencer Street, Kidderminster, Worcestershire DY11 6NE3
£220K03/210.06 mi6a, Spencer Street, Kidderminster, Worcestershire DY11 6NE3
£163K11/200.11 mi9, Claughton Street, Kidderminster, Worcestershire DY11 6PR3
£157K12/200.14 mi143, Sutton Road, Kidderminster, Worcestershire DY11 6QP3
£151K05/210.14 mi161, Sutton Road, Kidderminster, Worcestershire DY11 6QP3
£185K01/230.14 mi75, Sutton Road, Kidderminster, Worcestershire DY11 6QS3
£162K01/230.14 mi41, Poplar Road, Kidderminster, Worcestershire DY11 6NH3
£165K04/210.15 mi3, The Serpentine, Kidderminster, Worcestershire DY11 6NX3
£225K04/210.15 mi11, Claughton Court, Kidderminster, Worcestershire DY11 6BL3
£218K06/210.17 mi71, Birchfield Road, Kidderminster, Worcestershire DY11 6PG3
£160K03/210.19 mi36, Franchise Street, Kidderminster, Worcestershire DY11 6QX3
£187K01/230.19 mi49, Franchise Street, Kidderminster, Worcestershire DY11 6QX3
£215K01/230.19 mi121, Tomkinson Drive, Kidderminster, Worcestershire DY11 6NJ3
£250K04/210.2 mi19, Gainsborough Mews, Kidderminster, Worcestershire DY11 6PZ3
£267.5K06/230.2 mi15, Gainsborough Mews, Kidderminster, Worcestershire DY11 6PZ3
£290K10/220.2 mi17, Gainsborough Mews, Kidderminster, Worcestershire DY11 6PZ3
£230K11/220.22 mi74, Washington Street, Kidderminster, Worcestershire DY11 6QA3
£170K02/230.23 mi37, Holman Street, Kidderminster, Worcestershire DY11 6QY3
£275K11/210.23 mi20, Holman Street, Kidderminster, Worcestershire DY11 6QY3
£165K09/210.23 mi26, Franchise Street, Kidderminster, Worcestershire DY11 6RA3
£235K12/200.23 mi1, Holman Street, Kidderminster, Worcestershire DY11 6QY3
£205K01/210.24 mi31a, Woodward Road, Kidderminster, Worcestershire DY11 6NU3
£242.5K01/230.24 mi70, Franchise Street, Kidderminster, Worcestershire DY11 6RA3
£250K04/210.25 mi50, Lansdown Green, Kidderminster, Worcestershire DY11 6PY3
£180K01/210.25 mi46, Lansdown Green, Kidderminster, Worcestershire DY11 6PY3
£195K04/210.25 mi110, Greatfield Road, Kidderminster, Worcestershire DY11 6PH3
£210K05/210.25 mi112, Greatfield Road, Kidderminster, Worcestershire DY11 6PH3
£232K02/210.25 mi16, Oakfield Road, Kidderminster, Worcestershire DY11 6PN3
£195K06/230.26 mi57, Birchfield Road, Kidderminster, Worcestershire DY11 6PQ3
£158K11/220.27 mi8, Lister Road, Kidderminster, Worcestershire DY11 6NN3
£250K09/210.28 mi149, Bewdley Hill, Kidderminster, Worcestershire DY11 6BS3
£304K10/220.29 mi154, Bewdley Hill, Kidderminster, Worcestershire DY11 6BS3
£188K05/210.29 mi90, Hume Street, Kidderminster, Worcestershire DY11 6RB3
£185K06/210.31 mi9, Sutton Park Grove, Kidderminster, Worcestershire DY11 6LP3
£295K03/230.31 mi9, Sutton Park Grove, Kidderminster, Worcestershire DY11 6LP3
£260K04/230.31 mi7, Belle Orchard, Kidderminster, Worcestershire DY11 6PW3
£231.2K05/210.31 mi23, Belle Orchard, Kidderminster, Worcestershire DY11 6PW3
£237K02/210.31 mi15, Belle Orchard, Kidderminster, Worcestershire DY11 6PW3
£170K06/210.32 mi27, Tomkinson Drive, Kidderminster, Worcestershire DY11 6NW3
£255K03/210.33 mi18, Hazelwood Close, Kidderminster, Worcestershire DY11 6LN3
£278K06/210.33 mi11, Sutton Park Road, Kidderminster, Worcestershire DY11 6LB3
£285K10/220.34 mi44, Oakfield Road, Kidderminster, Worcestershire DY11 6PL3
£198K12/200.34 mi64, Tomkinson Drive, Kidderminster, Worcestershire DY11 6NP3
£220K11/220.35 mi6, Lea Bank Avenue, Kidderminster, Worcestershire DY11 6PD3
£425.5K09/210.35 mi116, Bewdley Hill, Kidderminster, Worcestershire DY11 6BT3
£219K06/210.35 mi19, Larches Cottage Gardens, Kidderminster, Worcestershire DY11 7AZ3
£290K06/210.35 mi1, Renfrew Gardens, Kidderminster, Worcestershire DY11 6BA3
£230K03/210.35 mi10, Summer Place, Kidderminster, Worcestershire DY11 6QH3
£206K07/210.37 mi27, Sutton Park Road, Kidderminster, Worcestershire DY11 6LD3

Local Rents

23 rents from £750/mo to £1.4K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£97512/240.18 miSutton Road, Kidderminster, Worcestershire3
£77512/240.23 miHolman Street, KIDDERMINSTER3
£95012/240.23 miLansdown Green, Kidderminster, Worcestershire, DY113
£1,40012/240.24 mi-3
£99507/230.34 mi-3
£99507/230.34 mi-3
£1,25004/250.34 mi-3
£75003/240.38 mi-3
£75003/240.38 mi-3
£77512/240.41 miStourport Road, Kidderminster, Worcestershire3
£1,20012/240.44 miNaylor Close, KIDDERMINSTER3
£1,30012/240.45 mi-3
£1,30004/250.45 mi-3
£90012/240.51 mi-3
£90012/240.51 mi-3
£1,10002/240.54 mi-3
£1,10002/240.54 mi-3
£97512/240.54 miWood Street, Worcestershire3
£90012/240.58 mi-3
£90012/240.58 mi-3
£97512/240.6 miWoodfield Street, Kidderminster, Worcestershire, DY113
£1,00012/230.6 mi-3
£1,00012/230.6 mi-3

Local Area Statistics

Population in DY11

30,309

Population in Kidderminster

74,037

Town centre distance

1.11 miles away

Nearest school

0.30 miles away

Nearest train station

1.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Price changed to £100,000

February 8, 2025

Price changed to £120,000

January 19, 2025

Listed for £140,000

December 26, 2024

Sold for £125,000

2007

Sold for £82,100

2004

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • FANTASTIC PROJECT PROPERTY +
  • DECEPTIVELY SPACIOUS THROUGHOUT +
  • LOUNGE & DINING ROOM +
  • GROUND FLOOR BATHROOM +
  • THREE GOOD SIZED BEDROOMS +

SUMMARY
In need of modernisation, a fantastic blank canvas to create the dream home, with amenities and local schooling near-by and boasting spacious rooms throughout! Small front garden and enclosed rear garden.

DESCRIPTION
In need of modernisation, this deceptively spacious mid-terraced property is situated ideally for local schooling, with Sutton Park Primary school within walking distance and Baxter College just over 1 mile away. Brintons Park sits less than half a mile away, offering a children's splash park, skate park and plenty of space for outdoor activites. On approach, a small garden sits to the front with a step up to the front door. Stepping inside you will find a lounge leading to a dining room, through to a kitchen and ground floor bathroom to the rear. Heading upstairs, you will find three good sized bedrooms. Externally, Spencer Street benefits from an enclosed rear garden.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Front Elevation 
Small garden to the front with a secure gate to the rear of the property and a step up to the front door.

Lounge 12' 9" x 11' 2" ( 3.89m x 3.40m )
Double glazed window to the front, fitted carpet, fireplace with surround, panelled radiator and ceiling light point. Access to the cellar.

Dining Room 12' 9" x 11' 2" ( 3.89m x 3.40m )
Double glazed window to the rear, laminate flooring, gas fireplace, panelled radiator and ceiling light point. Staircase up to the first floor.

Kitchen 12' 9" x 8' 5" ( 3.89m x 2.57m )
Offering wall and base units and work surface space. Inset sink and drainer unit, integrated oven and grill with an extractor fan above and plumbing for a washing machine. Tiled flooring, partially tiled walls, ceiling light point and a double glazed window and door to the side.

Bathroom ( Ground Floor ) 
Comprising a wash hand basin, WC and panelled bath with electric shower over. Tiled walls and flooring, heated towel rail, ceiling light point and a double glazed frosted window to the side.

First Floor Landing  
Stairs up from the dining room up to the first floor with fitted carpet and a ceiling light point.

Bedroom One 12' 10" x 11' 3" ( 3.91m x 3.43m )
Double bedroom with laminate flooring, panelled radiator, ceiling light point and fitted storage. Double glazed window to the rear.

Bedroom Two 9' 1" x 8' 5" ( 2.77m x 2.57m )
Double bedroom with laminate flooring, ceiling loft access and light point, panelled radiator and a double glazed window to the front.

Bedroom Three 8' 9" x 6' 10" ( 2.67m x 2.08m )
Laminate flooring, panelled radiator, ceiling light point and built-in storage. Double glazed window to the front.

Outside  

Rear Garden 
Concrete courtyard area leading to a lawn beyond with established plants and bushes.

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, Kidderminster

01562 541721

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