3 Bed House, Refurb/BRRR, Kidderminster, DY10 1SP, £135,000

Albert Road, Kidderminster, DY10 1SP - 4 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+8 photos

ValuationFair Value

Sold Prices£110K - £389K
Sold Prices/m²£1.3K/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£135,000

 

 

End Value (After Refurb)

£180,354

Uplift in Value

+34%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Refurb Costs

£36,849

Bridging Loan Interest

£3,544

Total Cash In

£81,143

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£180,354

Mortgage (After Refinance)

£135,265

Mortgage LTV

75%

Cash Released

£34,015

Cash Left In

£47,128

Equity

£45,088

Rent Range

£850 - £1,650

Rent Estimate

£1,000

Running Costs/mo

£784

Cashflow/mo

£216

Cashflow/yr

£2,597

ROI

3%

Gross Yield

9%

Local Sold Prices

50 sold prices from £110K to £389K, average is £170K. £1.3K/m² to £2.9K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£181K08/230 mi54, Albert Road, Kidderminster, Worcestershire DY10 1SP3
£162K05/230.05 mi110, Offmore Road, Kidderminster, Worcestershire DY10 1SL3
£164K09/210.07 mi12, Clarence Street, Kidderminster, Worcestershire DY10 1RS3
£215K12/200.07 mi27, Clarence Street, Kidderminster, Worcestershire DY10 1RS3
£152K12/200.07 mi16, Clarence Street, Kidderminster, Worcestershire DY10 1RS3
£175K06/210.1 mi102, Lea Street, Kidderminster, Worcestershire DY10 1SN3
£110K03/210.1 mi105, Lea Street, Kidderminster, Worcestershire DY10 1SN3
£140K08/230.1 mi64, Lea Street, Kidderminster, Worcestershire DY10 1SN3
£182.5K01/210.14 mi24a, Leswell Street, Kidderminster, Worcestershire DY10 1RP3
£187.5K12/200.17 mi194, Chester Road North, Kidderminster, Worcestershire DY10 1TN3
£170K12/220.19 mi55, East Street, Kidderminster, Worcestershire DY10 1SE3
£144K04/210.19 mi187, Offmore Road, Kidderminster, Worcestershire DY10 1SB3
£152K02/210.19 mi171, Offmore Road, Kidderminster, Worcestershire DY10 1SB3
£144K04/210.19 mi187, Offmore Road, Kidderminster, Worcestershire DY10 1SB3
£170K08/230.19 mi181, Offmore Road, Kidderminster, Worcestershire DY10 1SB3
£160K12/200.2 mi10, St Georges Terrace, Kidderminster, Worcestershire DY10 1SQ3
£145K05/230.2 mi13, St Georges Terrace, Kidderminster, Worcestershire DY10 1SQ3
£128.1K10/210.2 mi1, Lea Street, Kidderminster, Worcestershire DY10 1SW3
£255K12/220.22 mi25, St Georges Terrace, Kidderminster, Worcestershire DY10 1SQ3
£156K01/210.22 mi25, Lorne Street, Kidderminster, Worcestershire DY10 1SY3
£145K04/230.24 mi17, Findon Street, Kidderminster, Worcestershire DY10 1PU3
£218K06/230.25 mi177, Chester Road North, Kidderminster, Worcestershire DY10 1TP3
£205K12/200.26 mi464, Chester Road North, Kidderminster, Worcestershire DY10 1TP3
£178K01/230.26 mi73, George Street, Kidderminster, Worcestershire DY10 1PY3
£165K01/230.27 mi42, George Street, Kidderminster, Worcestershire DY10 1PY3
£310K10/230.28 mi5, Lyndholm Road, Kidderminster, Worcestershire DY10 1TJ3
£290K03/210.28 mi5, Lyndholm Road, Kidderminster, Worcestershire DY10 1TJ3
£135K07/230.29 mi20, Anchorfields, Kidderminster, Worcestershire DY10 1PZ3
£389K12/200.3 miWhite Gates, 4, Linden Avenue, Kidderminster, Worcestershire DY10 3AA3
£200K12/220.31 mi21, Gilbert Scott Way, Kidderminster, Worcestershire DY10 2EZ3
£215K05/230.33 mi88, Baxter Avenue, Kidderminster, Worcestershire DY10 2HB3
£235K06/210.33 mi92, Baxter Avenue, Kidderminster, Worcestershire DY10 2HB3
£172.5K07/230.33 mi109, Baxter Avenue, Kidderminster, Worcestershire DY10 2HB3
£113K01/210.34 mi41, Broom Crescent, Kidderminster, Worcestershire DY10 3BN3
£123K11/200.34 mi73, Broom Crescent, Kidderminster, Worcestershire DY10 3BN3
£175K09/230.35 mi5, Sycamore Close, Kidderminster, Worcestershire DY10 2EY3
£300K08/230.35 mi106, Holmcroft Road, Kidderminster, Worcestershire DY10 3AG3
£168K09/210.35 mi79, Shrubbery Street, Kidderminster, Worcestershire DY10 2QY3
£164.5K02/210.35 mi73, Shrubbery Street, Kidderminster, Worcestershire DY10 2QY3
£210K02/210.35 mi56, Shrubbery Street, Kidderminster, Worcestershire DY10 2QY3
£340K07/210.35 mi286, Chester Road North, Kidderminster, Worcestershire DY10 2RR3
£275K06/230.36 mi134, Shakespeare Drive, Kidderminster, Worcestershire DY10 3QX3
£210K02/210.36 mi142, Shakespeare Drive, Kidderminster, Worcestershire DY10 3QX3
£219.1K01/230.36 mi148, Shakespeare Drive, Kidderminster, Worcestershire DY10 3QX3
£119K10/200.37 mi151, Baxter Avenue, Kidderminster, Worcestershire DY10 2EX3
£155K05/210.37 mi127, Baxter Avenue, Kidderminster, Worcestershire DY10 2EX3
£285K12/220.37 mi380, Chester Road North, Kidderminster, Worcestershire DY10 2RS3
£154.9K04/210.37 mi18, Hawford Avenue, Kidderminster, Worcestershire DY10 3BH3
£150K10/200.38 mi19, The Oaklands, Kidderminster, Worcestershire DY10 2SB3
£170K07/210.38 mi13, The Oaklands, Kidderminster, Worcestershire DY10 2SB3

Local Rents

14 rents from £850/mo to £1.6K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£85012/240 miAlbert Road, Kidderminster, DY103
£95003/240.13 miLeswell Street, Kidderminster3
£95012/240.14 miLeswell Street, KIDDERMINSTER3
£87512/240.16 miLorne Street, Kidderminster3
£90004/240.19 miEast Street, KIDDERMINSTER3
£1,65003/240.27 miBirmingham Road, KIDDERMINSTER3
£1,00012/240.31 miThe Firs Close, Kidderminster, Worcestershire3
£1,10003/240.35 miSycamore Close, KIDDERMINSTER3
£99512/240.36 miChester Road North, KIDDERMINSTER3
£90003/240.4 miRadford Avenue, KIDDERMINSTER3
£90012/240.4 miRadford Avenue, KIDDERMINSTER3
£1,12512/240.5 miMerton Close, Kidderminster, Worcestershire3
£90012/240.54 miHurcott Road, KIDDERMINSTER3
£90012/240.59 mi-3

Local Area Statistics

Population in DY10

35,493

Population in Kidderminster

74,037

Town centre distance

0.17 miles away

Nearest school

0.10 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £135,000

December 26, 2024

Description

  • Refurbishment needed +
  • Three bedrooms +
  • Lounge +
  • Dining kitchen +
  • Cellar +
  • EPC D +

Bagleys are pleased to present this three bedroom house which is in need of modernisation. Property is offered with no upwards chain and vacant possession. Property to comprise: lounge, dining kitchen, cellar, two first floor bedrooms, second floor bedroom and bathroom. Rear yard. Boiler modern with certification and full electrical certification. EPC D

Agent Details

Bagleys Sales & Rentals, Kidderminster

01562 547545

Next Steps?

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