3 Bed Flat, Single Let, Worcester, WR1 3PB, £200,000

Magdala Court, The Butts, Worcester, Worcestershire, WR1 3PB - 3 months ago

Sold STC
Leasehold
BTL
ROI: 1%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£89K - £289K
Sold Prices/m²£1.9K/m² - £1.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£190,500

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£825 - £1,350

Rent Estimate

£878

Running Costs/mo

£821

Cashflow/mo

£57

Cashflow/yr

£689

ROI

1%

Gross Yield

5%

Local Sold Prices

5 sold prices from £89K to £289K, average is £163K.

PriceDateDistanceAddressBeds 
£218K12/230 mi67, Magdala Court, Worcester, Worcestershire WR1 3PB3
£163K09/230.45 mi29, Vesta Tilley Court, Worcester, Worcestershire WR1 2BL3
£150K08/221.2 mi54, Gresham Road, Worcester, Worcestershire WR2 5QR3
£289K11/201.26 miFlat 1, Chacewater House, Chacewater Avenue, Worcester, Worcestershire WR3 7AW3
£89K07/221.7 mi32, Ullswater Close, Worcester, Worcestershire WR4 9HN3

Local Rents

10 rents from £825/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,30011/240.28 miThe Tything, Worcester3
£1,30003/250.44 mi-3
£95011/240.45 miHenwick Road, St Johns, Worcester3
£1,35011/240.49 miHebb Street, Worcester, Worcestershire, WR13
£89510/240.54 mi-3
£1,35012/240.54 mi-3
£97511/240.55 miBromyard Terrace, Worcester St. Johns, Worcester3
£1,30011/240.55 miGregorys Mill Street, Worcester, Worcestershire, WR33
£82511/240.55 miLower Chestnut Street, Worcester, Worcestershire, WR13
£1,05011/240.61 miApartment 6, Autumn Terrace, Worcester3

Local Area Statistics

Population in WR1

9,229

Population in Worcester

142,140

Town centre distance

0.51 miles away

Nearest school

0.40 miles away

Nearest train station

0.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £200,000

December 29, 2024

Floor Plans

Description

This deceptively spacious third floor, three/four bedroom duplex apartment benefits from having 1227 sq. ft. of accommodation and is offered with no onward chain. This is an ideal first time or investment purchase, with a yield of in excess of 5%. The accommodation consists of a spacious hallway which leads through to three double bedrooms and the bathroom. The master bedroom having fitted wardrobes and an en-suite shower room. To the first floor is the kitchen, lounge and fourth bedroom/dining room. The 20ft lounge has dual aspect windows and can also double up as a dining room. The fourth bedroom is in excess of 13ft, and could be used as a formal dining room. The kitchen has integrated appliances. There is secure under cover parking beneath the apartment.

Agent Details

R A Bennett & Partners, Worcester

01905 975109

Next Steps?

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