3 Bed Terraced House, Refurb/BRRR, Kidderminster, DY10 2TS, £180,000

Vine Street, Kidderminster, DY10 2TS - 8 views - 4 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+13 photos

ValuationUndervalued

Sold Prices£135K - £560K
Sold Prices/m²£1.6K/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£185,400
BMV3%

 

 

End Value (After Refurb)

£222,787

Uplift in Value

+24%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£36,849

Bridging Loan Interest

£4,725

Total Cash In

£94,924

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£222,787

Mortgage (After Refinance)

£167,091

Mortgage LTV

75%

Cash Released

£32,091

Cash Left In

£62,833

Equity

£55,697

Rent Range

£875 - £1,650

Rent Estimate

£1,037

Running Costs/mo

£924

Cashflow/mo

£113

Cashflow/yr

£1,361

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £135K to £560K, average is £220K. £1.6K/m² to £4.1K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£208K11/200 mi31, Vine Street, Kidderminster, Worcestershire DY10 2TS3
£362K09/230.03 mi52, James Road, Kidderminster, Worcestershire DY10 2TR3
£167.5K01/210.08 mi38, Batham Road, Kidderminster, Worcestershire DY10 2TW3
£282K02/210.11 mi27, Batham Road, Kidderminster, Worcestershire DY10 2TN3
£245K12/200.11 mi31, James Road, Kidderminster, Worcestershire DY10 2TP3
£250K06/230.14 mi300, Hurcott Road, Kidderminster, Worcestershire DY10 2RQ3
£325K03/210.14 mi305, Hurcott Road, Kidderminster, Worcestershire DY10 2RQ3
£177K01/210.14 mi312, Hurcott Road, Kidderminster, Worcestershire DY10 2RQ3
£225K08/210.15 mi43, Turton Street, Kidderminster, Worcestershire DY10 2TH3
£163.5K04/210.16 mi58, Land Oak Drive, Kidderminster, Worcestershire DY10 2SY3
£246K11/200.16 mi36, Land Oak Drive, Kidderminster, Worcestershire DY10 2SY3
£243.5K09/210.16 mi18, Highfield Road, Kidderminster, Worcestershire DY10 2TL3
£320K10/200.16 mi28, Highfield Road, Kidderminster, Worcestershire DY10 2TL3
£220K12/220.21 mi70, Highfield Road, Kidderminster, Worcestershire DY10 2TJ3
£240K01/210.21 mi45, Bruce Road, Kidderminster, Worcestershire DY10 2TX3
£210K12/200.22 mi26, Baldwin Road, Kidderminster, Worcestershire DY10 2UA3
£310K03/230.22 mi68, Baldwin Road, Kidderminster, Worcestershire DY10 2UA3
£173K12/200.23 mi17, Broadwaters Drive, Kidderminster, Worcestershire DY10 2RY3
£250K06/210.26 mi3, Cavendish Drive, Kidderminster, Worcestershire DY10 2SX3
£255.5K11/220.26 mi345, Chester Road North, Kidderminster, Worcestershire DY10 2RU3
£217K10/210.26 mi350, Chester Road North, Kidderminster, Worcestershire DY10 2RU3
£150K11/220.26 mi56, Cairndhu Drive, Kidderminster, Worcestershire DY10 2TA3
£210K05/230.26 mi14, Land Oak Drive, Kidderminster, Worcestershire DY10 2ST3
£258K11/200.26 mi26, Land Oak Drive, Kidderminster, Worcestershire DY10 2ST3
£220K02/210.26 mi1, Land Oak Drive, Kidderminster, Worcestershire DY10 2ST3
£215K10/210.26 mi186, Stourbridge Road, Kidderminster, Worcestershire DY10 2UX3
£210K11/200.26 mi8, Cairndhu Drive, Kidderminster, Worcestershire DY10 2TA3
£168K06/210.3 mi69, Bruce Road, Kidderminster, Worcestershire DY10 2TY3
£147.5K07/210.3 mi43, The Oaklands, Kidderminster, Worcestershire DY10 2SB3
£170K07/210.3 mi13, The Oaklands, Kidderminster, Worcestershire DY10 2SB3
£210K12/200.31 mi64, Kendlewood Road, Kidderminster, Worcestershire DY10 2XG3
£187K09/210.31 mi5, Adams Court, Kidderminster, Worcestershire DY10 2SF3
£285K12/220.32 mi380, Chester Road North, Kidderminster, Worcestershire DY10 2RS3
£305K11/220.32 mi202, Stourbridge Road, Kidderminster, Worcestershire DY10 2UY3
£175K10/200.33 mi31, Pitt Street, Kidderminster, Worcestershire DY10 2UN3
£160K01/210.33 mi36, Pitt Street, Kidderminster, Worcestershire DY10 2UN3
£185K07/210.33 mi79, Wolverhampton Road, Kidderminster, Worcestershire DY10 2UU3
£240K11/210.33 mi5, Pear Tree Close, Kidderminster, Worcestershire DY10 2SU3
£275K04/230.33 mi10, Pear Tree Close, Kidderminster, Worcestershire DY10 2SU3
£235.5K03/210.33 mi105, Wolverhampton Road, Kidderminster, Worcestershire DY10 2UU3
£340K07/210.34 mi286, Chester Road North, Kidderminster, Worcestershire DY10 2RR3
£175K02/210.36 mi17, Wolverhampton Road, Kidderminster, Worcestershire DY10 2UT3
£135K01/210.37 mi87, Hurcott Road, Kidderminster, Worcestershire DY10 2QT3
£163K05/230.37 mi44, Dunnington Avenue, Kidderminster, Worcestershire DY10 2YT3
£560K02/230.41 miMill House, Hurcott Lane, Kidderminster, Worcestershire DY10 3PJ3
£235K09/230.41 mi175, Sion Avenue, Kidderminster, Worcestershire DY10 2YL3
£220K03/230.41 mi9, Walker Drive, Kidderminster, Worcestershire DY10 2YW3
£225K12/220.42 mi369, Stourbridge Road, Kidderminster, Worcestershire DY10 2QE3
£222K04/210.42 mi15, Sion Avenue, Kidderminster, Worcestershire DY10 2YJ3
£220K08/230.42 mi185, Sion Avenue, Kidderminster, Worcestershire DY10 2YJ3

Local Rents

12 rents from £875/mo to £1.6K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£90012/240.14 miHurcott Road, KIDDERMINSTER3
£99512/240.32 miChester Road North, KIDDERMINSTER3
£87503/240.35 miPitt Street, Kidderminster, Worcestershire, DY103
£90003/240.35 miLenchville, Kidderminster3
£1,10012/240.35 miCoates Road, Kidderminster3
£90012/240.35 miLenchville, KIDDERMINSTER3
£90012/240.35 mi-3
£1,65003/240.41 miBirmingham Road, KIDDERMINSTER3
£1,12512/240.42 miMerton Close, Kidderminster, Worcestershire3
£1,20009/240.49 mi-3
£95003/240.5 miUpton Road, Kidderminster3
£95012/240.5 miUpton Road, Kidderminster3

Local Area Statistics

Population in DY10

35,493

Population in Kidderminster

74,037

Town centre distance

0.85 miles away

Nearest school

0.50 miles away

Nearest train station

1 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £180,000

January 7, 2025

Floor Plans

Description

  • Deceptively Spacious 3 Bedroom Family Home +
  • NO ONWARD CHAIN +
  • Excellent Renovation Potential +
  • Ideal Investment Property +
  • Central Heating And Double Glazing +
  • Sought After Area - Excellent Transport Links +
  • Book A Viewing 24/7 Via Purplebricks App/Website +

The Property
NO ONWARD CHAIN — DECEPTIVELY SPACIOUS 3 BEDROOM FAMILY HOME — IDEAL INVESTMENT — SOUGHT AFTER LOCATION — EXCELLENT TRANSPORT LINKS — AN ABSOLUTE MUST SEE!!

*Viewing is highly recommended - Book a viewing 24/7 via the PurpleBricks app/website*

An exciting opportunity to renovate this deceptively spacious 3 bedroom mid-terrace family home, situated in a highly sought after residential area of Kidderminster, and offered with NO ONWARD CHAIN! An ideal investment property perfectly suited to first-time buyers, and landlords alike - Do not miss out on this one!

Conveniently located with excellent transport inks to Birmingham and Worcester, within desirable school catchment, and only a short walk from beautiful rural surroundings and Hurcott Woods Nature Reserve, this excellent property is ready and waiting for you to put your own stamp onto it!

Property comprising: Convenient porch - Living room - 2nd Reception room/Dining room - Spacious kitchen, with built in appliances - Storage cellar, with sockets and lights - Family bathroom - And 3 well proportioned bedrooms over two storeys, including two spacious doubles and a third bedroom offering flexibility as a single/guest room/home office

Outside: To the rear, a courtyard space and highly private garden. And to the front, a low maintenance approach with dwarf boundary wall.

Centrally heated and double glazing throughout.

*Book a viewing 24/7 via the PurpleBricks app/website*

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Dudley

020 3907 3618

Next Steps?

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