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3 Bed Semi-Detached House, Refurb/BRRR, Worcester, WR5 3LG, £260,000

The Limes, Kempsey, Worcester, WR5 3LG - 2 views - 4 months ago

Sold STC
Refurb/BRRR
~93 m²
+10 photos

ValuationFair Value

Sold Prices£230K - £465K
Sold Prices/m²£2.4K/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£262,600

 

 

End Value (After Refurb)

£304,480

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£17,200

Refurb Costs

£36,762

Bridging Loan Interest

£6,825

Total Cash In

£127,537

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£304,480

Mortgage (After Refinance)

£228,360

Mortgage LTV

75%

Cash Released

£33,360

Cash Left In

£94,177

Equity

£76,120

Rent Range

£695 - £1,650

Rent Estimate

£1,083

Running Costs/mo

£1,188

Cashflow/mo

£-105

Cashflow/yr

£-1,261

Gross Yield

5%

Local Sold Prices

26 sold prices from £230K to £465K, average is £299.5K. £2.4K/m² to £4.8K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£330K10/230.01 mi52, The Limes, Kempsey, Worcester, Worcestershire WR5 3LG3
£320K06/240.01 mi57, The Limes, Kempsey, Worcester, Worcestershire WR5 3LG3
£392K11/230.12 mi153, Main Road, Kempsey, Worcester, Worcestershire WR5 3LH3
£277.5K10/230.36 mi8, Ellsdon Rise, Kempsey, Worcester, Worcestershire WR5 3NU3
£270K04/230.39 mi40, Ellsdon, Kempsey, Worcester, Worcestershire WR5 3NT3
£310K04/230.41 miHampton Rise, Post Office Lane, Kempsey, Worcester, Worcestershire WR5 3NX3
£335K12/220.43 mi23, Lyfs Lane, Kempsey, Worcester, Worcestershire WR5 3JN3
£245K07/230.45 mi40, St Marys Close, Kempsey, Worcester, Worcestershire WR5 3JX3
£293K05/230.45 mi44, St Marys Close, Kempsey, Worcester, Worcestershire WR5 3JX3
£272K07/240.45 mi29, St Marys Close, Kempsey, Worcester, Worcestershire WR5 3JX3
£280K05/230.48 mi83, Main Road, Kempsey, Worcester, Worcestershire WR5 3JA3
£360K01/210.49 mi15, Church Street, Kempsey, Worcester, Worcestershire WR5 3JQ3
£465K06/210.49 miNailbourne, Church Street, Kempsey, Worcester, Worcestershire WR5 3JQ3
£250K11/210.5 mi12, Squires Walk, Kempsey, Worcester, Worcestershire WR5 3JB3
£280K01/210.5 mi4, Squires Walk, Kempsey, Worcester, Worcestershire WR5 3JB3
£265K03/210.5 mi8, Squires Walk, Kempsey, Worcester, Worcestershire WR5 3JB3
£335K06/210.61 mi1, Farlie Close, Kempsey, Worcester, Worcestershire WR5 3NW3
£299.9K07/210.65 miHolly Trees, Old Road South, Kempsey, Worcester, Worcestershire WR5 3NJ3
£354K08/230.65 mi9, Old Road South, Kempsey, Worcester, Worcestershire WR5 3NJ3
£278.8K02/210.65 mi17, Old Road South, Kempsey, Worcester, Worcestershire WR5 3NJ3
£380K09/210.65 mi12, Byefields, Kempsey, Worcester, Worcestershire WR5 3NN3
£297.5K04/240.66 mi36, Meadow Close, Kempsey, Worcester, Worcestershire WR5 3NL3
£299K01/210.71 mi7, Plovers Rise, Kempsey, Worcester, Worcestershire WR5 3SA3
£230K03/210.79 mi15, Bannut Hill, Kempsey, Worcester, Worcestershire WR5 3NG3
£432K06/210.79 miMeadow Rise, Beauchamp Lane, Callow End, Worcester, Worcestershire WR2 4UQ3
£396K06/210.94 miCringle Cottage, Brookfield, Broomhall, Worcester, Worcestershire WR5 2NU3

Local Rents

49 rents from £695/mo to £1.6K/mo, average is £999/mo.

RentDateDistanceAddressBeds 
£1,15011/240.36 miEllsdon Rise, Kempsey, WR53
£1,15009/240.45 mi-1
£95012/240.45 mi-1
£1,50008/231.34 mi-4
£92511/241.35 miYarrow Close, WORCESTER2
£1,15004/251.36 mi-2
£1,65011/241.45 miToulouse Drive, Norton, Worcester.4
£90011/241.45 miMandalay Drive, Brockhill Village, WORCESTER2
£1,32511/241.47 miPrimrose Crescent, Worcester3
£1,19503/251.47 mi-2
£85011/241.53 miCrookbarrow Road, Norton2
£1,30011/241.55 miPeninsula Road, Norton, Worcester, WR53
£1,20007/231.56 mi-2
£1,30004/251.56 mi-2
£82511/241.74 miCamberwell Drive, St Peters2
£90011/241.75 miWaseley Close, WORCESTER2
£89511/241.79 miKingfisher Close, Worcester, Worcestershire, WR52
£1,20011/241.8 miGrasshopper Avenue, WORCESTER3
£69511/241.85 miDragonfly Green, WORCESTER1
£85011/241.87 miStroma Avenue, St Peters, Worcester2
£1,10002/241.98 mi-4
£97502/251.98 mi-2
£1,25011/241.98 miLundy Row, WORCESTER3
£75011/241.99 mi-1
£1,40011/241.99 miTiree Avenue, Worcester, WR54
£99511/242.04 miRansome Avenue, Worcester, WR53
£1,05004/252.04 mi-2
£99902/242.08 mi-2
£99902/252.08 mi-2
£99507/242.09 mi-2
£1,45002/252.19 mi-3
£95011/242.22 miOrchard Street, WORCESTER3
£92503/252.22 mi-2
£85011/242.26 miBath Road, Worcester, WR52
£85002/242.27 mi-2
£85002/242.27 mi-2
£90001/252.27 mi-2
£1,54511/242.29 miFranklin Close, Worcester4
£1,10004/252.31 mi-2
£99511/242.31 mi3 Orchard Mews, Orchard Street, Worcester, Worcestershire, WR52
£1,20012/242.31 mi-1
£89511/242.34 miCavalier Crescent, Worcester, Worcestershire, WR52
£80011/242.38 miLockwheel House, Diglis1
£1,10011/242.39 miLockwheel House, 4 Woodhouse Close, Worcester, WR52
£1,20011/242.39 miWoodhouse Close, Worcester, Worcestershire, WR52
£1,15011/242.42 miWoodhouse Close, Riverbank Court, WR52
£99511/242.43 miBasin Road, WORCESTER2
£1,25011/242.43 miMillwright House, Basin Road, Worcester, Worcestershire, WR5 3GR2
£1,45011/242.44 miThe Drive, Powick, Worcester, WR24

Links

Local Area Statistics

Population in WR5

30,933

Population in Worcester

142,140

Town centre distance

3.02 miles away

Nearest school

0.40 miles away

Nearest train station

2.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £260,000

January 7, 2025

Floor Plans

Description

We are acting in the sale of the above property and have received an offer of £248,000 on the above property.

Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place.

*NO ONWARD CHAIN - POPULAR LOCATION - THREE BEDROOM SEMI DETACHED HOME*

Leaders are pleased to present to market with no onward chain this three bedroom semi detached family home in need of modernisation and set within the sought after village of Kempsey, Worcester.

Being within close proximity to many local amenities, popular schools and great access to the M5 motorway and links around Worcester along with the city centre being a short drive away this property would make the ideal residential purchase.

Property comprises in detail; Entrance hallway, lounge / diner and kitchen. First floor having three bedrooms and a family bathroom.

Property also offers a front garden laid to lawn with block paved driveway parking for two vehicles leading to a single garage and an enclosed rear garden.

Further benefits include gas central heating and double glazing throughout.

This property is freehold and the council tax band is C.

*VIEWING HIGHLY ADVISED NOT TO MISS OUT*

Agent Details

Leaders Sales, Worcester

01905 887216

Next Steps?

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

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