3 Bed Semi-Detached House, Planning Permission, Worcester, WR2 4SA, £340,000

The Drive, Powick, Worcester, WR2 4SA - 3 months ago

Sold STC
Planning
~93 m²
+13 photos

ValuationOvervalued

Sold Prices£133.5K - £575K
Sold Prices/m²£1.7K/m² - £6.3K/m²

 

 

Square Metres

~93 m²
Price/m²£3.7K/m²

Value Estimate

£282,135

 

 

End Value (After Refurb)

£314,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£85,000

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£36,762

Bridging Loan Interest

£8,925

Total Cash In

£149,137

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£314,000

Mortgage (After Refinance)

£235,500

Mortgage LTV

75%

Cash Left In

£149,137

Equity

£78,500

Rent Range

£560 - £3,500

Rent Estimate

£1,100

Running Costs/mo

£1,221

Cashflow/mo

£-121

Cashflow/yr

£-1,455

Gross Yield

4%

Local Sold Prices

50 sold prices from £133.5K to £575K, average is £287.5K. £1.7K/m² to £6.3K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£282K06/210 mi45, The Drive, Powick, Worcester, Worcestershire WR2 4SA3
£265K08/210 mi3, The Drive, Powick, Worcester, Worcestershire WR2 4SA3
£280K12/200.17 mi12, Old Malvern Road, Powick, Worcester, Worcestershire WR2 4RX3
£311K12/220.26 mi4, King Charles Avenue, Powick, Worcester, Worcestershire WR2 4QF3
£480K08/230.26 miTanglewood, Colletts Green, Powick, Worcester, Worcestershire WR2 4RQ3
£250K04/230.34 mi9, Cromwell Road, Powick, Worcester, Worcestershire WR2 4QJ3
£300K07/230.34 mi15, Essex Close, Powick, Worcester, Worcestershire WR2 4PX3
£290K09/210.35 mi20, Hospital Lane, Powick, Worcester, Worcestershire WR2 4SQ3
£230K11/200.35 mi18, Hospital Lane, Powick, Worcester, Worcestershire WR2 4SQ3
£315K06/210.36 mi4, Fleetwood Avenue, Powick, Worcester, Worcestershire WR2 4PY3
£330K11/210.49 mi86, Malvern Road, Powick, Worcester, Worcestershire WR2 4RT3
£300K06/210.58 miJasmine Cottage, Bastonford, Powick, Worcester, Worcestershire WR2 4SL3
£285K03/210.76 mi8, Old Rectory Close, Worcester, Worcestershire WR2 4QU3
£370K06/210.81 mi46, Village, Powick, Worcester, Worcestershire WR2 4QT3
£360K01/231.06 mi44, Upton Road, Callow End, Worcester, Worcestershire WR2 4TZ3
£215K10/201.35 mi35, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4DB3
£230K09/211.35 mi24, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4DB3
£265K01/241.36 mi8, Montreal Close, Lower Wick, Worcester, Worcestershire WR2 4DZ3
£270K12/201.37 mi108, Christine Avenue, Rushwick, Worcester, Worcestershire WR2 5SR3
£265K03/211.38 mi133, Christine Avenue, Rushwick, Worcester, Worcestershire WR2 5ST3
£323K03/211.38 mi121, Christine Avenue, Rushwick, Worcester, Worcestershire WR2 5ST3
£380K01/231.39 mi117, Christine Avenue, Rushwick, Worcester, Worcestershire WR2 5ST3
£440K11/221.39 mi135, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4XX3
£396K01/231.41 miThe Hollies, Upton Road, Callow End, Worcester, Worcestershire WR2 4TA3
£215K06/211.42 mi10, Westmount Close, Worcester, Worcestershire WR2 4EF3
£230K03/211.42 mi10, Nixon Court, Callow End, Worcester, Worcestershire WR2 4UU3
£245K07/231.44 mi8, Weyburn Close, Worcester, Worcestershire WR2 4EA3
£240K08/231.44 mi8, Oakville Close, Lower Wick, Worcester, Worcestershire WR2 4XL3
£217.5K02/211.44 mi1, Regina Close, Lower Wick, Worcester, Worcestershire WR2 4DA3
£247K11/201.45 mi32, Canada Way, Lower Wick, Worcester, Worcestershire WR2 4ED3
£300K11/231.47 mi5, Orchard Close, Rushwick, Worcester, Worcestershire WR2 5TH3
£233.5K05/211.47 mi14, Christine Avenue, Rushwick, Worcester, Worcestershire WR2 5SP3
£340K09/211.47 mi1, Minett Avenue, Rushwick, Worcester, Worcestershire WR2 5TQ3
£297K09/211.47 mi13, Minett Avenue, Rushwick, Worcester, Worcestershire WR2 5TQ3
£575K02/231.47 miNursery Bungalow, Upper Wick Lane, Rushwick, Worcester, Worcestershire WR2 5SN3
£260K12/221.48 mi26, Bowhill, Callow End, Worcester, Worcestershire WR2 4TN3
£301.6K04/231.5 mi7, Baradene Lane, Rushwick, Worcester, Worcestershire WR2 5TL3
£335K08/231.5 mi146, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4XH3
£228.5K05/211.51 mi93, Canada Way, Lower Wick, Worcester, Worcestershire WR2 4XD3
£133.5K10/231.51 mi103, Canada Way, Lower Wick, Worcester, Worcestershire WR2 4XD3
£340K07/231.51 mi14, Canada Way, Lower Wick, Worcester, Worcestershire WR2 4DJ3
£200K05/211.51 mi22, Canada Way, Lower Wick, Worcester, Worcestershire WR2 4DJ3
£285K02/231.51 mi14, Edmonton Close, Worcester, Worcestershire WR2 4DQ3
£280K08/211.54 miOrchard Dene, Bransford Road, Rushwick, Worcester, Worcestershire WR2 5TA3
£360K09/231.55 mi18, Highfield, Callow End, Worcester, Worcestershire WR2 4TP3
£350K06/211.59 mi14, Alton Park, Callow End, Worcester, Worcestershire WR2 4UJ3
£330K12/201.61 mi11, Charnwood Close, Worcester, Worcestershire WR2 4NZ3
£432K06/211.61 miMeadow Rise, Beauchamp Lane, Callow End, Worcester, Worcestershire WR2 4UQ3
£222.5K06/211.61 mi10, Hudson Close, Worcester, Worcestershire WR2 4DP3
£325K02/211.61 mi9, Kielder Rise, Worcester, Worcestershire WR2 4HN3

Local Rents

51 rents from £560/mo to £3.5K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,45011/240.08 miThe Drive, Powick, Worcester, WR24
£1,45002/250.26 mi-3
£2,25011/241.28 miHawthorn Lane, Newland4
£1,25006/241.48 mi-3
£1,00011/241.54 miSnowdrop Way, Rushwick2
£1,54511/241.55 miFranklin Close, Worcester4
£1,80011/241.56 miMere Close, Rushwick, Worcester, WR24
£95011/241.61 miCider Mill Close, Rushwick, Worcester, WR22
£56006/231.86 mi-2
£1,79903/251.87 mi-4
£1,19511/241.88 miSentinel Close, Worcester WR23
£89511/241.94 miCordwainers Court, Willis Place, Worcester2
£3,50002/241.95 mi-7
£3,50002/241.95 mi-7
£99511/241.96 miLeigh - Between Worcester and Malvern3
£97511/241.98 miWillis Place, WORCESTER2
£68011/242.04 miFlat 7, Cinderella Court, Watery Lane, Worcester2
£87503/252.05 mi-2
£95011/242.06 mi-3
£1,10008/242.11 mi-2
£67511/242.21 mi7 Malvern Road, Worcester, Worcestershire, WR21
£85011/242.23 miHappy Land North1
£79511/242.24 mi**New Build **One Bedroom Flat, Bromyard Road, Worcester1
£97502/242.25 mi-1
£79511/242.26 miSwanpool Walk, Worcester St. Johns, Worcester1
£99511/242.29 miBasin Road, WORCESTER2
£80011/242.29 miLockwheel House, Diglis1
£1,32511/242.29 miPrimrose Crescent, Worcester3
£1,25011/242.29 miMillwright House, Basin Road, Worcester, Worcestershire, WR5 3GR2
£92511/242.3 miYarrow Close, WORCESTER2
£99511/242.3 miBakers Mews, St Johns, Worcester St. Johns, Worcester3
£1,10011/242.3 miLockwheel House, 4 Woodhouse Close, Worcester, WR52
£1,20011/242.3 miWoodhouse Close, Worcester, Worcestershire, WR52
£1,10002/242.3 mi-4
£97502/252.32 mi-2
£85011/242.32 miBozward Street, Worcester, Worcestershire, WR22
£1,15011/242.34 miWoodhouse Close, Riverbank Court, WR52
£97502/252.36 mi-2
£97511/242.38 miBromyard Terrace, Worcester St. Johns, Worcester3
£1,45011/242.39 miCrossley Road, Worcester, Worcestershire, WR54
£92511/242.4 miApartment2
£62511/242.41 miStudio Apartments, 32-34 St. Johns, Worcester1
£85011/242.43 miLapal Close, Worcester2
£1,30011/242.44 miCrossley Road, Worcester3
£95004/252.44 mi-2
£95011/242.45 miOrchard Street, WORCESTER3
£1,15009/242.46 mi-1
£95012/242.46 mi-1
£89511/242.46 miCavalier Crescent, Worcester, Worcestershire, WR52
£1,00011/242.47 mi-3
£99511/242.47 mi-3

Local Area Statistics

Population in WR2

29,799

Population in Worcester

142,140

Town centre distance

2.94 miles away

Nearest school

0.40 miles away

Nearest train station

3.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-23%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £340,000

February 28, 2025

Listed for £350,000

January 9, 2025

Floor Plans

Description

  • Semi Detached Family Home +
  • Active Planning Permission +
  • Recently Fully Rewired +
  • Car Port, Garage and Rear Garden +
  • Three Bedrooms +
  • Powick Village Location +

Situated in the popular village of Powick, this three-bedroom semi-detached property offers convenient access to both Worcester and Malvern, making it an ideal choice for families or professionals. This home boasts a range of practical features, including a garage, driveway, and kitchen/diner, and has the added benefit of recently undergoing a full electrical rewire. Active planning permission (M/24/01060/HP) allows for a single-storey rear and side extension, as well as a dormer to the rear roof slope, offering scope for further improvement. Entering the property, an entrance hall leads to the lounge featuring a log burner (?). The kitchen/diner is well-equipped with an induction hob, double oven, and built-in appliances, including a dishwasher, washing machine, and fridge/freezer. Two cupboards within the kitchen provide potential to create a pantry. Side access from the kitchen connects to the carport and exterior of the house. The ground floor is completed by a conservatory that opens onto the rear garden. On the first floor, the landing with a storage cupboard leads to three bedrooms and a bathroom that includes both a shower and bath. The bathroom has recently undergone renovations  The home benefits from gas central heating and a practical layout, ensuring comfort and functionality. Outside, the rear garden is mainly laid to lawn, complemented by a slabbed patio area, perfect for outdoor dining or relaxing. Side access leads to the front of the property, which features a brick-paved driveway, a gravel area, and hedging. The property also includes a carport and detached garage, providing ample parking and storage solutions. Location: The Drive is situated in the sought after village of Powick, which is located in between Worcester City Centre and Malvern where you can find a range of local amenities including shops and restaurants. Powick offers a convenient village location with local Shops, Pubs and Primary School, with local walks over the popular Old Hills and Malvern Hills. Fantastic access routes into Worcester city centre and Malvern Town this property would make the perfect family home. There are bus routes to Worcester and Malvern Link as well as access to the M5 Motorway.  Rooms: Lounge - 4.88m x 4.41m (16'0" x 14'5") max Kitchen / Diner - 5.89m x 3.65m (19'3" x 11'11") max Conservatory - 2.35m x 3.12m (7'8" x 10'2") Garage - 2.79m x 4.91m (9'1" x 16'1") Stairs To First Floor Bedroom 1 - 3.89m x 4.43m (12'9" x 14'6") max Bedroom 2 - 2.97m x 3.66m (9'8" x 12'0") Bedroom 3 - 2.44m x 2.62m (8'0" x 8'7") Bathroom - 1.95m x 2.81m (6'4" x 9'2")

Agent Details

Arden Estates, Worcester

01905 672319

Next Steps?

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