3 Bed Semi-Detached House, Refurb/BRRR, Worcester, WR3 7HB, £270,000

260 Ombersley Road, Worcester. WR3 7HB - 3 views - 3 months ago

Sold STC
Refurb/BRRR
~93 m²
+5 photos

ValuationFair Value

Sold Prices£159K - £505K
Sold Prices/m²£2.1K/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.9K/m²

Value Estimate

£272,700

 

 

End Value (After Refurb)

£293,812

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Refurb Costs

£36,550

Bridging Loan Interest

£7,088

Total Cash In

£123,188

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£293,812

Mortgage (After Refinance)

£220,359

Mortgage LTV

75%

Cash Released

£17,859

Cash Left In

£105,329

Equity

£73,453

Rent Range

£825 - £3,000

Rent Estimate

£1,216

Running Costs/mo

£1,181

Cashflow/mo

£35

Cashflow/yr

£416

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £159K to £505K, average is £275K. £2.1K/m² to £4.8K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£355K03/210.05 mi3, Beckett Drive, Worcester, Worcestershire WR3 7BZ3
£305K11/200.07 mi294, Ombersley Road, Worcester, Worcestershire WR3 7HD3
£310K11/220.08 mi15, Eltric Road, Worcester, Worcestershire WR3 7NU3
£325K01/210.09 mi22, Eltric Road, Worcester, Worcestershire WR3 7NU3
£237K06/210.11 mi12, Elmdale Road, Worcester, Worcestershire WR3 7PA3
£295K08/210.15 mi7a, Marion Close, Worcester, Worcestershire WR3 7LP3
£311K04/210.16 mi20, Cornmeadow Lane, Worcester, Worcestershire WR3 7NY3
£445.1K03/230.16 mi16, Ogilvy Square, Worcester, Worcestershire WR3 7LU3
£437.5K08/230.16 mi39, Checketts Lane, Worcester, Worcestershire WR3 7JW3
£237K12/200.16 mi7, St Michaels Road, Worcester, Worcestershire WR3 7PD3
£220K03/210.18 mi13, Fairbairn Avenue, Worcester, Worcestershire WR3 7JH3
£349K06/210.19 mi20, The Grove, Worcester, Worcestershire WR3 7NZ3
£505K12/200.2 mi13, Beckett Road, Worcester, Worcestershire WR3 7NH3
£220K06/210.2 mi4, Gilmour Crescent, Worcester, Worcestershire WR3 7PH3
£295K11/220.2 mi32, Gilmour Crescent, Worcester, Worcestershire WR3 7PH3
£260K05/210.2 mi32, Saunders Street, Worcester, Worcestershire WR3 7ED3
£223K08/210.21 mi3, Chalfont Close, Worcester, Worcestershire WR3 7HL3
£367.5K02/210.22 mi162, Northwick Road, Worcester, Worcestershire WR3 7EG3
£352.5K11/200.22 mi164, Northwick Road, Worcester, Worcestershire WR3 7EG3
£191.8K01/210.22 mi11a, St Annes Road, Worcester, Worcestershire WR3 7PE3
£170K07/210.23 mi34, Pinkett Street, Worcester, Worcestershire WR3 7EB3
£248K07/230.23 mi7, Pinkett Street, Worcester, Worcestershire WR3 7EB3
£213.5K11/210.23 mi9, Pinkett Street, Worcester, Worcestershire WR3 7EB3
£275K09/230.24 mi39, St Annes Road, Worcester, Worcestershire WR3 7PG3
£222K11/200.24 mi31, St Annes Road, Worcester, Worcestershire WR3 7PG3
£225K11/200.24 mi44, St Annes Road, Worcester, Worcestershire WR3 7PG3
£225K03/210.24 mi52, St Annes Road, Worcester, Worcestershire WR3 7PG3
£305K11/220.25 mi42, St Annes Road, Worcester, Worcestershire WR3 7PG3
£225K11/210.26 mi86, Gilmour Crescent, Worcester, Worcestershire WR3 7PJ3
£312K12/220.26 mi49, Dorothy Crescent, Worcester, Worcestershire WR3 7DD3
£322.4K07/230.26 mi37, Dorothy Crescent, Worcester, Worcestershire WR3 7DD3
£310K04/210.26 mi13, Dorothy Crescent, Worcester, Worcestershire WR3 7DD3
£275K08/210.26 mi28, Dorothy Crescent, Worcester, Worcestershire WR3 7DD3
£260K02/230.26 mi157, Droitwich Road, Worcester, Worcestershire WR3 7JY3
£225K04/210.26 mi131, Droitwich Road, Worcester, Worcestershire WR3 7JY3
£260K06/210.26 mi10, Morrin Close, Worcester, Worcestershire WR3 7PF3
£385K11/220.28 mi8, Philip Road, Worcester, Worcestershire WR3 7HH3
£205K06/210.28 mi17, Colin Road, Worcester, Worcestershire WR3 7DE3
£257.5K01/210.28 mi9, Colin Road, Worcester, Worcestershire WR3 7DE3
£290K10/200.29 mi36, Coombs Road, Worcester, Worcestershire WR3 7JG3
£273K09/210.31 mi36, Colin Road, Worcester, Worcestershire WR3 7DB3
£159K02/210.32 mi60, Northwick Road, Worcester, Worcestershire WR3 7DT3
£225K10/200.32 mi10, Union Place, Worcester, Worcestershire WR3 7DX3
£375K10/230.32 mi6, Leslie Avenue, Worcester, Worcestershire WR3 7DF3
£350K11/230.34 mi107, Droitwich Road, Worcester, Worcestershire WR3 7JE3
£240K02/240.35 mi19, Penbury Street, Worcester, Worcestershire WR3 7JD3
£367.9K07/210.35 mi27, Penbury Street, Worcester, Worcestershire WR3 7JD3
£280K08/210.35 mi27, Whinfield Road, Worcester, Worcestershire WR3 7HF3
£305K12/200.35 mi33, Whinfield Road, Worcester, Worcestershire WR3 7HF3
£254K03/210.35 mi55, Whinfield Road, Worcester, Worcestershire WR3 7HF3

Local Rents

20 rents from £825/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,12511/240.21 miChalfont Close, Northwick, Worcester, WR33
£1,50002/250.4 mi-3
£1,20012/240.43 mi-3
£1,25011/240.79 miBarbourne Lane, Worcester3
£3,00004/250.83 mi-3
£1,10011/240.83 miSomers Road, Barbourne, Worcester, WR13
£1,30011/240.84 mi-3
£1,35004/250.84 mi-3
£1,05003/250.87 mi-3
£1,20007/230.95 mi-3
£1,20011/241.05 miMayfield Avenue, Worcester, Worcestershire, WR33
£1,79004/251.05 mi-3
£1,30011/241.09 miGregorys Mill Street, Worcester, Worcestershire, WR33
£89510/241.1 mi-3
£1,39502/251.12 mi-3
£1,35011/241.13 miHebb Street, Worcester, Worcestershire, WR13
£1,30004/251.18 mi-3
£1,25011/241.2 miRibston Close, St. Johns, Worcester, WR23
£82511/241.22 miLower Chestnut Street, Worcester, Worcestershire, WR13
£1,35011/241.23 mi-3

Local Area Statistics

Population in WR3

20,397

Population in Worcester

142,140

Town centre distance

1.98 miles away

Nearest school

0.30 miles away

Nearest train station

1.54 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £270,000

January 17, 2025

Floor Plans

Description

  • Much potential +
  • Requiring modernisation +
  • Substantial semi detached property +
  • 3 double Bedrooms +
  • Large garden +
  • Off road parking +
  • Council Tax Band D +
  • NO ONWARD CHAIN +

A fantastic chance to acquire a substantial period property inviting modernisation and offering much potential, situated in this popular North Worcester area. Accommodation briefly comprising: Entrance Hall, Sitting Room, Dining Room, Kitchen, Lobby, downstairs Bathroom and Lean To leading out to garden. Basement Level: There is a Cellar with two further Cellar spaces. To the first floor: Landing, En-Suite leading to Bedroom 1 and two double Bedrooms. Outside: To the front of the property is a gravelled area with potential to make into a larger driveway. The rear garden is a generous size with further outbuildings. LOCATION: The property is situated in North Worcester offering easy access to local schooling, major transport links and back into the City centre as well as a host of local amenities and shops. Sitting Room - 4.75m x 4m (15'7" max x 13'1") Dining Room - 3.93m x 3.35m (12'10" max x 10'11") Kitchen - 3.62m x 3.52m (11'10" x 11'6") Utility Room - 2.74m x 0.81m (8'11" x 2'7") Cloakroom - 2.45m x 1.71m (8'0" x 5'7") Bedroom 1 - 3.98m x 3.71m (13'0" x 12'2") Bedroom 2 - 4.01m x 3.35m (13'1" x 10'11") Bedroom 3 - 3.65m x 3.62m (11'11" x 11'10") Bathroom - 3.71m x 1.18m (12'2" x 3'10")

Agent Details

Allan Morris Worcester, Worcester

01905 975078

Next Steps?

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