3 Bed Semi-Detached House, Refurb/BRRR, Worcester, WR2 6JT, £170,000

Cash Buyers - Oldbury Road, Worcester, Worcestershire, WR2 6JT - 36 views - 3 months ago

Sold STC
Cash
Refurb/BRRR
Planning
ROI: 2%
~93 m²
+9 photos

ValuationFair Value

Sold Prices£150K - £330K
Sold Prices/m²£1.4K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£171,700

 

 

End Value (After Refurb)

£263,500

Uplift in Value

+55%

Investment Opportunity











Local Sold Prices

51 sold prices from £150K to £330K, average is £242.5K. £1.4K/m² to £4.3K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£242.5K05/230.03 mi229, Oldbury Road, Worcester, Worcestershire WR2 6JT3
£200K11/200.07 mi49, Hawkins Close, Worcester, Worcestershire WR2 5QZ3
£175K04/230.07 mi51, Hawkins Close, Worcester, Worcestershire WR2 5QZ3
£225K10/230.07 mi6, Hawkins Close, Worcester, Worcestershire WR2 5QZ3
£215K09/230.08 mi199, Tudor Way, Worcester, Worcestershire WR2 5QY3
£152.5K04/210.08 mi293, Oldbury Road, Worcester, Worcestershire WR2 6JS3
£245K01/230.1 mi31, Howard Road, Worcester, Worcestershire WR2 5RB3
£225K01/230.12 mi13, Dudley Close, Worcester, Worcestershire WR2 5RY3
£195K01/240.15 mi137, Tudor Way, Worcester, Worcestershire WR2 5QX3
£255K02/230.18 mi10, Ambrose Close, Worcester, Worcestershire WR2 6JX3
£235K08/210.21 mi38, Ambrose Close, Worcester, Worcestershire WR2 6JX3
£168K01/210.24 mi22, Burleigh Road, Worcester, Worcestershire WR2 5QT3
£225K12/220.25 mi209, Oldbury Road, Worcester, Worcestershire WR2 6JJ3
£240K04/230.29 mi52, Brookside Road, Worcester, Worcestershire WR2 5PS3
£257K02/230.37 mi8, Newbury Road, Worcester, Worcestershire WR2 5JF3
£272.5K04/210.38 mi31, Solitaire Avenue, Worcester, Worcestershire WR2 5PP3
£225K02/210.39 mi62, Penhill Crescent, Worcester, Worcestershire WR2 5PX3
£175K09/210.41 mi38, Essex Close, Worcester, Worcestershire WR2 5RW3
£245K05/210.42 mi2, Hopyard Coppice Avenue, Worcester, Worcestershire WR2 5GL3
£160K12/200.42 mi12, Raleigh Close, Worcester, Worcestershire WR2 5RJ3
£221K05/230.42 mi34, Raleigh Close, Worcester, Worcestershire WR2 5RJ3
£245K01/240.42 mi83, Hawkwood Crescent, Worcester, Worcestershire WR2 6BP3
£187.5K08/210.43 mi40, Hawkwood Crescent, Worcester, Worcestershire WR2 6BN3
£150K11/210.44 mi98, Drake Avenue, Worcester, Worcestershire WR2 5RR3
£279.5K01/230.44 mi19, Hurdman Road, Worcester, Worcestershire WR2 5GJ3
£270K03/230.45 mi1, Nuffield Close, Worcester, Worcestershire WR2 6JN3
£207.5K08/230.47 mi36, Drake Avenue, Worcester, Worcestershire WR2 5RH3
£265K01/210.48 mi170, Penhill Crescent, Worcester, Worcestershire WR2 5PZ3
£295K01/210.48 mi152, Penhill Crescent, Worcester, Worcestershire WR2 5PZ3
£295K05/230.48 mi150, Penhill Crescent, Worcester, Worcestershire WR2 5PZ3
£285K07/230.48 mi10, Lodge Close, Worcester, Worcestershire WR2 6JL3
£170K11/200.48 mi53, Drake Avenue, Worcester, Worcestershire WR2 5RH3
£311K02/230.49 mi148, Penhill Crescent, Worcester, Worcestershire WR2 5PZ3
£185K08/230.5 mi61, Drake Avenue, Worcester, Worcestershire WR2 5RP3
£245K10/210.52 mi3, Andrew Close, Worcester, Worcestershire WR2 6JQ3
£256K09/210.53 mi52, Greenacres Road, Worcester, Worcestershire WR2 5EZ3
£260K05/210.55 mi52, Woodstock Road, Worcester, Worcestershire WR2 5NE3
£177K11/200.56 mi27, Harrington Road, Worcester, Worcestershire WR2 5HD3
£270K03/230.58 mi53, Blenheim Road, Worcester, Worcestershire WR2 5NQ3
£293K01/210.59 mi52, Blenheim Road, Worcester, Worcestershire WR2 5NG3
£196K04/210.6 mi47, Sanctuary Close, Worcester, Worcestershire WR2 5PY3
£255K05/230.61 mi33, Stainburn Avenue, Worcester, Worcestershire WR2 5HF3
£225K02/230.62 mi13, Stainburn Avenue, Worcester, Worcestershire WR2 5HF3
£250K10/230.62 mi3, Hampton Close, Worcester, Worcestershire WR2 5LX3
£250K10/230.62 mi3, Hampton Close, Worcester, Worcestershire WR2 5LX3
£282.5K08/230.63 mi102, Broadway Grove, Worcester, Worcestershire WR2 5EY3
£178K02/240.63 mi74, Broadway Grove, Worcester, Worcestershire WR2 5EY3
£285K07/210.64 mi4, Fieldhead Close, Worcester, Worcestershire WR2 5UD3
£273K01/230.64 mi10, Stainburn Avenue, Worcester, Worcestershire WR2 5HQ3
£196K11/210.66 mi23, Broadway Grove, Worcester, Worcestershire WR2 5EX3
£330K06/210.66 mi33, Fern Road, Worcester, Worcestershire WR2 6HJ3













Local Area Statistics

Population in WR2

29,799

Population in Worcester

142,140

Town centre distance

1.85 miles away

Nearest school

0.50 miles away

Nearest train station

1.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-23%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £170,000

January 23, 2025

Floor Plans

Description

  • Cash Buyers Only +
  • Good Size Three (3) Bedroom Semi-Detached House +
  • Unitroy System Construction +
  • In need of Modernisation +
  • Garage and Driveway +
  • Fitted Kitchen +
  • Toilet and Bathroom +
  • Spacious Garden with Shed +
  • Ideal for Family Living +

A Unique Opportunity with Great Potential! - Cash Buyer Only

This 3-bedroom property, constructed using the Unitroy system construction, is perfect for buyers seeking an affordable project or investment opportunity.

Key Features:

Three Bedrooms – Plenty of space for family or tenants. Spacious Living Area – Ideal for redesigning to suit your needs. Generous Garden – Perfect for outdoor living or landscaping projects.

Why Choose This Property? With renovation, this home offers great potential for value-adding improvements. Whether you’re an investor looking for a project to add value and rent out to a family for a higher-than-average gross yield, or a cash buyer looking for a good-sized property to make a family home from a lower outlay, this could be the perfect match.

Properties of this style offer larger room sizes than many modern properties and are set on large plots. This semi-detached home comprises three bedrooms, a spacious living area, and a generous garden, ideal for buyers seeking an affordable opportunity to add value.

Important Note: This property is constructed using the Unitroy system construction and offers great potential for a project or investment. Please be aware that due to the construction type, this property is unlikely to qualify for a mortgage, so it is being marketed for cash buyers only.

Rent Potential

Depending on level of renovation, a family let could achieve a rent of £1200pcm Please note that this area of Worcester is restricted by Article 4 so planning permission would be required for conversion to a student let and the decision would depend on the specific density of other HMOs (houses of multiple occupancy) in the immediate vicinity.

Contact Us Today!

Don’t miss out—call us now for more details or to arrange a viewing!

Agent Details

Platinum Property Agents, Worcestershire

01905 975315

Next Steps?

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