5 Bed Detached House, Planning Permission, Worcester, WR1 3DG, £1,500,000

Britannia Square, Worcester, WR1 3DG - 2 months ago

Planning
~178 m²
+15 photos

ValuationOvervalued

Sold Prices£185K - £1.6M
Sold Prices/m²£2.3K/m² - £5.1K/m²

 

 

Square Metres

~178.28 m²
Price/m²£8.4K/m²

Value Estimate

£504,188

 

 

End Value (After Refurb)

£485,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£375,000

Stamp Duty & Legal Fees

£137,450

Refurb Costs

£70,474

Bridging Loan Interest

£39,375

Total Cash In

£624,049

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£485,500

Mortgage (After Refinance)

£364,125

Mortgage LTV

75%

Cash Left In

£624,049

Equity

£121,375

Rent Range

£825 - £3,060

Rent Estimate

£1,489

Running Costs/mo

£1,835

Cashflow/mo

£-346

Cashflow/yr

£-4,152

Gross Yield

1%

Local Sold Prices

22 sold prices from £185K to £1.6M, average is £507K. £2.3K/m² to £5.1K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£887K02/220.07 mi52a, Britannia Square, Worcester, Worcestershire WR1 3HP5
£1.6M11/220.07 mi41, Britannia Square, Worcester, Worcestershire WR1 3DN5
£490K11/230.27 mi3, Fountain Place, Worcester, Worcestershire WR1 3HW5
£750K10/220.3 mi38, Shrubbery Avenue, Worcester, Worcestershire WR1 1QH5
£550K12/230.3 mi33, Shrubbery Avenue, Worcester, Worcestershire WR1 1QN5
£845K08/210.36 mi15, St Georges Square, Worcester, Worcestershire WR1 1HX5
£845K08/210.36 mi15, St Georges Square, Worcester, Worcestershire WR1 1HX5
£514K10/220.55 mi96, Barbourne Road, Worcester, Worcestershire WR1 1SE5
£280K03/230.65 mi28, Henwick Avenue, Worcester, Worcestershire WR2 5JB5
£500K04/210.69 mi26, Droitwich Road, Worcester, Worcestershire WR3 7LH5
£465K08/230.73 mi8, Tollhouse Drive, Worcester, Worcestershire WR2 6AD5
£420K12/200.73 mi21, Crown Street, Worcester, Worcestershire WR3 8BJ5
£370K04/230.75 mi19, Greenford Gardens, Worcester, Worcestershire WR2 6HQ5
£600K05/230.77 mi22, Hallow Road, Worcester, Worcestershire WR2 6BU5
£550K08/230.82 mi4, Park View Terrace, Worcester, Worcestershire WR3 7AG5
£250K06/210.85 mi23, Rowley Hill Street, Worcester, Worcestershire WR2 5LN5
£270K08/210.86 mi50, Comer Gardens, Worcester, Worcestershire WR2 6JG5
£425K06/210.86 mi22, Mcintyre Road, Worcester, Worcestershire WR2 5LG5
£525K05/230.89 mi96, Ombersley Road, Worcester, Worcestershire WR3 7EY5
£262.5K01/230.92 mi8, Nuffield Close, Worcester, Worcestershire WR2 6JN5
£627.3K03/210.96 mi40, Beech Avenue, Worcester, Worcestershire WR3 8PY5
£185K11/230.98 mi35, Bransford Road, Worcester, Worcestershire WR2 4EW5

Local Rents

19 rents from £825/mo to £3.1K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30004/250.1 mi-3
£1,30011/240.12 miThe Tything, Worcester3
£1,20004/250.14 mi-4
£1,35011/240.15 miHebb Street, Worcester, Worcestershire, WR13
£1,30011/240.22 miGregorys Mill Street, Worcester, Worcestershire, WR33
£89510/240.24 mi-3
£3,06011/240.26 miChestnut Street, Worcester6
£1,75011/240.34 miMagdala Court, The Butts, Worcester, WR14
£1,35011/240.37 mi-3
£82511/240.37 miLower Chestnut Street, Worcester, Worcestershire, WR13
£1,05011/240.39 miLowell Street, Worcester, Worcestershire, WR14
£1,05003/250.4 mi-3
£1,10011/240.48 miSomers Road, Barbourne, Worcester, WR13
£1,25011/240.53 miBarbourne Lane, Worcester3
£1,40011/240.54 miHenwick Road, Worcester, WR24
£1,30011/240.55 mi-3
£1,35004/250.55 mi-3
£3,00004/250.59 mi-3
£1,20011/240.6 miMayfield Avenue, Worcester, Worcestershire, WR33

Local Area Statistics

Population in WR1

9,229

Population in Worcester

142,140

Town centre distance

0.79 miles away

Nearest school

0.10 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £1,500,000

February 4, 2025

Floor Plans

Description

  • A rare opportunity to acquire one of the city's most impressive houses with 4,650 sq ft of accommodation +
  • Grade II listed with classical architecture, heritage and tasteful interior design combined with the clever use of modern technology to create a fabulous home +
  • Highly prestigious conservation area setting close to Worcester's thriving City Centre and highly regarded independent schooling +
  • Doric style porch. Grand entrance hall with further inner hall. Elegant 22' x 18' drawing room with bay window and stunning fireplace +
  • Impressive formal dining room - perfect for entertaining in style. Panelled study. Beautiful hardwood orangery rebuilt in 2020. Morning room +
  • Superb kitchen with exquisite hand-built kitchen with American walnut cabinetry. Comfortable breakfast room with open fire and French window to front +
  • Five well proportioned bedrooms. Principal bedroom suite featuring spacious en suite bathroom with French window to balcony. Further bathroom and shower room +
  • Extensive and versatile cellarage incorporating laundry room, workshop and storage rooms with planning permission for conversion to residential accommodation +
  • Electronically-operated gated entrance to sweeping gravelled driveway providing extensive parking. Delightful, private, walled rear courtyard with water feature +
  • All mains services. Electric car charging point. Postcode WR1 3DG. What3words: ///supper.quiz.city +

Sophisticated city living at the heart of Worcester in a most sought after address.  This elegant Georgian detached house has been restored and maintained to a meticulous standard to create a beautiful home with space for all the family.  Boasting unrivalled kerb appeal and set behind electric gates, this unique property offers architectural splendour and stunning interiors, making it the perfect setting for entertaining in style.  The spacious accomodation is sure to impress with five grand reception rooms and five bedrooms set over two floors.  Planning permission has been granted for converting the extensive cellar to residential accommodation.  There's so much on the doorstep with all the attractions of the city centre within walking distance and the house is perfectly positioned for RGS Worcester and The King's School.  Head out for a leisurely stroll by the river or an early morning run around the racecourse.

Agent Details

Morgan Aps Sales & Lettings, Worcester

01905 917039

Next Steps?

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