3 Bed Terraced House, Cash/Bridging Only, Worcester, WR2 4JN, £260,000

15 Bloomfield Road, Worcester, WR2 4JN - 5 views - 3 months ago

Sold STC
Cash
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£185K - £510K
Sold Prices/m²£1.5K/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£267,800
BMV3%

 

 

End Value (After Refurb)

£291,429

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£9,500

Refurb Costs

£36,762

Bridging Loan Interest

£6,825

Total Cash In

£119,837

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£291,429

Mortgage (After Refinance)

£218,572

Mortgage LTV

75%

Cash Released

£23,572

Cash Left In

£96,266

Equity

£72,857

Rent Range

£950 - £1,500

Rent Estimate

£1,083

Running Costs/mo

£1,147

Cashflow/mo

£-64

Cashflow/yr

£-772

Gross Yield

5%

Local Sold Prices

50 sold prices from £185K to £510K, average is £271.5K. £1.5K/m² to £4.8K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£263K10/220.02 mi14, Bloomfield Road, Worcester, Worcestershire WR2 4JN3
£235K12/210.03 mi8, Bloomfield Road, Worcester, Worcestershire WR2 4JN3
£260K11/200.03 mi44, Bloomfield Road, Worcester, Worcestershire WR2 4JN3
£195K08/210.03 mi3, Bloomfield Road, Worcester, Worcestershire WR2 4JN3
£310K02/230.03 mi44, Bloomfield Road, Worcester, Worcestershire WR2 4JN3
£220K01/210.07 mi3, Kingsbury Road, Worcester, Worcestershire WR2 4JH3
£185K10/210.07 mi22, Kingsbury Road, Worcester, Worcestershire WR2 4JH3
£425K04/230.09 mi39, Swinton Lane, Worcester, Worcestershire WR2 4JP3
£280K10/210.09 mi1, South Croft, Worcester, Worcestershire WR2 4JU3
£297.5K01/210.11 mi1, Boughton Park Close, Worcester, Worcestershire WR2 4HJ3
£363K08/230.11 mi3, Hanbury Avenue, Worcester, Worcestershire WR2 4JW3
£480K12/230.13 mi10, Earlsdon Road, Worcester, Worcestershire WR2 4PF3
£265K06/210.13 mi57, Winchester Avenue, Worcester, Worcestershire WR2 4JG3
£275K12/220.13 mi61, Winchester Avenue, Worcester, Worcestershire WR2 4JG3
£197K02/210.15 mi70, Winchester Avenue, Worcester, Worcestershire WR2 4JQ3
£510K11/220.16 mi16, Manor Road, Worcester, Worcestershire WR2 4PD3
£500K08/230.18 mi29, Hanbury Park Road, Worcester, Worcestershire WR2 4PG3
£285K01/230.19 mi31, Winchester Avenue, Worcester, Worcestershire WR2 4JF3
£350K12/200.19 mi139a, Bransford Road, Worcester, Worcestershire WR2 4EZ3
£290K06/210.19 mi27, Winchester Avenue, Worcester, Worcestershire WR2 4JF3
£228.5K05/210.19 mi29, Winchester Avenue, Worcester, Worcestershire WR2 4JF3
£340K09/230.19 mi9, Winchester Avenue, Worcester, Worcestershire WR2 4JF3
£390K02/210.2 mi204, Malvern Road, Worcester, Worcestershire WR2 4LL3
£395K03/210.2 mi19, Swinton Close, Worcester, Worcestershire WR2 4HA3
£355K06/210.2 mi5, Swinton Lane, Worcester, Worcestershire WR2 4JT3
£275K12/200.21 mi17, Boughton Street, Worcester, Worcestershire WR2 4HE3
£315K09/230.21 mi8, Winchester Avenue, Worcester, Worcestershire WR2 4JE3
£268K05/210.21 mi2, Winchester Avenue, Worcester, Worcestershire WR2 4JE3
£255K11/200.21 mi32, Winchester Avenue, Worcester, Worcestershire WR2 4JE3
£189K02/210.27 mi192, Bransford Road, Worcester, Worcestershire WR2 4EX3
£340K11/200.27 miThe Cottage, 19, Bedwardine Road, Worcester, Worcestershire WR2 4HZ3
£255K02/210.29 mi115, Bransford Road, Worcester, Worcestershire WR2 4ET3
£212K10/210.29 mi24, Middle Road, Worcester, Worcestershire WR2 4HT3
£276K05/210.31 mi60, Greathouse Road, Worcester, Worcestershire WR2 4HU3
£210K03/210.31 mi13, Greathouse Road, Worcester, Worcestershire WR2 4HU3
£220K01/240.33 mi67, Blakefield Road, Worcester, Worcestershire WR2 5DP3
£280K05/230.33 mi30, Margaret Road, St Johns, Worcester, Worcestershire WR2 4LR3
£255K12/200.33 mi18, Margaret Road, Worcester, Worcestershire WR2 4LR3
£222.5K06/210.34 mi10, Hudson Close, Worcester, Worcestershire WR2 4DP3
£190K01/210.34 mi118, Foley Road, Worcester, Worcestershire WR2 4NE3
£425K09/210.34 mi58, Foley Road, Worcester, Worcestershire WR2 4NE3
£435K08/230.34 mi94, Foley Road, Worcester, Worcestershire WR2 4NE3
£250K08/230.34 mi112, Foley Road, Worcester, Worcestershire WR2 4NE3
£253.5K09/230.34 mi53, Margaret Road, St Johns, Worcester, Worcestershire WR2 4LX3
£197K07/210.35 mi4, Abbey Close, St Johns, Worcester, Worcestershire WR2 4HR3
£335K08/230.36 mi146, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4XH3
£275K07/230.37 mi22, Claverham Close, Worcester, Worcestershire WR2 4NB3
£245K11/210.37 mi4, Claverham Close, Worcester, Worcestershire WR2 4NB3
£210K04/210.37 mi13, Claverham Close, Worcester, Worcestershire WR2 4NB3
£255K04/210.37 mi6, Claverham Close, Worcester, Worcestershire WR2 4NB3

Local Rents

12 rents from £950/mo to £1.5K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£95011/240.23 mi-3
£99511/240.47 miBakers Mews, St Johns, Worcester St. Johns, Worcester3
£1,19511/240.51 miSentinel Close, Worcester WR23
£97511/240.56 miBromyard Terrace, Worcester St. Johns, Worcester3
£95011/240.69 miHenwick Road, St Johns, Worcester3
£99511/240.76 mi-3
£1,35011/240.83 miWoodstock Road, Worcester, Worcestershire3
£1,30011/240.86 miCrossley Road, Worcester3
£1,25006/240.97 mi-3
£1,00011/241.07 mi-3
£1,50004/251.12 mi-3
£95011/241.15 miOrchard Street, WORCESTER3

Local Area Statistics

Population in WR2

29,799

Population in Worcester

142,140

Town centre distance

1.23 miles away

Nearest school

0.20 miles away

Nearest train station

1.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-23%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £260,000

February 7, 2025

Floor Plans

Description

  • Stunning open-plan kitchen with island +
  • Spacious living room with bay window +
  • Generous rear garden with decking areas +
  • Private off-road parking and detached garage +
  • Modern bathroom with full-size bath +
  • Three well-proportioned bedrooms +
  • Sought-after location with great amenities +
  • Excellent transport links to city and beyond +

A three-bedroom terraced home featuring an impressive open-plan kitchen and generous garden in the popular area of St John’s...

This charming three-bedroom mid-terrace home is nestled in the sought-after area of St John’s. The modern open-plan kitchen/dining area serves as the centrepiece, creating an ideal setting for social occasions. The bright living room, accentuated by a bay window, provides a welcoming atmosphere. Upstairs, the property offers three well-appointed bedrooms and a family bathroom.

Outside, the sizeable rear garden features a blend of decking areas and greenery, perfect for outdoor enjoyment. A driveway provides secure off-road parking, while a detached garage at the rear adds valuable storage. Situated close to local amenities, schools and excellent transport links, this home offers an opportunity for further potential in a well-located area.

• A stunning open-plan kitchen/dining area at the heart of the home, showcasing sleek cabinetry and central island.

• A sizeable rear garden featuring raised decking areas, perfect for alfresco dining.

• Private off-road parking for multiple vehicles and a practical detached garage accessible via a private lane.

• Conveniently situated, enjoying access to an array of local amenities and excellent transport links.

The kitchen / dining area
This stunning open-plan kitchen forms the heart of the home, designed for both everyday use and entertaining. The stylish kitchen is equipped with sleek cabinetry, integrated appliances and a central island with seating. The dining area is well-positioned within the space, allowing for easy interaction while cooking and dining, with ample room for a family table.

The living room
A well-proportioned reception area benefiting from a large bay window that fills the space with natural light. A charming feature fireplace serves as a focal point, adding warmth and character to the room. Offering a comfortable setting for relaxation, the room’s layout accommodates various furniture configurations, making it a perfect retreat.

The primary bedroom
A generous double bedroom positioned at the front, enhanced by a bay window that adds depth and brightness. The room provides ample storage potential while maintaining an airy feel.

Bedrooms two and three
Located at the rear, the second spacious double room overlooks the garden, offering a quiet and restful environment. Ideal as a guest suite, home office or family space. A versatile third bedroom, well-suited for a child’s room, nursery or study, effectively utilises space with room for storage and essential furnishings.

The bathroom
A contemporary and well-fitted bathroom, complete with a full-size bath, overhead shower, WC and pedestal sink. Tiled walls give a fresh and modern appearance, while a frosted window ensures privacy with natural light.

Rear garden
A versatile outdoor space featuring a combination of lawn and decking, ideal for al fresco dining, entertaining and gardening. A selection of mature plants and shrubs enhances the privacy of this rear space, with a pathway leading to additional storage areas.

The driveway and garage
Providing off-road parking for multiple vehicles, the driveway ensures convenient and secure access to the property. A practical detached garage situated behind the property with separate access via a private lane is perfect for housing tools, outdoor equipment or conversion into a workshop.

Bloomfield Road is conveniently located within easy reach of the various amenities St Johns offers. These include a diverse array of shops, eateries, a sports centre, church, and Pitmaston and Cripplegate Park. Worcester Golf and Country Club is just a few minutes away on foot, while numerous scenic walks are easily accessible nearby.

Worcester serves as a vibrant shopping destination, offering a wide range of retail outlets to suit all tastes and preferences. The city can also boast excellent educational institutions, with prestigious schools such as King’s School and the Royal Grammar School, both within walking distance of the property.

The area benefits from excellent transportation links, with numerous buses connecting directly to Worcester City centre and convenient road networks to Malvern and Hereford. Two train stations are located within the city with links to both Birmingham and London.

The property benefits from mains gas, electricity, water and drainage.

Council tax band B

Reservation Fee - refundable on exchange

A reservation fee, refundable on exchange, is payable prior to the issue of the Memorandum of Sale and after which the property may be marked as Sold Subject to Contract. The fee will be reimbursed upon the successful Exchange of Contracts.

The fee will be retained by Andrew Grant in the event that you the buyer withdraws from the purchase or does not Exchange within 6 months of the fee being received other than for one or more of the following reasons:

1. Any significant material issues highlighted in a survey that were not evident or drawn to the attention of you the buyer prior to the Memorandum of Sale being issued.
2. Serious and material defect in the seller’s legal title.
3. Local search revealing a matter that has a material adverse effect on the market value of the property that was previously undeclared and not in the public domain.
4. The vendor withdrawing the property from sale.

The reservation fee will be 0.5% of the accepted offer price for offers below £800,000 and 1% for offers of £800,000 or over. This fee, unless specified otherwise, is payable upon acceptance by the vendor of an offer from a buyer and completion of an assessment of the buyer’s financial status and ability to proceed.

Should a buyer’s financial position regarding the funding of the property prove to be fundamentally different from that declared by the buyer when the Memorandum of Sale was completed, then the Vendor has the right to withdraw from the sale and/or the reservation fee retained. For example, where the buyer declares themselves as a cash buyer but are in fact relying on an unsecured sale of their property.

Once the reservation fee has been paid, any renegotiation of the price stated in the memorandum of sale for any reason other than those covered in points 1 to 3 above will lead to the reservation fee being retained. A further fee will be levied on any subsequent reduced offer that is accepted by the vendor. This further fee will be subject to the same conditions that prevail for all reservation fees outlined above.

Agent Details

Andrew Grant, Covering the West Midlands

01905 673182

Next Steps?

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