4 Bed Terraced House, Cash/Bridging Only, Worcester, WR3 8ET, £230,000

Astwood Road, Worcester, WR3 8ET - 2 months ago

Cash
~138 m²
+5 photos

ValuationFair Value

Sold Prices£160K - £1.1M
Sold Prices/m²£1.6K/m² - £5.1K/m²

 

 

Square Metres

~138 m²
Price/m²£1.7K/m²

Value Estimate

£234,600

 

 

End Value (After Refurb)

£345,000

Uplift in Value

+50%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£14,800

Refurb Costs

£54,236

Bridging Loan Interest

£6,038

Total Cash In

£134,324

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£345,000

Agent Fees (1%)

£3,450

Bridging Loan

£172,500

Bridging Loan Interest

£6,038

Flip Profit

£34,726

Local Sold Prices

51 sold prices from £160K to £1.1M, average is £340K. £1.6K/m² to £5.1K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£212K10/210.03 mi15, Astwood Road, Worcester, Worcestershire WR3 8ES4
£250K06/230.07 mi23, Belmont Street, Worcester, Worcestershire WR3 8NN4
£311K11/220.13 mi80, Astwood Road, Worcester, Worcestershire WR3 8EZ4
£340K04/210.16 mi76, Astwood Road, Worcester, Worcestershire WR3 8EZ4
£370K07/230.17 mi51, Rainbow Hill, Worcester, Worcestershire WR3 8NF4
£260K07/230.17 mi63, Astwood Road, Worcester, Worcestershire WR3 8EP4
£285K11/230.22 mi81, Tunnel Hill, Worcester, Worcestershire WR4 9SD4
£316K12/220.36 mi2, Bishops Avenue, Worcester, Worcestershire WR3 8XA4
£305K10/220.43 mi53, Lansdowne Road, Worcester, Worcestershire WR1 1SP4
£215K02/210.44 mi250, Astwood Road, Worcester, Worcestershire WR3 8HD4
£275K06/230.44 mi77, Somerville Road, Worcester, Worcestershire WR4 9QG4
£275K06/230.44 mi77, Somerville Road, Worcester, Worcestershire WR4 9QG4
£182K03/210.51 mi1, Fir Way, Worcester, Worcestershire WR4 9SU4
£318K02/210.52 mi60, Shrubbery Road, Worcester, Worcestershire WR1 1QR4
£332.5K09/230.55 mi82, Shrubbery Avenue, Worcester, Worcestershire WR1 1QP4
£421K09/230.55 mi84, Shrubbery Avenue, Worcester, Worcestershire WR1 1QP4
£240K11/220.57 mi1, Ronkswood Hill, Worcester, Worcestershire WR4 9ER4
£340K10/220.58 mi55, Lion Court, Worcester, Worcestershire WR1 1UT4
£312.5K08/230.58 mi15, Lion Court, Worcester, Worcestershire WR1 1UT4
£283K09/210.59 mi20, Arboretum Road, Worcester, Worcestershire WR1 1NB4
£325K06/210.59 mi1, The Lane, Worcester, Worcestershire WR1 1AE4
£280K01/210.6 mi26, Woodland Close, Worcester, Worcestershire WR3 8HU4
£290.5K04/210.61 mi39, Sansome Place, Worcester, Worcestershire WR1 1UA4
£708K06/230.61 mi20, Shrubbery Avenue, Worcester, Worcestershire WR1 1QH4
£240K01/230.66 mi26, Calder Road, Worcester, Worcestershire WR5 1LT4
£160K02/230.69 mi261, Tolladine Road, Worcester, Worcestershire WR4 9AZ4
£700K01/210.69 mi5, St Georges Square, Worcester, Worcestershire WR1 1HX4
£362.5K02/230.7 mi16, Farm Close, Worcester, Worcestershire WR3 8HJ4
£750K11/210.7 mi8, St Georges Square, Worcester, Worcestershire WR1 1HX4
£620K04/210.74 mi60a, Beech Avenue, Worcester, Worcestershire WR3 8PY4
£630K03/230.74 mi36, Beech Avenue, Worcester, Worcestershire WR3 8PY4
£505K04/230.74 mi45, Beech Avenue, Worcester, Worcestershire WR3 8PY4
£1.1M05/230.77 mi43, Britannia Square, Worcester, Worcestershire WR1 3DN4
£710K11/220.78 mi15, Britannia Square, Worcester, Worcestershire WR1 3DG4
£905K08/230.78 mi4, Britannia Square, Worcester, Worcestershire WR1 3DG4
£260K12/200.78 mi10, Leicester Street, Worcester, Worcestershire WR1 3HU4
£675K12/200.78 mi9, Albany Terrace, Worcester, Worcestershire WR1 3DU4
£662K04/210.78 mi18, Albany Terrace, Worcester, Worcestershire WR1 3DU4
£495K04/210.79 mi41, Moor Street, Worcester, Worcestershire WR1 3DB4
£277.6K06/210.79 mi12, Coniston Close, Worcester, Worcestershire WR4 9BU4
£300K09/230.8 mi23, Elbury Park Road, Worcester, Worcestershire WR4 9BG4
£360K03/210.8 mi11, Fountain Place, Worcester, Worcestershire WR1 3HW4
£520K03/230.8 mi13, Blanquettes Avenue, Worcester, Worcestershire WR3 8DA4
£540K03/210.8 mi20, Droitwich Road, Worcester, Worcestershire WR3 7LJ4
£340K04/210.81 mi5, York Place, Worcester, Worcestershire WR1 3DR4
£818K09/230.81 mi7, Barbourne Terrace, Worcester, Worcestershire WR1 3JS4
£670K10/230.81 mi9, Barbourne Terrace, Worcester, Worcestershire WR1 3JS4
£750K01/210.84 mi22, Britannia Square, Worcester, Worcestershire WR1 3DH4
£425K10/230.85 mi16, Woodbine Road, Worcester, Worcestershire WR1 3JB4
£312K03/210.85 mi8, St Stephens Street, Worcester, Worcestershire WR3 7HS4
£422.5K09/230.85 mi4, St Stephens Street, Worcester, Worcestershire WR3 7HS4

Local Rents

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

RentDateDistanceAddressBeds 
£1,35003/240.01 mi-4
£1,35011/240.01 miAstwood Road, Worcester, WR34
£1,15011/240.08 mi-3
£1,15303/250.14 mi-3
£1,65011/240.16 miWyatt House, Worcester, WR34
£1,05010/240.24 mi-3
£2,40004/250.25 mi-3
£1,20011/240.25 miMayfield Avenue, Worcester, Worcestershire, WR33
£95011/240.33 miLilac Avenue, WORCESTER3
£82511/240.37 miLower Chestnut Street, Worcester, Worcestershire, WR13
£1,35012/240.38 mi-3
£1,05011/240.4 miLowell Street, Worcester, Worcestershire, WR14
£1,30011/240.49 mi-3
£1,35004/250.49 mi-3
£3,06011/240.49 miChestnut Street, Worcester6
£1,90003/250.51 mi-4
£89510/240.55 mi-3
£1,40011/240.57 mi-3

Local Area Statistics

Population in WR3

20,397

Population in Worcester

142,140

Town centre distance

0.94 miles away

Nearest school

0.30 miles away

Nearest train station

0.50 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £230,000

February 10, 2025

Floor Plans

Description

  • Estimated Net Rental Yield 7% +
  • Close To Worcester City Centre +
  • Shrub Hill Station - 0.5Miles +
  • Freehold +
  • Council Tax Band C +

Located close to Worcester City Centre, this well-presented four-bedroom mid-terrace offers an excellent investment opportunity. Ready to rent with an estimated net rental yield of 7%, this property is not to be missed. With strong rental demand in the area, early viewing is highly recommended.

Spread over four floors, this home offers versatile living space. The ground floor features a spacious lounge, a dining room that seamlessly leads to a convenient W.C., and a well-equipped kitchen. The first floor boasts three well-proportioned bedrooms and the main family shower room, while the second floor provides a loft space currently used as a bedroom. Completing the property is a cellar, offering valuable additional storage.

Externally, the property benefits from off-road parking and a spacious rear garden, providing ample outdoor space.

Located in the vibrant Rainbow Hill area, the area offers excellent amenities and transport links for first-time buyers. Supermarkets like Aldi, Tesco, and Sainsbury?s are nearby, while St Barnabas CofE Primary and Bishop Perowne CofE College are within walking distance. Worcester Shrub Hill Station (0.5 miles) provides easy commuting, and Sixways Stadium offers entertainment and events, making this a fantastic place to call home.

Please be aware that any systems, appliances, or services depicted in photographs have not been tested by us and are subject to a fixtures and fittings agreement with the seller.

To secure this property in accordance with our terms, a £6,000 deposit will be required, which will be deducted from the purchase price. Additionally, there is a non-refundable Reservation Fee of £450 inc VAT, which is separate from the purchase price.

All cash buyers are required to indemnify searches and surveys as outlined in our terms and conditions.

Upon acceptance of your offer, our appointed solicitor will be formally instructed to oversee the sale process on your behalf, ensuring a smooth and efficient transaction.

Agent Details

House Sales Direct, Cheadle

0161 524 8266

Next Steps?

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

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