3 Bed Semi-Detached House, Refurb/BRRR, Worcester, WR5 1QQ, £150,000

AUCTION - Devon Road, Worcester, WR5 1QQ - 2 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 3%
~93 m²
+18 photos

ValuationUndervalued

Sold Prices£115K - £514K
Sold Prices/m²£1.1K/m² - £5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£154,500
BMV3%

 

 

End Value (After Refurb)

£263,732

Uplift in Value

+76%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£36,762

Bridging Loan Interest

£3,938

Total Cash In

£85,650

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£263,732

Agent Fees (1%)

£2,637

Bridging Loan

£112,500

Bridging Loan Interest

£3,938

Flip Profit

£62,945

Local Sold Prices

49 sold prices from £115K to £514K, average is £240K. £1.1K/m² to £5K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£231.5K06/210.03 mi64, Prestwich Avenue, Worcester, Worcestershire WR5 1QF3
£190.3K11/200.03 mi51, Prestwich Avenue, Worcester, Worcestershire WR5 1QF3
£277K02/210.05 mi12, Devon Road, Worcester, Worcestershire WR5 1QQ3
£270K05/210.05 mi9, Devon Road, Worcester, Worcestershire WR5 1QQ3
£115K02/210.08 mi59, Liverpool Road, Worcester, Worcestershire WR5 1QH3
£360K06/210.12 mi8, Prestwich Avenue, Worcester, Worcestershire WR5 1QE3
£125K05/210.13 mi133, Liverpool Road, Worcester, Worcestershire WR5 1QJ3
£196.5K03/210.13 mi14, Liverpool Road, Worcester, Worcestershire WR5 1QW3
£435K08/230.17 mi52, Mortlake Avenue, Worcester, Worcestershire WR5 1QB3
£250K05/230.18 mi1, Chester Close, Worcester, Worcestershire WR5 1QZ3
£235K11/200.21 mi12, Mortlake Avenue, Worcester, Worcestershire WR5 1QD3
£285K02/240.21 mi13, Mortlake Avenue, Worcester, Worcestershire WR5 1QD3
£285K08/230.21 mi1, Mortlake Avenue, Worcester, Worcestershire WR5 1QD3
£203K01/210.21 mi10, Truro Gardens, Worcester, Worcestershire WR5 1RY3
£225K02/210.21 mi15, Truro Gardens, Worcester, Worcestershire WR5 1RY3
£270K04/240.21 mi59, Chelmsford Drive, Worcester, Worcestershire WR5 1QX3
£202K06/210.24 mi98, Canterbury Road, Worcester, Worcestershire WR5 1PL3
£435K03/210.25 mi65, Hillery Road, Worcester, Worcestershire WR5 1RF3
£265K10/230.25 mi6, Perrywood Close, Worcester, Worcestershire WR5 1EJ3
£155K08/210.31 mi45, Norwich Road, Worcester, Worcestershire WR5 1NY3
£183K01/210.32 mi121, Canterbury Road, Worcester, Worcestershire WR5 1PD3
£207K12/200.32 mi3, Lark Hill Road, Worcester, Worcestershire WR5 2EF3
£143K10/200.32 mi172, Canterbury Road, Worcester, Worcestershire WR5 1PH3
£240K12/230.33 mi40, Norwich Road, Worcester, Worcestershire WR5 1NX3
£300K07/230.33 mi16, Tyne Close, Worcester, Worcestershire WR5 1SE3
£186K03/210.34 mi31, Canterbury Road, Worcester, Worcestershire WR5 1NU3
£212K11/210.34 mi4, Peterborough Close, Worcester, Worcestershire WR5 1PW3
£248K10/230.34 mi26, Peterborough Close, Worcester, Worcestershire WR5 1PW3
£161K09/210.35 mi34, Carlisle Road, Worcester, Worcestershire WR5 1HX3
£235K07/240.35 mi16, Tweed Close, Worcester, Worcestershire WR5 1SD3
£288K08/240.36 mi184, London Road, Worcester, Worcestershire WR5 2JT3
£244K11/200.36 mi194, London Road, Worcester, Worcestershire WR5 2JT3
£300K07/240.36 mi13, Massey Drive, Worcester, Worcestershire WR5 1TN3
£250K06/230.37 mi68, Humber Road, Worcester, Worcestershire WR5 1LH3
£235K03/210.37 mi174, London Road, Worcester, Worcestershire WR5 2EJ3
£290K08/230.37 mi31, Spetchley Road, Worcester, Worcestershire WR5 2LP3
£250K02/230.37 mi33, Spetchley Road, Worcester, Worcestershire WR5 2LP3
£235K01/230.41 mi3, Windrush Close, Worcester, Worcestershire WR5 1JZ3
£244K12/200.41 mi10, Foxwell Street, Red Hill, Worcester, Worcestershire WR5 2EP3
£260K04/240.41 mi114, Medway Road, Ronkswood, Worcester, Worcestershire WR5 1LN3
£262K05/230.42 mi39, Livingstone Street, Worcester, Worcestershire WR5 2ES3
£514K03/210.42 mi2a, Cromwell Crescent, Worcester, Worcestershire WR5 2JW3
£208K05/210.44 mi1, Helford Close, Worcester, Worcestershire WR5 1NB3
£240K01/230.44 mi11, Helford Close, Worcester, Worcestershire WR5 1NB3
£185K10/210.45 mi11, Trent Road, Worcester, Worcestershire WR5 1LA3
£135.5K11/200.45 mi108, Carlisle Road, Worcester, Worcestershire WR5 1HZ3
£205K05/230.45 mi88, Carlisle Road, Worcester, Worcestershire WR5 1HZ3
£375K03/210.45 mi100, Spetchley Road, Worcester, Worcestershire WR5 2NL3
£264.5K01/230.45 mi108a, Spetchley Road, Worcester, Worcestershire WR5 2NL3

Local Rents

15 rents from £1K/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20002/240.16 mi-3
£1,39503/250.16 mi-3
£1,40003/250.33 mi-3
£1,45012/240.33 mi-3
£1,32507/240.38 mi-3
£1,35002/250.44 mi-3
£1,35011/240.46 mi-3
£1,20003/250.46 mi-3
£1,25011/240.47 mi-3
£1,25006/240.47 mi-3
£1,00002/240.47 mi-3
£1,35004/240.48 mi-3
£1,20001/250.49 mi-3
£1,50010/240.58 mi-3
£1,09502/240.62 mi-3

Local Area Statistics

Population in WR5

30,933

Population in Worcester

142,140

Town centre distance

0.85 miles away

Nearest school

0.10 miles away

Nearest train station

0.78 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £150,000

February 11, 2025

Floor Plans

Description

  • For sale by TRADITIONAL AUCTION +
  • Auction held at The Graeme Hick Pavilion, Worcestershire County Cricket Club, New Road, Worcester, WR2 4RL +
  • Auction start time: 14:00 +
  • To complete Wednesday 30th April 2025 or sooner by mutual agreement +
  • Semi detached home +
  • Three bedrooms +

For sale by auction held at The Graeme Hick Pavilion, Worcestershire County Cricket Club, New Road, Worcester, WR2 4RL. Wednesday 5th March Auction start time: 14:00. Posiotned in te popular location of Nunnery Wood is this three bedroom semi detached home requiring modernisation. The property offers the potential to extend subject to obtaining the relevant permissions. The accomodation comprises, hallway, sitting room, kitchen and ground floor shower room. First floor landing and three bedrooms. BUYER’S PREMIUM Please be aware all purchasers are subject to a 1.5% + VAT (1.8% inc VAT) min fee of £3000 + VAT (£3600 inc VAT) buyer's premium which is ALWAYS payable upon exchange of contracts whether the sale is concluded before, during or after the auction date. GUIDE PRICE The guide price is an estimate of the seller's minimum acceptable price at auction. It helps potential buyers decide whether to pursue a purchase. Typically, a provisional reserve price range is agreed upon between the seller and auctioneer at the start of marketing. Since the reserve price isn't fixed and can be adjusted up until the auction day, the guide price is issued. It may be presented as a price range or a single figure within 10% of the final reserve price. The guide price is different from the reserve price and can change up to the auction day. RESERVE PRICE The reserve price is the minimum amount the seller is willing to accept at auction. It is confidential between the seller and auctioneer and represents the lowest price at which the property can be sold. Like the guide price, the reserve price can be adjusted up until the auction day. REGISTRATION PROCESS The registration process is extremely simple – visit the Hills website and click on the “Register to Bid” button at the top of the home page. Please note this function is not available on Rightmove or On The Market. Stage 1 – Complete the Online Bidding Form Stage 2 – Upload your certified ID Stage 3 – Register your Solicitors Stage 4 – Invitation to Bid Stage 5 – Pay your security deposit (£5000) You are now ready to bid! If your bid is successful, the balance of the deposit monies must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction your holding deposit will be returned within 48 hours. SURVEYS AND VALUATIONS If you would like to arrange a survey or mortgage valuation of this Lot BEFORE the auction, please instruct your appointed surveyor to contact Hills and we will arrange access for them to inspect the property. Please note that buyers CANNOT attend the surveys and the surveyors are responsible for collecting and returning keys to the Hills office in Worcester City Centre. AUCTION FINANCE & BRIDGING LOANS Some properties may require specialist auction finance- please contact Hills for access to expert advice and whole of market rates from our independent brokers. AUCTION PROPERTY DETAILS DISCLAIMER Hills Estate Agents endeavor to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All Hills references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.

Agent Details

Hills Estate Agents, Worcester

01905 975042

Next Steps?

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