3 Bed Semi-Detached House, Cash/Bridging Only, Worcester, WR3 8PH, £250,000

173 Bilford Road, Worcester, WR3 8PZ - a month ago

Sold STC
Cash
ROI: 3%
~86 m²
+8 photos

ValuationOvervalued

Sold Prices£132K - £375.5K
Sold Prices/m²£1.5K/m² - £3.8K/m²

 

 

Square Metres

~85.70 m²
Price/m²£2.9K/m²

Value Estimate

£225,831

 

 

End Value (After Refurb)

£235,675

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£16,200

Refurb Costs

£33,681

Bridging Loan Interest

£6,563

Total Cash In

£120,694

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£235,675

Mortgage (After Refinance)

£176,756

Mortgage LTV

75%

Cash Left In

£120,694

Equity

£58,919

Rent Range

£825 - £3,000

Rent Estimate

£1,267

Running Costs/mo

£1,010

Cashflow/mo

£257

Cashflow/yr

£3,085

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £132K to £375.5K, average is £228.5K. £1.5K/m² to £3.8K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£285K10/200.03 mi180, Bilford Road, Worcester, Worcestershire WR3 8PH3
£375.5K04/230.05 mi19, Bilford Avenue, Worcester, Worcestershire WR3 8PJ3
£330K11/220.09 mi11, Woodland Road, Worcester, Worcestershire WR3 8HH3
£230K11/200.09 mi22, Woodland Road, Worcester, Worcestershire WR3 8HH3
£200K01/240.09 mi217, Bilford Road, Worcester, Worcestershire WR3 8HL3
£260K11/210.12 mi409, Astwood Road, Worcester, Worcestershire WR3 8HB3
£290K03/230.12 mi399, Astwood Road, Worcester, Worcestershire WR3 8HB3
£260K03/210.17 mi44, Kingston Avenue, Worcester, Worcestershire WR3 8PW3
£315K09/230.17 mi18, Kingston Avenue, Worcester, Worcestershire WR3 8PW3
£212.5K03/210.18 mi12a, Farm Close, Worcester, Worcestershire WR3 8HJ3
£360K04/230.19 mi30, Field Road, Worcester, Worcestershire WR3 8QS3
£285K12/220.21 mi370, Astwood Road, Worcester, Worcestershire WR3 8HF3
£285K11/220.21 mi344, Astwood Road, Worcester, Worcestershire WR3 8HF3
£301.5K11/220.21 mi29, Kingston Avenue, Worcester, Worcestershire WR3 8PN3
£275K03/210.24 mi132, Kingston Avenue, Worcester, Worcestershire WR3 8PP3
£206K07/210.24 mi17, Field Close, Worcester, Worcestershire WR3 8QU3
£254K11/220.27 mi308, Astwood Road, Worcester, Worcestershire WR3 8HD3
£230K01/210.29 mi40, Drovers Way, Worcester, Worcestershire WR3 8QD3
£220K03/230.31 mi3, Fir Way, Worcester, Worcestershire WR4 9SU3
£265K09/230.32 mi56, Longfellow Road, Worcester, Worcestershire WR3 8DH3
£181K03/210.32 mi29, Blackpole Road, Worcester, Worcestershire WR4 9SX3
£257K06/230.32 mi94, Blackpole Road, Worcester, Worcestershire WR4 9ST3
£230K08/210.34 mi4, Kipling Close, Worcester, Worcestershire WR3 8DR3
£245K02/210.34 mi5, Kipling Close, Worcester, Worcestershire WR3 8DR3
£190K05/210.36 mi17, Blackthorn Road, Worcester, Worcestershire WR4 9TD3
£175K01/210.36 mi8, Blackpole Road, Worcester, Worcestershire WR4 9SS3
£160K04/210.36 mi14, Blackpole Road, Worcester, Worcestershire WR4 9SS3
£150K03/210.39 mi20, Thorn Avenue, Worcester, Worcestershire WR4 9TE3
£175K05/230.39 mi31, Thorn Avenue, Worcester, Worcestershire WR4 9TE3
£188K11/200.39 mi17, Lime Avenue, Worcester, Worcestershire WR4 9TF3
£195K08/230.4 mi200, Astwood Road, Worcester, Worcestershire WR3 8HA3
£215K05/230.4 mi220, Astwood Road, Worcester, Worcestershire WR3 8HA3
£220K05/210.42 mi13, Keats Avenue, Worcester, Worcestershire WR3 8DU3
£220K04/230.42 mi2, Salters Close, Worcester, Worcestershire WR4 9XT3
£187.5K03/210.43 mi19, Green Lane, Worcester, Worcestershire WR3 8NY3
£290K06/210.44 mi67, Blanquettes Avenue, Worcester, Worcestershire WR3 8DG3
£230K03/210.44 mi61, Blanquettes Avenue, Worcester, Worcestershire WR3 8DG3
£160.5K08/210.44 mi74, Green Lane, Worcester, Worcestershire WR3 8NZ3
£205K07/230.44 mi70, Green Lane, Worcester, Worcestershire WR3 8NZ3
£150K05/210.45 mi22, Oak Avenue, Worcester, Worcestershire WR4 9UG3
£210K06/210.45 mi16, Drapers Close, Worcester, Worcestershire WR4 9XU3
£247K09/230.45 mi5, Drapers Close, Worcester, Worcestershire WR4 9XU3
£186K11/210.46 mi36, Amberley Close, Worcester, Worcestershire WR4 9XB3
£227K10/200.46 mi10, Church Road, Worcester, Worcestershire WR3 8NX3
£260K10/220.47 mi35, Longfellow Road, Worcester, Worcestershire WR3 8DY3
£220K04/210.47 mi1, Vintners Close, Worcester, Worcestershire WR4 9XZ3
£230K12/220.47 mi14, Cedar Avenue, Worcester, Worcestershire WR4 9UD3
£275K05/230.48 mi54, Church Road, Worcester, Worcestershire WR3 8NU3
£225K01/230.49 mi16, Turners Close, Worcester, Worcestershire WR4 9YX3
£132K03/210.49 mi14, Cedar Avenue, Worcester, Worcestershire WR4 9UD3

Local Rents

25 rents from £825/mo to £3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20007/230.11 mi-3
£2,40004/250.41 mi-3
£1,20011/240.61 miMayfield Avenue, Worcester, Worcestershire, WR33
£1,30011/240.63 mi-3
£1,35004/250.63 mi-3
£1,15011/240.64 mi-3
£1,15303/250.68 mi-3
£1,05010/240.71 mi-3
£1,12511/240.76 miChalfont Close, Northwick, Worcester, WR33
£82511/240.87 miLower Chestnut Street, Worcester, Worcestershire, WR13
£1,35012/240.89 mi-3
£1,05003/250.91 mi-3
£95011/240.92 miLilac Avenue, WORCESTER3
£89510/240.93 mi-3
£1,25011/240.99 miBarbourne Lane, Worcester3
£1,10011/241 miSomers Road, Barbourne, Worcester, WR13
£1,20002/251.05 mi-3
£1,30004/251.07 mi-3
£1,50002/251.09 mi-3
£1,35011/241.09 miHebb Street, Worcester, Worcestershire, WR13
£1,30011/241.12 miGregorys Mill Street, Worcester, Worcestershire, WR33
£3,00004/251.12 mi-3
£1,40011/241.12 mi-3
£1,30011/241.16 miThe Tything, Worcester3
£1,20012/241.23 mi-3

Local Area Statistics

Population in WR3

20,397

Population in Worcester

142,140

Town centre distance

1.58 miles away

Nearest school

0.10 miles away

Nearest train station

1.15 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £250,000

February 27, 2025

Floor Plans

Description

  • Spacious renovation opportunity in Worcester +
  • Large garden with patio +
  • Well-proportioned rooms ready for transformation +
  • Integral garage with house access +
  • Private gated driveway with ample parking +
  • Bright living room with garden access +
  • Versatile bedrooms with modernisation potential +

A renovation opportunity in Worcester, offering spacious interiors and a large garden. Ideal for those looking to modernise and add value…

• Generous garden with a patio, lawn, greenhouse, and summerhouse, offering scope for improvement.

• Well-proportioned living spaces, ready for reconfiguration and transformation.

• Wonderfully cosy summerhouse at the end of the garden.

• Integral garage with direct access to the house and a cloakroom.

• Private gated driveway providing ample parking.

The living room
A well-sized space with large sliding doors opening directly onto the garden, floods the room with light and creates a natural indoor-outdoor connection. With modernisation, this could become a stylish and inviting retreat.

The dining room
Another spacious reception room, the dining area features a bow window to the front. This well-lit space could be redesigned into a stylish setting for meals and gatherings.

The kitchen
While functional, the kitchen would benefit from a complete renovation. Knocked through into the living room, it could create a contemporary open-plan kitchen/living space.

The primary bedroom
The generously sized main bedroom has ample natural light and storage potential. Situated at the rear of the house, it enjoys lovely views of the garden.

Bedrooms two and three
Both additional bedrooms offer versatility and would benefit from modernisation. Ideal for use as a study, nursery or playroom.

The bathroom
The bathroom includes a walk-in bath, a sink and a W.C. With an update, it could be transformed into a stylish and functional family bathroom.

The garden
A standout feature of the property, the expansive garden includes a patio, lawn, greenhouse, and summerhouse. It offers great potential for landscaping and enhancement.

The summerhouse
The summerhouse sits at the end of the garden and offers a wonderfully cosy and relaxing place to relax away from the main living areas. It gets drenched in sun and has three walls of windows with blinds fitted.

Situated in the well-regarded Worcester area, this home enjoys a convenient location with access to local amenities. Worcester city centre is within easy reach, providing a variety of shops, dining and entertainment options. The area is home to good schools, making it a practical choice for families. Transport links are reliable, with easy access to the M5 motorway and Worcester Foregate Street railway station, offering connections to Birmingham and London. Local bus services provide additional commuting options. Nearby parks and recreational facilities contribute to the area’s appeal, offering opportunities for outdoor activities.

This property benefits from mains gas, electric and water.

Council tax band C

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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