2 Bed Flat, Refurb/BRRR, Kidderminster, DY10 1LW, £55,000

St. Cecilia Close, Kidderminster, DY10 1LW - 7 views - a month ago

Under Offer
Leasehold
Refurb/BRRR
ROI: 5%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£39.5K - £208K
Sold Prices/m²£1.5K/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£808/m²

Value Estimate

£55,550

 

 

End Value (After Refurb)

£144,362

Uplift in Value

+162%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£3,950

Refurb Costs

£26,987

Bridging Loan Interest

£1,444

Total Cash In

£47,881

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£144,362

Agent Fees (1%)

£1,444

Bridging Loan

£41,250

Bridging Loan Interest

£1,444

Flip Profit

£53,787

Local Sold Prices

36 sold prices from £39.5K to £208K, average is £100K. £1.5K/m² to £2.5K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£42K12/200.02 miFlat 21, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£48K04/230.02 miFlat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£46.5K10/200.02 miFlat 9, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£48.5K12/210.02 miFlat 16, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£44K12/200.02 miFlat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£40.5K03/210.02 miFlat 39, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£43.5K11/200.02 miFlat 31, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£55K04/230.02 miFlat 6, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£39.5K12/220.03 miFlat 49, Courtney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LN2
£40K08/220.03 miFlat 60, Champney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LW2
£42.5K09/210.03 miFlat 59, Champney, St Cecilia Close, Hoobrook, Kidderminster, Worcestershire DY10 1LW2
£85K05/230.27 mi96, Dunlin Drive, Kidderminster, Worcestershire DY10 4TA2
£90K05/230.52 mi49, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£95K08/230.52 mi26, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£95K02/230.52 mi63, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£145K09/220.52 mi8, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£142.5K09/220.52 mi47, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£160K09/230.52 mi9, Skylark Way, Kidderminster, Worcestershire DY10 4EN2
£208K10/200.59 mi15, Northumberland Avenue, Kidderminster, Worcestershire DY11 7AN2
£165K10/200.67 miFlat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD2
£165K10/200.67 miFlat 4, Silver Birch Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HD2
£170K09/220.71 miFlat 17, Fairways Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£175K08/220.71 miFlat 7, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£147.5K11/200.71 miFlat 11, Cypress Court, Oldnall Road, Kidderminster, Worcestershire DY10 3HN2
£105K10/200.74 mi5, Stewart Court, Kidderminster, Worcestershire DY10 1UR2
£117K11/210.84 miFlat 34, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£112K11/200.84 miFlat 30, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£110K08/220.84 miFlat 2, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£117K07/220.85 miFlat 32, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£130K02/230.86 miFlat 21, Castle Locks, Castle Road, Kidderminster, Worcestershire DY11 6DX2
£80K06/220.92 mi1, Poplar Road, Kidderminster, Worcestershire DY11 6ND2
£84.6K12/220.98 mi12a, Chaddesley Gardens, Kidderminster, Worcestershire DY10 3AJ2
£86K01/210.99 mi1, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£126K11/220.99 mi7, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£108.5K08/210.99 mi11, Somerleyton Court, Kidderminster, Worcestershire DY10 3DW2
£106K03/211 miFlat 9, Wellington Court, Sutton Road, Kidderminster, Worcestershire DY11 6QP2

Local Rents

10 rents from £695/mo to £850/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85011/240 mi-2
£85001/250 mi-2
£85001/250 mi-2
£69503/240.02 miSt Cecilia Close, Kidderminster, DY102
£85011/240.32 mi-2
£85012/240.42 miWhinchat Grove, KIDDERMINSTER2
£75012/240.44 miRobin Court, Kidderminster, DY102
£82512/240.46 miPeregrine Grove, Kidderminster, DY102
£85012/240.49 miBeauchamp Heights, Kidderminster, Worcestershire, DY112
£82504/240.5 miLinnet Rise, Kidderminster, DY102

Local Area Statistics

Population in DY10

35,493

Population in Kidderminster

74,037

Town centre distance

1.03 miles away

Nearest school

0.50 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £55,000

February 28, 2025

Floor Plans

Description

  • Excellent Investment Opportunity +
  • NO ONWARD CHAIN +
  • Convenient Location +
  • 2 Double Bedrooms +
  • Excellent Views +
  • Allocated Parking +
  • Double Glazing +
  • Book A Viewing 24/7 Via Purplebricks App/Website +

The Property
EXCELLENT INVESTMENT OPPORTUNITY — NO ONWARD CHAIN — 2 DOUBLE BEDROOM APARTMENT — EXCELLENT VIEWS — CONVENIENT LOCATION — A MUST SEE!!

*Viewing is highly recommended - Book a viewing 24/7 via the PurpleBricks app/website*

Don’t miss out on this fantastic opportunity to own this 2 bedroom apartment, nestled in a convenient cul-de-sac location in Kidderminster, and offered with NO ONWARD CHAIN!
Although in need of a little modernisation, the property benefits from far reaching elevated views of the historic viaduct, allocated parking, double glazing, secure telecom access, and fully serviced maintenance - The ideal investment property for first-time buyers and landlords alike.

Conveniently located with excellent transport links to Worcester and Birmingham, and only a short walk to the town centre and Kidderminster train station.

Property comprising: Hallway with handy cloak-store - Living room, with excellent views - kitchen, with pantry space - WC - Bathroom - And 2 well proportioned double bedrooms.

Outside: Allocated parking.

*Book a viewing 24/7 via the PurpleBricks app/website*

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 30/06/2115

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Dudley

020 3907 3618

Next Steps?

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