6 Bed Detached House, Refurb/BRRR, Worcester, WR6 6LR, £750,000

Bank Road Little Witley, Worcestershire, WR6 6LR - a month ago

Refurb/BRRR

~186 m²

+14 photos

ValuationOvervalued

Sold Prices	£305K - £820K
Sold Prices/m²	£1.7K/m² - £5.4K/m²

Square Metres	~186 m²
Price/m²	£4K/m²
Value Estimate	£665,871£665,871

End Value (After Refurb)	£626,875£626,875

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£187,500£187,500
Stamp Duty & Legal Fees	£48,700£48,700
Refurb Costs	£73,200£73,200
Bridging Loan Interest	£19,688£19,688
Total Cash In	£330,838£330,838

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£626,875£626,875
Mortgage (After Refinance)	£470,156£470,156
Mortgage LTV	75%75%
Cash Left In	£330,838£330,838
Equity	£156,719£156,719
Rent Range	£850 - £2,500£850 - £2,500
Rent Estimate	£1,235
Running Costs/mo	£2,226£2,226
Cashflow/mo	£-991£-991
Cashflow/yr	£-11,892£-11,892
Gross Yield	2%2%

Local Sold Prices

16 sold prices from £305K to £820K, average is £516.8K. £1.7K/m² to £5.4K/m², average is £3.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£550K	03/21	0.01 mi	Main Barn, Bank Road, Little Witley, Worcester, Worcestershire WR6 6LR	£2,880	191	4	Semi-Detached House
£587.5K	12/21	0.58 mi	Poachers Barn, Well Lane, Little Witley, Worcester, Worcestershire WR6 6LN	£4,052	145	4	Terraced House
£658.2K	09/21	0.72 mi	Cherry Orchard, Well Lane, Little Witley, Worcester, Worcestershire WR6 6LN	-	-	4	Detached House
£445K	11/20	1.3 mi	Heathview Barn, Hillhampton, Great Witley, Worcester, Worcestershire WR6 6JU	£3,708	120	4	Terraced House
£508.5K	11/22	1.62 mi	Quadrant Cottage, Structons Heath, Great Witley, Worcester, Worcestershire WR6 6JA	-	-	4	Detached House
£525K	11/20	1.66 mi	Little Rowe, Ockeridge Lane, Holt Heath, Worcester, Worcestershire WR6 6LY	£2,574	204	4	Detached House
£725K	05/23	2.07 mi	Robins Croft, Worcester Road, Great Witley, Worcester, Worcestershire WR6 6HR	£5,374	135	4	Detached House
£355K	05/21	2.48 mi	1, Stanford Road, Great Witley, Worcester, Worcestershire WR6 6HT	£3,944	90	4	Semi-Detached House
£428K	12/20	2.55 mi	6, Woodbury Park, Holt Heath, Worcester, Worcestershire WR6 6NT	£1,665	257	4	Detached House
£495K	03/21	2.66 mi	Baytree Cottage, Worcester Road, Great Witley, Worcester, Worcestershire WR6 6HX	£3,580	138	4	Detached House
£365K	08/23	2.67 mi	39, St Peters Drive, Martley, Worcester, Worcestershire WR6 6QZ	-	-	4	Detached House
£305K	12/20	2.72 mi	2a, Hollins Lane, Martley, Worcester, Worcestershire WR6 6PH	£2,480	123	4	Detached House
£820K	10/22	2.84 mi	Granary Cottage, The Kedges, Wichenford, Worcester, Worcestershire WR6 6YE	-	-	4	Detached House
£745K	03/21	2.94 mi	Granary Cottage, The Kedges, Wichenford, Worcester, Worcestershire WR6 6YE	-	-	4	Detached House
£650K	12/23	3 mi	Ashfield, Sinton Green, Hallow, Worcester, Worcestershire WR2 6NW	£4,106	158	4	Detached House
£480K	03/21	3 mi	Moorcroft Barn, Sinton Green, Hallow, Worcester, Worcestershire WR2 6NW	£3,380	142	4	Detached House

Local Rents

7 rents from £850/mo to £2.5K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£850	11/24	1.3 mi	Hillhampton, Great Witley	1	Flat
£895	11/24	1.49 mi	Hillside, Martley	2	Flat
£2,500	11/24	1.74 mi	Near Great Witley	5	Detached House
£1,100	11/24	2.32 mi	Old Hundred House Mews, Great Witley, WORCESTER	2	Flat
£1,100	11/24	2.34 mi	Worcester Road, Great Witley, WORCESTER	2	Flat
£1,100	11/24	2.34 mi	Worcester Road, Great Witley, WORCESTER	2	Flat
£1,100	11/24	2.34 mi	Worcester Road, Great Witley, WORCESTER	2	Flat

Local Area Statistics

Population in WR6	12,21412,214
Population in Worcester	142,140142,140
Town centre distance	7.28 miles away7.28 miles away
Nearest school	1.90 miles away1.90 miles away
Nearest train station	6.52 miles away6.52 miles away

Rental growth (12m)	+35%+35%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+38%+38%

Property History

Listed for £750,000

February 28, 2025

Floor Plans

Description

Detached family home +
Six bedrooms +
Four reception rooms +
Farmhouse kitchen with Aga and pantry +
Modernisation potential +
Large private driveway +
Circa one acre plot +
Outbuildings and greenhouses +
Outdoor swimming pool +
Countryside setting +

* OPEN HOUSE EVENT *
SATURDAY 15th MARCH from 2pm until 4pm - please contact the Droitwich office to book your viewing slot.

Pickernells is a substantial family home which is being marketed for the first time having been in the same family since it was built. Sitting in a large plot of circa one acre this six-bedroom property has extensive gardens, a range of outbuildings and greenhouses and a large private driveway. With some modernisation Pickernells could be transformed into a stunning residence.

Freehold. EPC Rating E. Council Tax Band E.

Utilities: Mains electricity and water. LPG gas central heating. Private drainage via a septic tank.
Services: Superfast broadband and 4G mobile coverage available in the area – please check with your local provider.
Parking: Driveway parking for 4 vehicles.
Construction: Standard.

Agent Details

Fine & Country, Droitwich

01905 975080

Next Steps?

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