3 Bed Detached House, Refurb/BRRR, Kidderminster, DY10 1XJ, £350,000

Chester Road South, Kidderminster, Worcestershire, DY10 1XJ - 1 views - 2 months ago

Auction
Refurb/BRRR
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£105K - £391K
Sold Prices/m²£1.3K/m² - £3.7K/m²

 

 

Square Metres

~93 m²
Price/m²£3.8K/m²

Value Estimate

£253,131

 

 

End Value (After Refurb)

£277,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£36,849

Bridging Loan Interest

£9,188

Total Cash In

£157,987

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£277,750

Mortgage (After Refinance)

£208,313

Mortgage LTV

75%

Cash Left In

£157,987

Equity

£69,438

Rent Range

£750 - £1,400

Rent Estimate

£958

Running Costs/mo

£1,080

Cashflow/mo

£-122

Cashflow/yr

£-1,459

Gross Yield

3%

Local Sold Prices

50 sold prices from £105K to £391K, average is £222.5K. £1.3K/m² to £3.7K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£255K08/230.01 mi36, Chester Road South, Kidderminster, Worcestershire DY10 1XJ3
£265K03/210.01 mi40, Chester Road South, Kidderminster, Worcestershire DY10 1XJ3
£215K10/220.12 mi156, Hoo Road, Kidderminster, Worcestershire DY10 1LP3
£270.5K01/210.17 mi41, Forester Way, Kidderminster, Worcestershire DY10 1NT3
£220K07/210.18 mi7, Yeoman Close, Kidderminster, Worcestershire DY10 1NU3
£230K07/210.18 mi39, Kent Close, Kidderminster, Worcestershire DY10 1NS3
£120K04/210.23 mi52, Ludlow Road, Kidderminster, Worcestershire DY10 1NW3
£225K09/230.25 mi11, St Peters Close, Kidderminster, Worcestershire DY10 1JX3
£177K09/210.25 mi17, St Peters Close, Kidderminster, Worcestershire DY10 1JX3
£305K12/200.25 mi3, Saxifrage Place, Kidderminster, Worcestershire DY10 1NH3
£335K08/230.25 mi8, Aggborough Crescent, Kidderminster, Worcestershire DY10 1LG3
£227.5K07/210.28 mi28, Kestrel Close, Kidderminster, Worcestershire DY10 1NP3
£330K10/220.28 mi2, Falcon Close, Kidderminster, Worcestershire DY10 1NN3
£258K09/230.28 mi4, Falcon Close, Kidderminster, Worcestershire DY10 1NN3
£380K09/210.3 mi520, Chester Road South, Kidderminster, Worcestershire DY10 1XH3
£245K12/220.3 mi239, Hoo Road, Kidderminster, Worcestershire DY10 1LT3
£259K08/210.31 mi2, Malvern Drive, Kidderminster, Worcestershire DY10 1LH3
£190K01/210.31 mi15, College Road, Kidderminster, Worcestershire DY10 1LU3
£183.5K05/210.31 mi62, Primrose Way, Kidderminster, Worcestershire DY10 1NG3
£254K09/210.31 mi63, Primrose Way, Kidderminster, Worcestershire DY10 1NG3
£194K03/210.31 mi27, Whinchat Grove, Kidderminster, Worcestershire DY10 4TH3
£174.5K01/210.31 mi79, Whinchat Grove, Kidderminster, Worcestershire DY10 4TH3
£391K04/210.33 miLucerne, Aggborough Crescent, Kidderminster, Worcestershire DY10 1LQ3
£208K12/200.33 mi45, Aggborough Crescent, Kidderminster, Worcestershire DY10 1LQ3
£240K06/210.35 mi1, Tutors Way, Kidderminster, Worcestershire DY10 1PH3
£132K11/220.37 mi18, College Walk, Kidderminster, Worcestershire DY10 1PL3
£236K06/210.37 mi11, Humphries Drive, Kidderminster, Worcestershire DY10 1XQ3
£255K06/230.37 mi5, Humphries Drive, Kidderminster, Worcestershire DY10 1XQ3
£220K09/210.37 mi39, Humphries Drive, Kidderminster, Worcestershire DY10 1XQ3
£195K06/210.39 mi26, Peregrine Grove, Kidderminster, Worcestershire DY10 4UH3
£220K04/210.39 mi33, Chaffinch Drive, Spennells, Kidderminster, Worcestershire DY10 4SZ3
£112.5K11/200.4 mi67, Worcester Road, Kidderminster, Worcestershire DY10 1LB3
£119.3K12/200.4 mi50, Worcester Road, Kidderminster, Worcestershire DY10 1LB3
£205K03/210.41 mi99, Chaffinch Drive, Spennells, Kidderminster, Worcestershire DY10 4SY3
£240K12/220.41 mi98, Chaffinch Drive, Spennells, Kidderminster, Worcestershire DY10 4SY3
£105K04/210.41 mi29, Cobham Road, Kidderminster, Worcestershire DY10 1LF3
£152K05/230.41 mi19, Cobham Road, Kidderminster, Worcestershire DY10 1LF3
£197K08/230.43 mi11, Warbler Place, Kidderminster, Worcestershire DY10 4DZ3
£167K06/210.43 mi37, Warbler Place, Kidderminster, Worcestershire DY10 4DZ3
£235K06/230.46 mi1, Barn Owl Place, Kidderminster, Worcestershire DY10 4UN3
£207K10/210.46 mi63, Barn Owl Place, Kidderminster, Worcestershire DY10 4UN3
£260K06/230.5 mi51, Hoo Road, Kidderminster, Worcestershire DY10 1NB3
£220K06/230.5 mi80, Linnet Rise, Spennells, Kidderminster, Worcestershire DY10 4TU3
£201.5K07/210.54 mi3, Stewart Court, Kidderminster, Worcestershire DY10 1UR3
£210K10/230.54 mi10, Stewart Court, Kidderminster, Worcestershire DY10 1UR3
£345K09/230.57 mi10, Osprey Park Drive, Kidderminster, Worcestershire DY10 4BN3
£210K11/210.57 mi3, Oriole Grove, Kidderminster, Worcestershire DY10 4HG3
£300K02/230.58 mi14, Partridge Grove, Kidderminster, Worcestershire DY10 4HH3
£285K05/210.61 mi4, Dove Close, Kidderminster, Worcestershire DY10 4JU3
£265K06/210.63 mi154, Chester Road South, Kidderminster, Worcestershire DY10 1XB3

Local Rents

26 rents from £750/mo to £1.4K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£90012/240.24 miSt. Cecilia Close, KIDDERMINSTER3
£1,00012/230.5 mi-3
£1,00012/230.5 mi-3
£1,10002/240.63 mi-3
£1,10002/240.63 mi-3
£1,00012/240.71 miThe Firs Close, Kidderminster, Worcestershire3
£77512/240.8 miStourport Road, Kidderminster, Worcestershire3
£87512/240.84 miLorne Street, Kidderminster3
£1,40012/240.89 mi-3
£90004/240.9 miEast Street, KIDDERMINSTER3
£90012/240.94 mi-3
£90012/240.94 mi-3
£77512/240.96 miHolman Street, KIDDERMINSTER3
£90012/240.99 mi-3
£90012/240.99 mi-3
£85012/241 miAlbert Road, Kidderminster, DY103
£95012/241.02 miLeswell Street, KIDDERMINSTER3
£95003/241.02 miLeswell Street, Kidderminster3
£75003/241.06 mi-3
£75003/241.06 mi-3
£97512/241.07 miSutton Road, Kidderminster, Worcestershire3
£97512/241.09 miWood Street, Worcestershire3
£1,25012/241.13 miSummerfield Lane, Kidderminster, Worcestershire, DY113
£1,10003/241.2 miSycamore Close, KIDDERMINSTER3
£90003/241.21 miRadford Avenue, KIDDERMINSTER3
£90012/241.21 miRadford Avenue, KIDDERMINSTER3

Local Area Statistics

Population in DY10

35,493

Population in Kidderminster

74,037

Town centre distance

0.84 miles away

Nearest school

0.50 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Price changed to £350,000

March 28, 2025

Listed for £340,000

February 28, 2025

Description

  • VIEWS ACROSS KIDDERMINSTER GOLF COURSE +
  • SOUGHT AFTER AREA +
  • EXTENSIVE REAR PLOT +
  • IDEAL REFURBISHMENT PROJECT/POSSIBLE DEVELOPMENT OPPORTUNITY STPP +
  • TO BE OFFERED FOR SALE BY PUBLIC AUCTION, SUBJECT TO PRIOR SALE, SPECIAL CONDITIONS AND RESERVE +
  • PRO MAP SHOWS PLOT SIZE IS CIRCA 0.267 ACRES (1079.8m2) +

Coming to the market for the first time since 1978. Number 41 sits on an extensive plot in an elevated position overlooking Kidderminster golf course, and offers great opportunities.
Requiring modernisation offering an investment opportunity.
Detached home with 3 bedrooms, 2 bathrooms, 2 reception rooms. Garden room,
All enquiries to KIDDERMINSTER OFFICE with VIEWINGS STRICTLY VIA PRIOR APPOINTMENT ONLY.

To be offered for sale by Public Auction, subject to prior sale, special conditions and reserve at Kidderminster Harriers Football Ground, Aggborough Stadium, Hoo Road, Kidderminster, Worcestershire. DY10 1NB on Wednesday 26 March 2025 at 6pm

Agent Details

Phipps & Pritchard, Kidderminster

01562 543978

Next Steps?

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