3 Bed Semi-Detached House, Cash/Bridging Only, Worcester, WR2 5HZ, £190,000

8 Comer Avenue, St John’s, Worcester, WR2 5HZ - 2 views - 2 months ago

Sold STC
Cash
ROI: 4%
78 m²
+9 photos

ValuationFair Value

Sold Prices£167K - £390K
Sold Prices/m²£1.6K/m² - £4.5K/m²

 

 

Square Metres

78 m²
Price/m²£2.4K/m²

Value Estimate

£193,800

 

 

End Value (After Refurb)

£198,718

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£30,833

Bridging Loan Interest

£4,988

Total Cash In

£95,770

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£198,718

Mortgage (After Refinance)

£149,039

Mortgage LTV

75%

Cash Released

£6,539

Cash Left In

£89,232

Equity

£49,680

Rent Range

£825 - £3,000

Rent Estimate

£1,227

Running Costs/mo

£886

Cashflow/mo

£341

Cashflow/yr

£4,087

ROI

4%

Gross Yield

8%

Local Sold Prices

51 sold prices from £167K to £390K, average is £260K. £1.6K/m² to £4.5K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£178.4K11/200.07 mi22, Westbourne Close, Worcester, Worcestershire WR2 5NU3
£220K06/230.08 mi7, Arrowsmith Avenue, Worcester, Worcestershire WR2 5JA3
£223K10/230.08 mi10, Arrowsmith Avenue, Worcester, Worcestershire WR2 5JA3
£220K11/200.09 mi3, Wheeler Close, Worcester, Worcestershire WR2 5PH3
£256K06/230.09 mi6, Wheeler Close, Worcester, Worcestershire WR2 5PH3
£360K03/230.09 mi141a, Comer Road, Worcester, Worcestershire WR2 5JD3
£378K05/230.11 mi63, Comer Road, Worcester, Worcestershire WR2 5HY3
£322K08/210.11 mi90, Comer Road, Worcester, Worcestershire WR2 5HY3
£295.3K11/210.11 mi94, Comer Road, Worcester, Worcestershire WR2 5HY3
£206K03/210.14 mi78, Comer Road, Worcester, Worcestershire WR2 5HY3
£275K01/210.14 mi10, Laugherne Road, Worcester, Worcestershire WR2 5LS3
£363.8K04/230.14 mi20, Laugherne Road, Worcester, Worcestershire WR2 5LS3
£237.5K01/210.14 mi65, Henwick Road, Worcester, Worcestershire WR2 5NY3
£287K06/210.16 mi51, Henwick Road, Worcester, Worcestershire WR2 5NY3
£228K04/230.16 mi23, Oldbury Road, Worcester, Worcestershire WR2 6AA3
£370K11/230.18 mi107, Laugherne Road, Worcester, Worcestershire WR2 5LY3
£208.5K01/210.22 mi21, Mcintyre Road, Worcester, Worcestershire WR2 5LG3
£250K03/210.22 mi2, Mcintyre Road, Worcester, Worcestershire WR2 5LG3
£310K04/230.22 mi4, Mcintyre Road, Worcester, Worcestershire WR2 5LG3
£216K11/200.24 mi7, Buck Street, Worcester, Worcestershire WR2 5LL3
£167K02/210.24 mi69, Nelson Road, Worcester, Worcestershire WR2 5BL3
£265K06/230.25 mi65, Windsor Avenue, Worcester, Worcestershire WR2 5LZ3
£215K05/210.25 mi35, Windsor Avenue, Worcester, Worcestershire WR2 5LZ3
£250K10/230.25 mi3, Hampton Close, Worcester, Worcestershire WR2 5LX3
£250K10/230.25 mi3, Hampton Close, Worcester, Worcestershire WR2 5LX3
£293K01/210.29 mi52, Blenheim Road, Worcester, Worcestershire WR2 5NG3
£290K02/210.29 mi248, Hylton Road, Worcester, Worcestershire WR2 5LA3
£255K02/210.29 mi222, Hylton Road, Worcester, Worcestershire WR2 5LA3
£270K03/230.3 mi53, Blenheim Road, Worcester, Worcestershire WR2 5NQ3
£295K03/210.31 mi77, Mcintyre Road, Worcester, Worcestershire WR2 5LQ3
£245K06/230.33 mi11, Bromyard Road, Worcester, Worcestershire WR2 5BS3
£325K08/230.33 mi9, Bromyard Road, Worcester, Worcestershire WR2 5BS3
£260K05/210.33 mi52, Woodstock Road, Worcester, Worcestershire WR2 5NE3
£330K08/230.35 mi71, Bromyard Road, Worcester, Worcestershire WR2 5BZ3
£370K01/210.35 mi21a, Bromyard Road, Worcester, Worcestershire WR2 5BZ3
£355K02/230.36 mi4, Blakefield Gardens, Worcester, Worcestershire WR2 5DS3
£265K10/220.39 mi23, Graham Road, Worcester, Worcestershire WR2 5AW3
£311K02/230.39 mi148, Penhill Crescent, Worcester, Worcestershire WR2 5PZ3
£250K03/230.39 mi13, Graham Road, Worcester, Worcestershire WR2 5AW3
£265K01/210.4 mi170, Penhill Crescent, Worcester, Worcestershire WR2 5PZ3
£295K01/210.4 mi152, Penhill Crescent, Worcester, Worcestershire WR2 5PZ3
£295K05/230.4 mi150, Penhill Crescent, Worcester, Worcestershire WR2 5PZ3
£170K12/200.4 mi11, Blakefield Road, Worcester, Worcestershire WR2 5DR3
£215.5K09/230.41 mi11, Happy Land West, Worcester, Worcestershire WR2 5DQ3
£169K11/200.41 mi3, Blakefield Walk, Worcester, Worcestershire WR2 5DW3
£390K02/230.41 mi12, Bromwich Lane, Worcester, Worcestershire WR2 4BH3
£258K01/230.42 mi8, Graham Road, Worcester, Worcestershire WR2 5AW3
£220K03/210.43 mi15, Sinton Terrace, Worcester, Worcestershire WR2 5JZ3
£227.5K12/230.43 mi5, Sinton Terrace, Worcester, Worcestershire WR2 5JZ3
£196K04/210.43 mi47, Sanctuary Close, Worcester, Worcestershire WR2 5PY3
£270K03/210.44 mi30, Bromwich Road, Worcester, Worcestershire WR2 4AA3

Local Rents

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

RentDateDistanceAddressBeds 
£99511/240.22 mi-3
£95011/240.23 miHenwick Road, St Johns, Worcester3
£97511/240.32 miBromyard Terrace, Worcester St. Johns, Worcester3
£1,35011/240.33 miWoodstock Road, Worcester, Worcestershire3
£99511/240.39 miBakers Mews, St Johns, Worcester St. Johns, Worcester3
£95011/240.59 mi-3
£1,10011/240.65 miHawkwood Crescent, St Johns, Worcester, WR23
£1,30011/240.7 miThe Tything, Worcester3
£1,30011/240.71 miGregorys Mill Street, Worcester, Worcestershire, WR33
£1,35011/240.72 miHebb Street, Worcester, Worcestershire, WR13
£1,30004/250.73 mi-3
£1,00011/240.75 mi-3
£1,19511/240.79 miSentinel Close, Worcester WR23
£1,12511/240.81 miMonarch Drive, Worcester, WR23
£89510/240.88 mi-3
£1,10011/240.93 miSomers Road, Barbourne, Worcester, WR13
£3,00004/250.93 mi-3
£1,05003/250.94 mi-3
£1,25011/240.95 miRibston Close, St. Johns, Worcester, WR23
£1,25011/240.97 miBarbourne Lane, Worcester3
£1,35011/241 mi-3
£1,30011/241 miCrossley Road, Worcester3
£82511/241.01 miLower Chestnut Street, Worcester, Worcestershire, WR13
£1,50004/251.11 mi-3
£1,25003/251.12 mi-3
£1,05011/241.14 miApartment 6, Autumn Terrace, Worcester3
£1,30011/241.18 mi-3
£1,35004/251.18 mi-3

Local Area Statistics

Population in WR2

29,799

Population in Worcester

142,140

Town centre distance

0.98 miles away

Nearest school

0.10 miles away

Nearest train station

0.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-23%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £190,000

February 28, 2025

Floor Plans

Description

  • CASH BUYERS ONLY +
  • Approx 69ft Rear Garden +
  • Two Reception Rooms +
  • Off-Road Parking +
  • Popular St Johns Location +
  • Overlooking Allotments +

8 Comer Avenue, WR2 5HZ We are acting in the sale of the above property and have received an offer of £192,500 Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place. EPC rating - C _* CASH BUYERS ONLY** *_ This three-bedroom home on Comer Avenue offers a practical layout and represents an excellent opportunity for those looking to update and personalize a property to their own taste, offered to the market with no onward chain!** The ground floor features a lounge with a bay window, providing natural light, and a dining room located adjacent to the kitchen. The kitchen overlooks the rear garden, offering potential for improvement and redesign to suit modern needs. On the first floor, the property comprises three bedrooms—a main bedroom with a bay window, a second double bedroom, and a smaller third bedroom suitable for use as a home office, nursery, or guest room. The family bathroom completes the upstairs layout. The rear garden measures approximately 69ft long and is laid to lawn mainly with a patio area. The garden provides an outdoor space with potential for landscaping or development to suit your preferences. To the front of the property there is a front garden and off road parking for one car. Location: St John’s, Worcester, is a vibrant and well-connected suburb located just west of the River Severn, offering a mix of modern conveniences and a friendly, community-oriented atmosphere. It features a range of amenities, including local shops, supermarkets, cafes, and pubs, making it ideal for everyday living. The area is home to excellent schools, making it popular with families, and boasts great transport links, with easy access to Worcester city centre, the M5 motorway, and regular bus services. For those who enjoy outdoor activities, St John’s is close to parks, green spaces, and the beautiful riverside walks along the Severn. Agent's Note: This property is a corporate sale, meaning any offers will be shared with all parties and the property must be marketed and viewings continue until exchange of contracts.  Rooms: Lounge - 4.01m x 3.03m (13'1" x 9'11") max Dining Room - 4.86m x 3.32m (15'11" x 10'10") max Kitchen - 4.63m x 1.97m (15'2" x 6'5") Stairs To First Floor Landing Main Bedroom - 4.2m x 3m (13'9" x 9'10") max Bedroom 2 - 3.33m x 3.03m (10'11" x 9'11") Bedroom 3 - 2.25m x 1.98m (7'4" x 6'5") Bathroom - 2.17m x 1.74m (7'1" x 5'8")

Agent Details

Arden Estates, Worcester

01905 672319

Next Steps?

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