2 Bed House, Refurb/BRRR, Kidderminster, DY10 2QQ, £135,000

Hurcott Road, Kidderminster, DY10 2QQ - 4 views - a month ago

Refurb/BRRR
ROI: 3%
~68 m²
+4 photos

ValuationFair Value

Sold Prices£95K - £260K
Sold Prices/m²£1.4K/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£137,700

 

 

End Value (After Refurb)

£132,816

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£26,987

Bridging Loan Interest

£3,544

Total Cash In

£73,981

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£132,816

Mortgage (After Refinance)

£99,612

Mortgage LTV

75%

Cash Left In

£73,981

Equity

£33,204

Rent Range

£600 - £1,100

Rent Estimate

£810

Running Costs/mo

£597

Cashflow/mo

£213

Cashflow/yr

£2,555

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £95K to £260K, average is £160K. £1.4K/m² to £3.6K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£160K02/210.03 mi9, Bronwen Ingham Court, Kidderminster, Worcestershire DY10 2ET2
£170K03/230.03 mi1, Bronwen Ingham Court, Kidderminster, Worcestershire DY10 2ET2
£130K08/230.06 mi7, Long Acre, Kidderminster, Worcestershire DY10 2HA2
£95K04/210.07 miFlat 4, Emery Court, Baxter Avenue, Kidderminster, Worcestershire DY10 2EX2
£171K11/220.11 mi52, Hurcott Road, Kidderminster, Worcestershire DY10 2QJ2
£165K11/200.14 mi82, Baxter Avenue, Kidderminster, Worcestershire DY10 2HB2
£117K04/210.17 mi11, Larkhill, Kidderminster, Worcestershire DY10 2NN2
£145K07/230.17 mi26, Broad Street, Kidderminster, Worcestershire DY10 2LZ2
£120K04/230.25 mi24, York Street, Kidderminster, Worcestershire DY10 2LN2
£180K12/200.26 mi33, Leswell Lane, Kidderminster, Worcestershire DY10 1RN2
£166K03/230.27 mi63, Shrubbery Street, Kidderminster, Worcestershire DY10 2QY2
£175K07/230.27 mi34, Greenhill Avenue, Kidderminster, Worcestershire DY10 2QU2
£147K10/200.29 mi25, The Foxholes, Kidderminster, Worcestershire DY10 2QR2
£117K12/200.3 mi4, Findon Street, Kidderminster, Worcestershire DY10 1PU2
£189K02/230.33 mi26, Waterside Grange, Kidderminster, Worcestershire DY10 2LA2
£260K01/230.33 mi98, Hurcott Road, Kidderminster, Worcestershire DY10 2QT2
£195K12/220.36 mi2, Brookdale, Kidderminster, Worcestershire DY10 2PY2
£200K06/210.37 mi3, Holly Court, Kidderminster, Worcestershire DY10 2HP2
£120K06/210.38 mi365, Stourbridge Road, Kidderminster, Worcestershire DY10 2QE2
£170K03/230.38 mi32, Clarence Street, Kidderminster, Worcestershire DY10 1RS2
£185K12/220.38 mi8, Meadow Sweet Place, Kidderminster, Worcestershire DY10 2HW2
£170K09/210.38 mi24, Trinity Court, Kidderminster, Worcestershire DY10 2EB2
£190.5K12/220.38 mi22, Trinity Court, Kidderminster, Worcestershire DY10 2EB2
£177.5K10/230.38 mi10, Trinity Court, Kidderminster, Worcestershire DY10 2EB2
£105K07/230.39 mi69, East Street, Kidderminster, Worcestershire DY10 1SF2
£135K04/210.4 mi22, East Street, Kidderminster, Worcestershire DY10 1SE2
£166K12/220.4 mi30, East Street, Kidderminster, Worcestershire DY10 1SE2
£180K02/230.4 mi2, Tabbs Gardens, Kidderminster, Worcestershire DY10 2DT2
£167K04/210.4 mi80, Stourbridge Road, Kidderminster, Worcestershire DY10 2QB2
£140K08/230.4 mi114, Stourbridge Road, Kidderminster, Worcestershire DY10 2QB2
£110K12/200.42 mi67, Offmore Road, Kidderminster, Worcestershire DY10 1SD2
£160K11/200.43 mi64, St Georges Terrace, Kidderminster, Worcestershire DY10 1SG2
£145K07/210.44 mi35, George Street, Kidderminster, Worcestershire DY10 1PY2
£135K05/210.44 mi14, Tabbs Gardens, Kidderminster, Worcestershire DY10 2DT2
£200K01/230.44 mi45, Tabbs Gardens, Kidderminster, Worcestershire DY10 2DT2
£135K05/210.44 mi14, Tabbs Gardens, Kidderminster, Worcestershire DY10 2DT2
£185K02/210.46 mi34, The Deansway, Kidderminster, Worcestershire DY10 2RJ2
£144K04/210.47 mi9, Frank Freeman Court, Kidderminster, Worcestershire DY10 2QL2
£210K11/220.48 mi17, Anchorfields, Kidderminster, Worcestershire DY10 1PZ2
£150K01/230.48 mi73, Offmore Road, Kidderminster, Worcestershire DY10 1SL2
£126.7K03/210.49 mi89, Lea Street, Kidderminster, Worcestershire DY10 1SN2
£195K10/230.5 mi26, The Deansway, Kidderminster, Worcestershire DY10 2RH2
£144K10/210.51 mi16, St Oswalds Close, Kidderminster, Worcestershire DY10 2QG2
£145K12/200.51 mi11, St Oswalds Close, Kidderminster, Worcestershire DY10 2QG2
£130K09/210.52 mi134, Hurcott Road, Kidderminster, Worcestershire DY10 2RG2
£185K01/230.55 mi8, Lorne Grove, Kidderminster, Worcestershire DY10 1SR2
£240K09/210.55 mi19, Turton Street, Kidderminster, Worcestershire DY10 2TH2
£160K07/230.56 mi31, Lorne Street, Kidderminster, Worcestershire DY10 1SX2
£141K08/210.56 mi49, Adams Court, Kidderminster, Worcestershire DY10 2SF2
£143K11/200.57 mi53, Mill Lane, Kidderminster, Worcestershire DY11 6YG2

Local Rents

36 rents from £600/mo to £1.1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£80010/240.05 mi-2
£85012/240.06 miLong Acre, KIDDERMINSTER2
£62504/230.1 mi-2
£62504/230.1 mi-2
£1,10003/240.24 miLeswell Lane, KIDDERMINSTER2
£82503/240.3 miWaterside Grange, KIDDERMINSTER2
£75003/230.31 mi-2
£87502/250.31 mi-2
£77503/230.31 mi-2
£77503/230.31 mi-2
£85006/240.31 mi-2
£87504/250.31 mi-2
£87512/240.32 mi-2
£82502/250.32 mi-2
£80012/240.33 miGeorge Street, KIDDERMINSTER2
£72503/240.37 miOffmore Road, KIDDERMINSTER2
£72512/240.39 miHigh Street, KIDDERMINSTER2
£72512/240.39 miEast Street, Kidderminster, Worcestershire, DY102
£91001/250.39 mi-2
£70003/230.4 mi-2
£77503/240.45 miTabbs Gardens, Kidderminster, DY102
£82503/240.45 miTabbs Gardens, Kidderminster, Worcestershire2
£1,10001/250.51 mi-2
£85012/240.55 miLorne Grove, KIDDERMINSTER2
£89512/240.56 miLea Street, Kidderminster, Worcestershire, DY102
£79503/240.56 miLorne Street, Kidderminster, DY102
£80012/240.56 mi-2
£72503/240.56 miAdams Court, Kidderminster, Worcestershire2
£60012/240.56 miAdams Court, KIDDERMINSTER2
£74512/240.59 miMill Lane, Kidderminster, DY112
£82512/240.6 miPark Lane, Kidderminster, DY112
£75012/240.61 miRay Mercer Way, Kidderminster, Worcestershire2
£80012/240.61 mi-2
£80012/240.61 mi-2
£90008/240.61 mi-2
£85003/250.61 mi-2

Local Area Statistics

Population in DY10

35,493

Population in Kidderminster

74,037

Town centre distance

0.50 miles away

Nearest school

0.20 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £135,000

March 1, 2025

Description

  • Need modernising +
  • Two bedrooms +
  • Garden +
  • EPC C69 +

Bagleys are pleased to present this two bedroom home to the market. The property is in need of updating. Property benefits from living room, kitchen diner, two bedroom, bathroom and rear garden. Offered with vacant possession and no upwards chain. EPC C69.

Living Room: 3.77m x 3.61m (12'4" x 11'10")

Kitchen Diner: 3.50m x 2.67m (11'6" x 8'9")

Landing

Bedroom One: 3.79m x 3.95m (12'5" x 12'12")

Bedroom Two: 2.52m x 3.54m (8'3" x 11'7") max

Bathroom: 2.36m x 1.56m (7'9" x 5'1")

Agent Details

Bagleys Sales & Rentals, Kidderminster

01562 547545

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪