3 Bed Terraced House, Refurb/BRRR, Worcester, WR5 1JL, £79,000

112 Newtown Road, Worcester, WR5 1JL - 4 views - a month ago

Sold STC
Auction
Refurb/BRRR
ROI: 6%
~93 m²

ValuationFair Value

Sold Prices£123K - £340K
Sold Prices/m²£1K/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£849/m²

Value Estimate

£80,580

 

 

End Value (After Refurb)

£204,600

Uplift in Value

+159%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£19,750

Stamp Duty & Legal Fees

£5,150

Refurb Costs

£36,762

Bridging Loan Interest

£2,074

Total Cash In

£65,486

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£204,600

Agent Fees (1%)

£2,046

Bridging Loan

£59,250

Bridging Loan Interest

£2,074

Flip Profit

£77,818

Local Sold Prices

50 sold prices from £123K to £340K, average is £205.5K. £1K/m² to £4.1K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£206K11/230.02 mi102, Newtown Road, Worcester, Worcestershire WR5 1JL3
£185K10/210.13 mi11, Trent Road, Worcester, Worcestershire WR5 1LA3
£123K04/210.15 mi1, Canterbury Road, Worcester, Worcestershire WR5 1NG3
£212K11/210.17 mi4, Peterborough Close, Worcester, Worcestershire WR5 1PW3
£248K10/230.17 mi26, Peterborough Close, Worcester, Worcestershire WR5 1PW3
£186K03/210.18 mi31, Canterbury Road, Worcester, Worcestershire WR5 1NU3
£152K01/210.19 mi101, Avon Road, Worcester, Worcestershire WR4 9AQ3
£160K04/210.19 mi99, Avon Road, Worcester, Worcestershire WR4 9AQ3
£152K04/210.2 mi2, Solent Road, Worcester, Worcestershire WR5 1LD3
£302K12/230.2 mi60, Popert Drive, Worcester, Worcestershire WR5 1SY3
£233K01/210.2 mi86, Popert Drive, Worcester, Worcestershire WR5 1SY3
£240K12/230.21 mi40, Norwich Road, Worcester, Worcestershire WR5 1NX3
£245K05/230.21 mi46, Newtown Road, Worcester, Worcestershire WR5 1HJ3
£210K08/230.21 mi11, Solent Road, Worcester, Worcestershire WR5 1LG3
£250K06/230.22 mi68, Humber Road, Worcester, Worcestershire WR5 1LH3
£140K06/210.23 mi35b, Teme Road, Worcester, Worcestershire WR4 9AW3
£155K08/210.23 mi45, Norwich Road, Worcester, Worcestershire WR5 1NY3
£285K08/230.26 mi71, Newtown Road, Worcester, Worcestershire WR5 1HH3
£218K02/240.26 mi17, Humber Road, Worcester, Worcestershire WR5 1LY3
£202K06/210.27 mi98, Canterbury Road, Worcester, Worcestershire WR5 1PL3
£180K06/230.27 mi23c, Avon Road, Worcester, Worcestershire WR4 9AF3
£185K05/230.27 mi30, Wolsey Close, Worcester, Worcestershire WR4 9ES3
£215K06/210.27 mi8, Wolsey Close, Worcester, Worcestershire WR4 9ES3
£198K09/210.27 mi13, Wolsey Close, Worcester, Worcestershire WR4 9ES3
£250K10/230.27 mi9, Wolsey Close, Worcester, Worcestershire WR4 9ES3
£245K09/230.27 mi7, Wolsey Close, Worcester, Worcestershire WR4 9ES3
£135K11/200.27 mi159, Canterbury Road, Worcester, Worcestershire WR5 1PF3
£183K01/210.29 mi121, Canterbury Road, Worcester, Worcestershire WR5 1PD3
£172K03/230.3 mi18, Mersey Road, Worcester, Worcestershire WR5 1LR3
£143K10/200.3 mi172, Canterbury Road, Worcester, Worcestershire WR5 1PH3
£267.5K06/210.31 mi6, Darwin Avenue, Worcester, Worcestershire WR5 1SP3
£205K04/230.31 mi15, Avon Close, Worcester, Worcestershire WR4 9BW3
£275K03/210.32 mi5, Chesterton Gardens, Worcester, Worcestershire WR5 1SR3
£235K01/230.33 mi3, Windrush Close, Worcester, Worcestershire WR5 1JZ3
£135.5K11/200.33 mi108, Carlisle Road, Worcester, Worcestershire WR5 1HZ3
£205K05/230.33 mi88, Carlisle Road, Worcester, Worcestershire WR5 1HZ3
£205K04/210.35 mi14, Kenwood Close, Worcester, Worcestershire WR4 9BE3
£167.3K10/200.36 mi319, Tolladine Road, Worcester, Worcestershire WR4 9BB3
£225K09/210.36 mi2, Linksview Crescent, Worcester, Worcestershire WR5 1JJ3
£270K01/240.36 mi16, Linksview Crescent, Worcester, Worcestershire WR5 1JJ3
£161K09/210.36 mi34, Carlisle Road, Worcester, Worcestershire WR5 1HX3
£210K04/230.36 mi19, Lutterworth Close, Worcester, Worcestershire WR4 9AY3
£280K12/200.36 mi215, Newtown Road, Worcester, Worcestershire WR5 1JB3
£340K10/230.37 mi13, Linksview Crescent, Worcester, Worcestershire WR5 1JH3
£260K04/240.37 mi114, Medway Road, Ronkswood, Worcester, Worcestershire WR5 1LN3
£227.5K05/210.37 mi31, Michael Tippet Drive, Worcester, Worcestershire WR4 9EH3
£205K12/200.37 mi12, Merton Close, Worcester, Worcestershire WR4 9QF3
£230K12/220.37 mi9, Chiltern Close, Worcester, Worcestershire WR4 9DY3
£165K07/210.38 mi169, Tolladine Road, Worcester, Worcestershire WR4 9QH3
£196.5K03/210.39 mi14, Liverpool Road, Worcester, Worcestershire WR5 1QW3

Local Rents

11 rents from £950/mo to £1.4K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25011/240.12 mi-3
£1,25006/240.12 mi-3
£1,35011/240.14 mi-3
£1,40011/240.26 mi-3
£1,20002/250.29 mi-3
£1,35004/240.32 mi-3
£1,35002/250.35 mi-3
£1,00002/240.43 mi-3
£1,20003/250.48 mi-3
£95011/240.5 miLilac Avenue, WORCESTER3
£1,45012/240.55 mi-3

Local Area Statistics

Population in WR5

30,933

Population in Worcester

142,140

Town centre distance

0.97 miles away

Nearest school

0.10 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £79,000

March 4, 2025

Description

  • Freehold Vacant possession upon completion. +

For Sale By Public Auction on 27 March 2025 starting at 08:30 AM - A vacant freehold end terraced property

An end terraced property, standing elevated from the road behind a foregarden.

Accommodation
Ground Floor: Hall, Reception/Dining Room, Kitchen, Bathroom/WC.
First Floor: Landing, Three Bedrooms.
Outside: Gardens.
The property benefits from having double glazing, however is in need of modernisation.

Energy Performance Rating
See legal pack.

Tenure
Freehold Vacant possession upon completion.

Pre-auction Offers
Please note no offers will be considered prior to the Auction Sale.

Auctioneer's Note
Please note that the completion period for this property is 8 weeks (56 days).

Viewing Times
See viewing schedule. Please note the appointments listed below are pre-booked so there is no need to book in prior to attending.

12/03/2025 12:00 - 12:15
14/03/2025 12:30 - 12:45
19/03/2025 12:00 - 12:15
21/03/2025 12:30 - 12:45

Live-Streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.

Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.

*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. . If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information available on Bond Wolfe’s website), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’ on the Bond Wolfe website, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Agent Details

Bond Wolfe, Auctions

0121 387 6767

Next Steps?

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