4 Bed Detached House, Refurb/BRRR, Kidderminster, DY10 3QW, £300,000

44 Shakespeare Drive, Kidderminster, Worcestershire, DY10 3QW - 2 views - 2 months ago

Refurb/BRRR
~129 m²
+12 photos

ValuationFair Value

Sold Prices£196K - £660K
Sold Prices/m²£1.6K/m² - £4.4K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.3K/m²

Value Estimate

£295,758

 

 

End Value (After Refurb)

£364,012

Uplift in Value

+21%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£51,215

Bridging Loan Interest

£7,875

Total Cash In

£154,540

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£364,012

Mortgage (After Refinance)

£273,009

Mortgage LTV

75%

Cash Released

£48,009

Cash Left In

£106,531

Equity

£91,003

Rent Range

£850 - £4,900

Rent Estimate

£1,064

Running Costs/mo

£1,370

Cashflow/mo

£-306

Cashflow/yr

£-3,676

Gross Yield

4%

Local Sold Prices

37 sold prices from £196K to £660K, average is £330K. £1.6K/m² to £4.4K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£228K03/210.06 mi29, Rosemary Road, Kidderminster, Worcestershire DY10 2SW4
£375K01/230.07 mi21, Osborne Close, Kidderminster, Worcestershire DY10 3YY4
£387.5K03/210.08 mi147, Birmingham Road, Kidderminster, Worcestershire DY10 2SL4
£293.4K08/230.15 mi4, Baldwin Road, Kidderminster, Worcestershire DY10 2UD4
£270K12/200.18 mi102, Shakespeare Drive, Kidderminster, Worcestershire DY10 3QY4
£315K11/220.3 mi62, Cairndhu Drive, Kidderminster, Worcestershire DY10 2TA4
£260K01/210.32 mi28, Baldwin Road, Kidderminster, Worcestershire DY10 2UA4
£275K10/220.33 mi4, Ruskin Avenue, Kidderminster, Worcestershire DY10 3XG4
£525K06/210.36 mi13, Linden Avenue, Kidderminster, Worcestershire DY10 3AA4
£354K04/210.42 mi423, Chester Road North, Kidderminster, Worcestershire DY10 1TB4
£360K11/200.49 mi33, Birmingham Road, Kidderminster, Worcestershire DY10 2DA4
£425K07/230.51 mi305, Hurcott Road, Kidderminster, Worcestershire DY10 2RQ4
£196K12/200.51 mi318, Hurcott Road, Kidderminster, Worcestershire DY10 2RQ4
£395K05/210.51 mi444, Chester Road North, Kidderminster, Worcestershire DY10 1TW4
£270K12/210.52 mi269, Chester Road North, Kidderminster, Worcestershire DY10 2RR4
£330K06/210.52 mi4, James Road, Kidderminster, Worcestershire DY10 2TR4
£315K01/210.52 mi18, Vine Street, Kidderminster, Worcestershire DY10 2TS4
£277K02/210.53 mi20, Somerleyton Avenue, Kidderminster, Worcestershire DY10 3AS4
£385K04/210.55 mi1, Roden Avenue, Kidderminster, Worcestershire DY10 2RF4
£615K05/230.55 mi14, Roden Avenue, Kidderminster, Worcestershire DY10 2RF4
£322.5K02/210.57 mi18, Trinity Field, Kidderminster, Worcestershire DY10 2DF4
£510K08/230.59 mi37, Comberton Avenue, Kidderminster, Worcestershire DY10 3EG4
£325K11/220.59 mi16, Comberton Avenue, Kidderminster, Worcestershire DY10 3EG4
£353.6K01/210.63 mi5, Shrubbery Street, Kidderminster, Worcestershire DY10 2QZ4
£327K07/230.63 mi32, James Road, Kidderminster, Worcestershire DY10 2TP4
£550K05/210.69 mi49, Comberton Road, Kidderminster, Worcestershire DY10 3DT4
£400K02/210.72 mi14, Imperial Avenue, Kidderminster, Worcestershire DY10 2RA4
£350K09/210.77 mi4, Gordon Place, Kidderminster, Worcestershire DY10 1UY4
£300K03/210.77 mi43, Coventry Street, Kidderminster, Worcestershire DY10 2BT4
£660K04/230.77 mi58, Hillgrove Crescent, Kidderminster, Worcestershire DY10 3AR4
£262.5K03/230.82 mi156, Stourbridge Road, Kidderminster, Worcestershire DY10 2UL4
£345K03/230.85 mi50, Wolverhampton Road, Kidderminster, Worcestershire DY10 2UT4
£349.5K02/210.9 mi28, Barnetts Close, Kidderminster, Worcestershire DY10 3DG4
£427.5K09/230.91 mi493, Chester Road South, Kidderminster, Worcestershire DY10 1XD4
£225K12/200.92 mi151, Sion Avenue, Kidderminster, Worcestershire DY10 2YL4
£320K07/230.95 mi22, Sion Avenue, Kidderminster, Worcestershire DY10 2YJ4
£270K05/230.97 mi46, Ray Mercer Way, Kidderminster, Worcestershire DY10 1NY4

Local Rents

36 rents from £850/mo to £4.9K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£1,12512/240.15 miMerton Close, Kidderminster, Worcestershire3
£1,10012/240.18 miCoates Road, Kidderminster3
£1,65003/240.49 miBirmingham Road, KIDDERMINSTER3
£99512/240.49 miChester Road North, KIDDERMINSTER3
£90012/240.51 miHurcott Road, KIDDERMINSTER3
£85012/240.62 miAlbert Road, Kidderminster, DY103
£87512/240.66 miLorne Street, Kidderminster3
£1,00012/240.73 miThe Firs Close, Kidderminster, Worcestershire3
£95003/240.74 miLeswell Street, Kidderminster3
£95012/240.74 miLeswell Street, KIDDERMINSTER3
£4,90004/250.76 mi-5
£90012/240.77 mi-3
£1,29501/250.79 mi-4
£90004/240.81 miEast Street, KIDDERMINSTER3
£87503/240.87 miPitt Street, Kidderminster, Worcestershire, DY103
£90012/240.87 miLenchville, KIDDERMINSTER3
£90003/240.87 miLenchville, Kidderminster3
£1,10003/240.88 miSycamore Close, KIDDERMINSTER3
£1,20003/240.89 miBaxter Avenue, KIDDERMINSTER4
£90003/240.93 miRadford Avenue, KIDDERMINSTER3
£90012/240.93 miRadford Avenue, KIDDERMINSTER3
£1,80003/240.95 miOldnall Road, Kidderminster, Worcestershire, DY104
£1,20009/240.99 mi-3
£95003/241 miUpton Road, Kidderminster3
£95012/241 miUpton Road, Kidderminster3
£85012/241.1 mi-3
£85012/241.1 mi-3
£1,30012/241.16 miWolverley Road, Wolverley, Kidderminster3
£85004/241.17 miWaterside Grange, KIDDERMINSTER3
£1,39512/241.2 mi-3
£1,39512/241.2 mi-3
£1,10003/241.22 miWestcott Road, Kidderminster, DY103
£1,10012/241.22 miWestcott Road, Kidderminster, DY103
£1,15006/241.22 mi-3
£1,15006/241.22 mi-3
£1,15006/241.22 mi-3

Local Area Statistics

Population in DY10

35,493

Population in Kidderminster

74,037

Town centre distance

0.76 miles away

Nearest school

0.10 miles away

Nearest train station

0.84 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £300,000

March 5, 2025

Floor Plans

Description

  • Detached Family Home +
  • In Need Of Some Modernisation & Updating +
  • Four Bedrooms +
  • Open Plan Living Dining Room +
  • Breakfast Kitchen +
  • Block Paved Driveway +
  • Council Tax Band 'D +

Coming to the market in order to close an estate is this, extended, four bedroom detached family home. In need of modernisation, this family home is situated in the sought after 'Offmore' area of Kidderminster. The property is well located for road links to Birmingham, Worcester and Bromsgrove. Everyday amenities are close by as well as Offmore Primary School Ofsted rated 'Good'. Offering great potential for transformation into a modern contemporary home, the accommodation comprises of; Entrance porch, entrance hall, open plan living dining room, breakfast kitchen and conservatory. Utility area located in the garage and downstairs w.c. To the first floor there is four bedrooms and family bathroom. Block paved driveway to the front elevation and integral garage. Low maintenance rear garden with lawn and patio area. This home presents a fantastic opportunity for those looking to put their stamp on a property in a desirable location. EPC=E

Agent Details

Doolittle & Dalley, Kidderminster

01562 543897

Next Steps?

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