3 Bed Detached House, Refurb/BRRR, Worcester, WR8 0SS, £575,000

Welland Court Lane, Worcester, WR8 0SS - a month ago

Refurb/BRRR
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£220K - £636K
Sold Prices/m²£2.5K/m² - £5.5K/m²

 

 

Square Metres

~93 m²
Price/m²£6.2K/m²

Value Estimate

£301,948

 

 

End Value (After Refurb)

£561,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£46,200

Refurb Costs

£37,686

Bridging Loan Interest

£15,094

Total Cash In

£244,479

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£561,250

Mortgage (After Refinance)

£420,938

Mortgage LTV

75%

Cash Left In

£244,479

Equity

£140,313

Rent Range

£515 - £2,200

Rent Estimate

£1,129

Running Costs/mo

£2,000

Cashflow/mo

£-871

Cashflow/yr

£-10,448

Gross Yield

2%

Local Sold Prices

24 sold prices from £220K to £636K, average is £317.5K. £2.5K/m² to £5.5K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£415K03/220.67 miOld School House, Hook Common, Hanley Castle, Worcester, Worcestershire WR8 0AX3
£500K06/211.07 miUmtana, Gloucester Road, Welland, Malvern, Worcestershire WR13 6LA3
£450K06/231.11 miHazeldene, Marlbank Road, Welland, Malvern, Worcestershire WR13 6NE3
£255K04/211.14 mi4, Gainsborough Close, Welland, Malvern, Worcestershire WR13 6SH3
£310K06/231.14 mi3, Gainsborough Close, Welland, Malvern, Worcestershire WR13 6SH3
£230K08/211.14 mi10, Chestnut Close, Welland, Malvern, Worcestershire WR13 6SD3
£230K08/211.14 mi10, Chestnut Close, Welland, Malvern, Worcestershire WR13 6SD3
£310K03/231.15 mi7, Welland Gardens, Welland, Malvern, Worcestershire WR13 6LB3
£325K02/231.15 mi24, Welland Gardens, Welland, Malvern, Worcestershire WR13 6LB3
£235K01/211.15 mi34, Welland Gardens, Welland, Malvern, Worcestershire WR13 6LB3
£250K11/201.21 mi3, Giffard Drive, Welland, Malvern, Worcestershire WR13 6SE3
£250K11/201.22 mi8, Orleton Close, Welland, Malvern, Worcestershire WR13 6SQ3
£258.5K06/211.23 mi2, Blandford Close, Welland, Malvern, Worcestershire WR13 6SF3
£550K06/231.23 miThe Ridings, Little Welland Lane, Castlemorton, Malvern, Worcestershire WR13 6BN3
£480K02/211.45 miLong Meadow, Gilberts End, Hanley Castle, Worcester, Worcestershire WR8 0AS3
£310K05/211.47 mi1, Malvern Road, Hanley Swan, Worcester, Worcestershire WR8 0DX3
£262K07/231.58 mi12, Winnington Gardens, Hanley Swan, Worcester, Worcestershire WR8 0DJ3
£488.5K09/231.63 mi1, Hanley Orchard, Hanley Swan, Worcester, Worcestershire WR8 0DS3
£220K03/211.74 mi9, Mulberry Drive, Upton Upon Severn, Worcester, Worcestershire WR8 0ET3
£380K08/231.76 miGrassendale Villa, Roberts End, Hanley Swan, Worcester, Worcestershire WR8 0DL3
£395K12/201.92 mi6, Hortons Lea, Hanley Swan, Worcester, Worcestershire WR8 0DP3
£636K09/211.93 miMoonfleet, Worcester Road, Hanley Swan, Worcester, Worcestershire WR8 0EA3
£585K10/201.93 miMilden, Worcester Road, Hanley Swan, Worcester, Worcestershire WR8 0EA3
£450K10/201.93 miIvers, Worcester Road, Hanley Swan, Worcester, Worcestershire WR8 0EA3

Local Rents

10 rents from £515/mo to £2.2K/mo, average is £913/mo.

RentDateDistanceAddressBeds 
£1,40002/251.52 mi-3
£2,20011/241.96 miShire Gardens, Upton-Upon-Severn, Worcester4
£1,99011/242.06 miGilberts End Lane, Hanley Castle, Worcester4
£90003/252.43 mi-2
£78511/242.45 miNew Development - New Street, Upton-Upon-Severn, Worcestershire, WR81
£82511/242.45 miNew Development - New Street, Upton-Upon-Severn, Worcestershire, WR81
£92511/242.45 miNew Development - New Street, Upton-Upon-Severn, Worcestershire, WR82
£92511/242.45 miNew Development - New Street, Upton-Upon-Severn, Worcestershire, WR82
£59511/242.47 miFlat5, 1-3 New Street, Upton-Upon-Severn, Worcester2
£51511/242.48 miNew Street, Upton-Upon-Severn, Worcester1

Local Area Statistics

Population in WR8

8,093

Population in Worcester

142,140

Town centre distance

9.36 miles away

Nearest school

1 miles away

Nearest train station

3.76 miles away

 

 

Rental growth (12m)

+35%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £575,000

March 7, 2025

Floor Plans

Description

  • Viewing Redditch Office +

A detached, well-built farmhouse in need of modernisation, set within a plot with a front drive and parking area, rear garden with a further access and parking area to a double garage. The property has outbuildings of timber and brick construction, beneath a clay tiled roof and further brick-built pigsty building of brick construction.
A detached solid brick-built property with painted brick elevations, timber constructed pitched and hipped roof with plain tiles, incorporating chimneys.

Situation
Lake Farm is situated on the junction of Drake Street and Welland Court Lane, in a rural setting between Welland and Upton upon Severn, enjoying fine views of the Malvern Hills Natural Landscape area of outstanding natural beauty (ANOB) which are the dominant features of the landscape; this is located close to Great Malvern Town.
Great Malvern is a renowned historic spa town and has a popular theatre and cinema together with a selection of first class state and private schools.
The town is supported by good retail facilities, supporting a busy town centre, including a Waitrose superstore and edge of town retail park at Townsend Way with many outlets.
Upton upon Severn is an idyllic riverside town with local amenities, a Warners supermarket and Welland Village enjoys a village shop, village hall, primary school and St James Church. Opposite the property, is The Inn at Welland restaurant, which has a wide catchment area for dining.
The Cathedral City of Worcester, located to the north, is a busy city, with extensive high street shopping, recreational, amenity and sporting facilities with County Cricket, Worcester Racecourse and Sixways Stadium. There are excellent schools for both the state and private sector, including the Royal Grammar School and The Kings School in Worcester.
For the commuter, the property is located within a reasonable distance, being about a 15-minute drive to Junction 8 of the M5 Motorway, providing access to the wider motorway network.
The Great Malvern railway station provides parking and rail access to Worcester and on to Birmingham and Bristol.

Range of Small Outbuildings
Old Barn
Timber framed barn, with timber cladding beneath a double pitched clay tiled roof, with timber doors, adjoining:
Pigsty
Brick and block-built structure forming two pens, beneath a mono pitch fibre cement roof, with metal stable doors.
Old

EPC Rating: F
Council Tax Band: E
Tenure: Freehold with vacant possession
Services: Mains water, electricity, oil fired heating and private foul drainage

Whilst Lamberts try to ensure accuracy when marketing a property, we cannot guarantee 100% and errors may occur from time to time. The information supplied is approved by the seller to the best of their knowledge. Floorplans and measurements are approximate and are for guidance only. Photographs are for illustrative purposes only and items within these images are not included in the sale unless specifically mentioned. All items that may be included are not tested by ourselves the selling agent, this includes central heating systems and integrated kitchen appliances. Purchasers are encouraged to do their own research/inspection to ensure they are satisfied as we cannot be liable for any losses that could arise. Lamberts are not surveyors or conveyancers and any legal issues should be discussed with a professional.

Agent Details

Lamberts Sales and Lettings, Worcestershire

01527 919179

Next Steps?

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