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