2 Bed Terraced House, Single Let, Worcester, WR2 4SU, £182,000

Tannery Drive, Powick, Worcester, Worcestershire, WR2 4SU - 1 views - a month ago

BTL
ROI: 1%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£175.5K - £420.2K
Sold Prices/m²£2.2K/m² - £4.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£223,860
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,500

Stamp Duty & Legal Fees

£10,300

Total Cash In

£55,800

 

 

Cash Out

 

Rent Range

£560 - £3,500

Rent Estimate

£781

Running Costs/mo

£745

Cashflow/mo

£36

Cashflow/yr

£433

ROI

1%

Gross Yield

5%

Local Sold Prices

31 sold prices from £175.5K to £420.2K, average is £238K. £2.2K/m² to £4.7K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£225K11/220.09 mi14, Deane Close, Powick, Worcester, Worcestershire WR2 4QL2
£420.2K09/210.6 mi37, Kings End Road, Powick, Worcester, Worcestershire WR2 4RB2
£175.5K09/210.81 mi23, The Village, Powick, Worcester, Worcestershire WR2 4QR2
£185K06/230.83 mi33, Village, Powick, Worcester, Worcestershire WR2 4QS2
£249.5K12/231.17 mi27, Bowhill, Callow End, Worcester, Worcestershire WR2 4TN2
£237K12/201.26 mi5, Alton Park, Callow End, Worcester, Worcestershire WR2 4UJ2
£222K07/231.32 mi21a, Upper Ferry Lane, Callow End, Worcester, Worcestershire WR2 4TL2
£250K08/211.34 mi9, White Horse Close, Worcester, Worcestershire WR2 4EB2
£280K06/231.36 mi3, Ontario Close, Worcester, Worcestershire WR2 4EQ2
£260K12/221.37 mi8, Manitoba Close, Worcester, Worcestershire WR2 4XP2
£200K11/201.38 mi101, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4EE2
£178.1K03/211.39 mi219, Worcester Road, Newland, Malvern, Worcestershire WR13 5BA2
£235K07/231.41 mi86, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4XR2
£265K11/231.42 mi52, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4DB2
£290K09/231.42 mi56, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4DB2
£216K02/211.43 mi90, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4XR2
£248.5K06/211.44 mi22, Beaver Close, Lower Wick, Worcester, Worcestershire WR2 4EG2
£225K08/231.44 mi2, Beaver Close, Lower Wick, Worcester, Worcestershire WR2 4EG2
£225K08/231.44 mi2, Beaver Close, Lower Wick, Worcester, Worcestershire WR2 4EG2
£291K08/231.47 mi18, Winnipeg Close, Lower Wick, Worcester, Worcestershire WR2 4XT2
£265K02/231.53 mi5, Westmount Close, Worcester, Worcestershire WR2 4EF2
£245K02/231.53 mi48, Canada Way, Lower Wick, Worcester, Worcestershire WR2 4ED2
£235K07/231.56 mi128, Columbia Drive, Lower Wick, Worcester, Worcestershire WR2 4XQ2
£255K11/231.58 mi3, Calgary Drive, Worcester, Worcestershire WR2 4DW2
£220K09/211.58 mi1, Calgary Drive, Worcester, Worcestershire WR2 4DW2
£238K06/211.6 mi10, Calgary Drive, Worcester, Worcestershire WR2 4DT2
£250K11/211.61 mi72, Canada Way, Lower Wick, Worcester, Worcestershire WR2 4XE2
£280K12/201.72 mi22, Sherwood Lane, Worcester, Worcestershire WR2 4NY2
£220K03/231.76 mi5, Baradene Lane, Rushwick, Worcester, Worcestershire WR2 5TL2
£270K12/231.95 miLlanberis, Bath Road, Broomhall, Worcester, Worcestershire WR5 3HW2
£230K12/201.98 mi1, Catherine Road, Worcester, Worcestershire WR2 4JL2

Local Rents

44 rents from £560/mo to £3.5K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,45002/250.09 mi-3
£1,45011/240.4 miThe Drive, Powick, Worcester, WR24
£2,25011/241.18 miHawthorn Lane, Newland4
£1,54511/241.63 miFranklin Close, Worcester4
£1,25006/241.75 mi-3
£1,00011/241.78 miSnowdrop Way, Rushwick2
£1,80011/241.85 miMere Close, Rushwick, Worcester, WR24
£95011/241.85 miCider Mill Close, Rushwick, Worcester, WR22
£3,50002/242.07 mi-7
£3,50002/242.07 mi-7
£1,79903/252.08 mi-4
£56006/232.09 mi-2
£1,19511/242.09 miSentinel Close, Worcester WR23
£89511/242.12 miCordwainers Court, Willis Place, Worcester2
£97511/242.16 miWillis Place, WORCESTER2
£1,15009/242.16 mi-1
£95012/242.16 mi-1
£92511/242.18 miYarrow Close, WORCESTER2
£87503/252.19 mi-2
£1,32511/242.19 miPrimrose Crescent, Worcester3
£95011/242.19 mi-3
£68011/242.22 miFlat 7, Cinderella Court, Watery Lane, Worcester2
£99511/242.24 miLeigh - Between Worcester and Malvern3
£1,10008/242.25 mi-2
£1,15011/242.26 miEllsdon Rise, Kempsey, WR53
£1,10002/242.27 mi-4
£97502/252.29 mi-2
£80011/242.32 miLockwheel House, Diglis1
£99511/242.33 miBasin Road, WORCESTER2
£1,10011/242.33 miLockwheel House, 4 Woodhouse Close, Worcester, WR52
£1,25011/242.34 miMillwright House, Basin Road, Worcester, Worcestershire, WR5 3GR2
£1,20011/242.34 miWoodhouse Close, Worcester, Worcestershire, WR52
£67511/242.34 mi7 Malvern Road, Worcester, Worcestershire, WR21
£1,15011/242.38 miWoodhouse Close, Riverbank Court, WR52
£79511/242.39 miSwanpool Walk, Worcester St. Johns, Worcester1
£79511/242.4 mi**New Build **One Bedroom Flat, Bromyard Road, Worcester1
£85011/242.4 miHappy Land North1
£97502/242.41 mi-1
£97502/252.41 mi-2
£99511/242.44 miBakers Mews, St Johns, Worcester St. Johns, Worcester3
£1,45011/242.44 miCrossley Road, Worcester, Worcestershire, WR54
£95011/242.45 miOrchard Street, WORCESTER3
£89511/242.48 miCavalier Crescent, Worcester, Worcestershire, WR52
£92503/252.48 mi-2

Local Area Statistics

Population in WR2

29,799

Population in Worcester

142,140

Town centre distance

3 miles away

Nearest school

0.30 miles away

Nearest train station

3.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-23%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £182,000

March 10, 2025

Floor Plans

Description

Discount Market Sale Home – 30% Discount.
Charming two-bedroom terraced house with off-street parking in a sought-after neighbourhood. This delightful property boasts a well-maintained garden, perfect for relaxing or entertaining guests. The interior features a spacious living room, a modern kitchen with integrated appliances, and two bright bedrooms offering ample space for a growing family or professionals working from home. The property benefits from a convenient location close to local amenities, schools, and transport links, making it an ideal choice for those seeking a comfortable and convenient lifestyle. With its cosy yet stylish interiors and practical features, this property presents a fantastic opportunity for first-time buyers, downsizers, or investors looking for a promising rental opportunity. Don't miss out on the chance to make this charming house your new home. Contact us today to arrange a viewing.
Council Tax:
Band: C

That it is a discount market sale home offering 30% discount off the open market value. Whilst the purchaser will own 100% of the property, this discount remains a restriction on the property in perpetuity which means it remains in place on any future sales.
There are eligibility and local connection criteria which applicants are required to meet to be considered for this property. You must make prospective purchasers aware of the relevant criteria prior to applying. Eligibility criteria also remains in place for any future re-sale of this property.
Applications for the DMS property must be submitted for approval by the local authority. To be considered for purchasing this property, a prospective purchaser must complete the application form in full and provide the necessary evidence to be reviewed by the local authority.

Agent Details

CJ Hole, Worcester

01905 975079

Next Steps?

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