2 Bed Semi-Detached House, Cash/Bridging Only, Kidderminster, DY10 3TN, £220,000

Kimberlee Avenue, Cookley, Kidderminster, Worcestershire, DY10 3TN - 2 views - 25 days ago

Cash

ROI: 3%

~68 m²

+12 photos

ValuationOvervalued

Sold Prices	£85K - £275K
Sold Prices/m²	£1.3K/m² - £4.7K/m²

Square Metres	~68.11 m²
Price/m²	£3.2K/m²
Value Estimate	£177,845£177,845

End Value (After Refurb)	£176,250£176,250

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£55,000£55,000
Stamp Duty & Legal Fees	£12,200£12,200
Refurb Costs	£26,987£26,987
Bridging Loan Interest	£5,775£5,775
Total Cash In	£101,712£101,712

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£176,250£176,250
Mortgage (After Refinance)	£132,188£132,188
Mortgage LTV	75%75%
Cash Left In	£101,712£101,712
Equity	£44,063£44,063
Rent Range	£575 - £2,500£575 - £2,500
Rent Estimate	£1,035
Running Costs/mo	£778£778
Cashflow/mo	£257£257
Cashflow/yr	£3,087£3,087
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £85K to £275K, average is £169.5K. £1.3K/m² to £4.7K/m², average is £2.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£182.5K	02/21	0.14 mi	11, Lionfields Road, Cookley, Kidderminster, Worcestershire DY10 3UG	£2,294	80	2	Semi-Detached House
£168K	06/21	0.21 mi	2, Portway Place, Cookley, Kidderminster, Worcestershire DY10 3UJ	£2,276	74	2	Terraced House
£174.5K	11/20	0.25 mi	84, Castle Road, Cookley, Kidderminster, Worcestershire DY10 3TB	£2,458	71	2	Terraced House
£188K	01/21	0.25 mi	102, Castle Road, Cookley, Kidderminster, Worcestershire DY10 3TB	£2,611	72	2	Terraced House
£85K	03/23	0.25 mi	96, Castle Road, Cookley, Kidderminster, Worcestershire DY10 3TB	£1,263	67	2	Terraced House
£89.5K	09/23	0.33 mi	6, Staite Drive, Cookley, Kidderminster, Worcestershire DY10 3UA	£1,790	50	2	Terraced House
£160K	02/21	0.33 mi	14, Staite Drive, Cookley, Kidderminster, Worcestershire DY10 3UA	-	-	2	Terraced House
£165K	01/21	0.33 mi	16, Staite Drive, Cookley, Kidderminster, Worcestershire DY10 3UA	-	-	2	Terraced House
£122.1K	08/23	0.33 mi	18, Staite Drive, Cookley, Kidderminster, Worcestershire DY10 3UA	£1,938	63	2	Semi-Detached House
£190K	11/22	0.9 mi	14, Dunnington Avenue, Kidderminster, Worcestershire DY10 2YR	£3,654	52	2	Semi-Detached House
£195K	12/22	0.9 mi	9, Charles Avenue, Kidderminster, Worcestershire DY10 2YN	-	-	2	Semi-Detached House
£226K	12/20	0.94 mi	243, Stourbridge Road, Kidderminster, Worcestershire DY10 2XB	£2,404	94	2	Semi-Detached House
£172K	08/23	0.97 mi	93, Wolverhampton Road, Kidderminster, Worcestershire DY10 2UU	£2,493	69	2	Semi-Detached House
£215K	04/23	1.04 mi	193, Sion Avenue, Kidderminster, Worcestershire DY10 2YJ	-	-	2	Semi-Detached House
£134K	06/21	1.08 mi	2, Wolverhampton Road, Kidderminster, Worcestershire DY10 2UR	-	-	2	Terraced House
£155K	01/21	1.08 mi	3, Wolverhampton Road, Kidderminster, Worcestershire DY10 2UR	£2,067	75	2	Terraced House
£170K	09/23	1.08 mi	58, Pitt Street, Kidderminster, Worcestershire DY10 2UN	£2,833	60	2	Semi-Detached House
£133K	09/21	1.08 mi	55, Pitt Street, Kidderminster, Worcestershire DY10 2UN	£2,714	49	2	Terraced House
£250K	03/21	1.13 mi	3, Brookside Cottages, Wolverley Village, Kidderminster, Worcestershire DY11 5XA	-	-	2	Terraced House
£107K	11/21	1.15 mi	11, Lenchville, Kidderminster, Worcestershire DY10 2YU	-	-	2	Terraced House
£275K	03/23	1.21 mi	53, Broadwaters Drive, Kidderminster, Worcestershire DY10 2RY	£4,661	59	2	Detached House
£144K	10/21	1.28 mi	16, St Oswalds Close, Kidderminster, Worcestershire DY10 2QG	£2,939	49	2	Terraced House
£145K	12/20	1.28 mi	11, St Oswalds Close, Kidderminster, Worcestershire DY10 2QG	£2,959	49	2	Semi-Detached House
£144K	04/21	1.32 mi	9, Frank Freeman Court, Kidderminster, Worcestershire DY10 2QL	£2,323	62	2	Terraced House
£240K	09/21	1.35 mi	19, Turton Street, Kidderminster, Worcestershire DY10 2TH	-	-	2	Detached House
£167K	04/21	1.38 mi	80, Stourbridge Road, Kidderminster, Worcestershire DY10 2QB	£3,640	46	2	Detached House
£140K	08/23	1.38 mi	114, Stourbridge Road, Kidderminster, Worcestershire DY10 2QB	£1,750	80	2	Terraced House
£120K	06/21	1.41 mi	365, Stourbridge Road, Kidderminster, Worcestershire DY10 2QE	-	-	2	Semi-Detached House
£195K	12/22	1.42 mi	2, Brookdale, Kidderminster, Worcestershire DY10 2PY	-	-	2	Semi-Detached House
£130K	09/21	1.43 mi	134, Hurcott Road, Kidderminster, Worcestershire DY10 2RG	£2,262	57	2	Terraced House
£147K	10/20	1.5 mi	25, The Foxholes, Kidderminster, Worcestershire DY10 2QR	£1,934	76	2	Terraced House
£195K	10/23	1.51 mi	26, The Deansway, Kidderminster, Worcestershire DY10 2RH	-	-	2	Semi-Detached House
£175K	07/23	1.54 mi	34, Greenhill Avenue, Kidderminster, Worcestershire DY10 2QU	-	-	2	Semi-Detached House
£260K	01/23	1.54 mi	98, Hurcott Road, Kidderminster, Worcestershire DY10 2QT	£3,210	81	2	Detached House
£185K	02/21	1.54 mi	34, The Deansway, Kidderminster, Worcestershire DY10 2RJ	-	-	2	Semi-Detached House
£141K	08/21	1.61 mi	49, Adams Court, Kidderminster, Worcestershire DY10 2SF	-	-	2	Terraced House
£166K	03/23	1.63 mi	63, Shrubbery Street, Kidderminster, Worcestershire DY10 2QY	£1,677	99	2	Terraced House
£189K	02/23	1.65 mi	26, Waterside Grange, Kidderminster, Worcestershire DY10 2LA	£2,953	64	2	Terraced House
£117K	04/21	1.65 mi	11, Larkhill, Kidderminster, Worcestershire DY10 2NN	£1,950	60	2	Semi-Detached House
£171K	11/22	1.68 mi	52, Hurcott Road, Kidderminster, Worcestershire DY10 2QJ	£2,476	69	2	Terraced House
£185K	12/22	1.7 mi	8, Meadow Sweet Place, Kidderminster, Worcestershire DY10 2HW	£3,304	56	2	Terraced House
£200K	06/21	1.73 mi	3, Holly Court, Kidderminster, Worcestershire DY10 2HP	£3,077	65	2	Terraced House
£165K	11/20	1.74 mi	82, Baxter Avenue, Kidderminster, Worcestershire DY10 2HB	£3,139	53	2	Semi-Detached House
£130K	08/23	1.76 mi	7, Long Acre, Kidderminster, Worcestershire DY10 2HA	£1,857	70	2	Semi-Detached House
£169K	10/20	1.78 mi	16, Shakespeare Drive, Kidderminster, Worcestershire DY10 3QW	£3,189	53	2	Semi-Detached House
£200K	11/20	1.78 mi	112, Shakespeare Drive, Kidderminster, Worcestershire DY10 3QY	£3,509	57	2	Detached House
£168K	04/21	1.78 mi	49, Shakespeare Drive, Kidderminster, Worcestershire DY10 3QY	£4,098	41	2	Semi-Detached House
£215K	02/23	1.78 mi	108, Shakespeare Drive, Kidderminster, Worcestershire DY10 3QY	-	-	2	Detached House
£260K	02/21	1.78 mi	2, Somerset Drive, Kidderminster, Worcestershire DY11 5JG	£3,881	67	2	Detached House
£180K	02/23	1.79 mi	2, Tabbs Gardens, Kidderminster, Worcestershire DY10 2DT	£3,103	58	2	Terraced House

Local Rents

54 rents from £575/mo to £2.5K/mo, average is £925/mo.

Rent	Date	Distance	Address	Beds	Type
£925	02/25	0.02 mi	-	2	Terraced House
£1,250	03/24	0.15 mi	-	3	Terraced House
£1,200	03/24	0.18 mi	Shrubbery Close, Cookley, KIDDERMINSTER	3	Flat
£650	04/23	0.25 mi	-	1	Flat
£1,795	12/24	0.29 mi	Castle Barns, Cookley, Kidderminster, DY10	3	Flat
£1,300	12/24	0.69 mi	Wolverley Road, Wolverley, Kidderminster	3	Bungalow
£1,450	12/24	0.79 mi	Wolverley Road, Wolverley	4	Detached House
£775	04/24	0.95 mi	-	2	Flat
£875	03/24	1.03 mi	Pitt Street, Kidderminster, Worcestershire, DY10	3	Flat
£1,200	12/24	1.04 mi	Wolverley Village, Wolverley	2	Flat
£1,100	03/25	1.07 mi	-	2	Semi-Detached House
£1,100	03/25	1.08 mi	-	2	Semi-Detached House
£900	03/24	1.15 mi	Lenchville, Kidderminster	3	Terraced House
£900	12/24	1.15 mi	Lenchville, KIDDERMINSTER	3	Flat
£925	04/24	1.17 mi	-	2	Terraced House
£925	12/24	1.17 mi	Stourbridge Road, Kidderminster, DY10	2	Flat
£1,200	09/24	1.19 mi	-	3	Semi-Detached House
£950	03/24	1.21 mi	Upton Road, Kidderminster	3	Detached House
£950	12/24	1.21 mi	Upton Road, Kidderminster	3	Semi-Detached House
£1,300	12/24	1.32 mi	Blakeshall, Wolverley, KIDDERMINSTER	3	Flat
£900	12/24	1.41 mi	-	3	Semi-Detached House
£900	12/24	1.43 mi	Hurcott Road, KIDDERMINSTER	3	Flat
£795	12/24	1.56 mi	-	2	Flat
£795	03/24	1.56 mi	Baldwin Road, Worcestershire, DY10	2	Flat
£1,350	04/25	1.56 mi	-	1	Flat
£1,100	12/24	1.58 mi	Coates Road, Kidderminster	3	Flat
£995	12/24	1.6 mi	Chester Road North, KIDDERMINSTER	3	Flat
£725	03/24	1.61 mi	Adams Court, Kidderminster, Worcestershire	2	Terraced House
£600	12/24	1.61 mi	Adams Court, KIDDERMINSTER	2	Flat
£850	04/25	1.64 mi	-	2	Flat
£1,395	12/24	1.64 mi	-	3	Terraced House
£1,395	12/24	1.64 mi	-	3	Terraced House
£900	12/24	1.67 mi	-	3	Semi-Detached House
£1,100	03/25	1.67 mi	-	3	Semi-Detached House
£825	03/24	1.68 mi	Waterside Grange, KIDDERMINSTER	2	Flat
£850	04/24	1.68 mi	Waterside Grange, KIDDERMINSTER	3	Flat
£850	12/24	1.69 mi	-	3	Terraced House
£850	12/24	1.69 mi	-	3	Terraced House
£1,125	12/24	1.69 mi	Merton Close, Kidderminster, Worcestershire	3	Semi-Detached House
£1,650	03/24	1.69 mi	Birmingham Road, KIDDERMINSTER	3	Flat
£625	04/23	1.7 mi	-	2	Terraced House
£625	04/23	1.7 mi	-	2	Terraced House
£1,100	03/24	1.72 mi	Westcott Road, Kidderminster, DY10	3	Flat
£1,100	12/24	1.72 mi	Westcott Road, Kidderminster, DY10	3	Terraced House
£1,150	06/24	1.72 mi	-	3	Terraced House
£1,150	06/24	1.72 mi	-	3	Terraced House
£1,150	06/24	1.72 mi	-	3	Terraced House
£850	12/24	1.76 mi	Long Acre, KIDDERMINSTER	2	Flat
£2,500	12/24	1.76 mi	Pinewoods, Kingsford Lane, Wolverley, DY11 5SL	4	Detached House
£575	12/24	1.78 mi	6 Woodchester42 Broad StreetKidderminster	1	Flat
£685	03/24	1.78 mi	Trinity Grange, Kidderminster, DY10 2BJ	1	Flat
£695	04/24	1.79 mi	Trinity Grange, KIDDERMINSTER	1	Flat
£825	12/24	1.8 mi	-	2	Flat
£800	09/24	1.81 mi	-	2	Terraced House

Local Area Statistics

Population in DY10	35,49335,493
Population in Kidderminster	74,03774,037
Town centre distance	2.12 miles away2.12 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	2.25 miles away2.25 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+4%+4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+38%+38%

Property History

Listed for £220,000

March 15, 2025

Floor Plans

Description

CASH BUYERS ONLY +
EXTENSIVE LAND +

*CASH BUYERS ONLY*
This Spacious 2 Bed Semi Detached property is situated on a larger than average plot. Internally the property briefly comprises of an entrance hall, through lounge diner and a kitchen. On the first floor are 2 great size bedrooms and a fully renovated bathroom. Previously the property was a 3 bed but has been knocked through to create 2 larger bedrooms. The property has also benefitted from a full re wire and been re plastered throughout. Externally is a good size private rear garden. To the front is a secure wrap around front garden with mature trees and shrubs and is mainly laid to lawn.

Agent Details

Dixons, Kidderminster

01562 547727

Next Steps?

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