3 Bed Bungalow, Cash/Bridging Only, Worcester, WR3 7QE, £450,000

Bevere Drive, Worcester, WR3 7QE - a month ago

Sold STC
Cash
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£191.8K - £555.6K
Sold Prices/m²£2.4K/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£306,323

 

 

End Value (After Refurb)

£415,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£33,700

Refurb Costs

£36,550

Bridging Loan Interest

£11,813

Total Cash In

£196,313

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£415,000

Mortgage (After Refinance)

£311,250

Mortgage LTV

75%

Cash Left In

£196,313

Equity

£103,750

Rent Range

£550 - £3,000

Rent Estimate

£1,019

Running Costs/mo

£1,521

Cashflow/mo

£-502

Cashflow/yr

£-6,020

Gross Yield

3%

Local Sold Prices

50 sold prices from £191.8K to £555.6K, average is £327.5K. £2.4K/m² to £4.8K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£555.6K06/210.04 mi8, Bevere Drive, Worcester, Worcestershire WR3 7QE3
£365K06/210.07 mi10, Grange Avenue, Worcester, Worcestershire WR3 7QA3
£350K09/230.07 mi35, Grange Avenue, Worcester, Worcestershire WR3 7QB3
£303.5K10/230.07 mi429, Ombersley Road, Worcester, Worcestershire WR3 7DQ3
£330K01/230.08 mi427, Ombersley Road, Worcester, Worcestershire WR3 7DQ3
£330K09/210.11 mi404, Ombersley Road, Worcester, Worcestershire WR3 7DH3
£197.6K06/210.12 mi15, Courtland Close, Worcester, Worcestershire WR3 7RB3
£281K01/210.12 mi34, Willowslea Road, Worcester, Worcestershire WR3 7QP3
£226K10/210.12 mi45, Willowslea Road, Worcester, Worcestershire WR3 7QP3
£335K09/230.14 mi19, Leabank Drive, Worcester, Worcestershire WR3 7RA3
£450K08/230.14 mi7, Green Lane, Bevere, Worcester, Worcestershire WR3 7QG3
£335K07/230.14 mi27, Bevere Close, Worcester, Worcestershire WR3 7QH3
£350K10/200.14 mi3, Bevere Close, Worcester, Worcestershire WR3 7QH3
£350K01/210.14 mi5, Bevere Close, Worcester, Worcestershire WR3 7QH3
£353K12/220.15 mi20, Leabank Drive, Worcester, Worcestershire WR3 7QZ3
£325K06/230.15 mi28, Leabank Drive, Worcester, Worcestershire WR3 7QZ3
£273K09/210.17 mi36, Colin Road, Worcester, Worcestershire WR3 7DB3
£362.5K03/230.18 mi33, Whinfield Road, Worcester, Worcestershire WR3 7HF3
£280K08/210.18 mi27, Whinfield Road, Worcester, Worcestershire WR3 7HF3
£305K12/200.18 mi33, Whinfield Road, Worcester, Worcestershire WR3 7HF3
£254K03/210.18 mi55, Whinfield Road, Worcester, Worcestershire WR3 7HF3
£375K10/230.21 mi6, Leslie Avenue, Worcester, Worcestershire WR3 7DF3
£420K03/230.22 mi17, Green Lane, Bevere, Worcester, Worcestershire WR3 7QQ3
£270K02/210.22 mi242, Northwick Road, Worcester, Worcestershire WR3 7QT3
£342K02/230.22 mi23, Meadow Road, Worcester, Worcestershire WR3 7PP3
£398K01/210.22 mi51, Meadow Road, Worcester, Worcestershire WR3 7PP3
£272K01/230.22 mi6, Meadow Road, Worcester, Worcestershire WR3 7PP3
£395K04/210.22 mi38, Meadow Road, Worcester, Worcestershire WR3 7PP3
£432K09/230.22 mi37, Meadow Road, Worcester, Worcestershire WR3 7PP3
£205K06/210.23 mi17, Colin Road, Worcester, Worcestershire WR3 7DE3
£257.5K01/210.23 mi9, Colin Road, Worcester, Worcestershire WR3 7DE3
£295K09/230.23 mi224, Northwick Road, Worcester, Worcestershire WR3 7EH3
£322.4K07/230.23 mi37, Dorothy Crescent, Worcester, Worcestershire WR3 7DD3
£310K04/210.23 mi13, Dorothy Crescent, Worcester, Worcestershire WR3 7DD3
£275K08/210.23 mi28, Dorothy Crescent, Worcester, Worcestershire WR3 7DD3
£213.5K04/210.25 mi173, Northwick Road, Worcester, Worcestershire WR3 7EJ3
£312K12/220.25 mi49, Dorothy Crescent, Worcester, Worcestershire WR3 7DD3
£385K11/220.26 mi8, Philip Road, Worcester, Worcestershire WR3 7HH3
£542K11/200.29 mi91, Cornmeadow Lane, Worcester, Worcestershire WR3 7PL3
£296.5K06/210.3 mi7, Lucerne Close, Worcester, Worcestershire WR3 7NA3
£349K06/210.3 mi20, The Grove, Worcester, Worcestershire WR3 7NZ3
£505K12/200.33 mi13, Beckett Road, Worcester, Worcestershire WR3 7NH3
£311K04/210.34 mi20, Cornmeadow Lane, Worcester, Worcestershire WR3 7NY3
£263.5K06/210.35 mi110, Cornmeadow Lane, Worcester, Worcestershire WR3 7PW3
£191.8K01/210.36 mi11a, St Annes Road, Worcester, Worcestershire WR3 7PE3
£260K06/210.37 mi10, Morrin Close, Worcester, Worcestershire WR3 7PF3
£367.5K02/210.39 mi162, Northwick Road, Worcester, Worcestershire WR3 7EG3
£352.5K11/200.39 mi164, Northwick Road, Worcester, Worcestershire WR3 7EG3
£310K11/220.4 mi15, Eltric Road, Worcester, Worcestershire WR3 7NU3
£455K03/230.4 mi6, St Moritz Close, Worcester, Worcestershire WR3 7ND3

Local Rents

50 rents from £550/mo to £3K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,20012/240.09 mi-3
£1,50002/250.19 mi-3
£67511/240.28 miCornmeadow Lane, Worcester1
£86011/240.65 mi-2
£87507/240.65 mi-2
£1,12511/240.67 miChalfont Close, Northwick, Worcester, WR33
£85011/240.87 miBarbourne Works, Northwick Avenue, Worcester, WR32
£89511/240.88 miPerdiswell Street, Worcester, WR32
£55011/240.95 miOmbersley Road, Barbourne, Worcester, WR31
£2,20011/240.99 mi1 Greenhill Farm Barns, Hallow, Worcester3
£95001/251.02 mi-2
£1,39502/251.03 mi-3
£55010/241.09 mi-1
£55004/251.09 mi-1
£85011/231.11 mi-2
£90012/241.11 mi-2
£95002/251.12 mi-2
£92504/251.14 mi-2
£82510/241.14 mi-1
£87511/241.14 mi-1
£82011/241.16 mi-2
£1,25011/241.2 miBarbourne Lane, Worcester3
£3,00004/251.21 mi-3
£95011/241.21 mi**LET AGREED** Hallow, WR22
£89503/251.22 mi-1
£62511/241.25 mi*LET AGREED*Barbourne, WR11
£79511/241.25 miBarbourne Road, Worcester, Worcestershire, WR12
£1,10011/241.25 miSomers Road, Barbourne, Worcester, WR13
£92503/251.27 mi-2
£1,00011/241.29 miThe Lane, WORCESTER2
£2,20011/241.31 miMoseley Road, Hallow, Worcester, Worcestershire, WR24
£1,30011/241.31 mi-3
£1,35004/251.31 mi-3
£90011/241.31 miKiln Crescent, Worcester, Worcestershire, WR32
£1,05003/251.32 mi-3
£90007/241.34 mi-2
£1,20007/231.34 mi-3
£97511/241.36 miGregorys Bank, Barbourne, Worcester, WR32
£75011/241.38 miTredennyke House, Barbourne Terrace1
£90011/241.38 miSt. Georges Lane South, Barbourne, Worcester, WR12
£1,25011/241.41 miRibston Close, St. Johns, Worcester, WR23
£89511/241.44 miOld Baskerville, Barbourne Road, Worcester2
£75011/241.46 miFlat 7, Old Baskerville, Barbourne Road, Worcester, Worcestershire, WR1 1RU2
£85011/241.46 miThorneloe Place, Thorneloe Walk, Worcester, Worcestershire, WR12
£1,12511/241.5 miMonarch Drive, Worcester, WR23
£69511/241.5 miHaydn House, Cumberland Street, Worcester1
£1,79004/251.51 mi-3
£85011/241.51 miBarbourne Road, Worcester, WR12
£69511/241.51 mi-1
£72508/241.51 mi-1

Local Area Statistics

Population in WR3

20,397

Population in Worcester

142,140

Town centre distance

2.45 miles away

Nearest school

0.60 miles away

Nearest train station

2 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £450,000

March 17, 2025

Floor Plans

Description

  • Well proportioned three bedroom detached family home +
  • Spacious private garden ideal for outdoor activities +
  • Generous living room and separate cosy snug +
  • Well equipped kitchen with modern practical layout +
  • Garage and driveway with ample off road parking +
  • Peaceful Worcester location with great transport links +
  • Close to schools shops and leisure facilities +
  • Easy access to city centre and countryside +

Spacious and versatile, this bungalow with the addition of a first floor bedroom is ideal for those looking to personalise their home and make it truly their own.

• Well proportioned three bedroom detached home offering flexible living space.

• Large private garden, perfect for outdoor relaxation and activities.

• Generous living room and separate snug, ideal for family life and entertaining.

• Well equipped kitchen with modern fittings and a practical layout.

• Garage and driveway providing off road parking for multiple vehicles.

• Located in a desirable Worcester neighbourhood with excellent transport links and amenities.

The living room
This spacious living room offers plenty of room for both relaxation and entertaining. With an accent stone fireplace that creates a focal point for the room and allows the room to be centred around it.

The snug
A welcoming and cosy space, the snug is perfect for relaxed evenings or as an additional family area. Large windows flood the room with natural light, creating a bright and inviting atmosphere.

The kitchen
This well-appointed kitchen boasts a contemporary design with sleek cabinetry, modern appliances and generous worktop space. With ample storage and room for meal preparation, it is both functional and stylish. The room has space for a dining table and there's easy access to the rear garden and a cloakroom.

Bedroom one
The only room that occupies the first floor, this spacious double bedroom is a wonderfully tranquil part of the home. The two west facing windows let in ample light and allow for sunset views further adding to the relaxing allure of the room.

Bedroom two
A well sized bedroom situated on the ground floor, offers flexibility as a bedroom, home office or hobby space. Its practical layout and convenient positioning make it a valuable addition to the home.

Bedroom three
A substantial ground floor bedroom featuring ample space for a double bed and storage. Conveniently located near the main bathroom, it is ideal for guests or family members who prefer single-level living.

The bathroom
This home benefits from a well-appointed main bathroom and an additional cloakroom for convenience. The main bathroom features a bath, shower and essential fittings and with room for modernisation.

The garden
A generous and private rear garden offers an excellent outdoor space, perfect for summer entertaining, gardening or simply relaxing. With a mix of lawn and patio areas, it provides a versatile setting for a variety of outdoor activities.

Situated in a sought-after area of Worcester, this home benefits from a peaceful residential setting while remaining well-connected. The area offers excellent transport links, including easy access to the M5 and nearby train stations for convenient commuting.

A selection of highly regarded schools, local shops and leisure facilities are all within easy reach. The nearby River Severn and local green spaces provide wonderful opportunities for outdoor activities, while Worcester city centre is just a short drive away, offering a vibrant mix of restaurants, shopping and cultural attractions.

This property benefits from mains gas, electric and water.

Council tax band E

Reservation Fee - refundable on exchange

A reservation fee, refundable on exchange, is payable prior to the issue of the Memorandum of Sale and after which the property may be marked as Sold Subject to Contract. The fee will be reimbursed upon the successful Exchange of Contracts.

The fee will be retained by Andrew Grant in the event that you the buyer withdraws from the purchase or does not Exchange within 6 months of the fee being received other than for one or more of the following reasons:

1. Any significant material issues highlighted in a survey that were not evident or drawn to the attention of you the buyer prior to the Memorandum of Sale being issued.
2. Serious and material defect in the seller’s legal title.
3. Local search revealing a matter that has a material adverse effect on the market value of the property that was previously undeclared and not in the public domain.
4. The vendor withdrawing the property from sale.

The reservation fee will be 0.5% of the accepted offer price for offers below £800,000 and 1% for offers of £800,000 or over. This fee, unless specified otherwise, is payable upon acceptance by the vendor of an offer from a buyer and completion of an assessment of the buyer’s financial status and ability to proceed.

Should a buyer’s financial position regarding the funding of the property prove to be fundamentally different from that declared by the buyer when the Memorandum of Sale was completed, then the Vendor has the right to withdraw from the sale and/or the reservation fee retained. For example, where the buyer declares themselves as a cash buyer but are in fact relying on an unsecured sale of their property.

Once the reservation fee has been paid, any renegotiation of the price stated in the memorandum of sale for any reason other than those covered in points 1 to 3 above will lead to the reservation fee being retained. A further fee will be levied on any subsequent reduced offer that is accepted by the vendor. This further fee will be subject to the same conditions that prevail for all reservation fees outlined above.

Agent Details

Andrew Grant, Covering the West Midlands

01905 673182

Next Steps?

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