3 Bed Terraced House, Refurb/BRRR, Kidderminster, DY10 1SJ, £130,000

Cherry Orchard, Kidderminster, DY10 1SJ - 3 views - a month ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£110K - £389K
Sold Prices/m²£1.3K/m² - £3.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£132,600

 

 

End Value (After Refurb)

£179,357

Uplift in Value

+38%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Refurb Costs

£36,849

Bridging Loan Interest

£3,413

Total Cash In

£82,212

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£179,357

Mortgage (After Refinance)

£134,518

Mortgage LTV

75%

Cash Released

£37,018

Cash Left In

£45,194

Equity

£44,839

Rent Range

£850 - £1,650

Rent Estimate

£1,006

Running Costs/mo

£782

Cashflow/mo

£224

Cashflow/yr

£2,692

ROI

3%

Gross Yield

9%

Local Sold Prices

50 sold prices from £110K to £389K, average is £171.3K. £1.3K/m² to £3.7K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£128.1K10/210.07 mi1, Lea Street, Kidderminster, Worcestershire DY10 1SW3
£255K12/220.07 mi25, St Georges Terrace, Kidderminster, Worcestershire DY10 1SQ3
£160K12/200.08 mi10, St Georges Terrace, Kidderminster, Worcestershire DY10 1SQ3
£145K05/230.08 mi13, St Georges Terrace, Kidderminster, Worcestershire DY10 1SQ3
£135K07/230.11 mi20, Anchorfields, Kidderminster, Worcestershire DY10 1PZ3
£170K12/220.12 mi55, East Street, Kidderminster, Worcestershire DY10 1SE3
£165K01/230.13 mi42, George Street, Kidderminster, Worcestershire DY10 1PY3
£175K06/210.13 mi102, Lea Street, Kidderminster, Worcestershire DY10 1SN3
£110K03/210.13 mi105, Lea Street, Kidderminster, Worcestershire DY10 1SN3
£140K08/230.13 mi64, Lea Street, Kidderminster, Worcestershire DY10 1SN3
£178K01/230.15 mi73, George Street, Kidderminster, Worcestershire DY10 1PY3
£144K04/210.16 mi187, Offmore Road, Kidderminster, Worcestershire DY10 1SB3
£152K02/210.16 mi171, Offmore Road, Kidderminster, Worcestershire DY10 1SB3
£144K04/210.16 mi187, Offmore Road, Kidderminster, Worcestershire DY10 1SB3
£170K08/230.16 mi181, Offmore Road, Kidderminster, Worcestershire DY10 1SB3
£156K01/210.17 mi25, Lorne Street, Kidderminster, Worcestershire DY10 1SY3
£164K09/210.19 mi12, Clarence Street, Kidderminster, Worcestershire DY10 1RS3
£215K12/200.19 mi27, Clarence Street, Kidderminster, Worcestershire DY10 1RS3
£152K12/200.19 mi16, Clarence Street, Kidderminster, Worcestershire DY10 1RS3
£162K05/230.2 mi110, Offmore Road, Kidderminster, Worcestershire DY10 1SL3
£181K08/230.21 mi54, Albert Road, Kidderminster, Worcestershire DY10 1SP3
£182.5K01/210.22 mi24a, Leswell Street, Kidderminster, Worcestershire DY10 1RP3
£145K04/230.23 mi17, Findon Street, Kidderminster, Worcestershire DY10 1PU3
£218K06/230.24 mi177, Chester Road North, Kidderminster, Worcestershire DY10 1TP3
£205K12/200.24 mi464, Chester Road North, Kidderminster, Worcestershire DY10 1TP3
£265K06/210.25 mi154, Chester Road South, Kidderminster, Worcestershire DY10 1XB3
£187.5K12/200.27 mi194, Chester Road North, Kidderminster, Worcestershire DY10 1TN3
£201.5K07/210.28 mi3, Stewart Court, Kidderminster, Worcestershire DY10 1UR3
£210K10/230.28 mi10, Stewart Court, Kidderminster, Worcestershire DY10 1UR3
£260K06/230.34 mi51, Hoo Road, Kidderminster, Worcestershire DY10 1NB3
£300K08/230.4 mi106, Holmcroft Road, Kidderminster, Worcestershire DY10 3AG3
£200K12/220.4 mi21, Gilbert Scott Way, Kidderminster, Worcestershire DY10 2EZ3
£175K09/230.42 mi5, Sycamore Close, Kidderminster, Worcestershire DY10 2EY3
£133.3K11/220.43 mi11, Radford Avenue, Kidderminster, Worcestershire DY10 2ES3
£113K01/210.43 mi41, Broom Crescent, Kidderminster, Worcestershire DY10 3BN3
£123K11/200.43 mi73, Broom Crescent, Kidderminster, Worcestershire DY10 3BN3
£155K05/210.45 mi127, Baxter Avenue, Kidderminster, Worcestershire DY10 2EX3
£261K01/210.45 mi44, Somerleyton Avenue, Kidderminster, Worcestershire DY10 3AS3
£154.9K04/210.46 mi18, Hawford Avenue, Kidderminster, Worcestershire DY10 3BH3
£112K02/210.46 mi22, Baxter Avenue, Kidderminster, Worcestershire DY10 2EU3
£157K08/230.46 mi10, Baxter Avenue, Kidderminster, Worcestershire DY10 2EU3
£215K05/230.46 mi88, Baxter Avenue, Kidderminster, Worcestershire DY10 2HB3
£235K06/210.46 mi92, Baxter Avenue, Kidderminster, Worcestershire DY10 2HB3
£172.5K07/230.46 mi109, Baxter Avenue, Kidderminster, Worcestershire DY10 2HB3
£310K10/230.48 mi5, Lyndholm Road, Kidderminster, Worcestershire DY10 1TJ3
£290K03/210.48 mi5, Lyndholm Road, Kidderminster, Worcestershire DY10 1TJ3
£270K07/230.5 mi3, Belvedere Close, Kidderminster, Worcestershire DY10 3AT3
£389K12/200.5 miWhite Gates, 4, Linden Avenue, Kidderminster, Worcestershire DY10 3AA3
£140K12/200.5 mi7, Norton Road, Kidderminster, Worcestershire DY10 3BJ3
£380K09/210.51 mi520, Chester Road South, Kidderminster, Worcestershire DY10 1XH3

Local Rents

11 rents from £850/mo to £1.6K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£90004/240.12 miEast Street, KIDDERMINSTER3
£87512/240.15 miLorne Street, Kidderminster3
£1,00012/240.2 miThe Firs Close, Kidderminster, Worcestershire3
£85012/240.21 miAlbert Road, Kidderminster, DY103
£95003/240.22 miLeswell Street, Kidderminster3
£95012/240.22 miLeswell Street, KIDDERMINSTER3
£1,10003/240.42 miSycamore Close, KIDDERMINSTER3
£90003/240.45 miRadford Avenue, KIDDERMINSTER3
£90012/240.45 miRadford Avenue, KIDDERMINSTER3
£1,65003/240.48 miBirmingham Road, KIDDERMINSTER3
£99512/240.57 miChester Road North, KIDDERMINSTER3

Local Area Statistics

Population in DY10

35,493

Population in Kidderminster

74,037

Town centre distance

0.04 miles away

Nearest school

0.20 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £130,000

March 19, 2025

Floor Plans

Description

  • 3 Double Bedroom Family Home +
  • Excellent Investment Opportunity +
  • Ideal Renovation Project +
  • Double Glazing Throughout +
  • Off-Road Parking +
  • Convenient Location +
  • Close To Train Station And All Amenities +
  • Book A Viewing 24/7 Via Purplebricks App/Website +

The Property
3 BEDROOM FAMILY HOME - EXCELLENT INVESTMENT/RENOVATION PROJECT - OFF ROAD PARKING - DOUBLE GLAZING THROUGHOUT - CONVENIENT LOCATION - ABSOLUTE MUST SEE!

*Viewing is highly recommended to se the full potential of this property - Book a viewing 24/7 via the PurpleBricks app or website*

A fantastic opportunity to renovate this 3 double bedroom end terrace family home, boasting an elevated position offering high levels of privacy and off-road parking.
Conveniently located with excellent transport links to Birmingham and Worcester, within catchment areas of several OFSTED highly rate schools, and only a short walk to Kidderminster train station and town centre, this property would make an ideal investment for first time-buyers and landlords alike.

Comprising: Hallway - Living Room - Dining Room/2nd Reception Room - Kitchen - Downstairs Bathroom - Cellar - Family Shower Room - and 3 Double Bedrooms.
Outside: To the front, a substantial garden with off-road parking. And to the rear, a highly private garden

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Dudley

020 3907 3618

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪