8 Steeple Close, Cleobury Mortimer, Worcestershire, DY14 8PD

Description

A recently renovated three-bedroom home situated in Cleobury Mortimer, within easy reach of local amenities, schools and public transport links. The property has undergone significant improvements, including a modern kitchen, a reconfigured and replumbed bathroom, updated electrics and new storage heaters. Freshly painted throughout, the home has also benefited from repairs to the roof, guttering and chimney. Outside, a new driveway and spacious garden provide useful parking and plenty of room for relaxing, entertaining and enjoying the outdoors.

Accommodation

Entrance Hall, Lounge, Kitchen, Utility, Bathroom, 3 Bedrooms, Garden and Gravelled Driveway. Lounge 14'7" x 10'9"; Kitchen/Diner 14'6" x 10'9"; Utility 5'10" x 10'2"; Bedroom 1 11'6" x 11'2"; Bedroom 2 12'11" x 10'6"; Bedroom 3 9'0" x 7'10"; Bathroom 8'4" x 5'6".

Location

Situated in Cleobury Mortimer, within easy reach of local amenities, schools and public transport links. Shops, pubs and restaurants are nearby.

Tenure / Property Information

Investment Analysis

The same-development evidence ranges from £170,000 to £208,000 in 2026, while the subject property recorded £115,000 in 2023. The lower historical sales may reflect earlier condition or transaction circumstances, which are not evidenced. Given the described renovation, a cautious HB value range of £170,000–£208,000 is supportable, with £190,000 used as the base GDV. This remains indicative because the comparables are not fully detailed and the sales evidence is inconsistent.

Investment Snapshot

Strategy Recommendation

Treat as a renovated owner-occupier or resale opportunity rather than an underwritten BTL or BRRR. Only proceed if the purchase price is materially below the guide midpoint and legal-pack, valuation and resale risks are acceptable.

Works Required

No further refurbishment works are evidenced. The property is described as recently renovated, with improvements to the kitchen, bathroom, electrics, heating, roof, guttering, chimney, decoration, driveway and garden. A works budget cannot be quantified from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £160,000 guide midpoint, known purchase costs produce a minimum analysed cost of £163,840 before any unquantified works, legal costs or other disbursements. A 75% refinance of the £190,000 base GDV is £142,500, leaving approximately £21,340 in the property before finance and tax. The estimated maximum purchase price of £138,660 is below the stated guide range, so a cash-recycling BRRR outcome is not supported at guide pricing.

Buy-to-Let Analysis

BTL assessment is not possible because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The EPC is D and the property has new storage heaters, but no supported rent or operating-cost evidence is available. At the £160,000 guide midpoint, known buyer premium and admin charges add £3,840, before any other legal-pack or disbursement costs.

Flip Analysis

Against the £190,000 base GDV, the guide-midpoint purchase plus known buyer and admin charges totals £163,840 before selling costs, finance, tax and any additional works. This indicates a gross pre-selling-cost margin of £26,160, but no supported selling-cost allowance is available, so a reliable flip surplus cannot be calculated. The margin is sensitive to the inconsistent comparable evidence.

Maximum Bid Indicator

This is an HB screening estimate based on the supplied evidence and HB assumptions. It is not a formal valuation or instruction to bid.

Investor Risks & Due Diligence

• Same-development sales evidence is inconsistent, ranging from £70,000 to £208,000.

• No sufficiently specific rental evidence is available, preventing a supported BTL yield assessment.

• The £160,000 total-cost calculation excludes unspecified legal, search, transfer, seller-cost reimbursement and other disbursement charges.

• No quantified refurbishment or post-renovation inspection budget is supplied.

• The indicative resale margin depends on achieving the estimated £190,000 GDV and excludes finance, tax and selling costs.

Recommendation

Treat as a renovated owner-occupier or resale opportunity rather than an underwritten BTL or BRRR. Only proceed if the purchase price is materially below the guide midpoint and legal-pack, valuation and resale risks are acceptable.

Strategy Rating

Analysis Confidence

The description, tenure, known auction charges and several same-development sold comparables are supplied, but there is no rental evidence, no quantified works budget, no council-tax data and conflicting historical sale prices. Other purchase and selling costs are also unspecified.