2 Bed Flat, Single Let, Worcester, WR5 1DA, £275,000

221 Rectory Place, Wylds Lane, Worcester, WR5 1DA - a year ago

Sold STC
Leasehold
BTL
~85 m²
+14 photos

ValuationOvervalued

Sold Prices£74.8K - £290K
Sold Prices/m²£1.5K/m² - £11.5K/m²

 

 

Square Metres

~84.50 m²
Price/m²£3.3K/m²

Value Estimate

£198,222

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£87,450

 

 

Cash Out

 

Rent Range

£750 - £1,350

Rent Estimate

£750

Running Costs/mo

£1,029

Cashflow/mo

£-279

Cashflow/yr

£-3,352

Gross Yield

3%

Local Sold Prices

50 sold prices from £74.8K to £290K, average is £148K. £1.5K/m² to £11.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£209K12/200.15 miApartment 4, Stinton Court, Princes Drive, Worcester, Worcestershire WR1 2PE2
£97K02/210.15 mi75, Friar Street, Worcester, Worcestershire WR1 2NA2
£150K01/230.17 miFlat 2, Wyatts Mews, Union Street, Worcester, Worcestershire WR1 2AS2
£179K03/240.21 miThe Loft, Battenhall Place, Worcester, Worcestershire WR5 2DT2
£183K03/230.26 miFlat 25, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£145K07/210.27 miFlat 3, Fairfax House, Fish Street, Worcester, Worcestershire WR1 2HN2
£230K09/230.27 miAlbion Mill, Flat 32, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£76K06/230.27 miFlat 17, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£80.5K01/230.27 miFlat 29, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£137.5K11/230.29 mi48, Albert Road, Worcester, Worcestershire WR5 1EB2
£137K11/210.29 miFlat 10, Amber Reach, Spring Lane, Worcester, Worcestershire WR5 1AU2
£85K08/230.3 mi72, Portland Street, Diglis, Worcester, Worcestershire WR1 2NW2
£135K12/220.3 mi12, Vesta Tilley Court, Worcester, Worcestershire WR1 2BL2
£207.5K10/200.33 miPlot 17, Diglis Road, Worcester, Worcestershire WR5 3BW2
£100K10/200.36 mi41, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£151K04/230.39 mi53, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£135K08/230.39 mi1, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£115K12/200.39 mi11, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£137K11/230.39 mi6, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£100K10/200.39 mi41, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£137K04/230.39 mi12, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£130K10/200.39 mi29, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£74.8K05/210.39 mi8, Sawmill Close, Worcester, Worcestershire WR5 1EU2
£240K05/210.4 miFlat 54, Harry Davis Court, Armstrong Drive, Worcester, Worcestershire WR1 2AJ2
£242.5K03/230.4 miApartment 11, Waters Edge, Armstrong Drive, Worcester, Worcestershire WR1 2GJ2
£285K03/230.4 miApartment 4, Waters Edge, Armstrong Drive, Worcester, Worcestershire WR1 2GJ2
£240K12/200.4 miApartment 7, Waters Edge, Armstrong Drive, Worcester, Worcestershire WR1 2GJ2
£210K07/230.41 miFlat 93, Harry Davis Court, Armstrong Drive, Worcester, Worcestershire WR1 2AJ2
£140K09/230.49 mi19, Kennet Green, Worcester, Worcestershire WR5 1JQ2
£150K06/230.49 mi9, Kennet Green, Worcester, Worcestershire WR5 1JQ2
£175K07/240.49 mi31, Kennet Green, Worcester, Worcestershire WR5 1JQ2
£155K07/230.51 mi37, Sansome Place, Worcester, Worcestershire WR1 1UA2
£140K12/200.53 miFlat 53, Newport House, Newport Street, Worcester, Worcestershire WR1 3NG2
£148K07/210.54 mi77, Lion Court, Worcester, Worcestershire WR1 1UT2
£167.5K03/230.54 mi65, Lion Court, Worcester, Worcestershire WR1 1UT2
£145.8K07/210.54 mi61, Lion Court, Worcester, Worcestershire WR1 1UT2
£148K02/210.54 mi79, Lion Court, Worcester, Worcestershire WR1 1UT2
£165K12/230.56 mi47, Magdala Court, Worcester, Worcestershire WR1 3PB2
£120K06/210.57 miFlat 22, Anchor House, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2
£88K05/230.57 miFlat 4, Quay House, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2
£80K10/230.57 miWharf House, Flat 17, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2
£290K10/230.6 miApartment 19, Aston Court, Basin Road, Worcester, Worcestershire WR5 3FR2
£170K11/200.62 miApartment 6, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£164K06/210.62 miApartment 1, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£180K11/230.62 miApartment 6, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£270K08/230.62 miApartment 2, Victoria Institute, Sansome Walk, Worcester, Worcestershire WR1 1DF2
£135K09/210.7 mi8, Bromwich Road, Worcester, Worcestershire WR2 4AA2
£150K09/210.71 miFlat 11, Crown Green Court, St Marys Street, Worcester, Worcestershire WR1 1HA2
£144K04/210.71 miFlat 2, Crown Green Court, St Marys Street, Worcester, Worcestershire WR1 1HA2
£155K12/200.71 miFlat 17, Crown Green Court, St Marys Street, Worcester, Worcestershire WR1 1HA2

Local Rents

37 rents from £750/mo to £1.4K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£95011/240.12 miBath Road, Worcester, WR52
£89511/240.14 mi*LET AGREED* Bath Road, WR52
£99911/240.14 miFriar Street, Worcester, WR12
£99911/240.14 mi-2
£99903/250.14 mi-2
£1,05002/240.15 mi-2
£75011/240.15 miWyatts Mews, Union Street, Worcester City Centre, WR12
£79511/240.15 miCollege Street, Worcester2
£95011/240.16 mi-2
£95001/250.16 mi-2
£87511/240.17 miSevern Street, Worcester, Worcestershire2
£1,15012/240.21 mi-2
£1,05011/240.23 mi-2
£75011/240.23 mi21 Nicol Court, Nashs Passage, Worcester, Worcestershire, WR1 2AN2
£85011/240.24 miSt Wulstans Court, Bath Road, Worcester, WR52
£75011/240.24 miWorcester, Worcestershire2
£75011/240.25 miNicol Court, Nashs Passage, Worcester, Worcestershire, WR1 2AN2
£92511/240.29 miSpring Lane, WORCESTER2
£1,10011/240.32 miThe Old Fire Station, Copenhagen Street2
£89511/240.32 mi**LET AGREED** Diglis Road, WR52
£79511/240.32 miBattenhall Road, Worcestershire2
£83011/240.32 mi-2
£79511/240.34 miHill Street, Worcester2
£84003/250.35 mi-2
£1,25011/240.37 miApartment 21, Waters Reach, Armstrong Drive, Worcester, Worcestershire, WR1 2GH2
£95011/240.38 miByfield Rise, Worcester, WR52
£99511/240.49 mi-2
£1,25011/240.49 miForegate Street, Worcester2
£90001/250.51 mi-2
£1,35003/250.51 mi-2
£82511/240.54 miPOPULAR CITY CENTRE LOCATION - Lion Court, Worcester, WR12
£97502/250.55 mi-2
£87511/240.56 miMagdala Court, The Butts, Worcester, Worcestershire, WR12
£1,25012/240.56 mi-2
£1,15011/240.6 miWoodhouse Close, Riverbank Court, WR52
£97510/240.6 mi-2
£89511/240.61 miCavalier Crescent, Worcester, Worcestershire, WR52

Local Area Statistics

Population in WR5

30,933

Population in Worcester

142,140

Town centre distance

0.07 miles away

Nearest school

0.20 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Price changed to £275,000

January 23, 2025

Listed for £300,000

April 24, 2024

Floor Plans

Description

  • Freehold Share +
  • Open Plan Kitchen/Living/Dining Area +
  • Two Double Bedrooms +
  • En-Suite and Family Bathroom +
  • Secure Parking and Communal Garden +
  • Close to City Centre +
  • Lift Access +

Summary: A light and airy third floor, purpose built apartment located close to the City with views of the Cathedral and offers a share of the freehold. The apartment is open plan, giving this a modern and contemporary feel. The property in brief comprises; kitchen/living/dining room, two double bedrooms, en-suite and family bathroom. The property benefits from gas central heating, double glazing, lifts to the floors, communal garden and secure gated parking. Viewing is recommended to appreciate this lovely apartment. Description: Access is via communal entrance with lift to third floor. Door into hallway with storage cupboard. Double doors opening onto the open plan living/kitchen/dining area creating the feeling of space. Triple aspect windows, flooding the room with lots of natural light. The kitchen area offers base and eye level units with roll top work surfaces. Built in appliances to include; dishwasher, extractor fan, hob and oven. Space for fridge/freezer and plumbing for washing machine. Two double bedrooms with the main bedroom benefiting from en-suite shower room and views of the Cathedral. Both bedrooms have fitted wardrobes for convenience. The family bathroom offers a three piece white suite with half tiled walls. The property benefits from gas central heating, double glazing, lifts to the floors, communal garden and secure gated parking. Outside: Outside is secure gated parking and communal gardens with seating.  Location: This property is located in Wylds Lane and is within a short distance of Worcester City Centre with all the amenities that it has to offer including historic buildings, great bars, restaurants, and shops. The Commandery is a 2 minute walk from the property, offering a beautiful historic building and garden built on the site of an early medieval chapel. With seamless access to essential amenities, commuting is a breeze thanks to the proximity of Shrub Hill and Foregate Street Train Stations, as well as convenient reach to M5 Junctions 6 and 7. Birmingham airport lies within easy reach, perfect for those with a penchant for travel or business. For families seeking educational excellence, renowned institutions such as Kings School, complemented by a selection of esteemed local primary and high schools. Nature enthusiasts will delight in the abundance of green spaces nearby, including the tranquil parks of Fort Royal, Battenhall, and Diglis, as well as the idyllic Perry Wood Nature Reserve and Countryside Centre—offering endless opportunities for outdoor recreation and exploration. Experience the perfect fusion of urban convenience and natural beauty in this coveted locale—a place to call home where every amenity and adventure awaits at your doorstep. Agent Note: We are aware this property is leasehold. There are approx. 107 years remaining on the lease. The service charge is £220 approx per month and there is no ground rent, unlike many apartments. These charges include building insurance, maintenance & cleaning of shared facilities such as the lift, garden, entry gates, car park, stairwells. It is Council Tax band 'C'. These would need to be checked and verified by a solicitor.  Rooms: Lounge Kitchen Diner - 8.49m x 5.1m (27'10" x 16'8") max Master Bedroom - 3.53m x 4.06m (11'6" x 13'3") max Ensuite - 2.24m x 1.45m (7'4" x 4'9") Bedroom 2 - 3.33m x 2.87m (10'11" x 9'4") Bathroom - 2.84m x 1.88m (9'3" x 6'2") max _Please read the following: These particulars are for general guidance only and are based on information supplied and approved by the seller. Complete accuracy cannot be guaranteed and may be subject to errors and/or omissions. They do not constitute a contract or part of a contract in any way. We are not surveyors or conveyancing experts therefore we cannot and do not comment on the condition, issues relating to title or other legal issues that may affect this property. Interested parties should employ their own professionals to make enquiries before carrying out any transactional decisions. Photographs are provided for illustrative purposes only and the items shown in these are not necessarily included in the sale, unless specifically stated. The mention of any fixtures, fittings and/or appliances does not imply that they are in full efficient working order, and they have not been tested. All dimensions are approximate. We are not liable for any loss arising from the use of these details. _ Regulations require us to conduct identity and AML checks and gather information about every buyer's financial circumstances. These checks are essential in fulfilling our Customer Due Diligence obligations, which must be done before any property can be marked as sold subject to contract. The rules are set by law and enforced by trading standards. We will start these checks once you have made a provisionally agreeable offer on a property. The cost is £30 (including VAT) per property. This fee covers the expense of obtaining relevant data and any necessary manual checks and monitoring. It's paid in advance via our onboarding system, Kotini.

Agent Details

Arden Estates, Worcester

01905 672319

Next Steps?

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