2 Bed Flat, Single Let, Worcester, WR1 1HL, £160,000

Surman Street, Worcester, WR1 1HL - 1 views - a year ago

Leasehold
BTL
~64 m²
+12 photos

ValuationOvervalued

Sold Prices£80K - £270K
Sold Prices/m²£1.5K/m² - £3.4K/m²

 

 

Square Metres

~64 m²
Price/m²£2.5K/m²

Value Estimate

£149,324

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£650 - £2,167

Rent Estimate

£672

Running Costs/mo

£654

Cashflow/mo

£18

Cashflow/yr

£211

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £80K to £270K, average is £145.4K. £1.5K/m² to £3.4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£150K09/210.07 miFlat 11, Crown Green Court, St Marys Street, Worcester, Worcestershire WR1 1HA2
£144K04/210.07 miFlat 2, Crown Green Court, St Marys Street, Worcester, Worcestershire WR1 1HA2
£155K12/200.07 miFlat 17, Crown Green Court, St Marys Street, Worcester, Worcestershire WR1 1HA2
£137.5K03/210.09 miFlat 16, St Marys Court, Sansome Walk, Worcester, Worcestershire WR1 1NU2
£130K04/210.12 mi29, Moor Street, Worcester, Worcestershire WR1 3DB2
£155K06/230.15 mi16, King Edmunds Square, Worcester, Worcestershire WR1 3NL2
£145K06/230.15 mi14, King Edmunds Square, Worcester, Worcestershire WR1 3NL2
£270K08/230.15 miApartment 2, Victoria Institute, Sansome Walk, Worcester, Worcestershire WR1 1DF2
£180K11/230.21 miApartment 6, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£170K11/200.21 miApartment 6, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£164K06/210.21 miApartment 1, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£148K07/210.28 mi77, Lion Court, Worcester, Worcestershire WR1 1UT2
£167.5K03/230.28 mi65, Lion Court, Worcester, Worcestershire WR1 1UT2
£145.8K07/210.28 mi61, Lion Court, Worcester, Worcestershire WR1 1UT2
£148K02/210.28 mi79, Lion Court, Worcester, Worcestershire WR1 1UT2
£155K07/230.3 mi37, Sansome Place, Worcester, Worcestershire WR1 1UA2
£165K12/230.31 mi47, Magdala Court, Worcester, Worcestershire WR1 3PB2
£187.7K11/230.32 miFlat 24, Gresham Court, Shrubbery Avenue, Worcester, Worcestershire WR1 1QH2
£160K07/230.32 miFlat 11, Gresham Court, Shrubbery Avenue, Worcester, Worcestershire WR1 1QH2
£120K06/210.37 miFlat 22, Anchor House, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2
£88K05/230.37 miFlat 4, Quay House, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2
£80K10/230.37 miWharf House, Flat 17, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2
£140K12/200.42 miFlat 53, Newport House, Newport Street, Worcester, Worcestershire WR1 3NG2
£131.5K12/200.43 mi22, Lansdowne Rise, Worcester, Worcestershire WR3 8LN2
£101K11/200.49 miFlat 43, Gheluvelt Court, Brook Street, Worcester, Worcestershire WR1 1JB2
£89K06/210.49 miFlat 25, Gheluvelt Court, Brook Street, Worcester, Worcestershire WR1 1JB2
£90K07/230.49 miFlat 26, Gheluvelt Court, Brook Street, Worcester, Worcestershire WR1 1JB2
£85K11/230.49 miFlat 42, Gheluvelt Court, Brook Street, Worcester, Worcestershire WR1 1JB2
£135K12/220.55 mi12, Vesta Tilley Court, Worcester, Worcestershire WR1 2BL2
£145K07/210.57 miFlat 3, Fairfax House, Fish Street, Worcester, Worcestershire WR1 2HN2
£135K10/210.59 mi9, Turrall Street, Worcester, Worcestershire WR3 8AJ2
£150K01/230.61 miFlat 2, Wyatts Mews, Union Street, Worcester, Worcestershire WR1 2AS2
£137K11/210.63 miFlat 10, Amber Reach, Spring Lane, Worcester, Worcestershire WR5 1AU2
£97K02/210.65 mi75, Friar Street, Worcester, Worcestershire WR1 2NA2
£120K09/220.66 mi24, Gregorys Mill Street, Worcester, Worcestershire WR3 8AW2
£137.5K10/230.7 miFlat 4, Arlington Court, Droitwich Road, Worcester, Worcestershire WR3 7LG2
£182.5K08/230.72 mi7, Hardy Court, Worcester, Worcestershire WR3 8AT2
£168K08/220.72 mi37, Hardy Court, Worcester, Worcestershire WR3 8AT2
£182K08/230.72 mi67, Hardy Court, Worcester, Worcestershire WR3 8AT2
£240K08/230.72 mi45, Hardy Court, Worcester, Worcestershire WR3 8AT2
£195K11/220.75 mi48, Addison Road, Worcester, Worcestershire WR3 8EA2
£182K10/200.77 mi70, Addison Road, Worcester, Worcestershire WR3 8EA2
£175K06/210.77 mi60, Addison Road, Worcester, Worcestershire WR3 8EA2
£190K05/210.77 mi68, Addison Road, Worcester, Worcestershire WR3 8EA2
£128K06/210.77 mi21, Coleridge Close, Worcester, Worcestershire WR3 8EF2
£135K09/210.8 mi8, Bromwich Road, Worcester, Worcestershire WR2 4AA2
£105K02/230.81 mi22, Lapal Close, Worcester, Worcestershire WR2 5HT2
£145K04/230.81 mi28, Lapal Close, Worcester, Worcestershire WR2 5HT2
£140K09/230.84 mi19, Kennet Green, Worcester, Worcestershire WR5 1JQ2
£150K06/230.84 mi9, Kennet Green, Worcester, Worcestershire WR5 1JQ2

Local Rents

40 rents from £650/mo to £2.2K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,09511/240 miSurman Street, Worcester, WR1 1HL2
£1,30011/240 miSurman Street, Worcester2
£89501/250.03 mi-2
£90003/250.05 mi-2
£99511/240.17 miNorthfield Street, Worcester, Worcestershire, WR12
£95002/250.18 mi-2
£65002/240.18 mi-2
£67511/240.19 miArboretum Road, Worcester2
£82511/240.2 miChestnut Street, Arboretum, Worcester, WR12
£1,25012/240.21 mi-2
£97510/240.23 mi-2
£85011/240.25 mi-2
£85011/240.25 miBarbourne Road, Worcester, WR12
£92503/250.26 mi-2
£90011/240.26 miSouthfield Street, WORCESTER2
£1,35003/250.27 mi-2
£82511/240.28 miPOPULAR CITY CENTRE LOCATION - Lion Court, Worcester, WR12
£1,25011/240.28 miForegate Street, Worcester2
£87511/240.31 miMagdala Court, The Butts, Worcester, Worcestershire, WR12
£75011/240.32 miFlat 7, Old Baskerville, Barbourne Road, Worcester, Worcestershire, WR1 1RU2
£89511/240.32 miOld Baskerville, Barbourne Road, Worcester2
£85011/240.32 miThorneloe Place, Thorneloe Walk, Worcester, Worcestershire, WR12
£90011/240.39 miSt. Georges Lane South, Barbourne, Worcester, WR12
£90001/250.41 mi-2
£90007/240.43 mi-2
£97511/240.49 miGregorys Bank, Barbourne, Worcester, WR32
£1,00011/240.51 miThe Lane, WORCESTER2
£79511/240.52 miBarbourne Road, Worcester, Worcestershire, WR12
£75011/240.52 miNicol Court, Nashs Passage, Worcester, Worcestershire, WR1 2AN2
£1,10011/240.53 miThe Old Fire Station, Copenhagen Street2
£75011/240.53 miWorcester, Worcestershire2
£99511/240.54 mi-2
£75011/240.54 mi21 Nicol Court, Nashs Passage, Worcester, Worcestershire, WR1 2AN2
£90011/240.55 miKiln Crescent, Worcester, Worcestershire, WR32
£2,16711/240.57 mi-2
£70011/240.58 miAshford House, Rainbow Hill, Worcester, WR32
£85007/230.59 mi-2
£92509/240.59 mi-2
£85011/240.61 miHenwick Road, WORCESTER2
£85011/240.61 miSt Johns, Worcester2

Local Area Statistics

Population in WR1

9,229

Population in Worcester

142,140

Town centre distance

0.71 miles away

Nearest school

0.20 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £160,000

May 22, 2024

Floor Plans

Description

  • Two bedroom apartment +
  • City centre location +
  • Secure gated parking +
  • No onward chain +

Located conveniently within the city centre is this duplex apartment offering secure gated parking. Ideal for first time or investor buyers, the apartment is offered for sale with no onward chain. The apartment comprises of entrance hall, sitting room, kitchen, two bathrooms and two bedrooms Viewing advised! Service charge = £2,000 a year. Ground rent = £100 a year. There are 997 years left on the lease.

Agent Details

Hills Estate Agents, Worcester

01905 975042

Next Steps?

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