4 Bed HMO, Worcester, WR2 5BL, £230,000

Penavon, Nelson Road, St Johns, Worcester, WR2 5BL - 3 views - 9 months ago

Sold STC
HMO
ROI: 10%
~106 m²
+1 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Total Cash In

£70,200

 

 

Cash Out

 

Room Rate

£555

Gross Rent

£2,220

Running Costs/mo

£1,639

Cashflow/mo

£581

Cashflow/yr

£6,972

ROI

10%

Gross Yield

12%













Property History

Price changed to £230,000

September 26, 2024

Listed for £240,000

July 26, 2024

Floor Plans

Description

  • Prime St John's Location +
  • WHAT3WORDS - PANEL/UPDATE/LEGAL +
  • USP -4 Bed HMO +
  • Investment opportunity +
  • GENEROUS SIZE BEDROOMS +
  • STUDENT OCCUPIED until AUG 2025 +

This property on Nelson Road, Worcester, presents an excellent investment opportunity. Currently set up as a House in Multiple Occupation (HMO) with four bedrooms, it has been successfully let directly to Worcester University Students for around 9 years. The property is well-maintained by a diligent landlord, ensuring it remains in good condition.

The property has still retained some of its original period features - evident when you step in and seen with the fireplace in the communal living room.

The ground floor features a front reception room currently used as the first of four bedrooms. This room could be easily be converted back to a lounge if desired. There is also a welcoming communal living area adjoined to kitchen/utility space, a downstairs cloakroom, and a useful cellar which has been cleverly converted into bedroom number two. The rear garden offers additional outdoor space for tenants or future occupants.

The first floor offers two more spacious double bedrooms and a good size family bathroom all light and airy and as Nelson Road is on a cul de sac also extremely quiet.

Located in the heart of St John's, the property benefits from its proximity to local amenities and Worcester University, which is within walking distance (circa 15 minutes). This makes it an attractive option for students and professionals alike. On-street parking adds to the convenience for tenants. The house is also conveniently located within 1 mile of the Foregate Street train station and only a short walk (circa 5 minutes) from St Clements CofE Primary School to name one of a few Schools within easy reach.

With its established rental history and prime location, this property is an ideal investment for those looking to expand their portfolio or start one.

Don't miss out on this opportunity; contact FREEAGENT247 today, take a look around and see what you think...#Investment #HMO #StudentLet

Agent Details

FreeAgent247.com HQ, Worcestershire

01905 905996

Next Steps?

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

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