2 Bed Flat, Single Let, Worcester, WR2 5FX, £160,000

Hadley Place, WORCESTER, WR2 5FX - 5 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£76K - £290K
Sold Prices/m²£1.6K/m² - £11.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£171,038
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£680 - £1,100

Rent Estimate

£850

Running Costs/mo

£690

Cashflow/mo

£160

Cashflow/yr

£1,920

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £76K to £290K, average is £149K. £1.6K/m² to £11.5K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£98K09/230.3 mi93, Grenville Road, Worcester, Worcestershire WR2 5RN2
£107K11/200.38 mi45, Grenville Road, Worcester, Worcestershire WR2 5RL2
£145K04/230.61 mi28, Lapal Close, Worcester, Worcestershire WR2 5HT2
£105K02/230.61 mi22, Lapal Close, Worcester, Worcestershire WR2 5HT2
£120K03/210.65 mi3, King Charles Place, Worcester, Worcestershire WR2 5AJ2
£157.5K05/220.77 mi9, Hales Orchard, Worcester, Worcestershire WR2 4BY2
£135K09/210.79 mi8, Bromwich Road, Worcester, Worcestershire WR2 4AA2
£140K12/201.11 miFlat 53, Newport House, Newport Street, Worcester, Worcestershire WR1 3NG2
£165K12/231.18 mi47, Magdala Court, Worcester, Worcestershire WR1 3PB2
£210K07/231.23 miFlat 93, Harry Davis Court, Armstrong Drive, Worcester, Worcestershire WR1 2AJ2
£155K06/231.23 mi16, King Edmunds Square, Worcester, Worcestershire WR1 3NL2
£145K06/231.23 mi14, King Edmunds Square, Worcester, Worcestershire WR1 3NL2
£240K05/211.24 miFlat 54, Harry Davis Court, Armstrong Drive, Worcester, Worcestershire WR1 2AJ2
£290K10/231.25 miApartment 19, Aston Court, Basin Road, Worcester, Worcestershire WR5 3FR2
£242.5K03/231.26 miApartment 11, Waters Edge, Armstrong Drive, Worcester, Worcestershire WR1 2GJ2
£285K03/231.26 miApartment 4, Waters Edge, Armstrong Drive, Worcester, Worcestershire WR1 2GJ2
£240K12/201.26 miApartment 7, Waters Edge, Armstrong Drive, Worcester, Worcestershire WR1 2GJ2
£130K04/211.27 mi29, Moor Street, Worcester, Worcestershire WR1 3DB2
£145K07/211.28 miFlat 3, Fairfax House, Fish Street, Worcester, Worcestershire WR1 2HN2
£85K08/231.3 mi72, Portland Street, Diglis, Worcester, Worcestershire WR1 2NW2
£183K03/231.32 miFlat 25, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£230K09/231.32 miAlbion Mill, Flat 32, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£76K06/231.32 miFlat 17, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£80.5K01/231.32 miFlat 29, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£207.5K10/201.34 miPlot 17, Diglis Road, Worcester, Worcestershire WR5 3BW2
£97K02/211.37 mi75, Friar Street, Worcester, Worcestershire WR1 2NA2
£150K01/231.38 miFlat 2, Wyatts Mews, Union Street, Worcester, Worcestershire WR1 2AS2
£270K08/231.39 miApartment 2, Victoria Institute, Sansome Walk, Worcester, Worcestershire WR1 1DF2
£209K12/201.39 miApartment 4, Stinton Court, Princes Drive, Worcester, Worcestershire WR1 2PE2
£150K09/211.4 miFlat 11, Crown Green Court, St Marys Street, Worcester, Worcestershire WR1 1HA2
£144K04/211.4 miFlat 2, Crown Green Court, St Marys Street, Worcester, Worcestershire WR1 1HA2
£155K12/201.4 miFlat 17, Crown Green Court, St Marys Street, Worcester, Worcestershire WR1 1HA2
£137.5K03/211.46 miFlat 16, St Marys Court, Sansome Walk, Worcester, Worcestershire WR1 1NU2
£155K07/231.49 mi37, Sansome Place, Worcester, Worcestershire WR1 1UA2
£180K11/231.49 miApartment 6, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£170K11/201.5 miApartment 6, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£164K06/211.5 miApartment 1, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£148K07/211.5 mi77, Lion Court, Worcester, Worcestershire WR1 1UT2
£167.5K03/231.5 mi65, Lion Court, Worcester, Worcestershire WR1 1UT2
£145.8K07/211.5 mi61, Lion Court, Worcester, Worcestershire WR1 1UT2
£148K02/211.5 mi79, Lion Court, Worcester, Worcestershire WR1 1UT2
£135K12/221.58 mi12, Vesta Tilley Court, Worcester, Worcestershire WR1 2BL2
£179K03/241.58 miThe Loft, Battenhall Place, Worcester, Worcestershire WR5 2DT2
£187.7K11/231.58 miFlat 24, Gresham Court, Shrubbery Avenue, Worcester, Worcestershire WR1 1QH2
£160K07/231.58 miFlat 11, Gresham Court, Shrubbery Avenue, Worcester, Worcestershire WR1 1QH2
£101K11/201.63 miFlat 43, Gheluvelt Court, Brook Street, Worcester, Worcestershire WR1 1JB2
£89K06/211.63 miFlat 25, Gheluvelt Court, Brook Street, Worcester, Worcestershire WR1 1JB2
£90K07/231.63 miFlat 26, Gheluvelt Court, Brook Street, Worcester, Worcestershire WR1 1JB2
£85K11/231.63 miFlat 42, Gheluvelt Court, Brook Street, Worcester, Worcestershire WR1 1JB2
£120K06/211.63 miFlat 22, Anchor House, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2

Local Rents

17 rents from £680/mo to £1.1K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£89511/240.24 miCordwainers Court, Willis Place, Worcester2
£97511/240.25 miWillis Place, WORCESTER2
£68011/240.28 miFlat 7, Cinderella Court, Watery Lane, Worcester2
£95011/240.49 miCider Mill Close, Rushwick, Worcester, WR22
£85011/240.5 miBozward Street, Worcester, Worcestershire, WR22
£87503/250.55 mi-2
£1,00011/240.55 miSnowdrop Way, Rushwick2
£1,10008/240.57 mi-2
£85011/240.64 miLapal Close, Worcester2
£92511/240.68 miApartment2
£92511/240.7 miIngles Drive, Worcester, Worcester2
£85011/240.77 miHenwick Road, WORCESTER2
£85011/240.77 miSt Johns, Worcester2
£99509/240.86 mi-2
£85011/241.07 miHenwick Road, WORCESTER2
£90001/251.14 mi-2
£87511/241.18 miMagdala Court, The Butts, Worcester, Worcestershire, WR12

Local Area Statistics

Population in WR2

29,799

Population in Worcester

142,140

Town centre distance

1.49 miles away

Nearest school

0.30 miles away

Nearest train station

1.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-23%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £160,000

October 23, 2024

Floor Plans

Description

  • Energy Efficient with Ground Source Heat Pump +
  • Underfloor Heating +
  • Modern Living +
  • Designated Parking +
  • St Johns Location +
  • Video and audio intercom entry system +

SUMMARY
Stunning contemporary 2 Bedroom Apartment in the popular Iceworks development - Modern Living at Its Finest!

DESCRIPTION
Welcome to your dream home! This spacious two-bedroom apartment offers contemporary design, high-end finishes, and all the comforts of modern living. Located in the Iceworks deveopment in the popular St Johns area of Worcester City, you'll be steps away from local amenities, public transport, and vibrant dining spots.

o Two double bedrooms with built-in wardrobes
o Open-plan living area with plenty of natural light
o Fully equipped kitchen with top-of-the-line appliances
o Modern bathroom with sleek fittings
o Designated parking
o Energy-efficient features to keep your bills low

Perfect for professionals, couples, or small families, this apartment offers a luxurious urban lifestyle. With its prime location and high-spec finish, it won't be on the market for long!

Contact us today to book a viewing and make this stunning apartment your new home!

Entrance Hall 
Communal entrance, with audio and visual entrance system.

Living Area 12' 4" x 15' 4" narrowing to 8' 5" ( 3.76m x 4.67m narrowing to 2.57m )
Open plan living area incorporating fully fitted kitchen with induction hob, breakfast bar and sitting area. Juliet balcony.

Bedroom 1 10' 8" x 8' 5" ( 3.25m x 2.57m )
Cited to the front of the building. Double bedroom with individual heating control.

Bedroom 2 12' 4" x 8' 2" ( 3.76m x 2.49m )
Located to the rear of the building, another generous sized double also with individual heating control.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Worcester

01905 917044

Next Steps?

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