4 Bed HMO, Worcester, WR2 5BJ, £165,000

26 Grosvenor Walk, Worcestershire, WR2 5BJ - 19 views - 4 months ago

Sold STC
HMO
Negative Equity
ROI: 21%
93 m²
+8 photos

ValuationUndervalued

Sold Prices£210K - £1.1M
Sold Prices/m²£1.8K/m² - £5.1K/m²

 

 

Square Metres

93 m²
Price/m²£1.8K/m²

Value Estimate

£199,650
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Total Cash In

£47,400

 

 

Cash Out

 

Room Rate

£559

Gross Rent

£2,236

Running Costs/mo

£1,419

Cashflow/mo

£817

Cashflow/yr

£9,803

ROI

21%

Gross Yield

16%

Local Sold Prices

50 sold prices from £210K to £1.1M, average is £384.8K. £1.8K/m² to £5.1K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£330K05/210.17 miThe Old School House, Comer Road, Worcester, Worcestershire WR2 5HU4
£210K05/230.18 mi58a, Henwick Road, Worcester, Worcestershire WR2 5NT4
£355K02/210.21 mi97, Comer Road, Worcester, Worcestershire WR2 5HY4
£520K06/210.22 mi62, Bromyard Road, Worcester, Worcestershire WR2 5DA4
£350K05/230.23 mi21, Bromyard Road, Worcester, Worcestershire WR2 5BZ4
£230K06/210.24 mi13, Mcintyre Road, Worcester, Worcestershire WR2 5LG4
£220K02/230.26 mi14, Knight Street, Worcester, Worcestershire WR2 5DB4
£275K12/220.26 mi20, Hardwicke Close, Worcester, Worcestershire WR2 5NX4
£255K08/230.3 mi45, Henwick Avenue, Worcester, Worcestershire WR2 5JB4
£450K06/230.32 mi34, Laugherne Road, Worcester, Worcestershire WR2 5LS4
£585K02/230.32 mi112, Bromyard Road, Worcester, Worcestershire WR2 5DJ4
£310K10/210.34 mi12a, Greathouse Road, Worcester, Worcestershire WR2 4HU4
£432K12/220.37 mi79, Bransford Road, Worcester, Worcestershire WR2 4ER4
£382.5K05/230.38 mi79, Laugherne Road, Worcester, Worcestershire WR2 5LY4
£395K03/210.38 mi117, Laugherne Road, Worcester, Worcestershire WR2 5LY4
£380K12/220.39 mi1, Boughton Street, Worcester, Worcestershire WR2 4HE4
£495K01/240.4 mi3, Ellis Road, Worcester, Worcestershire WR2 4AH4
£482.5K12/200.43 mi107, Bransford Road, Worcester, Worcestershire WR2 4ET4
£365K11/220.44 mi43, Boughton Street, Worcester, Worcestershire WR2 4HE4
£330K05/210.45 mi1, Boughton Street, Worcester, Worcestershire WR2 4HE4
£535K01/210.45 mi48, Boughton Street, Worcester, Worcestershire WR2 4HE4
£475K12/230.46 mi10, Palmers Green, Worcester, Worcestershire WR2 4JY4
£573K02/230.47 mi132, Henwick Road, Worcester, Worcestershire WR2 5PB4
£395K11/200.49 mi21, Claverham Close, Worcester, Worcestershire WR2 4NB4
£437.5K02/210.5 mi140, Henwick Road, Worcester, Worcestershire WR2 5PB4
£285K07/210.52 mi16, Sanctuary Close, Worcester, Worcestershire WR2 5PY4
£300K05/210.54 mi21, Severn Terrace, Worcester, Worcestershire WR1 3EH4
£425K11/210.54 mi14, Severn Terrace, Worcester, Worcestershire WR1 3EH4
£245K02/210.54 mi20, Willis Place, Worcester, Worcestershire WR2 4BJ4
£350K01/210.55 mi40, Severn Terrace, Worcester, Worcestershire WR1 3EH4
£295K04/210.55 mi57, Woodstock Road, Worcester, Worcestershire WR2 5ND4
£345K11/200.56 mi12, Swinton Close, Worcester, Worcestershire WR2 4HA4
£290K04/230.57 mi187, Bromyard Road, Worcester, Worcestershire WR2 5EA4
£310.1K07/210.57 mi16, Kingsbury Road, Worcester, Worcestershire WR2 4JH4
£335K01/210.57 mi38, Kingsbury Road, Worcester, Worcestershire WR2 4JH4
£310K01/230.58 mi20, Willis Place, Worcester, Worcestershire WR2 4BJ4
£457K03/210.58 miYork House, The Moors, Worcester, Worcestershire WR1 3EE4
£411K05/210.61 mi9b, Swinton Lane, Worcester, Worcestershire WR2 4JT4
£495K04/210.65 mi41, Moor Street, Worcester, Worcestershire WR1 3DB4
£750K01/210.66 mi22, Britannia Square, Worcester, Worcestershire WR1 3DH4
£410K09/230.67 mi46, Bloomfield Road, Worcester, Worcestershire WR2 4JN4
£450K07/230.68 mi4, Margaret Road, St Johns, Worcester, Worcestershire WR2 4LR4
£905K08/230.68 mi4, Britannia Square, Worcester, Worcestershire WR1 3DG4
£710K11/220.68 mi15, Britannia Square, Worcester, Worcestershire WR1 3DG4
£387K02/230.73 mi78a, Oldbury Road, Worcester, Worcestershire WR2 6AR4
£1.1M05/230.76 mi43, Britannia Square, Worcester, Worcestershire WR1 3DN4
£340K04/210.78 mi5, York Place, Worcester, Worcestershire WR1 3DR4
£675K12/200.79 mi9, Albany Terrace, Worcester, Worcestershire WR1 3DU4
£662K04/210.79 mi18, Albany Terrace, Worcester, Worcestershire WR1 3DU4
£323K08/230.79 mi15, Sentinel Close, Worcester, Worcestershire WR2 5FA4

Local Area Statistics

Population in WR2

29,799

Population in Worcester

142,140

Town centre distance

0.83 miles away

Nearest school

0.10 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-23%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £165,000

-12%

November 27, 2024

Sold for £184,950

2007

Sold for £139,950

2004

Floor Plans

Description

  • St Johns +
  • Potential for a Four Bedroom HMO +
  • Prime Rental Location +
  • Within an Easy Walk to the Uni Campus +

For Sale: 26 Grosvenor Walk, Worcester, Worcestershire, WR2 5BJ

Investment Opportunity: 26 Grosvenor Walk, St Johns, Worcester This mid-terraced HMO property is a fantastic investment opportunity, ideally situated within easy walking distance of the St Johns University Campus. The property is currently configured with five bedrooms, providing attractive rental income. However, due to recent licensing laws, any new owner would need to reconfigure the property to operate as a 4-bedroom HMO.

Key Features: Current Layout: Entrance hall, modern fitted kitchen, converted cellar lounge, two shower rooms, and five furnished bedrooms. Communal Spaces: Enjoy the cozy communal lounge located in the converted cellar and the well-equipped kitchen. Outdoor Space: A rear garden, outside Utility and Toilet Comfortable Living: Double glazing and gas central heating throughout.

Property Details: Current Room Sizes: Room 1: 6'8" x 12'1" Room 2: 10'1" x 7'6" Room 3: 7'0" x 8'7" Room 4: 9'2" x 9'8" Room 5: 10'2" x 9'1" Shower Rooms: Shower Room 1: 2'11" x 8'1" Shower Room 2: 6'5" x 5'2"

Also suitable for conversation into a family home No Onward Chain: Ready for a smooth transition to new ownership.

Agent Details

Platinum Property Agents, Worcestershire

01905 975315

Next Steps?

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