5 Bed HMO, Worcester, WR2 5BL, £315,000

21 Nelson Road, Worcester, WR2 5BL - 5 views - 4 months ago

HMO
ROI: 5%
120 m²
+1 photos

ValuationFair Value

Sold Prices£185K - £1.6M
Sold Prices/m²£1.9K/m² - £4.3K/m²

 

 

Square Metres

120 m²
Price/m²£2.6K/m²

Value Estimate

£320,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£14,300

Total Cash In

£93,050

 

 

Cash Out

 

Room Rate

£500

Gross Rent

£2,500

Running Costs/mo

£2,078

Cashflow/mo

£422

Cashflow/yr

£5,066

ROI

5%

Gross Yield

10%

Local Sold Prices

22 sold prices from £185K to £1.6M, average is £432.5K. £1.9K/m² to £4.3K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£425K06/210.16 mi22, Mcintyre Road, Worcester, Worcestershire WR2 5LG5
£250K06/210.19 mi23, Rowley Hill Street, Worcester, Worcestershire WR2 5LN5
£185K11/230.2 mi35, Bransford Road, Worcester, Worcestershire WR2 4EW5
£240K05/230.23 mi5, Abbey Close, St Johns, Worcester, Worcestershire WR2 4HR5
£280K03/230.3 mi28, Henwick Avenue, Worcester, Worcestershire WR2 5JB5
£205K02/210.4 mi82, Foley Road, Worcester, Worcestershire WR2 4NE5
£440K02/210.44 mi81, Malvern Road, Worcester, Worcestershire WR2 4LJ5
£465K08/230.52 mi8, Tollhouse Drive, Worcester, Worcestershire WR2 6AD5
£490K01/230.61 mi3, Manor Road, Worcester, Worcestershire WR2 4PD5
£515K11/200.72 mi185, Malvern Road, Worcester, Worcestershire WR2 4NN5
£1.1M07/230.72 mi163, Malvern Road, Worcester, Worcestershire WR2 4NN5
£510.1K04/210.78 mi8, Croome Road, Worcester, Worcestershire WR2 4PL5
£262.5K01/230.78 mi8, Nuffield Close, Worcester, Worcestershire WR2 6JN5
£270K08/210.79 mi50, Comer Gardens, Worcester, Worcestershire WR2 6JG5
£675K04/210.8 mi2, Hill View Road, Worcester, Worcestershire WR2 4PJ5
£1.6M11/220.84 mi41, Britannia Square, Worcester, Worcestershire WR1 3DN5
£887K02/220.87 mi52a, Britannia Square, Worcester, Worcestershire WR1 3HP5
£345K04/230.9 mi190, Bromwich Road, Worcester, Worcestershire WR2 4BE5
£272.5K01/210.9 mi83, Woolhope Road, Worcester, Worcestershire WR5 2AR5
£370K04/230.91 mi19, Greenford Gardens, Worcester, Worcestershire WR2 6HQ5
£470K10/200.98 miSt. Annes, Bransford Road, Rushwick, Worcester, Worcestershire WR2 5SJ5
£490K11/230.98 mi3, Fountain Place, Worcester, Worcestershire WR1 3HW5

Local Area Statistics

Population in WR2

29,799

Population in Worcester

142,140

Town centre distance

0.92 miles away

Nearest school

0.10 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-23%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £315,000

January 31, 2025

Listed for £320,000

December 3, 2024

Sold for £157,000

2011

Sold for £45,000

1996

Floor Plans

Description

  • Student Let (HMO) +
  • Five Bedroom Terraced House +
  • Fitted Kitchen +
  • Bathroom +
  • Spacious Rear Garden +
  • Good Size Lounge/Diner +
  • On Road Parking +
  • Solar Energy Heating +
  • Thirteen (13) Minute Walk to the University of Worcester, St. John's Campus +
  • Fully Let 2024 -25 - £30,000 Gross Rent +

For Sale: Spacious 5-Bedroom Student Investment Property – 21 Nelson Road, Worcester, WR2 5BL

An exciting investment opportunity awaits! This 5-bedroom property, ideally suited for student accommodation, offers excellent potential for rental income. With its unbeatable location near local universities and amenities, it's a must-see for investors.

Within an easy walk of the St Johns University Campus is this superb, semi-detached five-bedroom House of Multiple Occupation (HMO) that is fully let to students. Approached from its own private driveway with off-road parking, the property comprises entrance hallway, a comfortable lounge, fitted kitchen, utility, five very well-proportioned furnished bedrooms and a low maintenance rear courtyard garden.

Council Tax Band: C

Positioned in a prime rental location and within an easy walk of the St Johns University Campus is this superb, semi-detached five (5) bedroom House of Multiple Occupation (HMO) that is fully let to students.

Key Features:

5 Well-Sized Bedrooms: Spacious rooms with plenty of natural light, ready to be tailored to your tenants' needs. Communal Living Area: A great space for students to relax and socialise. Unfurnished Kitchen: A blank canvas ready for customisation, featuring plumbing and fittings for appliances. 2 Bathrooms: Shared facilities designed for practical student living. Private Garden: A low-maintenance outdoor area ideal for gatherings or quiet study time. Off-Street Parking: Convenient parking, with easy access to public transport routes.

Location Highlights:

Walking distance to University of Worcester St. John's Campus. Close to popular student hotspots, including shops, cafes, and entertainment venues. Excellent transport links to Worcester city centre and surrounding areas.

Current Rent for Sept 2024 - July 2025 - Gross Rent £30,000

Advertised Rent for Sept 2025 - July 2026

Room 1 - £567 pcm inclusive. Room 2 - £567 pcm inclusive. Room 3 - £567 pcm inclusive. Room 4 - £567 pcm inclusive. Room 5 - £567 pcm inclusive.

Monthly Rent: £2,800 pcm over an 11-month HMO AST

Total Gross Rent - £31,000

This property provides flexibility for investors to personalise the kitchen and other spaces to maximise appeal to student tenants.

Contact us today to arrange a viewing!

Don’t miss this incredible opportunity to invest in a prime student rental at 21 Nelson Road.

Agent Details

Platinum Property Agents, Worcestershire

01905 975315

Next Steps?

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