6 Bed HMO, Worcester, WR2 5HY, £385,000

93 Comer Road, Worcester, WR2 5HY - 4 views - 4 months ago

HMO
ROI: 4%
137 m²

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (27%)

£102,500

Stamp Duty & Legal Fees

£21,500

Total Cash In

£124,000

 

 

Cash Out

 

Room Rate

£500

Gross Rent

£3,000

Running Costs/mo

£2,599

Cashflow/mo

£401

Cashflow/yr

£4,812

ROI

4%

Gross Yield

9%













Property History

Price changed to £385,000

January 31, 2025

Listed for £410,000

December 3, 2024

Sold for £106,000

2002

Sold for £70,000

1998

Floor Plans

Description

  • Student Let (HMO) +
  • Six (6) Bedroom Terraced House +
  • Shared Living Room +
  • Fitted Kitchen +
  • Bathroom +
  • Spacious Garden +
  • Street Parking +
  • Nine (9) Minute Walk to the University of Worcester +
  • Access to Various Bus Station +
  • Fully Let 2024 -25 - £38,000 Gross Rent +

For Sale: 93 Comer Road, Worcester, WR2 5HY – A 6-Bedroom Property with Excellent Rental Potential!

Location: Nestled in the highly desirable area of St. John’s, Worcester, this spacious property is perfectly located for students, families, and professionals. It’s just a short walk from the University of Worcester, local shops, eateries, and public transport links, making it highly attractive to tenants.

Property Features:

6 Bedrooms – Large and bright, ideal for accommodating multiple tenants. 2 Bathrooms – Conveniently fitted to support high occupancy living. Generous Living Space – Includes a communal lounge perfect for socializing or relaxing. Modern Kitchen – Fully equipped with ample storage and workspace. Private Garden – A low-maintenance outdoor area, perfect for leisure or entertaining. Parking – On-street and nearby parking options available.

An Easily Let Property:

This property is ready to generate immediate rental income. Its layout and location make it highly appealing for a variety of tenant groups, particularly students and young professionals. Fully occupied, it could achieve rental income of £3,000–£3,500 per month, providing an annual yield of £38,000–£40,000.

Investment Potential:

At an asking price of £410,000, this property is a fantastic opportunity for landlords. With Worcester’s thriving rental market and rising property values, investors can expect a steady return with long-term capital growth of 5–8% annually.

Why This Property?

Prime location ensures consistent demand from tenants. Perfect as a fully licensed HMO (House in Multiple Occupation).

Turnkey rental opportunity for new or experienced investors.

Act Now to Secure This Opportunity:

Call us or email to book your viewing or request more details. High-demand properties like this don’t stay on the market for long – make it yours today!

Agent Details

Platinum Property Agents, Worcestershire

01905 975315

Next Steps?

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

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