2 Bed Flat, Single Let, Worcester, WR4 9SD, £145,000

Tunnel Hill, Worcester, WR4 9SD - 3 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+7 photos

ValuationFair Value

Sold Prices£74.8K - £270K
Sold Prices/m²£1.5K/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£147,167

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£5,550

Total Cash In

£41,800

 

 

Cash Out

 

Rent Range

£700 - £2,200

Rent Estimate

£800

Running Costs/mo

£633

Cashflow/mo

£167

Cashflow/yr

£2,003

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £74.8K to £270K, average is £142K. £1.5K/m² to £3.4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£146K07/220.4 mi4, Michael Tippet Drive, Worcester, Worcestershire WR4 9EH2
£135K07/220.4 mi6, Michael Tippet Drive, Worcester, Worcestershire WR4 9EH2
£131.5K12/200.47 mi22, Lansdowne Rise, Worcester, Worcestershire WR3 8LN2
£120K06/210.59 miFlat 22, Anchor House, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2
£88K05/230.59 miFlat 4, Quay House, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2
£80K10/230.59 miWharf House, Flat 17, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2
£117.5K05/210.62 mi4, Hillside Close, Worcester, Worcestershire WR5 1HS2
£140K09/230.63 mi19, Kennet Green, Worcester, Worcestershire WR5 1JQ2
£150K06/230.63 mi9, Kennet Green, Worcester, Worcestershire WR5 1JQ2
£175K07/240.63 mi31, Kennet Green, Worcester, Worcestershire WR5 1JQ2
£132K08/230.64 mi9, Ullswater Close, Worcester, Worcestershire WR4 9HN2
£127K07/220.64 mi20, Ullswater Close, Worcester, Worcestershire WR4 9HN2
£130K07/230.66 mi28, Ennerdale Close, Worcester, Worcestershire WR4 9DN2
£170K11/200.71 miApartment 6, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£164K06/210.71 miApartment 1, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£148K07/210.71 mi77, Lion Court, Worcester, Worcestershire WR1 1UT2
£167.5K03/230.71 mi65, Lion Court, Worcester, Worcestershire WR1 1UT2
£145.8K07/210.71 mi61, Lion Court, Worcester, Worcestershire WR1 1UT2
£148K02/210.71 mi79, Lion Court, Worcester, Worcestershire WR1 1UT2
£180K11/230.71 miApartment 6, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£155K07/230.73 mi37, Sansome Place, Worcester, Worcestershire WR1 1UA2
£137K11/210.75 miFlat 10, Amber Reach, Spring Lane, Worcester, Worcestershire WR5 1AU2
£135K12/220.76 mi12, Vesta Tilley Court, Worcester, Worcestershire WR1 2BL2
£128K06/210.76 mi21, Coleridge Close, Worcester, Worcestershire WR3 8EF2
£137.5K03/210.77 miFlat 16, St Marys Court, Sansome Walk, Worcester, Worcestershire WR1 1NU2
£120K03/210.77 mi46, Eliot Road, Worcester, Worcestershire WR3 8DP2
£182.5K08/230.82 mi7, Hardy Court, Worcester, Worcestershire WR3 8AT2
£168K08/220.82 mi37, Hardy Court, Worcester, Worcestershire WR3 8AT2
£182K08/230.82 mi67, Hardy Court, Worcester, Worcestershire WR3 8AT2
£240K08/230.82 mi45, Hardy Court, Worcester, Worcestershire WR3 8AT2
£150K09/210.82 miFlat 11, Crown Green Court, St Marys Street, Worcester, Worcestershire WR1 1HA2
£144K04/210.82 miFlat 2, Crown Green Court, St Marys Street, Worcester, Worcestershire WR1 1HA2
£155K12/200.82 miFlat 17, Crown Green Court, St Marys Street, Worcester, Worcestershire WR1 1HA2
£270K08/230.82 miApartment 2, Victoria Institute, Sansome Walk, Worcester, Worcestershire WR1 1DF2
£187.7K11/230.83 miFlat 24, Gresham Court, Shrubbery Avenue, Worcester, Worcestershire WR1 1QH2
£160K07/230.83 miFlat 11, Gresham Court, Shrubbery Avenue, Worcester, Worcestershire WR1 1QH2
£195K11/220.84 mi48, Addison Road, Worcester, Worcestershire WR3 8EA2
£182K10/200.85 mi70, Addison Road, Worcester, Worcestershire WR3 8EA2
£175K06/210.85 mi60, Addison Road, Worcester, Worcestershire WR3 8EA2
£190K05/210.85 mi68, Addison Road, Worcester, Worcestershire WR3 8EA2
£74.8K05/210.9 mi8, Sawmill Close, Worcester, Worcestershire WR5 1EU2
£138.8K06/210.92 mi7, Hock Coppice, Lyppard Bourne, Worcester, Worcestershire WR4 0PB2
£125K05/220.93 mi11, Windermere Drive, Worcester, Worcestershire WR4 9JJ2
£120K09/220.95 mi24, Gregorys Mill Street, Worcester, Worcestershire WR3 8AW2
£112K03/210.96 mi67, Winchcombe Drive, Worcester, Worcestershire WR4 9XA2
£130K08/220.96 mi57, Winchcombe Drive, Worcester, Worcestershire WR4 9XA2
£101K11/200.97 miFlat 43, Gheluvelt Court, Brook Street, Worcester, Worcestershire WR1 1JB2
£89K06/210.97 miFlat 25, Gheluvelt Court, Brook Street, Worcester, Worcestershire WR1 1JB2
£90K07/230.97 miFlat 26, Gheluvelt Court, Brook Street, Worcester, Worcestershire WR1 1JB2
£85K11/230.97 miFlat 42, Gheluvelt Court, Brook Street, Worcester, Worcestershire WR1 1JB2

Local Rents

15 rents from £700/mo to £2.2K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£97512/240.17 mi-2
£95011/240.17 miAlbany Road, Worcester2
£2,20002/250.21 mi-2
£99503/240.27 mi-2
£70011/240.27 miAshford House, Rainbow Hill, Worcester, WR32
£95011/240.31 mi-2
£90007/240.32 mi-2
£85007/230.34 mi-2
£92508/240.34 mi-2
£2,16710/240.35 mi-2
£80001/250.44 mi-2
£87503/250.52 mi-2
£85006/230.53 mi-2
£99511/240.56 mi-2
£80011/240.56 miBlackpole, Worcester2

Local Area Statistics

Population in WR4

26,127

Population in Worcester

142,140

Town centre distance

0.97 miles away

Nearest school

0.20 miles away

Nearest train station

0.49 miles away

 

 

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £145,000

January 10, 2025

Floor Plans

Description

  • Beautiful views of the Malvern Hills +
  • Two Decent Sized Bedrooms +
  • Neutrally Decorated Throughout +
  • Allocated Parking +
  • Close to City Centre +
  • Separate Bath and Shower +

An excellent opportunity to acquire a two-bedroom, mid-floor apartment conveniently located near the city, complete with allocated parking. Enjoy views of the Malvern Hills - ideal for first-time buyers and investors alike. Viewing is highly recommended to truly appreciate the spacious layout and prime location. The property is accessed via a communal entrance with stairs leading to the mid-floor. Step into a welcoming hallway featuring a storage cupboard and intercom system. The hallway leads to an open-plan living, kitchen, and dining area, which boasts a range of base and wall-mounted units with a stylish tiled backsplash. The kitchen includes a cooker with a gas hob, electric oven, and extractor fan, along with integrated appliances such as a fridge/freezer, washer/dryer, and a full-size dishwasher. A window offers stunning views of the Malvern Hills, enhancing the space. The apartment features two well-proportioned bedrooms and a bathroom equipped with a four-piece white suite, including a separate bath and shower. The bathroom is fully tiled and includes a heated towel rail for added comfort. The property benefits from gas central heating, double glazing, and an allocated parking space at the rear. Location: Situated just on the outskirts of the City Centre being close to train stations, canal walks, easy access to M5 and a short distance into the city where you have the high street shopping, wine bars, restaurants, and Worcester Race Course. Schools are also very nearby. You really are spoilt for choice. Agent Note: The property is being sold as leasehold. We have been advised by the owner that there are 118 years left on the lease. The annual service charge is £715 and the annual ground rent is £100. Rooms: Lounge / Kitchen - 4.42m x 4.16m (14'6" x 13'7") Master Bedroom - 3.42m x 2.79m (11'2" x 9'1") max Bedroom 2 - 3.36m x 2.82m (11'0" x 9'3") max Bathroom - 2.57m x 1.86m (8'5" x 6'1") max

Agent Details

Arden Estates, Worcester

01905 672319

Next Steps?

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