2 Bed Flat, Single Let, Worcester, WR1 2DN, £120,000





ValuationUndervalued
Sold Prices | £74.8K - £285K |
Sold Prices/m² | £1.5K/m² - £11.5K/m² |
| |
Square Metres | 69 m² |
Price/m² | £1.7K/m² |
Value Estimate | £146,400£146,400 |
BMV | 22% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £30,000£30,000 |
Stamp Duty & Legal Fees | £4,800£4,800 |
Total Cash In | £34,800£34,800 |
| |
Cash Out | |
Rent Range | £650 - £1,350£650 - £1,350 |
Rent Estimate | £750 |
Running Costs/mo | £545£545 |
Cashflow/mo | £205£205 |
Cashflow/yr | £2,460£2,460 |
ROI | 7%7% |
Gross Yield | 8%8% |
Local Sold Prices
50 sold prices from £74.8K to £285K, average is £148K. £1.5K/m² to £11.5K/m², average is £2.5K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£150K | 01/23 | 0.09 mi | Flat 2, Wyatts Mews, Union Street, Worcester, Worcestershire WR1 2AS | - | - | 2 | Flat | |
£145K | 07/21 | 0.13 mi | Flat 3, Fairfax House, Fish Street, Worcester, Worcestershire WR1 2HN | - | - | 2 | Flat | |
£97K | 02/21 | 0.14 mi | 75, Friar Street, Worcester, Worcestershire WR1 2NA | £2,425 | 40 | 2 | Flat | |
£135K | 12/22 | 0.19 mi | 12, Vesta Tilley Court, Worcester, Worcestershire WR1 2BL | £1,744 | 77 | 2 | Flat | |
£137K | 11/21 | 0.25 mi | Flat 10, Amber Reach, Spring Lane, Worcester, Worcestershire WR5 1AU | - | - | 2 | Flat | |
£155K | 07/23 | 0.28 mi | 37, Sansome Place, Worcester, Worcestershire WR1 1UA | £2,990 | 52 | 2 | Flat | |
£148K | 07/21 | 0.31 mi | 77, Lion Court, Worcester, Worcestershire WR1 1UT | £2,681 | 55 | 2 | Flat | |
£167.5K | 03/23 | 0.31 mi | 65, Lion Court, Worcester, Worcestershire WR1 1UT | £3,045 | 55 | 2 | Flat | |
£145.8K | 07/21 | 0.31 mi | 61, Lion Court, Worcester, Worcestershire WR1 1UT | £2,650 | 55 | 2 | Flat | |
£148K | 02/21 | 0.31 mi | 79, Lion Court, Worcester, Worcestershire WR1 1UT | £2,552 | 58 | 2 | Flat | |
£140K | 12/20 | 0.32 mi | Flat 53, Newport House, Newport Street, Worcester, Worcestershire WR1 3NG | - | - | 2 | Flat | |
£165K | 12/23 | 0.32 mi | 47, Magdala Court, Worcester, Worcestershire WR1 3PB | £2,012 | 82 | 2 | Flat | |
£209K | 12/20 | 0.34 mi | Apartment 4, Stinton Court, Princes Drive, Worcester, Worcestershire WR1 2PE | - | - | 2 | Flat | |
£270K | 08/23 | 0.37 mi | Apartment 2, Victoria Institute, Sansome Walk, Worcester, Worcestershire WR1 1DF | - | - | 2 | Flat | |
£120K | 06/21 | 0.38 mi | Flat 22, Anchor House, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX | - | - | 2 | Flat | |
£88K | 05/23 | 0.38 mi | Flat 4, Quay House, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX | - | - | 2 | Flat | |
£80K | 10/23 | 0.38 mi | Wharf House, Flat 17, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX | £1,481 | 54 | 2 | Flat | |
£170K | 11/20 | 0.38 mi | Apartment 6, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ | - | - | 2 | Flat | |
£164K | 06/21 | 0.38 mi | Apartment 1, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ | - | - | 2 | Flat | |
£180K | 11/23 | 0.38 mi | Apartment 6, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ | - | - | 2 | Flat | |
£183K | 03/23 | 0.41 mi | Flat 25, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY | - | - | 2 | Flat | |
£230K | 09/23 | 0.43 mi | Albion Mill, Flat 32, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY | £11,500 | 20 | 2 | Flat | |
£76K | 06/23 | 0.43 mi | Flat 17, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY | - | - | 2 | Flat | |
£80.5K | 01/23 | 0.43 mi | Flat 29, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY | - | - | 2 | Flat | |
£85K | 08/23 | 0.45 mi | 72, Portland Street, Diglis, Worcester, Worcestershire WR1 2NW | - | - | 2 | Flat | |
£150K | 09/21 | 0.46 mi | Flat 11, Crown Green Court, St Marys Street, Worcester, Worcestershire WR1 1HA | - | - | 2 | Flat | |
£144K | 04/21 | 0.46 mi | Flat 2, Crown Green Court, St Marys Street, Worcester, Worcestershire WR1 1HA | - | - | 2 | Flat | |
£155K | 12/20 | 0.46 mi | Flat 17, Crown Green Court, St Marys Street, Worcester, Worcestershire WR1 1HA | - | - | 2 | Flat | |
£179K | 03/24 | 0.47 mi | The Loft, Battenhall Place, Worcester, Worcestershire WR5 2DT | £2,131 | 84 | 2 | Flat | |
£137.5K | 03/21 | 0.48 mi | Flat 16, St Marys Court, Sansome Walk, Worcester, Worcestershire WR1 1NU | - | - | 2 | Flat | |
£137.5K | 11/23 | 0.49 mi | 48, Albert Road, Worcester, Worcestershire WR5 1EB | £2,477 | 56 | 2 | Flat | |
£207.5K | 10/20 | 0.51 mi | Plot 17, Diglis Road, Worcester, Worcestershire WR5 3BW | - | - | 2 | Flat | |
£155K | 06/23 | 0.53 mi | 16, King Edmunds Square, Worcester, Worcestershire WR1 3NL | - | - | 2 | Flat | |
£145K | 06/23 | 0.53 mi | 14, King Edmunds Square, Worcester, Worcestershire WR1 3NL | £3,372 | 43 | 2 | Flat | |
£140K | 09/23 | 0.53 mi | 19, Kennet Green, Worcester, Worcestershire WR5 1JQ | £2,768 | 51 | 2 | Flat | |
£150K | 06/23 | 0.53 mi | 9, Kennet Green, Worcester, Worcestershire WR5 1JQ | £2,713 | 55 | 2 | Flat | |
£175K | 07/24 | 0.53 mi | 31, Kennet Green, Worcester, Worcestershire WR5 1JQ | £3,431 | 51 | 2 | Flat | |
£240K | 05/21 | 0.53 mi | Flat 54, Harry Davis Court, Armstrong Drive, Worcester, Worcestershire WR1 2AJ | - | - | 2 | Flat | |
£210K | 07/23 | 0.54 mi | Flat 93, Harry Davis Court, Armstrong Drive, Worcester, Worcestershire WR1 2AJ | - | - | 2 | Flat | |
£242.5K | 03/23 | 0.55 mi | Apartment 11, Waters Edge, Armstrong Drive, Worcester, Worcestershire WR1 2GJ | - | - | 2 | Flat | |
£285K | 03/23 | 0.55 mi | Apartment 4, Waters Edge, Armstrong Drive, Worcester, Worcestershire WR1 2GJ | - | - | 2 | Flat | |
£240K | 12/20 | 0.55 mi | Apartment 7, Waters Edge, Armstrong Drive, Worcester, Worcestershire WR1 2GJ | - | - | 2 | Flat | |
£130K | 04/21 | 0.55 mi | 29, Moor Street, Worcester, Worcestershire WR1 3DB | £2,708 | 48 | 2 | Flat | |
£74.8K | 05/21 | 0.56 mi | 8, Sawmill Close, Worcester, Worcestershire WR5 1EU | £1,565 | 48 | 2 | Flat | |
£100K | 10/20 | 0.6 mi | 41, Elmfield Gardens, Worcester, Worcestershire WR5 2HF | £1,818 | 55 | 2 | Flat | |
£135K | 09/21 | 0.62 mi | 8, Bromwich Road, Worcester, Worcestershire WR2 4AA | £2,288 | 59 | 2 | Flat | |
£130K | 10/20 | 0.63 mi | 29, Elmfield Gardens, Worcester, Worcestershire WR5 2HF | £2,031 | 64 | 2 | Flat | |
£151K | 04/23 | 0.63 mi | 53, Elmfield Gardens, Worcester, Worcestershire WR5 2HF | £1,841 | 82 | 2 | Flat | |
£115K | 12/20 | 0.63 mi | 11, Elmfield Gardens, Worcester, Worcestershire WR5 2HF | £1,667 | 69 | 2 | Flat | |
£100K | 10/20 | 0.63 mi | 41, Elmfield Gardens, Worcester, Worcestershire WR5 2HF | £1,818 | 55 | 2 | Flat |
Local Rents
45 rents from £650/mo to £1.4K/mo, average is £925/mo.
Rent | Date | Distance | Address | Beds | Type | |
£750 | 11/24 | 0.01 mi | Worcester, Worcestershire | 2 | Flat | |
£750 | 11/24 | 0.02 mi | Nicol Court, Nashs Passage, Worcester, Worcestershire, WR1 2AN | 2 | Flat | |
£750 | 11/24 | 0.03 mi | 21 Nicol Court, Nashs Passage, Worcester, Worcestershire, WR1 2AN | 2 | Flat | |
£750 | 11/24 | 0.11 mi | Wyatts Mews, Union Street, Worcester City Centre, WR1 | 2 | Flat | |
£999 | 11/24 | 0.13 mi | - | 2 | Flat | |
£999 | 03/25 | 0.13 mi | - | 2 | Flat | |
£999 | 11/24 | 0.13 mi | Friar Street, Worcester, WR1 | 2 | Flat | |
£1,100 | 11/24 | 0.14 mi | The Old Fire Station, Copenhagen Street | 2 | Flat | |
£795 | 11/24 | 0.2 mi | College Street, Worcester | 2 | Flat | |
£1,250 | 11/24 | 0.24 mi | Foregate Street, Worcester | 2 | Flat | |
£925 | 11/24 | 0.25 mi | Spring Lane, WORCESTER | 2 | Terraced House | |
£1,350 | 03/25 | 0.25 mi | - | 2 | Flat | |
£875 | 11/24 | 0.27 mi | Severn Street, Worcester, Worcestershire | 2 | Terraced House | |
£900 | 01/25 | 0.29 mi | - | 2 | Flat | |
£795 | 11/24 | 0.3 mi | Hill Street, Worcester | 2 | Flat | |
£1,250 | 12/24 | 0.31 mi | - | 2 | Flat | |
£825 | 11/24 | 0.31 mi | POPULAR CITY CENTRE LOCATION - Lion Court, Worcester, WR1 | 2 | Flat | |
£875 | 11/24 | 0.32 mi | Magdala Court, The Butts, Worcester, Worcestershire, WR1 | 2 | Flat | |
£950 | 11/24 | 0.33 mi | Bath Road, Worcester, WR5 | 2 | Flat | |
£1,050 | 02/24 | 0.33 mi | - | 2 | Flat | |
£950 | 11/24 | 0.33 mi | - | 2 | Flat | |
£950 | 01/25 | 0.33 mi | - | 2 | Flat | |
£895 | 11/24 | 0.35 mi | *LET AGREED* Bath Road, WR5 | 2 | Flat | |
£975 | 09/24 | 0.37 mi | - | 2 | Terraced House | |
£1,150 | 12/24 | 0.37 mi | - | 2 | Flat | |
£995 | 11/24 | 0.37 mi | - | 2 | Flat | |
£900 | 11/24 | 0.4 mi | Southfield Street, WORCESTER | 2 | Terraced House | |
£1,050 | 12/24 | 0.41 mi | - | 2 | Flat | |
£925 | 03/25 | 0.41 mi | - | 2 | Terraced House | |
£950 | 11/24 | 0.41 mi | Byfield Rise, Worcester, WR5 | 2 | Terraced House | |
£850 | 11/24 | 0.41 mi | St Wulstans Court, Bath Road, Worcester, WR5 | 2 | Flat | |
£675 | 11/24 | 0.43 mi | Arboretum Road, Worcester | 2 | Flat | |
£900 | 03/25 | 0.47 mi | - | 2 | Flat | |
£995 | 11/24 | 0.48 mi | Northfield Street, Worcester, Worcestershire, WR1 | 2 | Flat | |
£950 | 01/25 | 0.48 mi | - | 2 | Terraced House | |
£895 | 11/24 | 0.5 mi | **LET AGREED** Diglis Road, WR5 | 2 | Flat | |
£830 | 11/24 | 0.5 mi | - | 2 | Terraced House | |
£1,095 | 11/24 | 0.52 mi | Surman Street, Worcester, WR1 1HL | 2 | Flat | |
£1,300 | 11/24 | 0.52 mi | Surman Street, Worcester | 2 | Flat | |
£1,250 | 11/24 | 0.52 mi | Apartment 21, Waters Reach, Armstrong Drive, Worcester, Worcestershire, WR1 2GH | 2 | Flat | |
£895 | 02/25 | 0.53 mi | - | 2 | Flat | |
£650 | 02/24 | 0.57 mi | - | 2 | Terraced House | |
£795 | 11/24 | 0.58 mi | Battenhall Road, Worcestershire | 2 | Flat | |
£825 | 11/24 | 0.59 mi | Chestnut Street, Arboretum, Worcester, WR1 | 2 | Terraced House | |
£840 | 03/25 | 0.59 mi | - | 2 | Flat |
Local Area Statistics
Population in WR1 | 9,2299,229 |
Population in Worcester | 142,140142,140 |
Town centre distance | 0.20 miles away0.20 miles away |
Nearest school | 0.30 miles away0.30 miles away |
Nearest train station | 0.29 miles away0.29 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +25%+25% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +18%+18% |
Property History
Listed for £120,000
January 24, 2025
Floor Plans

Description
- INVESTMENT OPPORTUNITY +
- Tenants in Situ +
- Current tenant paying £750pcm +
- Two Bedroom Second floor apartment +
- City Centre Location +
- Walking distance to amenities +
- Spacious open plan Lounge/Kitchen/Dining area +
- Grade II Listed building full of character +
- Council Tax Band: C Tenure: Leasehold +
- EPC: D +
INVESTMENT OPPORTUNITY
PLJ Worcester are pleased to bring to the market this two bedroom characterful apartment situated in a Grade II listed building in the middle of the city centre and within easy walking distance to all amenities the city has to offer including shops, bars, restaurants and recreational facilities.
This apartment is available to INVESTORS ONLY with TENANTS IN SITU due to an ongoing tenancy agreement. The current rent achieved on the property is £750pcm.
The apartment is accessed via a communal entrance through a secure gate and door off New Street with stairs rising to the second floor. Once in the apartment the light and airy accommodation comprises of entrance hall, spacious living room and kitchen/dining area, two bedrooms and a bathroom.
A viewing is highly encouraged to appreciate this spacious and characterful apartment within the Worcester city centre.
Communal Entrance - Gated access off of New Street. Communal entrance door. Stairs rising to the second floor.
Hall - Entrance door. Ceiling light point. Radiator. Doors off to:
Living Room - Window to front aspect. Wall lights. Radiator. Exposed timbers and bricks.
Kitchen/Dining Area - Window to rear aspect. Matching wall and base units with work surface on top. Integrated cooker, hob and fridge freezer. Space for dishwasher. Stainless steel sink and drainer. Tiled splashbacks. Exposed timbers. Two ceiling light points. Radiator.
Bedroom One - Window to front aspect. Wall lights. Radiator. Exposed timbers.
Bedroom Two - Window to front aspect. Wall lights. Radiator. Exposed timbers.
Bathroom - Panelled bath with shower over, pedestal wash hand basin and low level WC. Tiled splash backs. Radiator. Ceiling light point. Extractor fan. Exposed timbers.
Utility Area - Accessed off the main landing. Obscure glazed window. Wall units with stainless steel sink and drainer. Space and plumbing for washing machine. Separate WC.
Council Tax Worcester - We understand the council tax band presently to be : C
Worcester Council
(Council Tax may be subject to alteration upon change of ownership and should be checked with the local authority).
Financial Services - Please note that any offer made on a property marketed by Philip Laney and Jolly will need to be qualified by Whiteoak Mortgages in order to demonstrate due diligence on behalf of our clients.
If you require any mortgage assistance - please use the link :
Philip Laney and Jolly reserve the right to earn a referral fee from various third party providers recommended to the client if instructed, services include; conveyancing, mortgage services, removals.
Floor Plan - This plan is included as a service to our customers and is intended as a GUIDE TO LAYOUT only. Dimensions are approximate and not to scale.
Services - Mains electricity, gas, water and drainage were laid on and connected at the time of our inspection. We have not carried out any tests on the services and cannot therefore confirm that these are in working order or free from any defects.
Tenure Leasehold - We understand (subject to legal verification) that the property is Leasehold.
We have been advised the ground rent is currently £300 per annum and the service charge is £249.38 per month.
We believe there is 97 years remaining on the lease.
Verifying Id - Under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, the Agent is legally obliged to verify the identity of all buyers and sellers. In the first instance, we will ask you to provide legally recognised photographic identification (Passport, photographic driver’s licence, etc.) and documentary proof of address (utility bill, bank/mortgage statement, council tax bill etc). We will also use a third party electronic verification system in addition to this having obtained your identity documents. This allows them to verify you from basic details using electronic data, however it is not a credit check and will have no effect on you or your credit history. They may also use your details in the future to assist other companies for verification purposes.
Parking - There is no allocated parking for the property. Parking would need to be found on nearby streets.
Broadband - We understand currently Fibre to the cabinet broadband is available at this property.
You can check and confirm the type of Broadband availability using the Openreach fibre checker:
Mobile Coverage - Mobile phone signal availability can be checked via Ofcom Mobile & Broadband checker on their website.
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