2 Bed Flat, Single Let, Worcester, WR5 3EG, £170,000

St Marks Court, Bath Road, Worcester, WR5 3EG - 2 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£74.8K - £290K
Sold Prices/m²£1.6K/m² - £11.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£145,141

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Rent Range

£795 - £1,250

Rent Estimate

£850

Running Costs/mo

£721

Cashflow/mo

£129

Cashflow/yr

£1,545

ROI

3%

Gross Yield

6%

Local Sold Prices

29 sold prices from £74.8K to £290K, average is £144K. £1.6K/m² to £11.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£290K10/230.47 miApartment 19, Aston Court, Basin Road, Worcester, Worcestershire WR5 3FR2
£144K04/210.56 mi1, Knapp Place, Worcester, Worcestershire WR5 3TR2
£242.5K03/230.57 miApartment 11, Waters Edge, Armstrong Drive, Worcester, Worcestershire WR1 2GJ2
£285K03/230.57 miApartment 4, Waters Edge, Armstrong Drive, Worcester, Worcestershire WR1 2GJ2
£240K12/200.57 miApartment 7, Waters Edge, Armstrong Drive, Worcester, Worcestershire WR1 2GJ2
£150K07/230.58 mi54, Bicton Avenue, Worcester, Worcestershire WR5 3TF2
£210K07/230.59 miFlat 93, Harry Davis Court, Armstrong Drive, Worcester, Worcestershire WR1 2AJ2
£240K05/210.6 miFlat 54, Harry Davis Court, Armstrong Drive, Worcester, Worcestershire WR1 2AJ2
£179K03/240.6 miThe Loft, Battenhall Place, Worcester, Worcestershire WR5 2DT2
£151K04/230.61 mi53, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£135K08/230.61 mi1, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£115K12/200.61 mi11, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£137K11/230.61 mi6, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£100K10/200.61 mi41, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£137K04/230.61 mi12, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£117.5K12/200.62 mi4, Exbury Place, Worcester, Worcestershire WR5 3TP2
£85K08/230.62 mi72, Portland Street, Diglis, Worcester, Worcestershire WR1 2NW2
£230K09/230.63 miAlbion Mill, Flat 32, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£76K06/230.63 miFlat 17, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£80.5K01/230.63 miFlat 29, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£130K10/200.64 mi29, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£100K10/200.64 mi41, Elmfield Gardens, Worcester, Worcestershire WR5 2HF2
£183K03/230.65 miFlat 25, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£209K12/200.7 miApartment 4, Stinton Court, Princes Drive, Worcester, Worcestershire WR1 2PE2
£137.5K11/230.79 mi48, Albert Road, Worcester, Worcestershire WR5 1EB2
£74.8K05/210.87 mi8, Sawmill Close, Worcester, Worcestershire WR5 1EU2
£97K02/210.9 mi75, Friar Street, Worcester, Worcestershire WR1 2NA2
£150K01/230.94 miFlat 2, Wyatts Mews, Union Street, Worcester, Worcestershire WR1 2AS2
£145K07/210.97 miFlat 3, Fairfax House, Fish Street, Worcester, Worcestershire WR1 2HN2

Local Rents

20 rents from £795/mo to £1.3K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£92503/250.08 mi-2
£85011/240.11 miBath Road, Worcester, WR52
£85002/240.12 mi-2
£85002/240.12 mi-2
£90001/250.12 mi-2
£1,10004/250.17 mi-2
£99511/240.18 mi3 Orchard Mews, Orchard Street, Worcester, Worcestershire, WR52
£97502/250.19 mi-2
£89511/240.22 miCavalier Crescent, Worcester, Worcestershire, WR52
£1,15011/240.39 miWoodhouse Close, Riverbank Court, WR52
£1,10011/240.39 miLockwheel House, 4 Woodhouse Close, Worcester, WR52
£1,20011/240.4 miWoodhouse Close, Worcester, Worcestershire, WR52
£1,25011/240.45 miMillwright House, Basin Road, Worcester, Worcestershire, WR5 3GR2
£99511/240.46 miBasin Road, WORCESTER2
£89511/240.47 miKingfisher Close, Worcester, Worcestershire, WR52
£97502/250.49 mi-2
£79511/240.51 miBattenhall Road, Worcestershire2
£89511/240.56 mi**LET AGREED** Diglis Road, WR52
£83011/240.56 mi-2
£1,25011/240.58 miApartment 21, Waters Reach, Armstrong Drive, Worcester, Worcestershire, WR1 2GH2

Local Area Statistics

Population in WR5

30,933

Population in Worcester

142,140

Town centre distance

0.87 miles away

Nearest school

0.20 miles away

Nearest train station

1.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £170,000

February 3, 2025

Floor Plans

Description

  • Two Double Bedrooms +
  • Popular Diglis Area +
  • Open Plan Layout +
  • Modern Bathroom +
  • Allocated Parking +
  • 978 Years Remaining on Lease +

A modern two bedroom apartment within walking distance of Worcester city centre, situated on the popular Bath Road. Finished to a modern standard throughout, this property is move in ready. Whether you're an investor, downsizer or looking for apartment living, this is a great choice for you. Entering the property, a central hallway provides access to all rooms. At the heart of the property is the lounge, providing an ideal setting for relaxation or casual entertaining. Adjoining the lounge is a well-appointed kitchen, fitted with a range of wall and base units, built in appliances and plumbing for a washing machine. The open plan layout ensures a seamless flow between these two key areas, making day-to-day living both easy and enjoyable. Moving through the apartment, a handy storage cupboard is situated in the hallway. Both bedrooms feature built in wardrobes and are doubles, ensuring comfortability. Completing the internal accommodation is a modern bathroom, featuring a P shaped bath with overhead shower, toilet and sink. The property benefits from mains water, full fibre broadband and gas heating. **Agent's Note: **We have been made aware the property is Leasehold. The Service Charge is approx. £1700 per year and Ground Rent is £192.72 per year. There is approximately 978 years remaining on the lease but this information would need to be clarified by your solicitor. **Location: **Situated just by the Diglis area of Worcester it benefits from having playing fields, gym, a hotel and pub. This is an attractive location due to its close proximity to the City Centre which offers wine bars, restaurants and shopping. Foregate Street Station is in the City if you need to commute and you are also perfectly positioned for canal and river walks. Rooms: Lounge - 4.47m x 4.29m (14'7" x 14'0") max Kitchen - 3.18m x 2.42m (10'5" x 7'11") max Main Bedroom - 3.71m x 2.83m (12'2" x 9'3") max Bedroom 2 - 3.7m x 2.7m (12'1" x 8'10") max Bathroom - 2.03m x 1.91m (6'7" x 6'3")

Agent Details

Arden Estates, Worcester

01905 672319

Next Steps?

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