3 Bed Flat, Single Let, Worcester, WR1 1HL, £225,000

2 Surman Street, City Centre, Worcester, WR1, WR1 1HL - 2 months ago

Sold STC
Leasehold
BTL
133 m²
+11 photos

ValuationOvervalued

Sold Prices£89K - £289K
Sold Prices/m²£1.9K/m² - £1.9K/m²

 

 

Square Metres

132.80 m²
Price/m²£1.7K/m²

Value Estimate

£190,500

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Total Cash In

£64,200

 

 

Cash Out

 

Rent Range

£825 - £1,350

Rent Estimate

£921

Running Costs/mo

£907

Cashflow/mo

£14

Cashflow/yr

£164

ROI

0%

Gross Yield

5%

Local Sold Prices

5 sold prices from £89K to £289K, average is £163K.

PriceDateDistanceAddressBeds 
£218K12/230.31 mi67, Magdala Court, Worcester, Worcestershire WR1 3PB3
£163K09/230.55 mi29, Vesta Tilley Court, Worcester, Worcestershire WR1 2BL3
£289K11/201 miFlat 1, Chacewater House, Chacewater Avenue, Worcester, Worcestershire WR3 7AW3
£150K08/221.32 mi54, Gresham Road, Worcester, Worcestershire WR2 5QR3
£89K07/221.53 mi32, Ullswater Close, Worcester, Worcestershire WR4 9HN3

Local Rents

12 rents from £825/mo to £1.4K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30011/240.03 miThe Tything, Worcester3
£1,30003/250.15 mi-3
£1,35011/240.22 miHebb Street, Worcester, Worcestershire, WR13
£89510/240.23 mi-3
£1,35012/240.29 mi-3
£82511/240.3 miLower Chestnut Street, Worcester, Worcestershire, WR13
£1,30011/240.31 miGregorys Mill Street, Worcester, Worcestershire, WR33
£1,05003/250.45 mi-3
£1,20011/240.55 miMayfield Avenue, Worcester, Worcestershire, WR33
£1,10011/240.55 miSomers Road, Barbourne, Worcester, WR13
£1,30011/240.55 mi-3
£1,25011/240.6 miBarbourne Lane, Worcester3

Local Area Statistics

Population in WR1

9,229

Population in Worcester

142,140

Town centre distance

0.71 miles away

Nearest school

0.20 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £225,000

February 4, 2025

Floor Plans

Description

  • Spacious 2 Floor Apartment +
  • 3 Double Bedrooms +
  • 1 en-suite & 1 Family Bathroom +
  • Gated Parking Space +
  • Courtyard Patio Access +
  • Modern Kitchen +

This charming 3-bedroom apartment has a contemporary styled interior and practical facilities. Set across two floors, it offers a fantastic blend of space, style, and convenience. On the ground floor, the entrance doorway leads into a generous open plan living, dining, and kitchen area, with incredible natural light that pours in through the large windows. The kitchen design is a perfect blend of form and function, fully equipped with sleek, integrated appliances. This spacious layout is perfect for modern living and offers a bright and airy space. There are two further double bedrooms and a family bathroom, on this floor. The stairs then lead to the lower ground floor, which is dedicated to the master bedroom with ornate windows provides a peaceful retreat complete with an en-suite shower room and access to a private courtyard patio, providing an outdoor space to enjoy during the warmer months. The property comes with a gated, allocated parking space, offering secure and convenient off-street parking which is a huge advantage for City Centre living. K1 is a Grade II listed, Georgian building; was the former headquarters for the Kays Catalogue, a major UK mail-order company that began in 1933 and became a household name for decades. The historical significance of this 20th Century built cannot be understated. It played a pivotal role in the post-war retail boom, symbolising an era of economic growth and technological progress. The building development used state of the art design with highlights being the striking chrome and glass in atrium, and top-of-the-range finishes, including Shires Adagio sanitaryware and contemporary Bristan Qube fittings with stylish mixer taps. In short, owning a piece of the former Kays Catalogue Headquarters is not just about acquiring a property, but about preserving a piece of Worcester’s rich industrial and retail history, with the opportunity to contribute to its next chapter. Do not miss out on this fantastic opportunity, book a viewing today! EPC rating: D. Tenure: Leasehold, Service charge description: Payable half yearly, Length of lease (remaining): 103 years 10 months,

Agent Details

Northwood, Worcester

01905 330530

Next Steps?

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