4 Bed HMO, Worcester, WR2 5HS, £250,000

Comer Road, Worcester, WR2 5HS - 3 views - 2 months ago

HMO
ROI: 6%
~129 m²
+6 photos

ValuationUndervalued

Sold Prices£210K - £750K
Sold Prices/m²£1.8K/m² - £5.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.9K/m²

Value Estimate

£307,500
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Room Rate

£500

Gross Rent

£2,000

Running Costs/mo

£1,659

Cashflow/mo

£341

Cashflow/yr

£4,088

ROI

6%

Gross Yield

10%

Local Sold Prices

50 sold prices from £210K to £750K, average is £360K. £1.8K/m² to £5.1K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£330K05/210.04 miThe Old School House, Comer Road, Worcester, Worcestershire WR2 5HU4
£520K06/210.09 mi62, Bromyard Road, Worcester, Worcestershire WR2 5DA4
£350K05/230.1 mi21, Bromyard Road, Worcester, Worcestershire WR2 5BZ4
£220K02/230.11 mi14, Knight Street, Worcester, Worcestershire WR2 5DB4
£230K06/210.13 mi13, Mcintyre Road, Worcester, Worcestershire WR2 5LG4
£355K02/210.17 mi97, Comer Road, Worcester, Worcestershire WR2 5HY4
£585K02/230.17 mi112, Bromyard Road, Worcester, Worcestershire WR2 5DJ4
£432K12/220.25 mi79, Bransford Road, Worcester, Worcestershire WR2 4ER4
£310K10/210.25 mi12a, Greathouse Road, Worcester, Worcestershire WR2 4HU4
£450K06/230.27 mi34, Laugherne Road, Worcester, Worcestershire WR2 5LS4
£210K05/230.27 mi58a, Henwick Road, Worcester, Worcestershire WR2 5NT4
£380K12/220.29 mi1, Boughton Street, Worcester, Worcestershire WR2 4HE4
£482.5K12/200.29 mi107, Bransford Road, Worcester, Worcestershire WR2 4ET4
£255K08/230.31 mi45, Henwick Avenue, Worcester, Worcestershire WR2 5JB4
£365K11/220.33 mi43, Boughton Street, Worcester, Worcestershire WR2 4HE4
£382.5K05/230.33 mi79, Laugherne Road, Worcester, Worcestershire WR2 5LY4
£475K12/230.33 mi10, Palmers Green, Worcester, Worcestershire WR2 4JY4
£395K03/210.34 mi117, Laugherne Road, Worcester, Worcestershire WR2 5LY4
£330K05/210.34 mi1, Boughton Street, Worcester, Worcestershire WR2 4HE4
£535K01/210.34 mi48, Boughton Street, Worcester, Worcestershire WR2 4HE4
£275K12/220.35 mi20, Hardwicke Close, Worcester, Worcestershire WR2 5NX4
£495K01/240.39 mi3, Ellis Road, Worcester, Worcestershire WR2 4AH4
£285K07/210.4 mi16, Sanctuary Close, Worcester, Worcestershire WR2 5PY4
£245K02/210.4 mi20, Willis Place, Worcester, Worcestershire WR2 4BJ4
£290K04/230.43 mi187, Bromyard Road, Worcester, Worcestershire WR2 5EA4
£345K11/200.43 mi12, Swinton Close, Worcester, Worcestershire WR2 4HA4
£310K01/230.44 mi20, Willis Place, Worcester, Worcestershire WR2 4BJ4
£295K04/210.47 mi57, Woodstock Road, Worcester, Worcestershire WR2 5ND4
£310.1K07/210.47 mi16, Kingsbury Road, Worcester, Worcestershire WR2 4JH4
£335K01/210.47 mi38, Kingsbury Road, Worcester, Worcestershire WR2 4JH4
£395K11/200.48 mi21, Claverham Close, Worcester, Worcestershire WR2 4NB4
£411K05/210.48 mi9b, Swinton Lane, Worcester, Worcestershire WR2 4JT4
£573K02/230.53 mi132, Henwick Road, Worcester, Worcestershire WR2 5PB4
£437.5K02/210.55 mi140, Henwick Road, Worcester, Worcestershire WR2 5PB4
£410K09/230.57 mi46, Bloomfield Road, Worcester, Worcestershire WR2 4JN4
£355K11/230.64 mi33, Sentinel Close, Worcester, Worcestershire WR2 5FA4
£323K08/230.64 mi15, Sentinel Close, Worcester, Worcestershire WR2 5FA4
£305K10/230.64 mi45, Sentinel Close, Worcester, Worcestershire WR2 5FA4
£450K07/230.64 mi4, Margaret Road, St Johns, Worcester, Worcestershire WR2 4LR4
£300K05/210.67 mi21, Severn Terrace, Worcester, Worcestershire WR1 3EH4
£425K11/210.67 mi14, Severn Terrace, Worcester, Worcestershire WR1 3EH4
£350K01/210.67 mi40, Severn Terrace, Worcester, Worcestershire WR1 3EH4
£387K02/230.69 mi78a, Oldbury Road, Worcester, Worcestershire WR2 6AR4
£457K03/210.7 miYork House, The Moors, Worcester, Worcestershire WR1 3EE4
£630K01/210.76 mi6, Croome Road, Worcester, Worcestershire WR2 4PL4
£280K02/210.77 mi7, Low Fold Close, Worcester, Worcestershire WR2 5UE4
£280K02/210.77 mi12, Low Fold Close, Worcester, Worcestershire WR2 5UE4
£377.5K02/230.77 mi9, Low Fold Close, Worcester, Worcestershire WR2 5UE4
£750K01/210.77 mi22, Britannia Square, Worcester, Worcestershire WR1 3DH4
£495K04/210.78 mi41, Moor Street, Worcester, Worcestershire WR1 3DB4

Local Area Statistics

Population in WR2

29,799

Population in Worcester

142,140

Town centre distance

0.96 miles away

Nearest school

0.10 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-23%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £250,000

February 7, 2025

Description

  • Well present HMO property already let for 2025/2026 academic year +
  • University of Worcester students in situ, 12 minute walk to St Johns campus +
  • Fully furnished investment property with 10% gross yield +
  • Extended to the ground floor to provide kitchen/diner +
  • Four double bedrooms with bedroom furniture +
  • Ground floor shower room and first floor bathroom +

A great HMO investment property currently tenanted and further secured with students for the next academic year from September 2025 with a gross rent of £24960.00 per annum. Well laid out accommodation with a large double bedroom in the converted cellar and a further double bedroom to the ground floor. The property has a separate lounge and a kitchen with breakfast bar. A rear hallway gives access to a shower room and door to rear garden. The first floor has two double bedrooms with a bathroom. Currently the property is full tenanted with a gross annual income of £24,000.

EPC Rating: D

Agent Details

Nested, Nationwide

020 3838 0693

Next Steps?

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