Potential 4-Bed HMO, Worcester, WR2 5LL, £240,000

Buck Street, Worcester, Worcestershire, WR2 5LL - 2 views - a month ago

HMO
ROI: 9%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£152K - £378K
Sold Prices/m²£1.5K/m² - £4.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£263,780
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Total Cash In

£73,200

 

 

Cash Out

 

Room Rate

£555

Gross Rent

£2,220

Running Costs/mo

£1,673

Cashflow/mo

£547

Cashflow/yr

£6,559

ROI

9%

Gross Yield

11%

Local Sold Prices

52 sold prices from £152K to £378K, average is £256K. £1.5K/m² to £4.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£216K11/200.01 mi7, Buck Street, Worcester, Worcestershire WR2 5LL3
£208.5K01/210.05 mi21, Mcintyre Road, Worcester, Worcestershire WR2 5LG3
£250K03/210.05 mi2, Mcintyre Road, Worcester, Worcestershire WR2 5LG3
£310K04/230.05 mi4, Mcintyre Road, Worcester, Worcestershire WR2 5LG3
£295K03/210.07 mi77, Mcintyre Road, Worcester, Worcestershire WR2 5LQ3
£206K03/210.14 mi78, Comer Road, Worcester, Worcestershire WR2 5HY3
£265K06/230.14 mi65, Windsor Avenue, Worcester, Worcestershire WR2 5LZ3
£215K05/210.14 mi35, Windsor Avenue, Worcester, Worcestershire WR2 5LZ3
£378K05/230.14 mi63, Comer Road, Worcester, Worcestershire WR2 5HY3
£322K08/210.14 mi90, Comer Road, Worcester, Worcestershire WR2 5HY3
£295.3K11/210.14 mi94, Comer Road, Worcester, Worcestershire WR2 5HY3
£275K01/210.15 mi10, Laugherne Road, Worcester, Worcestershire WR2 5LS3
£363.8K04/230.15 mi20, Laugherne Road, Worcester, Worcestershire WR2 5LS3
£215.5K09/230.17 mi11, Happy Land West, Worcester, Worcestershire WR2 5DQ3
£330K08/230.2 mi71, Bromyard Road, Worcester, Worcestershire WR2 5BZ3
£370K01/210.2 mi21a, Bromyard Road, Worcester, Worcestershire WR2 5BZ3
£370K11/230.21 mi107, Laugherne Road, Worcester, Worcestershire WR2 5LY3
£169K11/200.22 mi3, Blakefield Walk, Worcester, Worcestershire WR2 5DW3
£167K02/210.22 mi69, Nelson Road, Worcester, Worcestershire WR2 5BL3
£196K04/210.23 mi47, Sanctuary Close, Worcester, Worcestershire WR2 5PY3
£220K03/210.23 mi15, Sinton Terrace, Worcester, Worcestershire WR2 5JZ3
£227.5K12/230.23 mi5, Sinton Terrace, Worcester, Worcestershire WR2 5JZ3
£355K02/230.24 mi4, Blakefield Gardens, Worcester, Worcestershire WR2 5DS3
£170K12/200.24 mi11, Blakefield Road, Worcester, Worcestershire WR2 5DR3
£270K03/230.25 mi53, Blenheim Road, Worcester, Worcestershire WR2 5NQ3
£293K01/210.26 mi52, Blenheim Road, Worcester, Worcestershire WR2 5NG3
£360K03/230.26 mi141a, Comer Road, Worcester, Worcestershire WR2 5JD3
£260K05/210.27 mi52, Woodstock Road, Worcester, Worcestershire WR2 5NE3
£220K01/240.27 mi67, Blakefield Road, Worcester, Worcestershire WR2 5DP3
£250K10/230.27 mi3, Hampton Close, Worcester, Worcestershire WR2 5LX3
£250K10/230.27 mi3, Hampton Close, Worcester, Worcestershire WR2 5LX3
£265K10/220.29 mi23, Graham Road, Worcester, Worcestershire WR2 5AW3
£245K06/230.29 mi11, Bromyard Road, Worcester, Worcestershire WR2 5BS3
£325K08/230.29 mi9, Bromyard Road, Worcester, Worcestershire WR2 5BS3
£250K03/230.29 mi13, Graham Road, Worcester, Worcestershire WR2 5AW3
£220K11/200.29 mi3, Wheeler Close, Worcester, Worcestershire WR2 5PH3
£256K06/230.29 mi6, Wheeler Close, Worcester, Worcestershire WR2 5PH3
£311K02/230.31 mi148, Penhill Crescent, Worcester, Worcestershire WR2 5PZ3
£220K06/230.31 mi7, Arrowsmith Avenue, Worcester, Worcestershire WR2 5JA3
£223K10/230.31 mi10, Arrowsmith Avenue, Worcester, Worcestershire WR2 5JA3
£178.4K11/200.31 mi22, Westbourne Close, Worcester, Worcestershire WR2 5NU3
£258K01/230.31 mi8, Graham Road, Worcester, Worcestershire WR2 5AW3
£255K02/210.32 mi115, Bransford Road, Worcester, Worcestershire WR2 4ET3
£256K09/210.33 mi52, Greenacres Road, Worcester, Worcestershire WR2 5EZ3
£265K01/210.33 mi170, Penhill Crescent, Worcester, Worcestershire WR2 5PZ3
£295K01/210.33 mi152, Penhill Crescent, Worcester, Worcestershire WR2 5PZ3
£295K05/230.33 mi150, Penhill Crescent, Worcester, Worcestershire WR2 5PZ3
£152K01/210.33 mi29, Bransford Road, Worcester, Worcestershire WR2 4EW3
£197K07/210.34 mi4, Abbey Close, St Johns, Worcester, Worcestershire WR2 4HR3
£320K08/230.35 mi179, Bromyard Road, Worcester, Worcestershire WR2 5EA3
£320K08/230.35 mi179, Bromyard Road, Worcester, Worcestershire WR2 5EA3
£228K04/230.35 mi23, Oldbury Road, Worcester, Worcestershire WR2 6AA3

Local Area Statistics

Population in WR2

29,799

Population in Worcester

142,140

Town centre distance

1.12 miles away

Nearest school

0.30 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-23%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £240,000

March 6, 2025

Floor Plans

Description

  • Three (3) Bedroom Terraced House with Loft +
  • Two (2) Reception Areas +
  • Bathroom +
  • Kitchen +
  • Spacious Back Garden +
  • On Road Parking +
  • Ideal for Family or Couple +
  • Eighteen (18) Minutes' Walk to University of Worcester Arena +
  • EPC Rating - E +

A fantastic opportunity to purchase this well-presented 3-bedroom home in a sought-after Worcester location. Ideal for professionals, a small family, or savvy investors, this property offers both comfort and strong rental potential.

Prime Location – Conveniently situated close to local amenities, transport links, and reputable schools. Spacious Accommodation – Well-proportioned bedrooms, a bright living area, and a modern kitchen. Outdoor Space – Enjoy a private garden, perfect for relaxing or entertaining. Great Connectivity – Easy access to Worcester city centre and major road links. Decoration – The property has a recent makeover including new carpets.

Investment Opportunity – Currently the property has been a 4-bedroom HMO prior to 2013 and has fire doors and hard-wired smoke alarms. An investor could rent the property to students or professionals on a house share or to a family. With strong rental demand in the area, this property is an excellent investment opportunity. Don’t miss out!

Contact us today to arrange a viewing!

Agent Details

Platinum Property Agents, Worcestershire

01905 975315

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪