2 Bed Terraced House, Single Let, Worcester, WR2 4LQ, £160,000

Malvern Road, Worcester, Worcestershire, WR2 4LQ - 2 views - a month ago

BTL
ROI: 2%
~68 m²

ValuationUndervalued

Sold Prices£147.5K - £275K
Sold Prices/m²£1.6K/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£186,543
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£10,200

Total Cash In

£50,200

 

 

Cash Out

 

Rent Range

£680 - £1,100

Rent Estimate

£850

Running Costs/mo

£690

Cashflow/mo

£160

Cashflow/yr

£1,920

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £147.5K to £275K, average is £192.5K. £1.6K/m² to £3.9K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£205K12/230.03 mi42, Middle Road, Worcester, Worcestershire WR2 4HT2
£170K08/210.03 mi29, Middle Road, Worcester, Worcestershire WR2 4HT2
£181K09/230.03 mi14, Middle Road, Worcester, Worcestershire WR2 4HT2
£147.5K05/210.03 mi9, Middle Road, Worcester, Worcestershire WR2 4HT2
£197.5K04/230.05 mi14, Bedwardine Road, Worcester, Worcestershire WR2 4HZ2
£152.5K06/210.08 mi17, Pitmaston Road, Worcester, Worcestershire WR2 4HY2
£165K07/210.08 mi5, Pitmaston Road, Worcester, Worcestershire WR2 4HY2
£203K02/230.1 mi41, Pitmaston Road, Worcester, Worcestershire WR2 4JA2
£238K04/210.1 mi80, Foley Road, Worcester, Worcestershire WR2 4NE2
£238K04/210.1 mi80, Foley Road, Worcester, Worcestershire WR2 4NE2
£265K08/230.11 mi79, Foley Road, Worcester, Worcestershire WR2 4ND2
£215K01/210.11 mi79, Foley Road, Worcester, Worcestershire WR2 4ND2
£245K06/210.11 mi77, Foley Road, Worcester, Worcestershire WR2 4ND2
£240K04/210.11 mi75, Foley Road, Worcester, Worcestershire WR2 4ND2
£242K12/220.12 mi2, Skinner Road, Worcester, Worcestershire WR2 4JB2
£180K06/210.18 mi5, Skinner Street, Worcester, Worcestershire WR2 4JD2
£170K03/210.18 mi12, Boughton Street, Worcester, Worcestershire WR2 4HE2
£185K07/230.2 mi9, Trelawney Close, Worcester, Worcestershire WR2 4HG2
£210K12/220.2 mi104, Winchester Avenue, Worcester, Worcestershire WR2 4JQ2
£226K10/230.23 mi52, Blakefield Road, Worcester, Worcestershire WR2 5DP2
£152K01/210.23 mi64, Blakefield Road, Worcester, Worcestershire WR2 5DP2
£181K05/210.23 mi58, Blakefield Road, Worcester, Worcestershire WR2 5DP2
£230K06/230.23 mi72, Blakefield Road, Worcester, Worcestershire WR2 5DP2
£164K12/200.23 mi62, Blakefield Road, Worcester, Worcestershire WR2 5DP2
£200K10/200.24 mi26, Kingsbury Road, Worcester, Worcestershire WR2 4JH2
£275K07/230.24 mi43, Kingsbury Road, Worcester, Worcestershire WR2 4JH2
£160K01/210.28 mi19, Smiths Avenue, Worcester, Worcestershire WR2 4JX2
£167.5K12/200.31 mi8, Nelson Road, Worcester, Worcestershire WR2 5BN2
£152K01/210.32 mi17, Bromyard Terrace, Worcester, Worcestershire WR2 5BW2
£230K12/200.33 mi1, Catherine Road, Worcester, Worcestershire WR2 4JL2
£183.5K09/210.33 mi39, Nelson Road, Worcester, Worcestershire WR2 5BL2
£182.5K01/210.33 mi33, Nelson Road, Worcester, Worcestershire WR2 5BL2
£187K05/210.33 mi19, Nelson Road, Worcester, Worcestershire WR2 5BL2
£197K09/210.37 mi14, Grosvenor Walk, Worcester, Worcestershire WR2 5BJ2
£175K02/240.37 mi6, Grosvenor Walk, Worcester, Worcestershire WR2 5BJ2
£233.5K02/230.37 mi5, Happy Land West, Worcester, Worcestershire WR2 5DQ2
£165K03/210.37 mi4, Happy Land West, Worcester, Worcestershire WR2 5DQ2
£182K02/210.37 mi11, Happy Land West, Worcester, Worcestershire WR2 5DQ2
£203K10/210.38 mi28, Lambert Road, Worcester, Worcestershire WR2 5DG2
£190K01/240.42 mi24a, Henwick Road, Worcester, Worcestershire WR2 5NP2
£233K11/210.42 mi23, Mcintyre Road, Worcester, Worcestershire WR2 5LG2
£187.5K06/210.42 mi20, Mcintyre Road, Worcester, Worcestershire WR2 5LG2
£200K11/230.42 mi51, Mcintyre Road, Worcester, Worcestershire WR2 5LQ2
£225K09/230.42 mi66, Mcintyre Road, Worcester, Worcestershire WR2 5LQ2
£195K09/210.42 mi69, Mcintyre Road, Worcester, Worcestershire WR2 5LQ2
£190K08/210.42 mi81, Mcintyre Road, Worcester, Worcestershire WR2 5LQ2
£218K06/230.42 mi69, Mcintyre Road, Worcester, Worcestershire WR2 5LQ2
£210K07/230.47 mi12, Hopton Street, Worcester, Worcestershire WR2 5LH2
£170K03/210.47 mi27, Rowley Hill Street, Worcester, Worcestershire WR2 5LN2
£190K06/230.47 mi43, St Clements Court, Worcester, Worcestershire WR2 5NW2

Local Rents

12 rents from £680/mo to £1.1K/mo, average is £885/mo.

RentDateDistanceAddressBeds 
£1,10008/240.05 mi-2
£87503/250.09 mi-2
£92511/240.29 miApartment2
£68011/240.34 miFlat 7, Cinderella Court, Watery Lane, Worcester2
£85011/240.34 miBozward Street, Worcester, Worcestershire, WR22
£95004/250.35 mi-2
£85011/240.36 miLapal Close, Worcester2
£97511/240.38 miWillis Place, WORCESTER2
£89511/240.41 miCordwainers Court, Willis Place, Worcester2
£92511/240.42 miIngles Drive, Worcester, Worcester2
£85011/240.55 miHenwick Road, WORCESTER2
£85011/240.55 miSt Johns, Worcester2

Local Area Statistics

Population in WR2

29,799

Population in Worcester

142,140

Town centre distance

0.94 miles away

Nearest school

0.10 miles away

Nearest train station

0.94 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-23%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £160,000

March 28, 2025

Listed for £180,000

March 12, 2025

Description

This two-bedroom terraced house offers a blank canvas in a highly desirable location.
The property features a spacious ground floor with a welcoming living room, a separate dining area perfect for family meals, a kitchen ready for a modern upgrade and a downstairs bathroom.
A useful cellar provides extra storage space or the potential for further development. The first floor boasts two well-proportioned bedrooms and a family bathroom.
Outside, a quaint courtyard garden awaits, offering a private retreat for outdoor enjoyment. The property also benefits from its proximity to excellent amenities, including a local sports centre, a Sainsbury's supermarket, and the highly-regarded Pitmaston Primary School (Ofsted Outstanding).
This is a superb opportunity to create a stunning family home tailored to your exact specifications.
Enquire today on .

Agent Details

The Property Centre, St Johns

01905 675412

Next Steps?

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