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5 bedroom detached bungalow for sale
193 Oldbury Road, Worcester, Worcestershire, WR2 6AS
£260,000
193 Oldbury Road, Worcester, Worcestershire, WR2 6AS
£260,000
Our Summary
- Guide Price = £240,000 - £260,000 Property for auction on 10th September at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT The Property is offered for sale by Instruction of The Joint LPA Receivers
- Potential Total Rent (When Fully Let) Circa: £33,000 per annum
Description
This detached bungalow, situated on Oldbury Road in Worcester, is a house in multiple occupation (HMO) with five lettable rooms, generating a current rent of circa £20,000 per annum. The property has mostly UPVC double glazed windows, gas fired central heating, and off-road car parking. It is prominently located overlooking public open space and has the potential to be converted back into a single family dwelling house. The property is currently occupied by four tenants, producing a rental income of £2,250 per month, with potential for the fifth room to be let, increasing the total rent to circa £33,000 per annum. The property has a valid HMO licence until August 2025, which will need to be renewed by the new owner.