>
8 bedroom detached house for sale
Droitwich Road, Worcester WR3
£650,000
Droitwich Road, Worcester WR3
£650,000
Our Summary
- Prominent freehold residential investment offering immediate income, defined reversionary uplift and future growth potential, including parking and management control, set within a landmark Worcester building
- The property currently produces approximately £46,460 per annum, with reversionary potential to around £53,000+ per annum through rental alignment and near-term reletting
- Additional upside exists through alternative income strategies, subject to the necessary consents, creating a well-balanced opportunity combining income security, asset control and long-term growth potential
- - Strong existing income with reversionary potential through rental uplift and asset management
- - Further upside through short term and serviced accommodation opportunities subject to consent
- The flat is currently producing £1,015 per calendar month and is identified as having strong short term and serviced accommodation potential, with estimated income in the region of £2,000 to £3,000 per calendar month subject to the necessary consents
- Its size, configuration and ground floor position support broad tenant appeal, offering immediate scope to enhance income through rental realignment within the wider investment
- Its position within the building and balanced internal arrangement make it a stable income asset with scope for uplift through rental alignment
- The flat currently produces £695 per calendar month against an anticipated market rent of approximately £725 per calendar month, offering a modest reversionary uplift
- The flat is currently producing £595 per calendar month and is in the process of being relet, presenting an immediate opportunity for income uplift to an anticipated market rent of approximately £725 per calendar month
- For example, where the buyer declares themselves as a cash buyer but are in fact relying on an unsecured sale of their property
- Clear reversionary uplift potential
Description
This prominent freehold residential investment property is located in a landmark Worcester building and comprises seven self-contained luxury apartments over four floors. The property benefits from high ceilings, well-preserved period features, and a substantial car park with allocated spaces. The freehold includes the main building, gardens, and the majority of the car park, with a management company in place to administer maintenance charges. The property currently produces approximately £46,460 per annum, with reversionary potential to around £53,000+ per annum through rental alignment and near-term reletting. Additionally, there is potential for further income growth through alternative income strategies, subject to necessary consents. The property offers a well-balanced opportunity combining income security, asset control, and long-term growth potential.