Offers over
£55,000
2 bed flat for sale8 New Street Nash House, Worcester WR1
2 beds
1 bath
EPC Rating: D
About this property
Sold with tenants in situ
First Floor
Leasehold - 96 Years
Ground Rent - £8 pcm
Service Charge - £233 pcm
Building Insurance - £3,381.25 pa
Grade II Listed Build
A ready-made investment opportunity located within the well-established city centre rental area of New Street, Worcester, WR1, currently generating £800 pcm from reliable long-term tenants with no arrears history. Positioned within a consistently strong Worcester rental hotspot, the property benefits from high tenant demand driven by city centre employment, transport links and nearby amenities.
Priced below market value due to seller motivation, the property offers investors immediate equity alongside a projected yield of over 15%. Comparable rental properties within the WR1 postcode are typically achieving between £850–£1,050 pcm for similar city-centre apartments and terraced homes, supported by strong demand from professionals, students and nhs workers.
The property is presented in low-maintenance condition with no major works required, making it an ideal hands-off addition to any investment portfolio.
Please be aware that any systems, appliances, or services depicted in photographs have not been tested by us and are subject to a fixtures and fittings agreement with the seller.
Once an offer is accepted, a deposit of £7,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.
All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.
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More information
Tenure
Leasehold (96 years)
Service charge
Council tax band
Ground rent
Ground rent date of next review
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