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HMO Portfolio, Oldbury Road, Worcester, Worcestershire, WR2 6AR

PROPERTY TYPE

Town House

BEDROOMS

31

BATHROOMS

15

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • St Johns
  • High-Yielding HMO (House in Multiple Occupation) Portfolio
  • ALL ROOMS FULLY LET FOR 2024/2025
  • Strategically Situated in High-demand, Sought-after Student Areas
  • Immediate Income with all 31 Rooms Fully Occupied until July 2024
  • Secure Avenue for Income and Growth
  • Annual Rental Income £173,855.00
  • 7.5% Gross Return, Eight Separate Properties
  • Being sold via Secure Sale
  • Immediate ‘exchange of contracts’ available

Description

Worcester City, situated on the east side of the River Severn, offers road links to Birmingham in the north and Cheltenham and Bristol to the south via the M5. The A422 & A44 takes you east to Stratford Upon Avon and the vale of Evesham respectively. The bridge across the river heads west towards the suburb of St Johns, a prime area for property investment served by Worcester University. Alternative travel is offered by way of Crowngate Bus Station and Foregate Street railway station in the city centre. Worcester’s main High Street is supported by major brand retailers blended with traditional specialist shops to provide a comprehensive range of services. For leisure and entertainment there is a wide choice of pubs, restaurants, live music venues, night clubs and cinemas. In addition the river and canal water ways, Swan Theatre and Cathedral offer further opportunity for rest and relaxation.

ALL ROOMS FULLY LET FOR 2024/2025

A large private portfolio of eight, individual Licensed HMO (House in Multiple Occupation) properties located with in the high-demand, sought-after student area of St Johns WR2.

ALL ROOMS FULLY LET FOR 2024/2025

The portfolio comprises:
 72 Oldbury Road, St Johns, WR2 6AR, 4 bedroom semi - £2045.00pcm 
 74 Oldbury Road, St Johns, WR2 6AR, 4 bedroom semi - £2060.00pcm   
 76 Oldbury Road,St Johns, WR2 6AR, 4 bedroom semi - £1975.00pcm    
167 Oldbury Road, St Johns, WR2 6AR, 3 bedroom mid-terrace - £1625.00pcm 
1 Comer Gardens, St Johns, WR2 6AJ, 4 bedroom detached - £1950.00pcm
72 Blenheim Road, St Johns, WR2 5NG,4 bedroom semi - £2045.00pcm
41 Blenheim Road, St Johns, WR2 5NG 4 bedroom semi - £2045.00pcm   
14 Henwick Avenue, St Johns, WR2 5JB, 4 bedroom mid-terrace - £2060.00pcm.    
Total Lettable Bedrooms - 31 and are fully let.
All tenancies are individual, 11 month HMOAST's starting 1st September 2023 to 31st July 2024.

Each property has its own separate, non-transferable, 5 year HMO license in place.

ALL ROOMS FULLY LET FOR 2024/2025

Combined total income per month - £15,805.00
Combine total annual income - £173,855.00.

ALL ROOMS FULLY LET FOR 2024/2025

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.


COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Off street
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

HMO Portfolio, Oldbury Road, Worcester, Worcestershire, WR2 6AR

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Worcester Foregate Street Station1.1 miles
  • Worcester Shrub Hill Station1.6 miles
  • Worcestershire Parkway Station4.7 miles
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About the agent

Platinum Property Agents, Worcestershire

15-17 St. Johns, Worcester, WR2 5AE

Platinum Property Agents, Worcestershire

Platinum Property Agents has offices in St Johns, to the West of Worcester, and Malvern Link working together as one in providing unrivalled coverage for selling town and country property, and letting both residential & student accommodation.

The company was founded in 2008 based on blending the best of the traditional estate agency with the best modern practices and technology available. Our vision is to offer the best service standards possible using our expertise and professionalism

More properties from this agent

Industry affiliations

National Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)Association of Residential Letting Agents

Notes

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Disclaimer - Property reference PLT_WRC_LFSYCL_320_798264517. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Platinum Property Agents, Worcestershire. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Platinum Property Agents, Worcestershire on 01905 426000.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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