Farrier Street, Worcester, Worcestershire, WR1 3BH

- PROPERTY TYPE
Detached
- BEDROOMS
48
- BATHROOMS
48
- SIZE
Ask agent
- TENUREDescribes 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
- Student Let (HMO)
- Forty Eight (48) En-suite Bedroom
- Modern Living Room
- Fitted Kitchen
- Street Parking
- Four (4) Minute Walk to University of Worcester City Campus (0.2 miles)
- Throw Away Access to the Foregate Train Station
- Fully Let 2024 -25 = £50,700 Gross Rent each flat
- Advertised Rent 2025 -26 = £55,748 Gross Rent each flat
- Annual Rent for the whole building £334,488 Gross
Description
With its student let (HMO) status, this property presents a fantastic chance for those looking to invest in the lucrative student accommodation market. The 48 en-suite bedrooms in this expansive house ensure that demand for tenancies will remain consistently high. Students will appreciate the convenience and privacy offered by each bedroom's en-suite facilities, providing them with a comfortable and homely living experience.
Stepping inside the property, you'll find a modern living room that serves as a relaxing communal area for residents. Well-appointed and tastefully furnished, this space allows students to unwind, socialize, and build lasting friendships in a comfortable environment. The fitted kitchen is another highlight, offering ample storage and cooking facilities for the residents. It serves as an area where students can come together to prepare meals and share experiences, creating a sense of community within the property.
For those with vehicles, street parking is readily available in the vicinity, providing convenience and accessibility for both tenants and visitors. This practical amenity ensures that residents have easy access to transportation and the surrounding areas.
The proximity to the University of Worcester City Campus is a major advantage of this property. A four-minute walk, encompassing a short distance of only 0.2 miles, allows students to reach their classes with ease, saving them both time and money on transportation costs. This closeness to the university also creates an attractive selling point for potential tenants, giving them the opportunity to live just minutes away from their studies.
Considering the financial aspect, this property is currently fully let for the 2024-2025 academic year, generating a gross rent of £40,000 per flat. This steady rental income provides a secure financial return for investors. Looking ahead to the 2025-2026 academic year, the advertised rent is £42,000 per flat, making it an even more promising investment prospect. With these figures in mind, it is clear that this property offers investors a potentially substantial return on investment, creating a rock-solid foundation for a profitable venture.
Opportunities like this are rare, and properties with such a unique combination of location, amenities, and rental income potential are highly sought after. Whether you're a seasoned investor or entering the property market for the first time, the 48-bedroom house on Farrier Street is an opportunity that should not be overlooked. With its outstanding features, desirable location, and proven rental success, this property is sure to secure a bright future in the thriving student accommodation market. Seize this chance today and unlock the immense potential waiting for you!
- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Farrier Street, Worcester, Worcestershire, WR1 3BH
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Visit our security centre to find out moreDisclaimer - Property reference PLT_WRC_LFSYCL_320_798380435. 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.
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