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Farrier Street, Worcester, Worcestershire, WR1 3BH

PROPERTY TYPE

Detached

BEDROOMS

48

BATHROOMS

48

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

  • 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

Discover an exceptional investment opportunity with this impressive 48-bedroom house located on Farrier Street in Worcester. Perfectly positioned just a mere four-minute walk from the University of Worcester City Campus, this property boasts excellent rental potential and a range of outstanding features that make it a highly attractive proposition.

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.
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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

Farrier Street, Worcester, Worcestershire, WR1 3BH

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About Platinum Property Agents, Worcestershire

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

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 to advise you on the promotion, negotiation and transfer or management of your property.

We believe that the best results come from having a real understanding of what you really are trying to achieve. Blending our expertise with transparency creates real results in an ever changing market.

Your mortgage

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Years
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Monthly repayments
£15,250
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Disclaimer - 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.

*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.
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