Pierpoint Street, Worcester, WR1 1TA
By Platinum Property Support Ltd
£ 1,235,000
Reviews
2 out of 5 stars
Platinum Property Support Ltd says ..
A fine opportunity to purchase a rare freehold, high yielding investment property consisting of 15 studio apartment and 2 one bedroom apartments nestled in the heart Worcester City Centre and is fully let with an annual income £139,200.00
Property Oracle says ..
This property in Worcester city center is a substantial multi-unit investment opportunity comprising 15 studio apartments and two one-bedroom apartments. The location is a key strength, with close proximity to Worcester Foregate Street train station offering convenient access to major cities. The nearby presence of several well-regarded schools adds to the property’s potential appeal to renters. The interior images reveal newly renovated or refurbished apartments, although minor cosmetic issues are present in a few of the pictures. The property’s lack of external space and the absence of total square footage data makes a definitive price-per-square-foot analysis impossible. While the stated rental income is high, suggesting good value, the substantial list price requires careful assessment by potential investors. Additional information, such as the lease terms, management details, and detailed condition reports, would improve the overall investment analysis.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 8
- Land
- 1
- Bedrooms
- 17
- Bathrooms
- 17
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 241,538.00 £Increased by 19.85 %
- Average area rental value
- 906.00 £/moIncreased by 1.12 %
- Est rental Yield
- 4.50 %Decreased by 15.73 %
- Crime Rate
- 34.00 %Unchanged by 0.00 %
Agent Activity
Platinum Property Support Ltd created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Royal Grammar School Worcester | Other Independent School | 0.70 KM | |
| The King'S School | Other Independent School | 0.89 KM | |
| St George'S Catholic Primary School | Voluntary Aided School | Good | 1.06 KM |
| St George'S Cofe Primary School | Voluntary Aided School | Requires improvement | 1.11 KM |
| Bishop Perowne Cofe College | Academy Converter | Good | 1.13 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Hop Market | £ 0 | 0 | 0.00 KM |
| Harrington Road | £ 216,000 | 0 | 0.00 KM |
| St Swithin's Street | £ 0 | 0 | 0.00 KM |
| Mc Naught Place | £ 0 | 0 | 0.00 KM |
| Crowngate Chapel Walk | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Worcester Foregate Street | 4893 | WOF | 0.06 KM |
| Worcester Shrub Hill | 4891 | WOS | 1.31 KM |
| Worcestershire Parkway | 6580 | WOP | 8.06 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Pierpoint Street, Worcester, WR1 1TA | £ 1,235,000 | BUY | 5 / 10 | 0.00 KM |
| Foregate Street, Worcester, WR1 | £ 110,000 | BUY | 6 / 10 | 0.05 KM |
| Foregate Street, Worcester, WR1 | £ 110,000 | BUY | 6 / 10 | 0.05 KM |
| Flat 15, 18 Foregate Street, Worcester. WR1 1DN | £ 90,000 | BUY | 5 / 10 | 0.07 KM |
| Taylors Court, Taylors Lane | £ 125,000 | BUY | Unknown | 0.09 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 6 Sansome Place | £ 312,500 | 0.10 KM |
| 12 Sansome Walk | £ 81,000 | 0.18 KM |
| 4 Arboretum Road | £ 234,700 | 0.21 KM |
| 24 Arboretum Road | £ 197,000 | 0.21 KM |
| 2 Arboretum Road | £ 245,000 | 0.21 KM |