HMO Portfolio, Oldbury Road, Worcester
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HMO Portfolio, Oldbury Road, Worcester

By Price Estate Agents

£ 1,900,000

Reviews

2 out of 5 stars

Price Estate Agents says ..

A prime investment opportunity is offered to acquire a private portfolio of eight individual student rental properties, strategically positioned to maximise rental income within the borough of Worcester.

Property Oracle says ..

This property is presented as an HMO portfolio located in St Clement, Worcester. The listing highlights the investment potential of eight individual student rental units. The property comprises 31 bedrooms and 15 bathrooms, suggesting a substantial size suitable for a large number of tenants. The provided photographs showcase the interior of several units, which appear to be recently refurbished and furnished to a reasonable standard, with modern kitchens and bathrooms. The location is relatively close to the University of Worcester, making it attractive to students. However, the lack of information on the specific rental income generated, operating expenses, and comparable sales data for similar HMO portfolios in the area prevents a full assessment of the investment’s viability and the justification of the asking price. The absence of any significant land associated with the property is a notable drawback. Overall, the property presents itself as a potentially lucrative investment opportunity for those interested in the student rental market in Worcester, but further due diligence is essential before committing to a purchase at the listed price.

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
6
Condition
7
Location
7
Land
1
Bedrooms
31
Bathrooms
15
Sqft (est)
1,153.89

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
403,000.00 £
Increased by 26.22 %
from 319,294.00 £
Est sale value
378,475.92 £
Decreased by 0.61 %
from 380,783.70 £
Average area rental value
1,667.00 £/mo
Increased by 74.74 %
from 954.00 £/mo
Est letting value
1,153.89 £/mo
from 0.00 £/mo
Est rental Yield
4.96 %
Increased by 38.16 %
from 3.59 %
Crime Rate
2.00 %
Unchanged by 0.00 %
from 2.00 %

Agent Activity

  • Price Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
University Of WorcesterHigher Education Institutions0.46 KM
Oldbury Park Primary Rsa AcademyAcademy Converter0.89 KM
Dines Green Community AcademyAcademy Sponsor Led1.24 KM
Tudor Way Children'S CentreChildren's Centre1.33 KM
St Clement'S Cofe PrimaryAcademy Converter1.48 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Forest Close £ 000.00 KM
Oakley Close £ 159,50000.00 KM
Elgar Way £ 000.00 KM
Gresham Road £ 96,00000.00 KM
Nimrod Drive £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Worcester Foregate Street4893WOF2.85 KM
Worcester Shrub Hill4891WOS4.19 KM

Nearby Listings

AddressPriceTypeScoreDistance
HMO Portfolio, Oldbury Road, Worcester £ 1,900,000BUY5 / 100.00 KM
HMO Portfolio, Oldbury Road, Worcester, Worcestershire, WR2 6AR £ 1,900,000BUYUnknown0.00 KM
Comer Gardens, WR2 £ 375,000BUY7 / 100.10 KM
Lodge Close, Worcester, Worcestershire £ 280,000BUY5 / 100.11 KM
Oldbury Road, Worcester £ 300,000BUYUnknown0.13 KM

Nearby Properties

AddressPriceDistance
6 The Mead £ 265,0000.09 KM
187 Oldbury Road £ 149,0000.09 KM
189 Oldbury Road £ 196,5000.09 KM
86 Oldbury Road £ 149,5000.09 KM
2 Lodge Close £ 244,0000.09 KM