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Broadway Grove, Worcester, Worcestershire, WR2 5EU

PROPERTY TYPE

Detached

BEDROOMS

3

BATHROOMS

1

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

Floorplan 1
1

Key features

  • Investment Opportunity
  • Three (3) Bedroom Terraced House
  • HMO Standard Compliant (licence not required)
  • 5 year Company Let
  • Spacious Living Room and Diner
  • Bathroom
  • Back Garden
  • Off Road Parking
  • Currently Let for £1610.72 pcm
  • Gross Annual Rent £19,328.64

Description

Investment Opportunity! HMO Standard 3-Bedroom Terraced House in Broadway Grove, Worcester


Looking for a profitable investment in Worcester? This well-maintained 3-bedroom terraced house in the desirable Broadway Grove is an excellent opportunity! Currently let for £1,610.72 per month, generating a gross annual rent of £19,328.64, this property offers strong rental returns.

Key Features


  • Spacious Living & Dining Area – A well-sized communal space ideal for relaxation and socializing.
  • Three (3) Bedroom Terraced House - Small bedroom used as a storage facility
  • Well-Maintained – Kept in excellent condition, ensuring a hassle-free investment.
  • Modern Bathroom – A well-appointed bathroom for tenant convenience.
  • Private Back Garden – A great outdoor space for tenants to enjoy.
  • Off-Road Parking & Driveway – Convenient parking for residents.
  • Prime Location – Close to local amenities, schools, transport links, and Worcester city centre.
  • No Utilities, Council Tax, or Licence Fees – Enjoy reduced overhead costs, maximizing your net rental income.
  • Unfurnished – A blank slate for tenants to personalize.
  • EPC Rating - D

Investment Potential


With a monthly rental income of £1,610.72 and a gross annual rent of £19,328.64, on a 5 year company agreement, this property offers a lucrative return. The property has HMO standard safety protection but an HMO licence is not required because only two bedrooms are used by the occupants. The company provides the furniture and appliances, and takes responsibility for minor repairs, however, the owner would be required to maintain the fabric of the building and safety equipment. Utilities and council tax are the responsibility of the company tenant.

With a rental yield of 7.4%, this compares favourably to a net yield from Student Letting without the additional work!

Worcester’s housing market has shown consistent growth, making this a solid long-term investment. Professional letting agents can manage the property for a hands-free experience.

Location


Broadway Grove is a sought-after residential area in Worcester, known for its community atmosphere, excellent transport links, and local amenities. Shops, supermarkets, restaurants, and pubs are within easy reach, making it a desirable location for tenants. Well-regarded schools nearby also make it appealing for families.

Conclusion


This HMO standard unfurnished 3-bedroom terraced house in Broadway Grove is a fantastic investment opportunity. With no utilities, council tax, or licence fees, your overheads are significantly reduced, increasing your net income. Strong rental yields, a prime location, and long-term growth potential make this property a must-see.

Contact us today to arrange a viewing and secure your next investment!

Brochures

Brochure 1
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: D
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.
Back garden
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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Broadway Grove, Worcester, Worcestershire, WR2 5EU

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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

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£1,240
We think you can borrow up to
Add your household income above
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Disclaimer - Property reference PLT_WRC_LFSYCL_320_798397001. 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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