New Bank Street, Worcester, Worcestershire, WR3
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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Key features
- Buy-to-let property investment
- Two bedroom apartment
- Net yield: 5.8%
- Rental income: £7,500 per annum
- Currently self managed by the landlord
- Tenure: Leasehold 999 years (share of the freehold)
Description
Asking Price: £120,000
Investment Overview
A well-presented two double bedroom first floor apartment forming part of the attractive conversion of the former Barbourne public house in the sought-after Barbourne area of Worcester (WR3).
The property is offered with:
Share of the Freehold
999-year lease (from 2015)
Zero ground rent
Low annual service charge - £567.80
Gas central heating & double glazing
Currently achieving £625 PCM (£7,500 per annum), with strong evidence from comparable two-bedroom properties locally suggesting a potential rental uplift to £775-£800 PCM.
Investment Performance
Current Income Position
Annual Rent: £7,500
Gross Yield: 6.25%
Projected Income Position (Market Rent £775-£800 PCM)
Rent PCM
Annual Income
Gross Yield: £775pcm - 7.75%
£800pcm - 8.00%
This represents a potential uplift of £1,800-£2,100 per annum in rental income.
Why This is a Strong Investment
Immediate income with clear rental growth potential
Gross yield up to 8%
Leveraged returns exceeding 15% ROI at market rent
Share of freehold security
999-year lease (mortgage-friendly)
Zero ground rent
Low annual service charge
High-demand Barbourne location within walking distance to the city centre
Proven two-bedroom rental market
Summary
A compelling opportunity to acquire a low-maintenance, income-generating asset with significant upside potential in one of Worcester's most consistently performing rental areas.
LET PURE INVESTOR TAKE THE STRAIN AWAY ...
We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we provide a fully managed service for landlords looking to minimise costs and maximise efficiency.
Fully managed lettings and property management service
Comprehensive coverage throughout England and Wales
One team, one fee across your full portfolio
Rental income protection available
Transfer your existing properties quickly and easily
If you would like to find out more about our lettings and property management service, or discover how much we could save you each month, please contact our team on Tel: .
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- 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
New Bank Street, Worcester, Worcestershire, WR3
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Visit our security centre to find out moreDisclaimer - Property reference The-Barbourne-Worcester. 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 Pure, Manchester. 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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