3 Bed House For Sale Sidbury, Worcester, WR1
£175,000
1 of 15
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Last Updated: 22nd June 2024
Description
**Tenant in situ - Available to investors only**
A fantastic opportunity to acquire this investment property which is currently split into two separate apartments with you purchasing the freehold of the building. The property is offering a potential yield of over 8% with the rental income from the two apartments.
On the ground floor is a one bedroom apartment with living room & kitchen space, bedroom and bathroom. On the first floor is a two bedroom duplex apartment with a modern kitchen and living room with stairs leading up to the second floor containing the two bedrooms and bathroom.
The property is located within close proximity and walking distance to the City Centre and Cathedral plaza boasting an array of shops, cafes, restaurants and recreational facilities.
This is an excellent investment opportunity with the vendor currently achieving £500pcm on the ground floor apartment (due to increase to £550pcm) and £700pcm on the upper floor duplex apartment (due to increase to £775pcm). Owning the freehold would allow for other opportunities e.g. serviced short term apartments such as Airbnb.
A viewing is highly encouraged to see all this property offer and what a great investment property it is.
Ground Floor Flat - Living Room - Window to front aspect. Two ceiling light points. Electric heater. Storage cupboard with space and plumbing for washing machine.
Ground Floor Flat - Kitchen Area - Wall and base units with work surface. Integrated cooker and hob. Space for fridge freezer. Stainless stell sink and drainer.
Ground Floor Flat - Bedroom - Obscure double glazed window. Two ceiling light points.
Ground Floor Flat - Bathroom - Obscure double glazed window to rear aspect. Shower cubicle with electric shower. Low level WC and pedestal wash hand basin.
Upper Floor Duplex Flat - Living Room - Double glazed window to front aspect. Electric heater. Ceiling light point. Understairs storage cupboard.
Upper Floor Duplex Flat - Kitchen - Double glazed window to rear and side aspect. Modern wall and base units with work surface atop. Integrated cooker and hob. Space for washing machine and fridge freezer. Stainless steel sink and drainer. Tiled splash backs. Electric heater. Two ceiling light points. Extractor fan.
Upper Floor Duplex Flat - Bedroom One - Double glazed window to front aspect. Ceiling light point. Electric heater.
Upper Floor Duplex Flat - Bedroom Two - Double glazed velux window. Electric heater. Ceiling light point.
Upper Floor Duplex Flat - Bathroom - Double glazed velux window. Electric heater. Ceiling light point.
Council Tax Worcester - We understand the council tax band presently to be : A (on the ground floor apartment) + B (on the first floor apartment)
Worcester Council
(Council Tax may be subject to alteration upon change of ownership and should be checked with the local authority).
Financial Services - Please note that any offer made on a property marketed by Philip Laney and Jolly will need to be qualified by Whiteoak Mortgages in order to demonstrate due diligence on behalf of our clients.
If you require any mortgage assistance - please use the link :
Philip Laney and Jolly reserve the right to earn a referral fee from various third party providers recommended to the client if instructed, services include; conveyancing, mortgage services, removals.
Floor Plan - This plan is included as a service to our customers and is intended as a GUIDE TO LAYOUT only. Dimensions are approximate and not to scale.
Tenure Freehold - We understand that the property is offered for sale Freehold.
Services - Mains electricity, water and drainage were laid on and connected at the time of our inspection. We have not carried out any tests on the services and cannot therefore confirm that these are in working order or free from any defects.
Verifying Id - Under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, the Agent is legally obliged to verify the identity of all buyers and sellers. In the first instance, we will ask you to provide legally recognised photographic identification (Passport, photographic driver’s licence, etc.) and documentary proof of address (utility bill, bank/mortgage statement, council tax bill etc). We will also use a third party electronic verification system in addition to this having obtained your identity documents. This allows them to verify you from basic details using electronic data, however it is not a credit check and will have no effect on you or your credit history. They may also use your details in the future to assist other companies for verification purposes.
Parking - Parking for the property is via nearby streets. There is no allocated parking or driveway for this property.
Broadband - We understand currently Superfast Fibre Broadband (also known as fibre to the cabinet) is available at this property.
You can check and confirm the type of Broadband availability using the Openreach fibre checker
Mobile Coverage - Mobile phone signal availability can be checked via Ofcom Mobile & Broadband checker on their website.
Agent's Note - Please note there are two EPC's available.
Ground floor apartment ratings are E
First floor ratings are D
A fantastic opportunity to acquire this investment property which is currently split into two separate apartments with you purchasing the freehold of the building. The property is offering a potential yield of over 8% with the rental income from the two apartments.
On the ground floor is a one bedroom apartment with living room & kitchen space, bedroom and bathroom. On the first floor is a two bedroom duplex apartment with a modern kitchen and living room with stairs leading up to the second floor containing the two bedrooms and bathroom.
The property is located within close proximity and walking distance to the City Centre and Cathedral plaza boasting an array of shops, cafes, restaurants and recreational facilities.
This is an excellent investment opportunity with the vendor currently achieving £500pcm on the ground floor apartment (due to increase to £550pcm) and £700pcm on the upper floor duplex apartment (due to increase to £775pcm). Owning the freehold would allow for other opportunities e.g. serviced short term apartments such as Airbnb.
A viewing is highly encouraged to see all this property offer and what a great investment property it is.
Ground Floor Flat - Living Room - Window to front aspect. Two ceiling light points. Electric heater. Storage cupboard with space and plumbing for washing machine.
Ground Floor Flat - Kitchen Area - Wall and base units with work surface. Integrated cooker and hob. Space for fridge freezer. Stainless stell sink and drainer.
Ground Floor Flat - Bedroom - Obscure double glazed window. Two ceiling light points.
Ground Floor Flat - Bathroom - Obscure double glazed window to rear aspect. Shower cubicle with electric shower. Low level WC and pedestal wash hand basin.
Upper Floor Duplex Flat - Living Room - Double glazed window to front aspect. Electric heater. Ceiling light point. Understairs storage cupboard.
Upper Floor Duplex Flat - Kitchen - Double glazed window to rear and side aspect. Modern wall and base units with work surface atop. Integrated cooker and hob. Space for washing machine and fridge freezer. Stainless steel sink and drainer. Tiled splash backs. Electric heater. Two ceiling light points. Extractor fan.
Upper Floor Duplex Flat - Bedroom One - Double glazed window to front aspect. Ceiling light point. Electric heater.
Upper Floor Duplex Flat - Bedroom Two - Double glazed velux window. Electric heater. Ceiling light point.
Upper Floor Duplex Flat - Bathroom - Double glazed velux window. Electric heater. Ceiling light point.
Council Tax Worcester - We understand the council tax band presently to be : A (on the ground floor apartment) + B (on the first floor apartment)
Worcester Council
(Council Tax may be subject to alteration upon change of ownership and should be checked with the local authority).
Financial Services - Please note that any offer made on a property marketed by Philip Laney and Jolly will need to be qualified by Whiteoak Mortgages in order to demonstrate due diligence on behalf of our clients.
If you require any mortgage assistance - please use the link :
Philip Laney and Jolly reserve the right to earn a referral fee from various third party providers recommended to the client if instructed, services include; conveyancing, mortgage services, removals.
Floor Plan - This plan is included as a service to our customers and is intended as a GUIDE TO LAYOUT only. Dimensions are approximate and not to scale.
Tenure Freehold - We understand that the property is offered for sale Freehold.
Services - Mains electricity, water and drainage were laid on and connected at the time of our inspection. We have not carried out any tests on the services and cannot therefore confirm that these are in working order or free from any defects.
Verifying Id - Under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, the Agent is legally obliged to verify the identity of all buyers and sellers. In the first instance, we will ask you to provide legally recognised photographic identification (Passport, photographic driver’s licence, etc.) and documentary proof of address (utility bill, bank/mortgage statement, council tax bill etc). We will also use a third party electronic verification system in addition to this having obtained your identity documents. This allows them to verify you from basic details using electronic data, however it is not a credit check and will have no effect on you or your credit history. They may also use your details in the future to assist other companies for verification purposes.
Parking - Parking for the property is via nearby streets. There is no allocated parking or driveway for this property.
Broadband - We understand currently Superfast Fibre Broadband (also known as fibre to the cabinet) is available at this property.
You can check and confirm the type of Broadband availability using the Openreach fibre checker
Mobile Coverage - Mobile phone signal availability can be checked via Ofcom Mobile & Broadband checker on their website.
Agent's Note - Please note there are two EPC's available.
Ground floor apartment ratings are E
First floor ratings are D
Agent Details
Philip Laney & Jolly
30 College Street, Worcester, WR1 2LS
Show Contact Number
01905 266 64
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.