14 bedroom house of multiple occupation for sale

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14 bedroom house of multiple occupation for sale

Lowesmoor, Worcester, WR1 2RS
£549,000

Our Summary

  • Two Cellar Rooms: Excellent storage, ideal for landlord supplies, maintenance equipment or future development (subject to consents)
  • The annual gross income of £75,600 offers a solid return with opportunity for further uplift through rent reviews or cosmetic upgrades
  • Gross Income: £75,670 per annum Future Potential: Rental uplift, improved facilities, development of cellar (STPP), or reconfiguration into smaller flats Location: Why Lowesmoor

Description

This is a rare and lucrative opportunity to acquire a fully operational 14-bedroom House in Multiple Occupation (HMO) located in the heart of Worcester city centre. The property is a four-storey period property with a cellar level, providing a robust gross rental income of £75,670 per annum. The layout offers a balance of private tenant bedrooms and communal spaces, with kitchens and bathrooms distributed throughout the property to meet licensing standards. The property is fully licensed and managed, with a high historical occupancy rate and minimal voids due to its central location. The current configuration is 14 individual tenancies, with the potential for further uplift through rent reviews or cosmetic upgrades. The location is highly central, with Worcester Shrub Hill Station, city centre, and the University of Worcester City Campus within walking distance, making it an attractive investment for seasoned landlords or portfolio builders.