Broadway Grove, Worcester... 3 bed detached house for sale

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Broadway Grove, Worcester... 3 bed detached house for sale

Broadway Grove, Worcester, Worcestershire, WR2 5EU
£260,000

Our Summary

  • Investment Opportunity
  • ConclusionThis HMO standard unfurnished 3-bedroom terraced house in Broadway Grove is a fantastic investment opportunity

Description

This investment opportunity presents a well-maintained 3-bedroom terraced house in the desirable Broadway Grove area of Worcester. The property is currently let for £1,610.72 per month, generating a gross annual rent of £19,328.64, offering strong rental returns. The property features a spacious living and dining area, three bedrooms, a modern bathroom, private back garden, and off-road parking. With no utilities, council tax, or licence fees, the owner's overheads are significantly reduced, increasing their net income. The property has HMO standard safety protection, but an HMO licence is not required due to only two bedrooms being used by the occupants. With a rental yield of 7.4%, this property offers a lucrative return and is a solid long-term investment opportunity. Worcester's housing market has shown consistent growth, making this a desirable location for tenants. The property is available unfurnished, providing a blank slate for tenants to personalize, and is managed by a professional letting agent for a hands-free experience.