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Barnt Green

67 Hewell Road
Barnt Green
B45 8NL

(+44) 0121 447 8300
barntgreen@ardenestates.co.uk

Bromsgrove

14 Old Birmingham Road
Lickey End, Bromsgrove
B60 1DE

(+44) 01527 872 479
bromsgrove@ardenestates.co.uk

Redditch

373 Evesham Road
Redditch
B97 5JA

(+44) 01527 540 654
redditch@ardenestates.co.uk

Rubery

14 Old Birmingham Road
Lickey End
B60 1DE

(+44) 0121 453 4349
rubery@ardenestates.co.uk

Worcester

15 Foregate Street
Worcester
WR1 1DB

(+44) 01905 958 290
worcester@ardenestates.co.uk

Solihull

450 Stratford Road
Solihull
B90 4AQ

(+44) 0121 745 5888
solihull@ardenestates.co.uk

Farrier Street, Worcester, WR1 3BJ

£550,000Freehold

881

Key Information

Tenure:Freehold
Council tax band:C

Key Features

2024 ÂŁ4870.64 PCM/11months ÂŁ53577.04 Gross Yield 9.74%
Communal Kitchen/Diner/Lounge
Current Rental Income ÂŁ4605.28pcm/ÂŁ50658.08
Current Yield When Fully Let ÂŁ9.21%
Eight En-Suite Double Rooms
No Onward Chain
Student Investment Property

Description

Summary:

Court Mews is a purpose built student investment property located in Farrier Street. This property offers modern fixture and fittings alongside being well presented throughout. The property sits next to the railway arches which has new business, such as Method Coffee, Archworks and Axe Junkies to name a few. An upcoming and thriving spot. The property as a whole is made up of six terrace units with a total of 48 en-suite rooms. 2 Court Mews is a purpose built private student halls creating one of the six units with a total of eight en-suite rooms. There are two units up for sale with an option to buy 1 Court Mews for anyone looking to add several properties to their portfolio. Being just a short throw away from Foregate Train Station, The Hive Library and Worcester City Campus as well as all the bars, restaurants and shopping facilities that the town has to offer, this makes the perfect spot for students to reside.

Description:

This property is split over three floors, with the ground floor comprising; hallway with storage cupboard and stairs to first floor. Two double en-suite bedrooms. Open plan kitchen/dining/living area with the kitchen area offering base and eye level units with roll top work surfaces and breakfast bar. Built in appliances to include; two extractor fans, two hobs and double oven. Space for fridge/freezer and plumbing for washing machine. To the first floor are four further double en-suite rooms. To the second floor are two double en-suite rooms. 
The en-suite shower rooms offer white piece suites and half tiled walls and heated towel rails. 
The rooms come with built in furniture. The property benefits from gas central heating and double glazing. 

Agents notes - 

September 24

Rents looking to achieve CM1 and CM2  £4870.64 pcm  11months £53577.04  gross yield 9.74%.  Some rooms  already filed for September at these prices.  

Outside:

Outside there is CCTV cameras, bike storage and communal bins. 

Location:

The location is in the heart of this vibrant city, within walking distance of cosmopolitan bars, restaurants, cafés, and shops. 24-hour gyms and Foregate Street station less than a minute walk, with a direct line to London, Paddington.  The town is full of culture with art galleries, theatres, and live music. Saturday Street markets and annual Christmas Fayre. Worcester has so much history to explore with museums and historical walks. The River Severn runs through the city and offers beautiful walks passed Worcester Cathedral. There are plenty of sports to enjoy, including Worcester County Cricket Club and Worcester Pitchcroft hosts horse racing. For students there is The Hive Library and Worcester City Campus. A thriving town that has something for everyone and very easy transport links.

Rooms:

Arrange Viewing

The King's School
(0.33 miles)
Number of pupils: 1525
Age Range: 2 - 19
Royal Grammar School Worcester
(0.42 miles)
Number of pupils: 1932
Age Range: 2 - 19
St George's Catholic Primary School
(0.55 miles)
Good
Number of pupils: 209
Age Range: 5 - 11
St Clement's CofE Primary
(0.56 miles)
Number of pupils: 201
Age Range: 4 - 11
Stanley Road Primary School
(0.6 miles)
Number of pupils: 362
Age Range: 3 - 11
Riversides School
(0.63 miles)
Number of pupils: 65
Age Range: 7 - 16
Newbridge School
(0.68 miles)
Number of pupils: 29
Age Range: 11 - 16
Oldbury Park Primary RSA Academy
(0.68 miles)
Number of pupils: 332
Age Range: 5 - 11
Perryfields Primary Pupil Referral Unit
(0.69 miles)
Outstanding
Number of pupils: 4
Age Range: 5 - 11
St George's CofE Primary School
(0.69 miles)
Requires Improvement
Number of pupils: 180
Age Range: 4 - 11

Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ2,894 /mo.25 Years, 5% Interest
Loan
ÂŁ495,000
Total Repay
ÂŁ868,116

Stamp Duty

You’ll have to pay the stamp duty of:
ÂŁ15,000
0% up to ÂŁ250,000
5% between ÂŁ250,000 and ÂŁ925,000
Your effective stamp duty rate is 2.73%

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