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Guide price
£3,200,000

48 bedroom detached house for sale

Farrier Street, Worcester, Worcestershire, WR1 3BH
Detached house
48 beds
48 baths
Added > 14 days

Key information

TenureFreehold
Council taxBand A

Features and description

  • Student Let (HMO)
  • Forty Eight (48) En-suite Bedroom
  • Modern Living Room
  • Fitted Kitchen
  • Street Parking
  • Four (4) Minute Walk to University of Worcester City Campus (0.2 miles)
  • Throw Away Access to the Foregate Train Station
  • Fully Let 2024 -25 = £50,700 Gross Rent each flat
  • Advertised Rent 2025 -26 = £55,748 Gross Rent each flat
  • Annual Rent for the whole building £334,488 Gross

Discover an exceptional investment opportunity with this impressive 48-bedroom house located on Farrier Street in Worcester. Perfectly positioned just a mere four-minute walk from the University of Worcester City Campus, this property boasts excellent rental potential and a range of outstanding features that make it a highly attractive proposition.

With its student let (HMO) status, this property presents a fantastic chance for those looking to invest in the lucrative student accommodation market. The 48 en-suite bedrooms in this expansive house ensure that demand for tenancies will remain consistently high. Students will appreciate the convenience and privacy offered by each bedroom's en-suite facilities, providing them with a comfortable and homely living experience.

Stepping inside the property, you'll find a modern living room that serves as a relaxing communal area for residents. Well-appointed and tastefully furnished, this space allows students to unwind, socialize, and build lasting friendships in a comfortable environment. The fitted kitchen is another highlight, offering ample storage and cooking facilities for the residents. It serves as an area where students can come together to prepare meals and share experiences, creating a sense of community within the property.

For those with vehicles, street parking is readily available in the vicinity, providing convenience and accessibility for both tenants and visitors. This practical amenity ensures that residents have easy access to transportation and the surrounding areas.

The proximity to the University of Worcester City Campus is a major advantage of this property. A four-minute walk, encompassing a short distance of only 0.2 miles, allows students to reach their classes with ease, saving them both time and money on transportation costs. This closeness to the university also creates an attractive selling point for potential tenants, giving them the opportunity to live just minutes away from their studies.

Considering the financial aspect, this property is currently fully let for the 2024-2025 academic year, generating a gross rent of £40,000 per flat. This steady rental income provides a secure financial return for investors. Looking ahead to the 2025-2026 academic year, the advertised rent is £42,000 per flat, making it an even more promising investment prospect. With these figures in mind, it is clear that this property offers investors a potentially substantial return on investment, creating a rock-solid foundation for a profitable venture.

Opportunities like this are rare, and properties with such a unique combination of location, amenities, and rental income potential are highly sought after. Whether you're a seasoned investor or entering the property market for the first time, the 48-bedroom house on Farrier Street is an opportunity that should not be overlooked. With its outstanding features, desirable location, and proven rental success, this property is sure to secure a bright future in the thriving student accommodation market. Seize this chance today and unlock the immense potential waiting for you!

Property information from this agent

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About this agent

Platinum Property Agents - Worcester
Platinum Property Agents - Worcester
15-17 St Johns Worcester WR2 5AE
01905 946860
Full profileProperty listings
Welcome to Platinum Property Agents What's your dream? Platinum Property Agents was formed in 2005, with large expansion and development to the company brand, not only do we help the customer buy, sell, rent homes, we stay with you every step of the way keeping you informed. At Platinum we use our expertise to get our clients the results they want. We offer four different service packages for sellers and for landlords to suit the different requirements of our clients whether they need to sell their home quickly, are an experienced landlord looking for tenants or an investor who wants to realize the value of a property.  So as a client, you get the peace of mind that comes from working with a results focused agency that’s completely transparent about its charges and the specific services you will receive. Platinum is now a recognised letting and management agent in both Worcester and Malvern not only for residential properties but student accommodation to the University of Worcester. With more students enrolling year on year, the campus and accommodation has now spread throughout the City of Worcester. Whether sales or rentals our dedicated team aim to give you an easy, stress free journey to get you into your dream home.
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