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See how verdicts work2-bedroom flat · WR3 7EW
Sold STCReduced £50k (−16.7%) on 26 OctListed 534 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
RETIREMENT PROPERTY: A well appointed two-bedroom, dual aspect apartment on the first floor. This apartment is situated in the turret which adds additional space to the large living/dining area.
There are windows on both sides and a Juliet balcony allowing in plenty of natural light. The living room also contains a feature fireplace.
The kitchen comes equipped with an integrated fridge and freezer, eye level oven, hob and washer/dryer. Spacious hallway with airing cupboard and additional storage cupboard.
There is a large bathroom with white sanitaryware, a bath and separate level access shower. The master bedroom includes fitted wardrobes and space for additional free-standing furniture.
Second double bedroom. Well-proportioned guest cloakroom. This apartment has extensive views of the local area but retains its privacy being slightly higher up.
COUNCIL TAX BAND: E EPC RATING: B MONTHLY SERVICE CHARGE: £704.61 MONTHLY RESERVE FUND CONTRIBUTION: £57.92 SERVICE CHARGE AND RESERVE FUND CONTRIBUTION PERIOD: 1 April 2025 - 31 March 2026 12 MONTH GROUND RENT: £297.67 GROUND RENT DUE FOR REVIEW: 2032 LENGTH OF LEASE: 125 Years from 01/01/2012 RESALE FEES: N/A Eastbank Court & Lodge information : Type Independent Living Properties Constructed by Stepnell Ltd.
Eastbank Court (completed 2013): 51 x one bedroomed apartments and 22 x two bedroomed apartments Eastbank Lodge (completed 2018): 6 x two bedroomed apartments Services Duty manager on site 24/7.
Emergency callouts between 10.30pm and 7.30am. One and half hours service time per week. Restaurant facility offering a choice of lunches every day. Family and friends welcome. Licensed bar. Handyman.
Laundry service. Facilities Lift access to all levels, lounge, Elgar's Restaurant and Bar, Garden room and Conservatory, Hairdressing salon, treatment room, Library and a Hobbies room. Buggy hire.
Guest suite. Landscaped gardens. Allocated car parking. Secure door entry system. Emergency alarm call system. Accessibility Eastbank Court & Lodge is a gated complex.
All areas are wheelchair accessible. Good local amenities include a post office, chemist and supermarket. Worcester City Centre 1½ miles.
Lifestyle Weekly social activities, coffee morning and afternoon tea, games afternoon, crafts, regular trips to the theatre and places of interest, Christmas events. Private parties catered for.
Pets welcome subject to conditions in the lease. New Owners are accepted over 60 years of age. Tenure Leasehold 125 years from January 2012.
Manager's note This is a lovely development with contemporary décor and furnishings. Our restaurant is very popular with Owners and their friends and family.
Owners enjoy an independent yet supported lifestyle and benefit from a busy social calendar.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 57 Eastbank Court, Eastbank Drive, Off Northwick Road, Worcester, WR3 7EW
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