1-bedroom flat · WR1 1EE
Sold STCListed 14 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Plj Worcester are pleased to present this one-bedroom apartment at 38 Foregate Street.
Situated on the top floor, the property boasts an open plan lounge, dining area, and kitchen, creating a spacious and inviting atmosphere perfect for both relaxation and entertaining.
The property is being offered to investors only as is being sold with a sitting tenant with any purchasing taking over the existing tenancy.
The apartment is situated in the heart of Worcester city centre and within walking distance to an array of restaurants, cafes, bars, shops and recreational activities.
It is also a short walk to Foregate Street train station making it ideally located for those needing to commute further afield.
The accommodation comprises a large entrance hallway, bedroom, shower room and the standout open plan kitchen, dining and living room.
With its prime location, and tenant already in place it presents a fantastic investment opportunity within the centre of Worcester.
EPC: D Council Tax Band: A Tenure: Leasehold Hallway Two double glazed Velux windows. Entrance door. Two ceiling light points. Radiator. Space and plumbing for washing machine.
Doors off to: Living Room Sash window to front aspect. Radiator and ceiling spotlights. Feature fireplace and exposed beams. Kitchen Area Double glazed Velux window.
Matching base units with worksurface over. Integrated cooker and hob. Fridge and freezer. Stainless sink and drainer with mixer tap. Tiled splashback. Bedroom Double glazed Velux window.
Radiator and ceiling light point. Bathroom Double glazed Velux window. Shower cubicle with mains fed shower, pedestal wash hand basin and low level WC. Heated towel rail.
Extractor fan and ceiling spotlights.
Parking Parking for the property is via nearby on street parking Tenure Leasehold We understand (subject to legal verification) that the property is Leasehold with 106 years remaining on the lease.
We understand the ground rent is currently £85 per annum and service charge is £2471.54 per annum (subject to legal verification).
Services Mains electricity, gas, water and drainage were laid on and connected at the time of our inspection.
We have not carried out any tests on the services and cannot therefore confirm that these are in working order or free from any defects.
Floor Plan This plan is included as a service to our customers and is intended as a guide to layout only. Dimensions are approximate and not to scale.
Council Tax Worcester We understand the council tax band presently to be : A Worcester Council (Council Tax may be subject to alteration upon change of ownership and should be checked with the local authority).
Broadband We understand currently that Copper Broadband is available to order at this property.
You can check and confirm the type of Broadband availability using the Openreach fibre checker: Mobile Coverage Mobile phone signal availability can be checked via Ofcom Mobile & Broadband checker on their website.
Verifying Id Under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, the Agent is legally obliged to verify the identity of all buyers and sellers.
In the first instance, we will ask you to provide legally recognised photographic identification (Passport, photographic driver’s licence, etc.) and documentary proof of address (utility bill, bank/mortgage statement, council tax bill etc).
We will also use a third party electronic verification system in addition to this having obtained your identity documents.
This allows them to verify you from basic details using electronic data, however it is not a credit check and will have no effect on you or your credit history.
They may also use your details in the future to assist other companies for verification purposes.
Financial Services Please note that any offer made on a property marketed by Philip Laney and Jolly will need to be qualified by Whiteoak Mortgages in order to demonstrate due diligence on behalf of our clients.
If you require any mortgage assistance - please use the link : Philip Laney and Jolly reserve the right to earn a referral fee from various third party providers recommended to the client if instructed, services include; conveyancing, mortgage services, removals.
Viewings Strictly by appointment with the Agents. Please call . We are open Monday - Friday 09:00 - 17:30, and 10:00 - 14:00 on Saturday's.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
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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
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FAQ
About 38, Foregate Street, Worcester
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