2-bedroom flat · WR1 1NQ
Sold STCListed 531 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION **CHAINFREE** A well appointed second floor corner plot apartment offering outstanding modern accommodation converted to a high specification and being extremely well positioned in the heart of Worcester to enjoy convenient transport and local amenities.
This lovely character conversion apartment is offered with no onward chain, benefits from a long-term lease.
The property briefly comprises: communal entrance hall, lifts and stairs to all floors, private spacious entrance hallway, two good sized double bedrooms, master bedroom with en-suite shower room, further family bathroom with shower over bath.
The large open plan living space benefits from a double aspect and opens into the modern fitted kitchen with Juliette balcony.
The kitchen iteslf offers a range of wall and base units and houses integral appliances.
Further benefits include period features throughout, gas central heating, and an allocated off-road parking space for one car. Viewing is recommended.
LOCATION The Hop House is a superb conversion based in the heart of Worcester City Centre.
Located within a short walk of Foregate Street Railway Station the apartment offers easy access to all central amenities, including shopping, bars, resteraunts, local theatre and leisure services.
OPEN PLAN LIVING SPACE 19' 01 Max" x 14' 09" (5.82m x 4.5m) HALLWAY 16' 05" x 5' 04" (5m x 1.63m) BEDROOM ONE 11' 00" x 10' 01" (3.35m x 3.07m) BEDROOM TWO 13' 02" x 9' 02" (4.01m x 2.79m) LEASEHOLD INFORMATION Term Remaining Approximately 979 Years Annual Service Charge: Approximately £2586 Annual Ground Rent: Approximately £150
Value & comps
No previous sales on record.
Returns
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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.
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