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See how verdicts work2-bedroom flat · WR3 8NR
Listing removedReduced £10k (−9.1%) on 21 JunListed 246 days
Opportunity summary
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About
Two bedroom apartment with open plan living, communal gardens and easy access to Worcester's amenities ideal for first time buyers.
Description This two bedroom apartment forms part of Jubilee House on Mayfield Road. The accommodation comprises an open plan living area with defined kitchen zone, two bedrooms and bathroom.
The kitchen offers fitted cabinets, integrated oven and hob with breakfast bar adjoining the lounge. Both bedrooms are served by a three piece bathroom suite with shower over bath.
Outside, residents enjoy communal lawns and planted borders, with an allocated parking space to the rear. The property is ideally situated for access to Worcester city amenities and transport links.
• A ground floor apartment providing two bedrooms, bathroom and open plan living space • The bright living area flows into a practical kitchen featuring cabinets, integrated oven and hob • Communal lawns, shrubs and a paved path create an appealing approach • Ground floor position gives level access to the communal entrance with an allocated parking space to the rear of the property • Conveniently located for Worcester's shops, schools and transport links The kitchen Ideal for home cooks, the open plan kitchen is fitted with a range of wall and base units.
The integrated oven and hob, stainless steel sink and a tiled splashback form the focal features. Wood effect flooring defines the space, and a peninsula counter opens into the living area.
The living room Providing the hub for relaxation and dining, the living room offers generous proportions with a wide window and radiator beneath.
Decorative coving and a central ceiling light finish the space. An open plan layout connects to the kitchen area, with carpet underfoot enhancing the cosy feel.
The primary bedroom Offering a restful retreat, the primary bedroom accommodates a double bed comfortably and has a wide window bringing in plenty of natural light.
The room also benefits from neutral tones and space for freestanding furniture. The second bedroom Flexible in use, the second bedroom could serve as a guest room, study or nursery.
There is sufficient space for a bed, storage and additional furniture.
The bathroom Serving the bedrooms, the bathroom is fitted with a white suite comprising a panelled bath with shower over and glass screen, a pedestal wash basin and a close coupled WC.
Tiled walls with a decorative border and tile effect flooring provide a practical finish, and there is a heated towel rail.
The parking To the rear of the building there is one allocated parking space.
The area is laid to a combination of tarmac and grid style hardstanding, providing clearly defined bays with vehicular access from the rear of the development.
This designated space offers practical off road parking for residents and visitors.
Agent Note Please note that the property is share of freehold with a ground rent of £100 rising to £400 over the term of the lease.
The lease is dated 12 July 2002 and runs for 125 years from 1 May 2002. There is also a service charge of £119.91 per month (£1,438.92 per annum).
Location Location Mayfield Road lies in a popular Worcester district north of the city centre.
The area offers a range of amenities including supermarkets, independent shops, cafés and leisure facilities.
Families will appreciate the choice of local schools and parks, while commuters benefit from easy access to road links towards the M5 and public transport into the city and beyond.
Worcester itself is known for its historic cathedral, riverside walks and varied dining scene. There are regular bus services and recreational facilities nearby.
Services The property benefits from mains gas, electricity, water and drainage. Broadband: Ultrafast broadband available.
Download speeds up to 1800 Mbps and upload speeds up to 1000 Mbps (source: Ofcom checker). Mobile coverage likely available from EE, O2, Vodafone and Three (source: Ofcom).
Flood Risk (Long-term forecast) According to the Environment Agency’s long-term flood risk data, the Property is currently at very low for river and surface water.
Fees Reservation Fee - refundable on exchange A reservation fee, refundable on exchange, is payable prior to the issue of the Memorandum of Sale and after which the property may be marked as Sold Subject to Contract.
The fee will be reimbursed upon the successful Exchange of Contracts.
The fee will be retained by Andrew Grant in the event that you the Buyer withdraws from the purchase or does not Exchange within 6 months of the fee being received other than for one or more of the following reasons: 1.
Any significant material issues which individually are more than 1% of the agreed purchase price and are highlighted in a survey and were not evident or drawn to the attention of you, the Buyer, prior to the Memorandum of Sale being issued.
2. Serious and material defect in the seller’s legal title. 3.
Local search revealing a matter that has a material adverse effect on the market value of the property that was previously undeclared and not in the public domain. 4.
The vendor withdrawing the property from sale. The reservation fee will be 0.5% of the accepted offer price for offers below £800,000 and 1% for offers of £800,000 or over.
This fee, unless specified otherwise, is payable upon acceptance by the vendor of an offer from a buyer and completion of an assessment of the buyer’s financial status and ability to proceed.
Should a buyer’s financial position regarding the funding of the property prove to be fundamentally different from that declared by the buyer when the Memorandum of Sale was completed, then the Vendor has the right to withdraw from the sale and/or the reservation fee retained.
For example, where the buyer declares themselves as a cash buyer but are in fact relying on an unsecured sale of their property.
The reservation fee will not be refunded where there is an inability on the part of the Buyer to raise any required mortgage after the Memorandum of Sale is completed.
Once the reservation fee has been paid, any renegotiation of the price stated in the memorandum of sale for any reason other than those covered in points 1 to 3 above will lead to the reservation fee being retained.
A further fee will be levied on any subsequent reduced offer that is accepted by the vendor.
This further fee will be subject to the same conditions that prevail for all reservation fees outlined above.
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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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 advisers 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.
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FAQ
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