Summary - SHADES HOUSE, MEALCHEAPEN STREET WR1 2DQ
24 self-contained studios with kitchenettes and en-suite shower rooms
A compact, fully tenanted block of 24 studio flats in central Worcester, presented as a clear investment play. The property produces a reported gross annual income of circa £180,000 and benefits from an EPC B, HMO licencing and immediate rental demand from students and young professionals due to excellent proximity to bus and train stations and a 14-minute walk to the University of Worcester Arena.
The studios are self-contained with kitchenettes and en-suite shower rooms, designed for low‑maintenance, high‑turnover lettings. The building’s city-centre location places shops, cafes and transport on the doorstep, supporting consistent occupancy levels and straightforward tenant sourcing.
Important considerations: this is a leasehold asset in a very deprived, high-crime area — factors that can affect rental strategy, insurance and management costs. The overall internal size is small (total 731 sq ft reported), so units are compact; the building will need professional block management, regular maintenance and strong tenant vetting to protect income and comply with HMO requirements.
This opportunity suits an investor or portfolio buyer seeking immediate, income-producing stock with a student/short-term rental focus. Expect hands-on oversight for day-to-day management, periodic refurbishment cycles and tight operational controls to maintain yield and long-term capital performance.
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