Summary - SANSOME HALL, 1, SANSOME WALK, WORCESTER WR1 1LH
84 bed 1 bath Residential Development
**Standout Features:**
- Offers 83 spacious en-suite bed spaces plus a 1-bedroom flat.
- Prime city centre location in Worcester with high rental demand.
- Recently renovated with £75,000 spent on improvements.
- Currently 59% occupied, with a contracted gross rent of £318,360 per annum and a gross yield of 10.53%.
- Potential for rental growth with an estimated rental value of £510,300 per annum.
**Overview:**
Sansome Hall presents an exciting freehold investment opportunity in the heart of Worcester, tailored for the burgeoning student accommodation market. This modern building, constructed in 2008, hosts 83 en-suite bedrooms configured into cluster flats with shared kitchens and communal areas across five stories, ensuring a vibrant community atmosphere. Each room is designed for comfort and convenience, featuring essential amenities like Wi-Fi and secure bicycle storage. The property’s recent renovations signal a high standard of upkeep, enhancing its investment appeal.
Worcester itself boasts excellent connectivity to Birmingham and London, making it an ideal location for both students and professionals alike. While the property currently operates at 59% occupancy, there is notable potential for growth, highlighted by a projected rental value that underscores future revenue possibilities. However, it’s worth noting that the area has above-average crime rates, and the broader economic environment presents challenges that may influence demand.
This property is ideal for investors seeking a robust yield and long-term growth in a prime city centre setting. Seize this opportunity for a low capital entry at £2,850,000—an asset that speaks to both current performance and future potential.
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