Summary - NASH HOUSE, 8 FLAT 2 NEW STREET WORCESTER WR1 2DN
2 bed 1 bath Apartment
Income-producing Tudor flat in Worcester city centre, tenant in place..
- Let at £750pcm; tenant in situ for immediate income
- Asking price £99,000 gives c.9.1% gross yield
- Grade II listed: restrictions on alterations and repairs
- 97 years remaining on lease (leasehold tenure)
- Service charge ~£2,992.56pa; ground rent £300pa
- No allocated parking; on-street parking only
- EPC rating D; timber-frame with likely poor insulation
- Local area: city centre location but very high crime rate
A compact two-bedroom apartment set on the second floor of a Grade II listed Tudor building in Worcester city centre. The property is currently let at £750pcm, offering immediate income and a strong gross yield of about 9.1% at the asking price of £99,000 — appealing to buy-to-let investors seeking central, characterful stock with tenant in situ.
Internally the flat retains period features including exposed timber beams and brickwork, with a spacious open-plan living/kitchen/dining area, two bedrooms and a bathroom. Accommodation is practical for city renters or first-time buyers who value character and a short walk to shops, restaurants and public transport.
Important considerations: the building’s listed status will restrict alterations and may complicate maintenance or modernisation. The property has a relatively high service charge (circa £2,992.56pa) plus ground rent (£300pa) and buildings insurance liability noted at £3,381.25pa. There is no allocated parking and the immediate area records very high crime and very high deprivation statistics — factors to weigh for management and prospective tenants.
Suitable for investors wanting an income-producing, characterful central flat with long-term rental potential. Buyers planning refurbishment should factor in listed-building constraints, potential insulation and fabric-work on older timber-frame construction, and overall running costs when assessing return.
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