Summary - 23 SEVERN TERRACE WORCESTER WR1 3EH
6 bed 3 bath House of Multiple Occupation
Fully let six-bedroom HMO in Worcester city centre, immediate income and sold at auction..
Immediate income: £39,960 pa fully let
HMO licence valid to 2029 but non-transferrable
Self-contained studio plus five ensuite-style bedrooms
Nest-controlled central heating; new fuse board; replacement flat roof
Sold furnished — ready to let, minimal void risk
EPC E — energy improvements likely required
Medium flood risk; high local crime may affect insurance
Offered at auction — purchase subject to auction terms
A ready-made income stream in Worcester city centre, this fully let six-bedroom HMO delivers immediate rental return of £39,960 pa. Located on Severn Terrace beside Worcester Racecourse, the property includes a self-contained studio, communal kitchen/diner, courtyard garden and fast broadband — attractive fundamentals for city-centre professionals.
The property benefits from recent practical upgrades: replacement flat roof, newly fitted fuse board, panel-controlled zoned fire protection and Nest app-controlled central heating to monitor usage. It is sold furnished, reducing void-time and letting start-up work for a new owner, and currently achieves £3,330 pcm from six individual tenancies.
Important buying considerations: the HMO licence runs to 2029 but is non-transferrable, so a purchaser must secure their own licence and compliance thereafter. EPC grade E indicates energy improvements may be needed to reduce running costs and improve long-term marketability. The location has a medium flood risk and higher local crime levels; these factors may affect insurance and management costs.
This lot is offered for sale at auction and suits an investor seeking immediate income and short-term operational cashflow. The compact plot and small overall size limit expansion potential, but the arrangement and condition support continued rental performance with targeted compliance and energy upgrades.
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