McGowan Housing says ..
Multi-Unit Property | Buy-to-Let Opportunity | Tenants Currently Situated | Portfolio of Commercial Unit and 2 one-bedroom flats | Modern Kitchen & Bathroom | Allocated Parking Available | City Centre Location - Perfect for Renters!
Property Oracle says ..
This property at The Cross, Worcester, presents a mixed bag of opportunities and challenges. Its location in the Cathedral area of Worcester is undeniably attractive, offering easy access to the train station, various shops and businesses, and schools. However, its condition demands considerable attention. The property requires extensive renovation and refurbishment. The internal photos reveal unfinished rooms, exposed wood flooring, and walls and fixtures in disrepair. Potential buyers will need to factor in a substantial renovation budget. Given the central location and the potential for a well-renovated property, it has value in the long term for someone looking to complete a large renovation project. However, the lack of information on plot size, the current state of disrepair, and the limited nearby comparable sale prices make it difficult to decisively judge the value relative to cost. The absence of garden space is also a notable drawback. In summary, this property is well-located, but requires substantial investment and renovation. Prospective buyers should carefully assess the scope of necessary renovations and associated costs before making an offer.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 3
- Location
- 8
- Land
- 1
- Bedrooms
- 6
- Bathrooms
- 2
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 306,076.00 £Increased by 13.87 %
- Average area rental value
- 1,012.00 £/moIncreased by 13.33 %
- Est rental Yield
- 3.97 %Decreased by 0.50 %
- Crime Rate
- 93.00 %Unchanged by 0.00 %
Agent Activity
McGowan Housing created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| The King'S School | Other Independent School | 0.65 KM | |
| Royal Grammar School Worcester | Other Independent School | 0.90 KM | |
| St George'S Catholic Primary School | Voluntary Aided School | Good | 1.21 KM |
| Saffron Children'S Centre | Children's Centre | 1.24 KM | |
| Sunflower Children'S Centre | Children's Centre Linked Site | 1.24 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Hop Market | £ 0 | 0 | 0.00 KM |
| St Swithin's Street | £ 0 | 0 | 0.00 KM |
| Crowngate Chapel Walk | £ 0 | 0 | 0.00 KM |
| Harrington Road | £ 216,000 | 0 | 0.00 KM |
| Netherton Court | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Worcester Foregate Street | 4893 | WOF | 0.20 KM |
| Worcester Shrub Hill | 4891 | WOS | 1.36 KM |
| Worcestershire Parkway | 6580 | WOP | 7.97 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| M-528879 - Worcester City Centre Investment Sale, 3 The Cross and Chandlery House, Worcester WR1 3QA | £ 1,300,000 | BUY | Unknown | 0.03 KM |
| Cinderella Court, Watery Lane, Worcester, Worcestershire, WR2 5AT | £ 200,000 | BUY | 7 / 10 | 0.04 KM |
| Cinderella Court, Watery Lane, Worcester, Worcestershire, WR2 5AT | £ 226,500 | BUY | 6 / 10 | 0.04 KM |
| St Swithins House, Trinity Street, Worcester, Worcestershire, WR1 | £ 130,000 | BUY | 5 / 10 | 0.20 KM |
| Farrier Street, Worcester, WR1 | £ 525,000 | BUY | Unknown | 0.23 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 6 Sansome Place | £ 312,500 | 0.21 KM |
| 49 Broad Street | £ 135,000 | 0.23 KM |
| 45 Broad Street | £ 305,000 | 0.24 KM |
| 33 The Shambles | £ 375,000 | 0.27 KM |
| 7 Pump Street | £ 185,000 | 0.33 KM |