Full description
Situated in an attractive residential area, this remarkable 5-bedroom terraced house presents a prime opportunity for those seeking a secure investment. Currently fully let to Worcester University students, the property guarantees a rental income of £30,600 per annum for the upcoming academic year 2024/2025. Furthermore, for the subsequent academic year starting on 1st September 2025, the rental income is set to increase to £31,200 per annum, inclusive of bills.
An appealing feature of this property is the installation of solar panels that serve to significantly reduce electricity costs, further enhancing the property's attractiveness to cost-conscious landlords. The accommodation boasts a shower room on the ground floor, complemented by an additional first-floor W.C., offering convenience and practicality for students.
Maintained to a high standard, the property impresses with its current Energy Performance Certificate (EPC) rating of C, ensuring energy efficiency and reduced environmental impact. Additionally, providing adequate outdoor space, the property includes a large courtyard at the rear for relaxation and entertainment purposes, as well as a small front garden that adds to the property's appeal.
Perfectly suited for student letting, the property's configuration and location near Worcester University make it an ideal choice for investors looking for a lucrative opportunity in the rental market. With a track record of full occupancy and a high rental yield, this property offers a secure investment option for those looking to build their property portfolio.
In summary, this 5-bedroom terraced house presents an excellent investment opportunity with a proven rental income stream from university students. With energy-efficient features such as solar panels and a satisfactory EPC rating, alongside a practical layout and outdoor spaces, this property is sure to attract discerning investors seeking a reliable and profitable addition to their investment portfolio.
EPC Rating: D
Tenure: Freehold
Council Tax Band: C