10 Lowell Street, Worcester, WR1 1NP

Description

A vacant freehold four bedroom mid terraced property. A mid terraced property which stands back from the road behind a foregarden.

Accommodation

Ground Floor: Two Reception Rooms, Understairs Cupboard, Kitchen, Bathroom/WC. First Floor: Landing, Two Bedrooms. Second Floor: Two Bedrooms. Outside: Gardens.

Location

Lowell Street is conveniently situated within an established residential area, approximately one mile from Worcester city centre. The city provides an excellent range of shopping, leisure and recreational facilities, with popular restaurants, bars and cafés alongside the historic Cathedral, River Severn and picturesque city centre. Worcester Foregate Street railway station is readily accessible, offering regular services to Birmingham and London, while the property also benefits from good road connections to the surrounding Worcestershire towns and the wider Midlands via the M5 motorway.

Tenure / Property Information

Investment Analysis

Same-street HM Land Registry sales range from £144,000 to £240,000, with £205,000, £215,500 and £240,000 recorded most recently. These comparables are terraced freehold properties but their bedroom count, size and condition are not supplied, so they support only an indicative GDV range. A base GDV of £205,000 is used, with low and high scenarios of £180,000 and £240,000. The £150,000+ guide is below the base comparable evidence, before the known £2,700 administration charge and any other legal-pack costs.

Investment Snapshot

Strategy Recommendation

Proceed only subject to satisfactory legal-pack, survey, EPC and total-cost review. The evidence is more supportive of a potential value-led resale strategy than BTL, but the guide should not be treated as a safe maximum bid without confirmed condition, costs and resale comparability.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection and any works identified by the survey, legal pack or EPC, but no reliable works allowance can be quantified from the supplied information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £205,000 base GDV, 75% refinance would be approximately £153,750. A BRRR assessment cannot be completed because refurbishment costs, rent, finance costs and additional purchase or legal-pack costs are unknown. The £150,000+ guide plus the known £2,700 administration charge already totals £152,700 before other costs or works.

Buy-to-Let Analysis

The property is vacant and provides four bedrooms, but no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Rent, gross yield and BTL affordability therefore cannot be established. The known £2,700 administration charge and any additional legal-pack costs would also need to be included.

Flip Analysis

The comparable evidence indicates a broad resale range of £180,000 to £240,000, with a £205,000 base case. However, bedroom, size and condition details for the comparables are unavailable, and no refurbishment or selling-cost allowance is supported. A reliable flip surplus and maximum bid cannot therefore be calculated.

Investor Risks & Due Diligence

• Comparable sales do not include bedroom count, floor area or condition, limiting GDV confidence.

• No sufficiently specific rental evidence or auctioneer rent estimate is available, so BTL returns cannot be assessed.

• EPC details are only referenced as being in the legal pack and have not been supplied.

• Additional costs may be payable under the special conditions and are not quantified.

• No property condition defects or refurbishment requirements are supplied, preventing a reliable works budget.

• Parking information is not supplied.

Recommendation

Proceed only subject to satisfactory legal-pack, survey, EPC and total-cost review. The evidence is more supportive of a potential value-led resale strategy than BTL, but the guide should not be treated as a safe maximum bid without confirmed condition, costs and resale comparability.

Strategy Rating

Analysis Confidence

Five same-street completed sales and a known administration charge are available, but comparable bedroom, size and condition data, rental evidence, EPC details, refurbishment costs and other legal-pack charges are missing.