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Mill Street, Worcester, Worcestershire - Image 1
Mill Street, Worcester, Worcestershire - Image 2
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Mill Street, Worcester, Worcestershire - Image 4
Mill Street, Worcester, Worcestershire - Image 5

Mill Street, Worcester, Worcestershire

West Midlands

£140,000
Listed on 04/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
721 sqft

Description

This two-bedroom terraced house presents a compelling opportunity for those looking to invest in a property with significant renovation potential. The home includes a basement, adding valuable space that could be transformed into additional living areas or functional storage, depending on your vision for the property. Nestled in close proximity to the City Centre, this residence benefits from its location within an area known for its historic appeal and unique period architecture. Residents will enjoy easy access to an array of shops, restaurants, and public transport options, making it a convenient choice for urban living. While the property requires modernisation and enhancement, it offers a blank canvas for creative redesign. Buyers will find that the work needed can greatly increase both the aesthetic value and market worth of the home. It is also essential to note that Japanese Knotweed has been identified in the rear corner of the garden. A treatment plan has already been initiated, which began in June 2025. Prospective buyers are encouraged to review the legal pack for comprehensive information regarding this matter. This home not only represents a chance to create a personalized living space but also stands as a solid investment prospect in an area that continues to thrive.

Investment Analysis

(WR1 area)

Below Market Value

This property is priced -25.4% below area average per sq ft

-25.4%
Potential saving
This Property
£194/sq ft
Area Average
£260/sq ft
Avg Rent (weekly)
£187
Avg Yield
4.5%

Renovation Potential

Est. Renovation Cost
£14,000 - £35,000
10-25% of property value
Target Value
£206,444
10% above area average per sq ft
Potential ROI
+18.0%
After renovation
Monthly Sales
11
Average per month
Market Turnover
53%
Properties sold annually

Local Market Trend (WR1)

Area prices are stable by +1.6% over the last 12 months
3 year growth: 7.5%
5 year growth: 17.9%
Investment Disclaimer: Analysis based on WR1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Mill Street, Worcester, Worcestershire
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