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Mill Street, Worcester, Worcestershire - Image 1
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Mill Street, Worcester, Worcestershire

West Midlands

£120,000
Listed on 22/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
898 sqft

Description

This two-bedroom terraced house presents a substantial opportunity for investors and renovators alike. Located conveniently near the City Centre, it showcases charming period architecture characteristic of the area. While the property requires modernisation, its basement offers potential for additional living space or storage. Access to local amenities such as shops, restaurants, and transport links enhances its appeal. Notably, Japanese Knotweed has been identified in the garden with an active treatment plan initiated in June 2025, which will require ongoing attention. This property is ideal for those looking to invest in a project that can increase both aesthetic value and functionality in a sought-after location.

Investment Analysis

(WR1 area)

Below Market Value

This property is priced -48.5% below area average per sq ft

-48.5%
Potential saving
This Property
£134/sq ft
Area Average
£260/sq ft
Avg Rent (weekly)
£183
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£256,482
10% above area average per sq ft
Potential ROI
+60.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (WR1)

Area prices are rising by +6.5% over the last 12 months
3 year growth: 10.2%
5 year growth: 24.1%
Investment Disclaimer: Analysis based on WR1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£440
Based on a loan of £90,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE