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Drake Avenue, Worcester, WR2

West Midlands

£220,000
Listed on 29/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
850 sqft

Description

This three-bedroom semi-detached property is situated in a well-established residential area of Worcester, presenting an excellent opportunity for renovation and investment. While the home offers spacious living areas, it also provides ample potential for those looking to personalize their space or increase the property's value through updates. Upon entering, you are welcomed by a hallway that leads into the main living areas. The living room benefits from dual-aspect windows, filling the space with natural light and offering flexibility for dining arrangements. The kitchen includes a good amount of cabinetry and countertop space, along with room for essential appliances—ideal for a modern makeover. The first floor features two generously sized double bedrooms that offer plenty of room for furnishings, while the third bedroom serves as a suitable single space that could function as a child's room, nursery, or home office. A family shower room completes this level, currently equipped with essential fixtures. Outside, the property includes off-road parking for two vehicles on the driveway. The rear garden is notably expansive and features mature borders—a perfect canvas for gardening enthusiasts or families seeking outdoor space. Located on a quiet residential street, this property enjoys close proximity to local amenities including shops and schools. Additionally, it benefits from convenient transport links to Worcester city center and surrounding areas, enhancing its appeal for investors and families alike. With its blend of existing charm and significant potential for enhancement, this home offers an inviting prospect for buyers looking to make their mark in a desirable neighborhood.

Investment Analysis

(WR2 area)

Below Market Value

This property is priced -15.9% below area average per sq ft

-15.9%
Potential saving
This Property
£259/sq ft
Area Average
£308/sq ft
Avg Rent (weekly)
£189
Avg Yield
2.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£287,793
10% above area average per sq ft
Potential ROI
+15.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (WR2)

Area prices are stable by +1.2% over the last 12 months
3 year growth: 0.8%
5 year growth: 17.1%
Investment Disclaimer: Analysis based on WR2 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

Drake Avenue, Worcester, WR2
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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
£806
Based on a loan of £165,000 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