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Worcester

West Midlands

£800,000
Listed on 30/01/2026

Property Details

Bedrooms
N/A
Type
Detached house
Area
5478 sqft

Description

This Grade II Listed building presents a notable opportunity for investment with the recently approved planning permission from Worcester City Council to convert it into nine apartments. The structure features a striking Georgian three-storey main property complemented by a two-storey extension, offering diverse architectural elements that can be creatively enhanced during renovation. Situated just off the High Street, and in close proximity to Worcester Cathedral and the River Severn, the location is highly desirable for residential redevelopment. Currently functioning as office space, this property will be vacated upon sale, allowing immediate access for transformation. Given its central location within a vibrant city with excellent amenities and transport links, the refurbishment of this property into residential units could yield significant returns. Further details on the approved plans reveal an additional storey will be added to expand living spaces effectively. Potential buyers should account for service installations needing assessment prior to renovation.

Investment Analysis

(WR1 area)

Below Market Value

This property is priced -45.4% below area average per sq ft

-45.4%
Potential saving
This Property
£146/sq ft
Area Average
£267/sq ft
Avg Rent (weekly)
£177
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£300,000 - £500,000
Target Value
£1,611,600
10% above area average per sq ft
Potential ROI
+24.0%
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
36%
Properties sold annually

Local Market Trend (WR1)

Area prices are rising by +3.8% over the last 12 months
3 year growth: +11.9%
5 year growth: +18.4%
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

Worcester
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,885
Based on a loan of £600,000 over 30 years at 4.06% 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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