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Princes Drive, Worcester

West Midlands

£250,000
Listed on 08/04/2026

Property Details

Bedrooms
9
Type
Not Specified

Description

This property presents a unique development opportunity within the historic framework of The Bone Mill, located in Diglis and just a short stroll from Worcester City Centre. As a Grade II listed building, it carries significant architectural heritage with many original features still intact, including machinery and fixtures that echo its rich history. Full planning permission has been secured for transforming the structure into four 2-bedroom apartments and one 1-bedroom apartment, along with a co-working space spread over two floors. The nearby Throwing House has seen strong sales, indicating a promising market for thoughtfully designed living spaces in this area. Be aware that the resolution of existing planning conditions is ongoing, with an estimated cost of £15,000 to address these necessary steps.

Investment Analysis

(WR1 area)
Area Average
£273/sq ft
Avg Rent (weekly)
£183
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (WR1)

Area prices are falling by -3.7% over the last 12 months
3 year growth: +5.2%
5 year growth: +12.1%
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

Princes Drive, Worcester
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£892
Based on a loan of £187,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-16.4% since listed
£250,000£49,000(-16.4%)
23/04/2026
Current price
£299,000Initial listing
21/04/2026

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