This five-bedroom licensed House in Multiple Occupation (HMO) presents a distinctive opportunity for those looking to invest in a mixed-use property with significant potential for renovation and development. Located within a Grade II listed building, the property encompasses both residential and commercial elements, making it an attractive option for various investment strategies.
Set across four levels, the upper floors house five spacious bedrooms that can accommodate multiple occupants, complemented by well-placed shared shower rooms. The configuration supports comfortable communal living, with a generous reception area and a functional kitchen designed to facilitate shared use among residents. The practicality of this setup is ideal for maximizing rental income in a thriving area.
On the ground floor, the commercial unit features prominent street frontage and is equipped with kitchen facilities and a cloakroom, alongside access to a cellar that offers additional storage space. This versatile commercial space is suitable for several business types—whether retail, hospitality, or office use—and bolsters the overall investment appeal of the property.
The property's historical significance is reinforced by its period features, including original cornices and sash windows that enhance its character. Additionally, there is considerable potential for further development at the rear on the existing driveway, subject to necessary approvals. This aspect could yield valuable extra income or enhance the living space further.
Parking at the rear accommodates up to four vehicles, providing convenience in this central location—a notable benefit considering its proximity to amenities and transport links. Situated just a short walk from Worcester's vibrant high street, residents have easy access to shops, restaurants, bars, and essential services.
The location itself adds substantial value; not only is it close to Worcester University and local colleges—making it appealing to students—but it also boasts excellent transport connections via Worcester Foregate Street station, which offers direct links to Birmingham and London. Furthermore, with quick access to the M5 motorway for those commuting beyond city limits, this property stands out as an attractive investment option with strong long-term rental demand.
In summary, this HMO combined with a commercial unit allows for diverse revenue streams while offering ample room for enhancements that can elevate its market value over time.
