Droitwich Spa, WR9 7RE | Investment Property for Sale | VES-WR9-001

Opportunity to purchase a property in Droitwich Spa generating £13,800 rent pa & gross yield of 4.2%

£325,000

Detached House

VES-WR9-001

INITIAL INVESTMENT

£93,500

Based on

deposit: £81,250

stamp duty: £9,750

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£13,800

GROSS YIELD

4.2%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

4 bedrooms

1 bathroom

2 reception rooms

1,531

Unfurnished

Property information

  • Spread over 2 floors
  • Kitchen/dining room with access to the garden
  • Separate dining room with doors leading into the garden
  • Separate lounge
  • Utility room
  • Downstairs WC
  • Large garden
  • Comes with a large driveway and garage
  • EPC rating C
  • Monthly rental income £1,150

Location information

  • The property is just over a mile from the city centre
  • Droitwich railway station is just 2 miles away
  • Parks, schools and amenities within walking distance

Tenancy

RENT

£13,800 p.a. / £1,150 pcm

TENANCY DEPOSIT

£0

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

17 months ago

TENANCY AGREEMENT ENDS

8/27/2022

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Droitwich Spa, Worcestershire

Droitwich Spa, often shortened to Droitwich, is a historic spa town in Worcestershire and lies around 22 miles south of Birmingham and 7 miles north of Worcester. The M5 motorway passes just east of Droitwich linking the Midlands with South West England.

Droitwich Spa railway station is operated by West Midlands Trains and services run to Worcester, Whitlocks End or Dorridge via Birmingham Snow Hill, Hereford and Birmingham New Street.

The town owes its existence to the natural brine springs where salt has been extracted since ancient times. Droitwich brine is ten times stronger than sea water and is only rivalled by the Dead Sea. Naturally some of the local attractions and sights centre around the towns history and connection with salt such as the salt tours and Churchfields Farm tours, the Heritage Centre & Museum and the salt worker statue.

Other local attractions include the Almonry Heritage Centre, Norbury Theatre, Little Owl Farm Park, Droitwich Spa Lido, Avoncroft Museum, Aztec Adventure, an adventure and water park, and Bells Farm Shop where one can pick their own fruit. It is also worth exploring the beautiful Worcestershire countryside with its neighbouring villages and towns.

Shopping in Droitwich is centred around Victoria Square which leads to St Andrew’s Square shopping centre. The original High Street consists of local pubs and a mix of traditional shops. Victoria Square also offers a number of regular farmer’s markets.

Suffolk Way,

Droitwich Spa,

Droitwich,

Worcestershire,

England,

WR9 7RE

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Important Note

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Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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