9 bed property for sale

Park Lane, Hallow WR2

Plj Worcester are delighted to showcase this exceptional rare investment opportunity comprising a three-bedroom semi-detached house, six self-contained studio apartments and a substantial detached garage/workshop, occupying a peaceful rural setting with open countryside views.

Irene Cottages is a unique and versatile investment opportunity, situated within the highly popular village of Hallow, to the west of Worcester. Enjoying a peaceful position surrounded by open countryside, with attractive rural views to the front, whilst still being conveniently located for Worcester and the surrounding areas.

The semi-detached house has been thoughtfully reconfigured and modernised in recent years and provides well-proportioned accommodation arranged over two floors. The ground floor comprises two reception rooms, a modern kitchen/diner and separate utility room, whilst upstairs are three double bedrooms and two bathrooms, offering excellent family accommodation.

In addition, the property benefits from six studio apartments with three studios situated on the ground floor and a further three on the first floor.

Further enhancing the property's potential is a very large detached garage and workshop, currently used for excellent storage and workspace. However the building does also have great development potential and could be converted into additional dwellings or demolished with alternative dwellings built in its place subject to the necessary planning permissions and consents. This offers an exciting opportunity to further enhance the property's value and income potential.

The house, all six studio apartments and the garage are currently rented out with the house currently achieving £1495 pcm, each apartment on average achieving £654pcm (totally £3924 pcm for all six) and the garage achieving £450 pcm. All this gives the a purchase a potential yield of over 7%

The combination of the main three-bedroom house, six studio apartments, substantial outbuilding and sought-after rural location makes Irene Cottages a particularly rare opportunity. Early viewing is highly recommended to fully appreciate the scale, versatility and potential of this exceptional property

House

Entrance Hall

Obscure double glazed entrance door and side panel. Ceiling light point. Radiator.

Kitchen/Diner

Two double glazed windows. Modern wall and base units with work surface over. Integrated fridge freezer. Space for cooker with extractor over. One and a half bowl sink and drainer. Tiled splashbacks. Ceiling spotlights. Radiator. Understairs storage.

Utility Room

Obscure double glazed door. Double glazed window. Wall and base units with work surface over. Space and plumbing for washing machine. Ceiling spotlights. Radiator. Tiled splashbacks. Stainless steel sink and drainer.

Living Room

Double glazed bay window. Double glazed window. Ceiling light point. Radiator.

Sitting Room

Double glazed bay window. Radiator. Ceiling light point.

Bedroom One

Two double glazed windows. Radiator. Ceiling light point.

Bedroom Two

Double glazed window. Radiator. Ceiling light point.

Bedroom Three

Double glazed window. Radiator. Ceiling light point.

En-Suite

Obscure double glazed window. Ceiling spotlights. Extractor fan. Heated towel rail. Tiled walls. Quadrant shower tray with electric shower. Pedestal wash hand basin and low level WC.

Bathroom

Obscure double glazed window and double glazed window. Radiator. Ceiling spotlights. Heated towel rail. Panelled bath with shower over. Pedestal wash hand basin. Tiled walls. Storage cupboard.

Wc

Obscure double glazed window. Low level WC. Wash hand basin. Radiator.

Flats One, Two & Three

Kitchen

Double glazed entrance door. Double glazed window. Ceiling light point. Electric heater. Matching wall and base units with work surface. Space for cooker and fridge freezer. Stainless steel sink and drainer.

Rear Hall

Ceiling light point. Doors off to:

Bathroom

Panelled bath with shower over. Low level WC. Pedestal wash hand basin. Extractor fan. Fan heater. Tiled splashbacks. Ceiling light point.

Lounge/Bedroom

Double glazed bay window. Two ceiling light points. Electric heater.

Flats Five, Six & Seven

Kitchen

Double glazed entrance door. Double glazed window. Ceiling light point. Electric heater. Matching wall and base units with work surface. Space for cooker and fridge freezer. Stainless steel sink and drainer. Please note that flat number Six also has plumbing for a washing machine in the kitchen.

Rear Hall

Ceiling light point. Doors off to:

Bathroom

Panelled bath with shower over. Low level WC. Pedestal wash hand basin. Extractor fan. Fan heater. Tiled splashbacks. Ceiling light point.

Lounge/Bedroom

Double glazed window. Two ceiling light points. Electric heater.

Garage

Up and over door. Double glazed side entrance door. Double glazed windows. Light and power. WC and water connection.

Council Tax Worcester

We understand the council tax bands presently to be : A for Flats One, Two Three, Five, Six & Seven, and band D for the house.
Worcester Council

(Council Tax may be subject to alteration upon change of ownership and should be checked with the local authority).

Agents Note

Please note as the property consists of a house and six seperate studio flats there are currently six different EPCs - one for each individual property.

Parking

Parking for the property is via the driveway to the sides.

Services

Mains electricity, gas, water and drainage were laid on and connected at the time of our inspection. We have not carried out any tests on the services and cannot therefore confirm that these are in working order or free from any defects.
Please note there is currently no gas to the flats just to the house.

Tenure Freehold

We understand that the property is offered for sale Freehold.

Financial Services

Please note that any offer made on a property marketed by Philip Laney and Jolly will need to be qualified by Whiteoak Mortgages in order to demonstrate due diligence on behalf of our clients.
If you require any mortgage assistance - please use the link :

Philip Laney and Jolly reserve the right to earn a referral fee from various third party providers recommended to the client if instructed, services include; conveyancing, mortgage services, removals.

Floor Plan

This plan is included as a service to our customers and is intended as a guide to layout only. Dimensions are approximate and not to scale.

Property To Sell?

If you have a property to sell in Worcester and the surrounding areas then please let us know. We will be delighted to arrange a free, no obligation valuation and explain the benefits of using Philip Laney and Jolly to sell your home.
Philip Laney and Jolly are proud to have been selected as the representatives in the Worcester area for the Guild of Property Professionals, a network of around 800 independently owned Estate Agents across the U.K.

Verifying Id

Under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, the Agent is legally obliged to verify the identity of all buyers and sellers. In the first instance, we will ask you to provide legally recognised photographic identification (Passport, photographic driver’s licence, etc.) and documentary proof of address (utility bill, bank/mortgage statement, council tax bill etc). We will also use a third party electronic verification system in addition to this having obtained your identity documents. This allows them to verify you from basic details using electronic data, however it is not a credit check and will have no effect on you or your credit history. They may also use your details in the future to assist other companies for verification purposes.

Viewings

Strictly by appointment with the Agents. Please call . We are open Monday - Friday 09:00 - 17:30, and 10:00 - 14:00 on Saturday's.

Broadband

We understand currently fibre to the cabinet is available at this property.

You can check and confirm the type of Broadband availability using the Openreach fibre checker:

Mobile Coverage

Mobile phone signal availability can be checked via Ofcom Mobile & Broadband checker on their website.