Bond Wolfe Secures £2.5m+ Sale of 83-Bed Student Accommodation in Worcester

A modern student accommodation block in Worcester, offering a strong rental income and long-term investment potential, has been sold by Bond Wolfe for more than £2.5 million.

The five-storey Sansome Hall, located at 1 Sansome Walk in Worcester city centre, was sold to a private investor for £2,510,000 on behalf of the joint fixed charge receivers.

High-Yield Investment Opportunity

The 83-bedroom student block, which includes a warden’s flat, is currently 89% let, generating an annual rental income of £451,200, with the potential to increase to £497,400 when fully occupied.

James Mattin, Managing Director at Bond Wolfe, said:

“Following a highly competitive bidding process, we are delighted to have successfully completed the sale of Sansome Hall on behalf of the joint fixed charge receiver.

“This sale was the result of a robust marketing campaign, attracting a wide pool of investors drawn to the strong annual income and potential for further rental growth.”

The new owner intends to hold the property as a long-term investment, with plans to further maximise rental income through focused asset management.

Prime Location for Student Living

Built in 2008, Sansome Hall benefits from a prime location just off the A38, next to Foregate Street Station and within easy reach of Worcester’s key retail and education hubs.

• 0.25 miles from the University of Worcester’s City Campus
• 1.4 miles from the St John’s Campus
• Close to Worcester’s main shopping and leisure amenities

The 21,284 sq ft property is arranged over five floors, with:

• 18 rooms per floor on the ground, first, and second levels
• 15 rooms plus a warden’s flat on the third floor
• 14 rooms on the fourth floor

Each student room includes an en-suite shower room, single bed, desk, and wardrobe, and is arranged in cluster flats of six to ten rooms, sharing a fully equipped communal kitchen and dining area.

Bond Wolfe has a network of eager investors actively seeking similar high-yield opportunities in student accommodation and other sectors. Owners considering selling are encouraged to get in touch, as demand remains exceptionally strong for quality assets.