Summary - Flat 1, Cinderella Court, Watery Lane WR2 5AT
2 bed 2 bath Ground Flat
Ground-floor two-bed with parking and immediate rental income.
Converted shoe factory with high ceilings and exposed brick
Set within a converted shoe factory on Watery Lane, this ground-floor two-bedroom apartment combines industrial character with practical city living. High ceilings and exposed Victorian brick details give the main living space a generous, airy feel, while an open-plan lounge and fitted kitchen create a sociable layout. The master bedroom benefits from an en-suite; a separate bathroom serves the second bedroom.
Currently let and producing an annual rental income of £11,100, the property presents a straightforward investment with immediate yield. An allocated off-street parking space adds convenience in this central location often described as a “village in the city.” Worcester city centre amenities, transport links and a mix of schools are all within easy reach.
Important practical points: the flat is leasehold, with an average service charge of £2,112 per year and a small ground rent of £55. Heating is by electric room heaters and the EPC rating is D. The apartment is relatively small at about 595 sq ft, and the local area records above-average crime levels, which should be considered by prospective buyers or landlords.
For buyers seeking character, proximity and an immediate rental income, this is a compact, low-maintenance option with clear renovation or management upside. For owner-occupiers, the layout and central location suit city living but note the modest overall size and electric heating setup.
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