- Allocated parking included, rare for city-centre studios
- Private balcony with city rooftop views
- Newly fitted kitchen and bathroom (2024)
- Gated, converted warehouse with character features
- Leasehold: c. 105 years remaining
- Service charge approx £1,580 pa; ground rent £150 pa
- Located in a busy student/city centre neighbourhood; high local crime
- Compact layout best for single occupant or couple
A compact, city-centre studio in the converted Cutlery Works offering secure urban living with an allocated parking space and a private balcony. The open-plan layout is bright and efficient, with a newly fitted kitchen and bathroom (2024) that make the apartment move-in ready for a single occupant or couple.
Set within a gated, characterful former warehouse conversion (2007), the development blends industrial heritage with contemporary finishes. Excellent transport links and proximity to universities, shops and leisure make this an attractive first home — and its location and facilities also give it clear short‑let or rental appeal.
Investors should note the advertised potential yield (circa 8.5%), leasehold tenure with approximately 105 years remaining, and predictable running costs: service charge c. £1,580pa and ground rent £150pa. EPC rating C is reasonable for a central conversion but not best-in-class.
Be frank about the trade-offs: the studio is compact and best suited to single occupancy or a couple; the local area records higher-than-average crime levels; and communal maintenance is funded through the service charge. For buyers seeking a low-maintenance city base with parking and ready-to-rent credentials, this flat offers genuine value.
