2 Bed Flat, Single Let, Worcester, WR2 5AT, £170,000

Watery Lane, Worcester, Worcestershire, WR2 5AT - 2 views - 2 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+4 photos

ValuationFair Value

Sold Prices£76K - £290K
Sold Prices/m²£1.5K/m² - £11.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£172,419

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Rent Range

£680 - £1,100

Rent Estimate

£900

Running Costs/mo

£731

Cashflow/mo

£169

Cashflow/yr

£2,025

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £76K to £290K, average is £149K. £1.5K/m² to £11.5K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£120K03/210.36 mi3, King Charles Place, Worcester, Worcestershire WR2 5AJ2
£145K04/230.37 mi28, Lapal Close, Worcester, Worcestershire WR2 5HT2
£105K02/230.38 mi22, Lapal Close, Worcester, Worcestershire WR2 5HT2
£157.5K05/220.48 mi9, Hales Orchard, Worcester, Worcestershire WR2 4BY2
£98K09/230.49 mi93, Grenville Road, Worcester, Worcestershire WR2 5RN2
£135K09/210.51 mi8, Bromwich Road, Worcester, Worcestershire WR2 4AA2
£107K11/200.6 mi45, Grenville Road, Worcester, Worcestershire WR2 5RL2
£140K12/200.86 miFlat 53, Newport House, Newport Street, Worcester, Worcestershire WR1 3NG2
£210K07/230.94 miFlat 93, Harry Davis Court, Armstrong Drive, Worcester, Worcestershire WR1 2AJ2
£240K05/210.94 miFlat 54, Harry Davis Court, Armstrong Drive, Worcester, Worcestershire WR1 2AJ2
£165K12/230.95 mi47, Magdala Court, Worcester, Worcestershire WR1 3PB2
£290K10/230.96 miApartment 19, Aston Court, Basin Road, Worcester, Worcestershire WR5 3FR2
£242.5K03/230.97 miApartment 11, Waters Edge, Armstrong Drive, Worcester, Worcestershire WR1 2GJ2
£285K03/230.97 miApartment 4, Waters Edge, Armstrong Drive, Worcester, Worcestershire WR1 2GJ2
£240K12/200.97 miApartment 7, Waters Edge, Armstrong Drive, Worcester, Worcestershire WR1 2GJ2
£145K07/211 miFlat 3, Fairfax House, Fish Street, Worcester, Worcestershire WR1 2HN2
£85K08/231 mi72, Portland Street, Diglis, Worcester, Worcestershire WR1 2NW2
£183K03/231.02 miFlat 25, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£230K09/231.02 miAlbion Mill, Flat 32, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£76K06/231.02 miFlat 17, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£80.5K01/231.02 miFlat 29, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire WR1 2NY2
£207.5K10/201.04 miPlot 17, Diglis Road, Worcester, Worcestershire WR5 3BW2
£155K06/231.04 mi16, King Edmunds Square, Worcester, Worcestershire WR1 3NL2
£145K06/231.04 mi14, King Edmunds Square, Worcester, Worcestershire WR1 3NL2
£130K04/211.08 mi29, Moor Street, Worcester, Worcestershire WR1 3DB2
£97K02/211.09 mi75, Friar Street, Worcester, Worcestershire WR1 2NA2
£209K12/201.1 miApartment 4, Stinton Court, Princes Drive, Worcester, Worcestershire WR1 2PE2
£150K01/231.11 miFlat 2, Wyatts Mews, Union Street, Worcester, Worcestershire WR1 2AS2
£270K08/231.17 miApartment 2, Victoria Institute, Sansome Walk, Worcester, Worcestershire WR1 1DF2
£150K09/211.19 miFlat 11, Crown Green Court, St Marys Street, Worcester, Worcestershire WR1 1HA2
£144K04/211.19 miFlat 2, Crown Green Court, St Marys Street, Worcester, Worcestershire WR1 1HA2
£155K12/201.19 miFlat 17, Crown Green Court, St Marys Street, Worcester, Worcestershire WR1 1HA2
£137.5K03/211.25 miFlat 16, St Marys Court, Sansome Walk, Worcester, Worcestershire WR1 1NU2
£155K07/231.25 mi37, Sansome Place, Worcester, Worcestershire WR1 1UA2
£148K07/211.27 mi77, Lion Court, Worcester, Worcestershire WR1 1UT2
£167.5K03/231.27 mi65, Lion Court, Worcester, Worcestershire WR1 1UT2
£145.8K07/211.27 mi61, Lion Court, Worcester, Worcestershire WR1 1UT2
£148K02/211.27 mi79, Lion Court, Worcester, Worcestershire WR1 1UT2
£180K11/231.27 miApartment 6, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£170K11/201.27 miApartment 6, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£164K06/211.27 miApartment 1, The Hop House, Middle Street, Worcester, Worcestershire WR1 1NQ2
£179K03/241.29 miThe Loft, Battenhall Place, Worcester, Worcestershire WR5 2DT2
£135K12/221.31 mi12, Vesta Tilley Court, Worcester, Worcestershire WR1 2BL2
£137K11/211.37 miFlat 10, Amber Reach, Spring Lane, Worcester, Worcestershire WR5 1AU2
£120K06/211.39 miFlat 22, Anchor House, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2
£88K05/231.39 miFlat 4, Quay House, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2
£80K10/231.39 miWharf House, Flat 17, Lowesmoor Terrace, Worcester, Worcestershire WR1 2RX2
£187.7K11/231.42 miFlat 24, Gresham Court, Shrubbery Avenue, Worcester, Worcestershire WR1 1QH2
£160K07/231.42 miFlat 11, Gresham Court, Shrubbery Avenue, Worcester, Worcestershire WR1 1QH2
£137.5K11/231.48 mi48, Albert Road, Worcester, Worcestershire WR5 1EB2

Local Rents

11 rents from £680/mo to £1.1K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£68011/240.02 miFlat 7, Cinderella Court, Watery Lane, Worcester2
£97511/240.09 miWillis Place, WORCESTER2
£89511/240.13 miCordwainers Court, Willis Place, Worcester2
£87503/250.26 mi-2
£85011/240.27 miBozward Street, Worcester, Worcestershire, WR22
£1,10008/240.28 mi-2
£85011/240.4 miLapal Close, Worcester2
£92511/240.41 miApartment2
£92511/240.48 miIngles Drive, Worcester, Worcester2
£85011/240.58 miHenwick Road, WORCESTER2
£85011/240.58 miSt Johns, Worcester2

Local Area Statistics

Population in WR2

29,799

Population in Worcester

142,140

Town centre distance

1.21 miles away

Nearest school

0.30 miles away

Nearest train station

1.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-23%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £170,000

January 29, 2025

Floor Plans

Description

  • 2 Bedrooms +
  • 1 Reception Room +
  • 2 Bathrooms +
  • Flat/Apartment +
  • Off Street Parking +
  • Modern +
  • Leasehold +

This stylish and contemporary apartment is based in St Johns in the iconic Cinderella Court which is a converted building originally being a Shoe Factory.

The property comprises entrance hall, open plan kitchen/living/ dining area, master bedroom with en-suite shower room, a further double bedroom and bathroom.
The property further benefits from an allocated parking space that is numbered.

The high ceilings and large windows allow lots of natural light to pour into the property.

Cinderella Court is located within St Johns which is in close proximity to Worcester City Centre and is often referred to as a 'village in the city' having a real sense of community. St Johns offers a diverse selection of shops, businesses, and eateries as well as a sports centre, church and is home to Cripplegate Park. There are many buses which can take you right into the city as well as great road links which can take you to Malvern, Hereford and into Leominster. The property is within walking distance to popular primary schools and Christopher Whitehead Language College.

Ideal home or investment with an expected rental of £900pcm.

Agent Details

The Property Centre, St Johns

01905 675412

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪