5 College Yard, Worcester, WR1 2LA
West Midlands
£475,000
Listed on 22/10/2026
Listed on 22/10/2026
The listing
Property details
Bedrooms
N/AType
Residential DevelopmentDescription
This Grade II listed Georgian building in Worcester’s Cathedral Quarter is currently arranged as offices and has approved planning permission for conversion back to a private residence. The accommodation is arranged over five storeys, including cellars, with an approximate gross internal area of 6,666 sq ft. A parking space outside the property is included in the sale.
The building retains period details including sash windows with shutters, fanlights, marble-surround fireplaces, original stone flooring, ornate cornicing, picture rails and a mahogany open-well staircase. A walled courtyard provides private outdoor space, and the property has views towards Worcester Cathedral. The approved change of use and substantial existing floor area offer scope to plan a residential conversion, subject to the requirements applicable to a listed building.
College Yard is close to the Cathedral, the city centre, riverside walks, shops, cafés and restaurants. Foregate Street and Shrub Hill stations are within reach. The property is marketed by Fisher German’s Worcester Commercial team.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
59out of 100
Grade DWeak opportunity
Confidence: LOW
At £475,000, the asking price works out at about £71 per sq ft, well below the local average of £277 per sq ft—a strong acquisition point for a building of this scale. The opportunity is to turn a substantial five-storey Grade II listed former office into a distinctive city residence: approved planning permission is stated, and the visible period fireplaces, sash windows, decorative joinery and large rooms offer a remarkable starting canvas. The Cathedral Quarter setting, cathedral views, courtyard garden and included parking space add to its appeal.
This is a weak overall WHOTS opportunity despite the standout price, because the economics score is limited and there is no renovation range or GDV available to assess the project’s financial outcome. The visible interiors are office-fitted and dated, with worn or marked carpet and minor wall blemishes; the scale of adapting a listed building for residential use also calls for careful budgeting and programme planning. The exterior appears broadly intact in the available image, though its condition needs closer inspection.
Key opportunities
- Rework the large office-arranged rooms across five storeys into a substantial private residence, subject to verifying the approved consent and listed-building requirements.
- Restore and feature the visible fireplaces, sash windows, decorative joinery and other period details as the defining character of the finished home.
- Make the most of the Cathedral Quarter position, cathedral views, walled courtyard garden and included parking space.
Key risks
- Adapting a five-storey, 6,666 sq ft listed former office is a major budget and programme commitment, not a cosmetic refresh; the scope and cost of residential conversion need establishing.
- The financial outcome is difficult to judge without a renovation estimate or GDV, despite the unusually low asking price per square foot.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,794
Based on a loan of £356,250 over 30 years at 4.45% interest
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