According to the public record, 1 Belmont Lodge, Worcester is a mid-century leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Belmont Lodge, Mayfield Road, Worcester, WR3.
Mayfield Road, Worcester, WR3 is located in the borough of Worcester within the WR3 postal district.
1 Belmont Lodge, Worcester has 61 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated September 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Belmont Lodge Worcester as £141,095 and the rental value as £706 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 1 Belmont Lodge Worcester has increased by £4,141 (2.9%) and its rental value has increased by £37 per month (5.2%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1 Belmont Lodge, Worcester is in very good condition we estimate a sale value of £148,149 and rental value of £741 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £131,218 and a rental value of £657 per month.
If you were able to purchase this property for the estimated value of £141,095, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £693 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1 Belmont Lodge, Worcester was last sold on 17 Jun 2021 for £124,000 and was recorded as a leasehold flat.
The property has had 6 sales since 1995.
Since Jun 2021, the market for similar properties has risen 9.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1 Belmont Lodge, Worcester within a radius of 580 metres over the last 2 years.
The most recent example is 3 Belmont Lodge, Mayfield Road, Worcester, WR3 8NS, a Leasehold flat which sold for £120,000 in Apr 2019.
Read more about house prices in WR3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mayfield Road, Worcester, WR3 has a total of 120 addresses. According to our analysis of all the public data, 1 Belmont Lodge, Worcester is the 76th largest and the 100th most expensive property on the street.
When compared to the postcode district it is £175k less expensive than the average property in WR3.
1 Belmont Lodge, Worcester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Sep 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1 Belmont Lodge, Worcester is Worcester Shrub Hill station which is 1.0 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1 Belmont Lodge, Worcester, 44.2% of property is privately rented and 33.3% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1 Belmont Lodge, Worcester, 13.6% of residents are recorded as possessing school level qualifications and 33.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1 Belmont Lodge, Worcester, the average age was 41.7 and the most common age was 52.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1 Belmont Lodge, Worcester, 0.0% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1 Belmont Lodge, Worcester, there are an average of 1.0 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.