According to the public record, 12, Rainbow Hill, Worcester is a mid-century freehold house with 796 ft2 of internal area and sits on a 1,313 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Rainbow Hill, Worcester, WR3 is located in the borough of Worcester within the WR3 postal district.
12, Rainbow Hill, Worcester has a single entry in the Land Registry database from May 2020 and a single entry in the EPC database dated January 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 12 Rainbow Hill Worcester as £216,902 and the rental value as £916 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 12 Rainbow Hill Worcester has increased by £5,965 (2.8%) and its rental value has increased by £46 per month (5.0%).
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 12, Rainbow Hill, Worcester is in very good condition we estimate a sale value of £227,747 and rental value of £962 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £201,719 and a rental value of £852 per month.
If you were able to purchase this property for the estimated value of £216,902, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,066 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 data from HM Land Registry, 12, Rainbow Hill, Worcester sits on a plot of 1313m2.
We have plot size data on 8 out of 8 other houses in the postcode and 12, Rainbow Hill, Worcester sits on the largest plot.
According to HM Land Registry, 12, Rainbow Hill, Worcester was last sold on 18 May 2020 for £185,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2020, the market for similar properties has risen 18.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Rainbow Hill, Worcester within a radius of 530 metres over the last 2 years.
The most recent example is Cotswold, Lansdowne Walk, Worcester, WR3 8JD, a Freehold house which sold for £212,000 in Apr 2023.
Read more about house prices in WR3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rainbow Hill, Worcester, WR3 has a total of 138 addresses. According to our analysis of all the public data, 12, Rainbow Hill, Worcester is the 54th largest and the 45th most expensive property on the street.
When compared to the postcode district it is £100k less expensive than the average property in WR3.
12, Rainbow Hill, Worcester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Jan 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 12, Rainbow Hill, Worcester is Worcester Shrub Hill station which is 400 metres 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 12, Rainbow Hill, Worcester, 38.1% of property is privately owned outright and 28.6% 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 12, Rainbow Hill, Worcester, 13.9% of residents are recorded as possessing school level qualifications and 36.5% 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 12, Rainbow Hill, 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 12, Rainbow Hill, Worcester, 0.8% 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 12, Rainbow Hill, Worcester, there are an average of 1.3 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.