According to the public record, 18 Elgar Court, Rainbow Hill, Worcester is a modern leasehold apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 18, Rainbow Hill, Worcester, WR3.
Rainbow Hill, Worcester, WR3 is located in the borough of Worcester within the WR3 postal district.
18 Elgar Court, Rainbow Hill, Worcester has 3 entries in the Land Registry database, most recently in January 2022 and a single entry in the EPC database dated June 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 18 Elgar Court Rainbow Hill Worcester as £111,852 and the rental value as £625 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 18 Elgar Court Rainbow Hill Worcester has increased by £3,283 (2.9%) and its rental value has increased by £33 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 18 Elgar Court, Rainbow Hill, Worcester is in very good condition we estimate a sale value of £117,445 and rental value of £656 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £104,023 and a rental value of £581 per month.
If you were able to purchase this property for the estimated value of £111,852, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £550 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, 18 Elgar Court, Rainbow Hill, Worcester was last sold on 14 Jan 2022 for £105,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jan 2022, the market for similar properties has risen 6.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18 Elgar Court, Rainbow Hill, Worcester within a radius of 540 metres over the last 2 years.
The most recent example is Flat 14, Wharf House, Lowesmoor Terrace, Worcester, WR1 2RX, a Leasehold flat which sold for £140,000 in Feb 2024.
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, 18 Elgar Court, Rainbow Hill, Worcester is the 116th largest and the 119th most expensive property on the street.
When compared to the postcode district it is £205k less expensive than the average property in WR3.
18 Elgar Court, Rainbow Hill, Worcester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Jun 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 18 Elgar Court, Rainbow Hill, Worcester is Worcester Shrub Hill station which is 600 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 18 Elgar Court, Rainbow Hill, Worcester, 46.9% of property is privately rented and 32.0% 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 18 Elgar Court, Rainbow Hill, Worcester, 14.4% of residents are recorded as possessing school level qualifications and 37.5% 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 18 Elgar Court, 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 18 Elgar Court, Rainbow Hill, 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 18 Elgar Court, Rainbow Hill, Worcester, there are an average of 1.1 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.