According to the public record, 2, Bowood Lane, Worcester is a modern freehold house and with 1,388 ft2 of internal area and sits on a 237 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Bowood Lane, Worcester, WR5 is located in the borough of Worcester within the WR5 postal district.
2, Bowood Lane, Worcester has 61 entries in the Land Registry database, most recently in September 2022 and a single entry in the EPC database dated February 2014.
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 2 Bowood Lane Worcester as £399,278 and the rental value as £1,312 per month giving an expected gross yield of 3.9%.
Over the last 12 months the sale value of 2 Bowood Lane Worcester has increased by £1,305 (0.3%) and its rental value has increased by £67 per month (5.1%).
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 2, Bowood Lane, Worcester is in very good condition we estimate a sale value of £419,241 and rental value of £1,377 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £371,328 and a rental value of £1,220 per month.
If you were able to purchase this property for the estimated value of £399,278, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,962 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, 2, Bowood Lane, Worcester sits on a plot of 237m2.
We have plot size data on 10 out of 14 other houses in the postcode and 2, Bowood Lane, Worcester sits on the 5th largest plot.
According to HM Land Registry, 2, Bowood Lane, Worcester was last sold on 09 Sep 2022 for £325,000 and was recorded as a freehold house.
The property has had 6 sales since 1995.
Since Sep 2022, the market for similar properties has dropped 1.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Bowood Lane, Worcester within a radius of 50m over the last 2 years.
The most recent example is 18, Bowood Lane, Worcester, WR5 3UT, a Freehold house which sold for £500,000 in May 2022.
Read more about house prices in WR5.
Bowood Lane, Worcester, WR5 has a total of 14 addresses. According to our analysis of all the public data, 2, Bowood Lane, Worcester is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £134k more expensive than the average property in WR5.
2, Bowood Lane, Worcester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Feb 2014.
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 2, Bowood Lane, Worcester is Worcester Shrub Hill station which is 2.4 km 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 2, Bowood Lane, Worcester, 47.8% of property is privately owned with a mortgage and 26.1% is privately rented.
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 2, Bowood Lane, Worcester, 18.9% of residents are recorded as possessing school level qualifications and 43.3% 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 2, Bowood Lane, Worcester, the average age was 42.8 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 2, Bowood Lane, 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 2, Bowood Lane, Worcester, there are an average of 1.5 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.