According to the public record, 2, Milret Close, Worcester is a mid-century freehold house with 1,001 ft2 of internal area and sits on a 225 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Milret Close, Worcester, WR3 is located in the borough of Worcester within the WR3 postal district.
2, Milret Close, Worcester has 2 entries in the Land Registry database, most recently in August 2018 and a single entry in the EPC database dated July 2015.
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 Milret Close Worcester as £300,375 and the rental value as £1,098 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 2 Milret Close Worcester has increased by £6,707 (2.2%) and its rental value has increased by £48 per month (4.4%).
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, Milret Close, Worcester is in very good condition we estimate a sale value of £315,394 and rental value of £1,153 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £279,349 and a rental value of £1,021 per month.
If you were able to purchase this property for the estimated value of £300,375, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,476 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, Milret Close, Worcester sits on a plot of 225m2.
We have plot size data on 5 out of 9 other houses in the postcode and 2, Milret Close, Worcester sits on the 5th largest plot.
According to HM Land Registry, 2, Milret Close, Worcester was last sold on 24 Aug 2018 for £257,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2018, the market for similar properties has risen 22.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Milret Close, Worcester within a radius of 490 metres over the last 2 years.
The most recent example is 2, Bishops Avenue, Worcester, WR3 8XA, a Freehold house which sold for £316,000 in Dec 2022.
Read more about house prices in WR3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Milret Close, Worcester, WR3 has a total of 9 addresses. According to our analysis of all the public data, 2, Milret Close, Worcester is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £16k less expensive than the average property in WR3.
2, Milret Close, Worcester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Jul 2015.
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, Milret Close, Worcester is Worcester Foregate Street 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 2, Milret Close, Worcester, 43.0% of property is privately owned outright and 41.3% 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 2, Milret Close, Worcester, 15.8% of residents are recorded as possessing school level qualifications and 36.3% 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, Milret Close, 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 2, Milret Close, 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, Milret Close, 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.