According to the public record, 2 The Wharf, Worcester is a modern leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Wharf, Diglis Road, Worcester, WR5.
Diglis Road, Worcester, WR5 is located in the borough of Worcester within the WR5 postal district.
2 The Wharf, Worcester has 2 entries in the Land Registry database, most recently in August 2017 and a single entry in the EPC database dated March 2019.
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 The Wharf Worcester as £186,431 and the rental value as £711 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 2 The Wharf Worcester has increased by £6,108 (3.3%) and its rental value has increased by £48 per month (6.7%).
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 The Wharf, Worcester is in very good condition we estimate a sale value of £195,753 and rental value of £747 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £173,381 and a rental value of £662 per month.
If you were able to purchase this property for the estimated value of £186,431, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £916 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, 2 The Wharf, Worcester was last sold on 22 Aug 2017 for £155,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2017, the market for similar properties has risen 17.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 The Wharf, Worcester within a radius of 460 metres over the last 2 years.
The most recent example is Apartment 15, Portland Point, Armstrong Drive, Worcester, WR1 2GE, a Leasehold flat which sold for £205,000 in Mar 2024.
Read more about house prices in WR5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Diglis Road, Worcester, WR5 has a total of 106 addresses. According to our analysis of all the public data, 2 The Wharf, Worcester is the 50th largest and the 50th most expensive property on the street.
When compared to the postcode district it is £79k less expensive than the average property in WR5.
2 The Wharf, Worcester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 Mar 2019.
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 The Wharf, Worcester is Worcester Foregate Street station which is 1.2 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 The Wharf, Worcester, 63.4% of property is privately rented and 22.8% is socially 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 The Wharf, Worcester, 7.2% of residents are recorded as possessing school level qualifications and 36.8% 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 The Wharf, Worcester, the average age was 41.4 and the most common age was 27.
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 The Wharf, 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 The Wharf, Worcester, there are an average of 0.5 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.