According to the public record, 5, Michael Tippet Drive, Worcester is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Michael Tippet Drive, Worcester, WR4 is located in the borough of Worcester within the WR4 postal district.
5, Michael Tippet Drive, Worcester has 21 entries in the Land Registry database, most recently in July 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 5 Michael Tippet Drive Worcester as £146,424 and the rental value as £734 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 5 Michael Tippet Drive Worcester has increased by £4,271 (2.9%) and its rental value has increased by £55 per month (7.4%).
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 5, Michael Tippet Drive, Worcester is in very good condition we estimate a sale value of £153,745 and rental value of £771 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £136,174 and a rental value of £683 per month.
If you were able to purchase this property for the estimated value of £146,424, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £720 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, 5, Michael Tippet Drive, Worcester was last sold on 06 Jul 2007 for £114,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2007, the market for similar properties has risen 15.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Michael Tippet Drive, Worcester within a radius of 560 metres over the last 2 years.
The most recent example is 4, Michael Tippet Drive, Worcester, WR4 9EH, a Leasehold flat which sold for £146,000 in Jul 2022.
Read more about house prices in WR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Michael Tippet Drive, Worcester, WR4 has a total of 54 addresses. According to our analysis of all the public data, 5, Michael Tippet Drive, Worcester is the 35th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £119k less expensive than the average property in WR4.
The closest station to 5, Michael Tippet Drive, Worcester is Worcester Shrub Hill station which is 500 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 5, Michael Tippet Drive, Worcester, 41.3% of property is privately owned outright and 25.8% 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 5, Michael Tippet Drive, Worcester, 21.6% of residents are recorded as possessing school level qualifications and 28.8% 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 5, Michael Tippet Drive, Worcester, the average age was 37.8 and the most common age was 32.
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 5, Michael Tippet Drive, Worcester, 0.5% 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 5, Michael Tippet Drive, Worcester, there are an average of 1.2 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.