According to the public record, 6, Michael Tippet Drive, Worcester is a modern leasehold apartment with 581 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.
6, Michael Tippet Drive, Worcester has 21 entries in the Land Registry database, most recently in July 2022 and a single entry in the EPC database dated November 2021.
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 6 Michael Tippet Drive Worcester as £135,264 and the rental value as £711 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 6 Michael Tippet Drive Worcester has increased by £3,946 (2.9%) and its rental value has increased by £53 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 6, Michael Tippet Drive, Worcester is in very good condition we estimate a sale value of £142,027 and rental value of £747 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £125,795 and a rental value of £662 per month.
If you were able to purchase this property for the estimated value of £135,264, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £665 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, 6, Michael Tippet Drive, Worcester was last sold on 27 Jul 2022 for £135,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2022, the market for similar properties has risen 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, 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, 6, Michael Tippet Drive, Worcester is the 44th largest and the 44th most expensive property on the street.
When compared to the postcode district it is £130k less expensive than the average property in WR4.
6, Michael Tippet Drive, Worcester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Nov 2021.
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 6, 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 6, 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 6, 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 6, 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 6, 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 6, 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.