According to the public record, 8, Tench Close, Worcester is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,711 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Tench Close, Worcester, WR5 is located in the borough of Worcester within the WR5 postal district.
8, Tench Close, Worcester has a single entry in the Land Registry database from December 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 8 Tench Close Worcester as £447,598 and the rental value as £1,506 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 8 Tench Close Worcester has decreased by £132 (0.0%) and its rental value has increased by £55 per month (3.6%).
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 8, Tench Close, Worcester is in very good condition we estimate a sale value of £469,978 and rental value of £1,581 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £416,267 and a rental value of £1,400 per month.
If you were able to purchase this property for the estimated value of £447,598, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,200 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, 8, Tench Close, Worcester was last sold on 05 Dec 2007 for £414,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2007, the market for similar properties has risen 47.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Tench Close, Worcester within a radius of 1.0 kilometres over the last 2 years.
The most recent example is 4, Perch Road, Worcester, WR5 3AD, a Freehold house which sold for £490,000 in Apr 2022.
Read more about house prices in WR5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Tench Close, Worcester, WR5 has a total of 8 addresses. According to our analysis of all the public data, 8, Tench Close, Worcester is the largest and the most expensive property on the street.
When compared to the postcode district it is £182k more expensive than the average property in WR5.
The closest station to 8, Tench Close, Worcester is Worcester Foregate Street station which is 3.1 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 8, Tench Close, Worcester, 49.3% of property is privately owned outright and 40.3% 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 8, Tench Close, Worcester, 20.1% of residents are recorded as possessing school level qualifications and 39.4% 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 8, Tench Close, 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 8, Tench Close, Worcester, 0.9% 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 8, Tench Close, Worcester, there are an average of 1.7 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.