According to the public record, Apartment 2, Orchard Place, Worcester is a modern leasehold apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Orchard Place, Orchard Street, Worcester, WR5.
Orchard Street, Worcester, WR5 is located in the borough of Worcester within the WR5 postal district.
Apartment 2, Orchard Place, Worcester has 41 entries in the Land Registry database, most recently in September 2023 and a single entry in the EPC database dated November 2020.
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 Apartment 2 Orchard Place Worcester as £149,110 and the rental value as £691 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Apartment 2 Orchard Place Worcester has increased by £4,886 (3.3%) and its rental value has increased by £47 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 Apartment 2, Orchard Place, Worcester is in very good condition we estimate a sale value of £156,565 and rental value of £726 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £138,672 and a rental value of £643 per month.
If you were able to purchase this property for the estimated value of £149,110, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £733 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, Apartment 2, Orchard Place, Worcester was last sold on 29 Sep 2023 for £152,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Sep 2023, the market for similar properties has risen 3.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 2, Orchard Place, Worcester within a radius of 640 metres over the last 2 years.
The most recent example is 4, St. Marks Court, Worcester, WR5 3EG, a Leasehold flat which sold for £155,000 in Sep 2023.
Read more about house prices in WR5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Orchard Street, Worcester, WR5 has a total of 59 addresses. According to our analysis of all the public data, Apartment 2, Orchard Place, Worcester is the 56th largest and the 57th most expensive property on the street.
When compared to the postcode district it is £116k less expensive than the average property in WR5.
Apartment 2, Orchard Place, Worcester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Nov 2020.
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 Apartment 2, Orchard Place, Worcester is Worcester Shrub Hill station which is 1.9 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 Apartment 2, Orchard Place, Worcester, 33.1% of property is privately owned outright and 33.1% is privately 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 Apartment 2, Orchard Place, Worcester, 19.2% of residents are recorded as possessing school level qualifications and 39.5% 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 Apartment 2, Orchard Place, 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 Apartment 2, Orchard Place, Worcester, 0.8% 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 Apartment 2, Orchard Place, Worcester, there are an average of 1.3 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.