According to the public record, Apartment 23, Victoria Institute, Worcester is a period leasehold apartment with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Victoria Institute, Sansome Walk, Worcester, WR1.
Sansome Walk, Worcester, WR1 is located in the borough of Worcester within the WR1 postal district.
Apartment 23, Victoria Institute, Worcester has 41 entries in the Land Registry database, most recently in September 2022 and a single entry in the EPC database dated January 2022.
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 23 Victoria Institute Worcester as £198,768 and the rental value as £762 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of Apartment 23 Victoria Institute Worcester has increased by £6,404 (3.2%) and its rental value has increased by £40 per month (5.2%).
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 23, Victoria Institute, Worcester is in very good condition we estimate a sale value of £208,706 and rental value of £800 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £184,854 and a rental value of £709 per month.
If you were able to purchase this property for the estimated value of £198,768, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £977 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 23, Victoria Institute, Worcester was last sold on 30 Sep 2022 for £175,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Sep 2022, the market for similar properties has risen 3.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 23, Victoria Institute, Worcester within a radius of 350 metres over the last 2 years.
The most recent example is Apartment 14, Victoria Institute, Sansome Walk, Worcester, WR1 1DF, a Leasehold flat which sold for £163,000 in Sep 2021.
Read more about house prices in WR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sansome Walk, Worcester, WR1 has a total of 195 addresses. According to our analysis of all the public data, Apartment 23, Victoria Institute, Worcester is the 153rd largest and the 36th most expensive property on the street.
When compared to the postcode district it is £18k less expensive than the average property in WR1.
Apartment 23, Victoria Institute, Worcester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 11 Jan 2022.
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 23, Victoria Institute, Worcester is Worcester Foregate Street station which is 200 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 Apartment 23, Victoria Institute, Worcester, 56.8% of property is privately rented and 15.2% 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 Apartment 23, Victoria Institute, Worcester, 17.4% of residents are recorded as possessing school level qualifications and 37.8% 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 Apartment 23, Victoria Institute, Worcester, the average age was 40.2 and the most common age was 22.
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 23, Victoria Institute, Worcester, 1.1% 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 23, Victoria Institute, Worcester, there are an average of 1.0 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.