According to the public record, Apartment 4, Waters Reach, Worcester is a modern leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Waters Reach, Armstrong Drive, Worcester, WR1.
Armstrong Drive, Worcester, WR1 is located in the borough of Worcester within the WR1 postal district.
Apartment 4, Waters Reach, Worcester has a single entry in the Land Registry database from July 2009 and a single entry in the EPC database dated October 2018.
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 4 Waters Reach Worcester as £215,375 and the rental value as £883 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of Apartment 4 Waters Reach Worcester has increased by £5,852 (2.7%) and its rental value has increased by £51 per month (5.8%).
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 4, Waters Reach, Worcester is in very good condition we estimate a sale value of £226,144 and rental value of £927 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £200,299 and a rental value of £821 per month.
If you were able to purchase this property for the estimated value of £215,375, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,059 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 4, Waters Reach, Worcester was last sold on 31 Jul 2009 for £175,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2009, the market for similar properties has risen 32.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 4, Waters Reach, Worcester within a radius of 490 metres over the last 2 years.
The most recent example is Apartment 9, Waters Reach, Armstrong Drive, Worcester, WR1 2GH, a Leasehold flat which sold for £270,000 in Jan 2024.
Read more about house prices in WR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Armstrong Drive, Worcester, WR1 has a total of 203 addresses. According to our analysis of all the public data, Apartment 4, Waters Reach, Worcester is the 79th largest and the 126th most expensive property on the street.
When compared to the postcode district it is £2k less expensive than the average property in WR1.
Apartment 4, Waters Reach, Worcester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Oct 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using elecric underfloor heating.
The closest station to Apartment 4, Waters Reach, Worcester is Worcester Foregate Street station which is 1.2 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 4, Waters Reach, Worcester, 63.4% of property is privately rented and 22.8% is socially 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 4, Waters Reach, Worcester, 7.2% of residents are recorded as possessing school level qualifications and 36.8% 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 4, Waters Reach, 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 4, Waters Reach, Worcester, 0.0% 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 4, Waters Reach, Worcester, there are an average of 0.5 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.