According to the public record, 72B, Gillam Street, Worcester is a mid-century Leasehold apartment with 847 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 72, Gillam Street, Worcester, WR3.
Gillam Street, Worcester, WR3 is located in the borough of Worcester within the WR3 postal district.
72B, Gillam Street, Worcester has 31 entries in the Land Registry database, most recently in December 2021 and a single entry in the EPC database dated January 2015.
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 72B Gillam Street Worcester as £138,770 and the rental value as £699 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 72B Gillam Street Worcester has increased by £4,073 (2.9%) and its rental value has increased by £36 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 72B, Gillam Street, Worcester is in very good condition we estimate a sale value of £145,709 and rental value of £734 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £129,057 and a rental value of £650 per month.
If you were able to purchase this property for the estimated value of £138,770, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £682 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, 72B, Gillam Street, Worcester was last sold on 21 Dec 2021 for £208,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Dec 2021, the market for similar properties has risen 6.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 72B, Gillam Street, Worcester within a radius of 550 metres over the last 2 years.
The most recent example is 1 Belmont Lodge, Mayfield Road, Worcester, WR3 8NS, a Leasehold flat which sold for £124,000 in Jun 2021.
Read more about house prices in WR3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gillam Street, Worcester, WR3 has a total of 85 addresses. According to our analysis of all the public data, 72B, Gillam Street, Worcester is the 44th largest and the 83rd most expensive property on the street.
When compared to the postcode district it is £178k less expensive than the average property in WR3.
72B, Gillam Street, Worcester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Jan 2015.
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 72B, Gillam Street, Worcester is Worcester Shrub Hill station which is 1.0 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 72B, Gillam Street, Worcester, 43.0% of property is privately owned with a mortgage and 28.9% 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 72B, Gillam Street, Worcester, 17.6% of residents are recorded as possessing school level qualifications and 37.3% 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 72B, Gillam Street, Worcester, the average age was 41.7 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 72B, Gillam Street, 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 72B, Gillam Street, 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.