According to the public record, Flat 8, Smith Court, Worcester is a mid-century leasehold apartment with 452 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Smith Court, London Road, Worcester, WR5.
London Road, Worcester, WR5 is located in the borough of Worcester within the WR5 postal district.
Flat 8, Smith Court, Worcester has 41 entries in the Land Registry database, most recently in April 2021 and a single entry in the EPC database dated February 2013.
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 Flat 8 Smith Court Worcester as £110,285 and the rental value as £653 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of Flat 8 Smith Court Worcester has increased by £2,786 (2.5%) and its rental value has increased by £39 per month (5.9%).
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 Flat 8, Smith Court, Worcester is in very good condition we estimate a sale value of £115,799 and rental value of £685 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £102,565 and a rental value of £607 per month.
If you were able to purchase this property for the estimated value of £110,285, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £542 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, Flat 8, Smith Court, Worcester was last sold on 06 Apr 2021 for £95,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Apr 2021, the market for similar properties has risen 10.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Smith Court, Worcester within a radius of 410 metres over the last 2 years.
The most recent example is 10 King Charles Court, Bath Road, Worcester, WR5 3HF, a Leasehold flat which sold for £127,800 in Dec 2022.
Read more about house prices in WR5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
London Road, Worcester, WR5 has a total of 238 addresses. According to our analysis of all the public data, Flat 8, Smith Court, Worcester is the 198th largest and the 207th most expensive property on the street.
When compared to the postcode district it is £155k less expensive than the average property in WR5.
Flat 8, Smith Court, Worcester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Feb 2013.
The property is not connected to mains gas and has single glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 8, Smith Court, 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 Flat 8, Smith Court, Worcester, 37.9% of property is privately owned outright and 28.0% 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 Flat 8, Smith Court, Worcester, 15.1% of residents are recorded as possessing school level qualifications and 43.6% 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 Flat 8, Smith Court, Worcester, the average age was 38.6 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 Flat 8, Smith Court, Worcester, 4.4% 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 Flat 8, Smith Court, 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.