According to the public record, Springbank, Worcester is a mid-century freehold house with 1,467 ft2 of internal area and sits on a 839 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Lansdowne Crescent Lane, Worcester, WR3 is located in the borough of Worcester within the WR3 postal district.
Springbank, Worcester has a single entry in the Land Registry database from November 2009 and a single entry in the EPC database dated September 2009.
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 Springbank Worcester as £335,867 and the rental value as £1,239 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of Springbank Worcester has increased by £1,105 (0.3%) and its rental value has increased by £30 per month (2.4%).
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 Springbank, Worcester is in very good condition we estimate a sale value of £352,661 and rental value of £1,301 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £312,357 and a rental value of £1,152 per month.
If you were able to purchase this property for the estimated value of £335,867, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,651 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 data from HM Land Registry, Springbank, Worcester sits on a plot of 839m2.
We have plot size data on 7 out of 14 other houses in the postcode and Springbank, Worcester sits on the largest plot.
According to HM Land Registry, Springbank, Worcester was last sold on 16 Nov 2009 for £265,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2009, the market for similar properties has risen 45.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Springbank, Worcester within a radius of 500 metres over the last 2 years.
The most recent example is 51, Rainbow Hill, Worcester, WR3 8NF, a Freehold house which sold for £370,000 in Jul 2023.
Read more about house prices in WR3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lansdowne Crescent Lane, Worcester, WR3 has a total of 14 addresses. According to our analysis of all the public data, Springbank, Worcester is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £19k more expensive than the average property in WR3.
Springbank, Worcester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 22 Sep 2009.
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 Springbank, Worcester is Worcester Shrub Hill station which is 700 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 Springbank, Worcester, 40.5% of property is privately owned outright and 36.6% 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 Springbank, Worcester, 16.5% of residents are recorded as possessing school level qualifications and 55.9% 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 Springbank, 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 Springbank, Worcester, 0.4% 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 Springbank, 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.