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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2, Banks Close, Worcester is a modern freehold house with 1,388 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Banks Close, Worcester is £498,006 and the estimated rental value is £1,491 per month.
Banks Close, Hallow, Worcester, WR2 is located in the borough of Malvern Hills within the WR2 postal district.
2, Banks Close, Worcester has a single entry in the Land Registry from February 2022 and a single entry in the EPC database dated September 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
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 2, Banks Close, Worcester is in very good condition we estimate a sale value of £522,906 and a rental value of £1,566 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £463,145 and a rental value of £1,387 per month.
Over the last 12 months the sale value of 2 Banks Close Worcester has decreased by an estimated £2,220 (0.4%) and its rental value has increased by an estimated £51 per month (3.4%), giving an expected gross yield of 3.6%.
2, Banks Close, Worcester has an Energy Performance Rating (EPC) of A. This is based on the most recent assessment, dated 16 Sep 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Banks Close, Worcester was last sold on 11th February 2022 for £520,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since February 2022, the market for similar properties has dropped 23.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Banks Close, Worcester within a radius of 1.9 kilometres over the last 2 years.
The most recent example is 16, Banks Close, Worcester, WR2 6NE, a freehold house which sold for £437,500 on the 10th December 2021.
Read more about house prices in WR2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Banks Close, Hallow, Worcester, WR2 has a total of 59 addresses. According to our analysis of all the public data, 2, Banks Close, Worcester is the 10th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £180k more expensive than the average property in WR2.
The closest station to 2, Banks Close, Worcester is Worcester Foregate Street station which is 4.2 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 2, Banks Close, Worcester, 41.0% of property is privately owned outright and 27.5% is privately owned with a mortgage.
The graph below shows how this compares to West Midlands 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 2, Banks Close, Worcester, 20.1% of residents are recorded as possessing school level qualifications and 38.4% as possessing degree level qualifications.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Banks Close, Worcester, the average age was 46.6 and the most common age was 57.
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 2, Banks Close, Worcester, 1.3% 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 2, Banks Close, Worcester, there are an average of 1.6 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
