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According to the public record, 2, Rainbow Hill, Worcester is a mid-century freehold house with 602 ft2 of internal area and sits on a 314 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Rainbow Hill, Worcester is £179,456 and the estimated rental value is £820 per month.
Rainbow Hill, Worcester, WR3 is located in the borough of Worcester within the WR3 postal district.
2, Rainbow Hill, Worcester has a single entry in the Land Registry from September 2012 and a single entry in the EPC database dated April 2012.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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, Rainbow Hill, Worcester is in very good condition we estimate a sale value of £188,429 and a rental value of £861 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £166,894 and a rental value of £762 per month.
Over the last 12 months the sale value of 2 Rainbow Hill Worcester has increased by an estimated £3,209 (1.8%) and its rental value has increased by an estimated £35 per month (4.3%), giving an expected gross yield of 5.5%.
According to data from HM Land Registry, 2, Rainbow Hill, Worcester sits on a plot of 314m2.
We have plot size data on 6 out of 8 other houses in the postcode and 2, Rainbow Hill, Worcester sits on the 2nd largest plot.
2, Rainbow Hill, Worcester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 24 Apr 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
According to HM Land Registry, 2, Rainbow Hill, Worcester was last sold on 20th September 2012 for £124,999 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since September 2012, the market for similar properties has risen 74.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Rainbow Hill, Worcester within a radius of 510 metres over the last 2 years.
The most recent example is 10, Wilson Street, Worcester, WR3 8NH, a freehold house which sold for £189,250 on the 18th January 2021.
Read more about house prices in WR3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rainbow Hill, Worcester, WR3 has a total of 138 addresses. According to our analysis of all the public data, 2, Rainbow Hill, Worcester is the 61st largest and the 53rd most expensive property on the street.
When compared to the postcode district it is £94k less expensive than the average property in WR3.
The closest station to 2, Rainbow Hill, Worcester is Worcester Shrub Hill station which is 400 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 2, Rainbow Hill, Worcester, 38.1% of property is privately owned outright and 28.6% 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, Rainbow Hill, Worcester, 13.9% of residents are recorded as possessing school level qualifications and 36.5% 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, Rainbow Hill, 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 2, Rainbow Hill, Worcester, 0.8% 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, Rainbow Hill, 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.
