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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
According to the public record, 5, Spring Lane, Worcester is a modern leasehold apartment with 441 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 5, Spring Lane, Worcester is £133,678 and the estimated rental value is £829 per month.
Spring Lane, Worcester, WR5 is located in the borough of Worcester within the WR5 postal district.
5, Spring Lane, Worcester has 51 entries in the Land Registry , most recently in August 2022 and a single entry in the EPC database dated July 2018.
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 5, Spring Lane, Worcester is in very good condition we estimate a sale value of £140,362 and a rental value of £870 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £124,321 and a rental value of £771 per month.
Over the last 12 months the sale value of 5 Spring Lane Worcester has increased by an estimated £783 (0.6%) and its rental value has increased by an estimated £34 per month (4.1%), giving an expected gross yield of 7.4%.
5, Spring Lane, Worcester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Jul 2018.
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, 5, Spring Lane, Worcester was last sold on 12th August 2022 for £159,950 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since August 2022, the market for similar properties has risen 16.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Spring Lane, Worcester within a radius of 500 metres over the last 2 years.
The most recent example is 25, Spring Lane, Worcester, WR5 1AU, a leasehold flat which sold for £110,000 on the 23rd May 2023.
Read more about house prices in WR5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spring Lane, Worcester, WR5 has a total of 53 addresses. According to our analysis of all the public data, 5, Spring Lane, Worcester is the 45th largest and the 41st most expensive property on the street.
When compared to the postcode district it is £171k less expensive than the average property in WR5.
The closest station to 5, Spring Lane, Worcester is Worcester Shrub Hill station which is 400 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 5, Spring Lane, Worcester, 42.9% of property is privately rented and 24.1% 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 5, Spring Lane, Worcester, 20.2% of residents are recorded as possessing school level qualifications and 37.4% 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 5, Spring Lane, 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 5, Spring Lane, Worcester, 1.5% 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 5, Spring Lane, Worcester, there are an average of 0.9 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
