About This Property

Discover what makes this home special

Spey is a modern one-bedroom apartment located in the thriving city of Worcester. Situated within a well-planned development, this apartment offers a comfortable living space ideal for first-time buyers, professionals, or investors. The property benefits from a well-lit interior, with a south-east facing aspect that ensures good natural light in the mornings. Its proximity to Worcester city centre and local amenities makes it a convenient and attractive home.

The apartment is part of a contemporary development that blends residential comfort with access to green spaces and local parks. With excellent transport links including nearby Worcester Foregate Street station, residents can enjoy easy commutes to Birmingham and beyond. The area is also poised for positive growth due to ongoing regeneration projects, enhancing its appeal for future investment.

Property Features

This apartment features a spacious open-plan living and kitchen area designed for modern living. The single bedroom is well-sized and complemented by a contemporary bathroom. The property is located within a secure development with allocated parking, adding convenience and peace of mind. The modern kitchen comes fully fitted with integrated appliances, making it move-in ready.

One-bedroomOne bathroomModern kitchenOpen-plan living areaSecure developmentAllocated parking

Local Amenities

Situated in Worcester, the property benefits from a rich selection of local amenities. Worcester Cathedral and the racecourse provide cultural and leisure opportunities nearby. Educational needs are served by reputable schools such as Tudor Grange Academy. Shopping and daily essentials are easily accessible with Tesco Superstore and various local shops within walking distance. Green spaces like Gheluvelt Park offer outdoor recreation, while Worcester city centre provides a vibrant atmosphere with cafes, restaurants, and entertainment options.

Worcester CathedralWorcester RacecourseTudor Grange AcademyTesco SuperstoreGheluvelt ParkWorcester City Centre+1
Worcester Foregate Street Train Station (1.3 miles, 6 mins drive) • N/A (property within Worcester city limits) to Worcester

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£178,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£2,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£74/mo
Estimated Ground Rent£6/mo
Mortgage-
Landlord's Insurance£25/mo
Agency Fees-
Est. Rent-
Net Monthly-

Mortgage Calculator

10%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£178,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£1,500
Total Cash Required-
Monthly Costs
Estimated Service Charge£74/mo
Estimated Ground Rent£6/mo
Mortgage-
Home Insurance£30/mo
Total Monthly-

International Suitability

Moderate Opportunity
68/100
ChallengingModerateGoodExcellent
Affordability compared to larger cities
Moderate transport connectivity
Growing local economy

International Buyer Calculator

35%
20
5.5%
Monthly Payment-
International buyers typically require 25-40% deposit with limited lender options
Purchase Costs (Non-UK Resident)
Total Price£178,000
Mortgage Deposit (Min 25%)-
Stamp Duty + 2% Surcharge-
Legal Fees (Intl Complex)£3,500
AML & ID Verification£500
Bank Transfer Fees£1,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£74/mo
Estimated Ground Rent£6/mo
Mortgage-
Full Management (10%)-
Landlord's Insurance£35/mo
Est. Rent-
Net Monthly-
Key Considerations for International Buyers
+2% Stamp DutyAdditional surcharge for non-UK residents on property purchases
Higher DepositMost lenders require 25-40% deposit for non-UK residents
AML ComplianceEnhanced due diligence and source of funds verification required
Property ManagementFull management service recommended for overseas landlords

Investment Analytics

Key metrics for investors & buyers
Gross Rental Yield
5.1%
Based on £757/mo rent
Area Price Growth
+2.6%
Average annual increase
5-Year Value Forecast
£202,375
+£24,375 projected gain
5-Year Rent Forecast
£943/mo
Based on 4.5% annual growth
Price per Sq Ft£356
Annual Rent Income£9,084
10-Year ROI204%
Break-Even Point20 yrs

Property Value Projection

Based on 2.6% annual growth
£202,375
5yr
£230,088
10yr
£261,596
15yr
£297,418
20yr
£338,146
25yr
Current: £178,000

Monthly Rental Income

Based on 4.5% annual growth
£943
5yr
£1,176
10yr
£1,465
15yr
£1,826
20yr
£2,275
25yr
Current: £757/mo
* Projections are estimates based on historical market data and are not guaranteed. Past performance does not indicate future results.

Property Features

Local Area & Amenities

Floorplan

Site Plan

Site Plan

Location

Commute Time Planner

Birmingham New Street
45 mins
50 mins
London Paddington
2h 30m
2h 15m

Sun Path & Natural LightAI generated - Estimated

NESW
South-East-Facing Excellent
7h
Garden Sun (Summer)
Yes
Morning Sun
No
Afternoon Sun

Room-by-Room Light Analysis

Living Room
Morning Excellent
Afternoon Moderate
Evening Low
Bedroom
Morning Good
Afternoon Moderate
Evening Low

Location Scores

68
Walk Score
Somewhat Walkable
55
Transit Score
Good Transit
62
Bike Score
Bikeable
View Location Details

Future Developments Nearby

Mixed-use Commercial and Residential+Positive Impact
Worcester City Centre Regeneration
1.5 milesEst. 2027
* Information based on local planning applications and may be subject to change

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£178,000
AvailableNB0000021536
View Location Analytics

Spey

Worcester, Worcester WR2 5TT
Kensington Gate, Worcester
1
Bedrooms
1
Bathrooms
500
Est. Sq ft
apartment
Type

Developer

Redrow
Available Plot Numbers
Plot 839
1 plot(s) available
Ownershipleasehold

Request Information

£178,000Spey

Enquire About This Property

Spey
SpeyWorcester£178,000

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