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About This Property

Discover what makes this home special

This charming one-bedroom apartment, located in the sought-after Spey development in Worcester, offers an ideal blend of modern living and convenient access to local amenities. Priced at £176,000, the property is well-suited for first-time buyers or investors looking for a manageable and comfortable home in a growing area. The apartment features a spacious living area, a well-appointed kitchen, and a bathroom, all designed to maximize space and natural light.

Situated within easy reach of Worcester city centre, the property benefits from excellent transport links including proximity to Worcester Foregate Street train station, providing direct access to Birmingham and beyond. The surrounding area boasts a range of schools, parks, and shopping facilities, making it a practical and appealing choice for residents seeking a balanced urban lifestyle. Future development plans in Worcester promise to enhance the area's appeal and potential for property value growth.

Property Features

This apartment offers a modern open-plan living space with a well-equipped kitchen, perfect for comfortable day-to-day living. The single bedroom is generously sized, complemented by a contemporary bathroom. Additional benefits include allocated parking, double glazing for energy efficiency, and gas central heating ensuring warmth throughout the year. The layout is designed to maximize natural light and space efficiency.

One BedroomOne BathroomModern KitchenOpen Plan LivingAllocated ParkingDouble Glazing+1

Local Amenities

The property is conveniently located near Worcester Foregate Street Station, providing excellent rail connectivity. Local schools such as Tudor Grange Academy offer quality education options. Residents can access healthcare services at Worcestershire Royal Hospital within a short drive. Shopping needs are met by The Shambles Shopping Centre and nearby supermarkets. Outdoor leisure is supported by Gheluvelt Park and several green spaces. Multiple bus routes serve the area, enhancing public transport options.

Worcester Foregate Street StationTudor Grange AcademyWorcestershire Royal HospitalThe Shambles Shopping CentreGheluvelt ParkLocal Supermarkets+1
Worcester Foregate Street Train Station (1.7 miles, 7 mins drive) • N/A (property within Worcester) to Worcester

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£176,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£2,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£73/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£176,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£1,500
Total Cash Required-
Monthly Costs
Estimated Service Charge£73/mo
Estimated Ground Rent£6/mo
Mortgage-
Home Insurance£30/mo
Total Monthly-

International Suitability

Moderate Opportunity
65/100
ChallengingModerateGoodExcellent
Stable rental demand
Limited international transport links
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£176,000
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£73/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 £748/mo rent
Area Price Growth
+2.6%
Average annual increase
5-Year Value Forecast
£200,101
+£24,101 projected gain
5-Year Rent Forecast
£932/mo
Based on 4.5% annual growth
Price per Sq Ft£352
Annual Rent Income£8,976
10-Year ROI204%
Break-Even Point20 yrs

Property Value Projection

Based on 2.6% annual growth
£200,101
5yr
£227,503
10yr
£258,656
15yr
£294,076
20yr
£334,346
25yr
Current: £176,000

Monthly Rental Income

Based on 4.5% annual growth
£932
5yr
£1,162
10yr
£1,448
15yr
£1,804
20yr
£2,248
25yr
Current: £748/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
6h
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

60
Walk Score
Somewhat Walkable
55
Transit Score
Good Transit
50
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

Loading location insights...

£176,000
AvailableNB0000021537
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 840
1 plot(s) available
Ownershipleasehold

Request Information

£176,000Spey

Enquire About This Property

Spey
SpeyWorcester£176,000

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