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About This Property

Discover what makes this home special

Spey is a stylish one-bedroom apartment located in the desirable Worcester area, offering a perfect blend of comfort and convenience. Priced competitively at £186,950, this property is ideal for first-time buyers or investors looking for a manageable yet modern living space. The apartment boasts a spacious living area with ample natural light, a well-equipped kitchen, and a comfortable bedroom with an adjacent bathroom, all thoughtfully designed to maximize space and functionality.

Situated in the WR2 5TT postcode, the apartment benefits from excellent transport links and proximity to local amenities, including schools, parks, and shopping facilities. The location offers a peaceful residential environment while maintaining easy access to Worcester city centre and beyond, making it a practical choice for commuters and city dwellers alike.

Property Features

This apartment features a modern kitchen equipped with contemporary fittings, a bright and spacious living area perfect for relaxing or entertaining, and a well-sized bedroom with easy access to a full bathroom. Secure entry and allocated parking add to the convenience and safety of the property, making it suitable for a variety of residents including professionals and small families.

One bedroomOne bathroomModern kitchenSpacious living areaSecure entryAllocated parking

Local Amenities

The property is well-served by local amenities, including the Worcester Foregate Street railway station which provides regular services to Birmingham and London. Educational needs are met by reputable schools such as St George's Catholic Primary School and Tudor Grange Academy. Nearby Fort Royal Park offers green space for outdoor activities, while local supermarkets and healthcare facilities like Worcestershire Royal Hospital ensure daily convenience and wellbeing.

Worcester Foregate Street StationWorcestershire Royal HospitalSt George's Catholic Primary SchoolTudor Grange AcademyFort Royal ParkLocal supermarkets
Worcester Foregate Street Train Station (1.5 miles, 6 mins drive) • 1h 10m to Birmingham

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£176,950
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£176,950
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
Stable local rental market
Limited direct international transport links
Good proximity to regional hubs

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£176,950
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
5.4%
Based on £795/mo rent
Area Price Growth
+2.6%
Average annual increase
5-Year Value Forecast
£201,181
+£24,231 projected gain
5-Year Rent Forecast
£991/mo
Based on 4.5% annual growth
Price per Sq Ft£354
Annual Rent Income£9,540
10-Year ROI216%
Break-Even Point19 yrs

Property Value Projection

Based on 2.6% annual growth
£201,181
5yr
£228,731
10yr
£260,052
15yr
£295,664
20yr
£336,151
25yr
Current: £176,950

Monthly Rental Income

Based on 4.5% annual growth
£991
5yr
£1,235
10yr
£1,539
15yr
£1,917
20yr
£2,389
25yr
Current: £795/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
1h 10m
1h 15m
London Paddington
2h 15m
2h 10m

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 Good
Evening Low
Bedroom
Morning Good
Afternoon Moderate
Evening Low

Location Scores

65
Walk Score
Somewhat Walkable
60
Transit Score
Good Transit
55
Bike Score
Bikeable
View Location Details

Future Developments Nearby

Mixed-use+Positive Impact
Worcester City Centre Regeneration
1.8 milesEst. 2025
* Information based on local planning applications and may be subject to change

Loading location insights...

£176,950
AvailableNB0000021527
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 835
1 plot(s) available
Ownershipleasehold

Request Information

£176,950Spey

Enquire About This Property

Spey
SpeyWorcester£176,950

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