A promising future, in spite of the national economic doom and gloom
An exciting and innovative property development in the cathedral city of Worcester is putting this historic riverside centre at odds with the rest of the Midlands, which is continuing to battle with a stagnating property industry. Despite stalling projects during the height of the recession, the city is continuing to make progress with its ambitious Digilis Water development.
One of the UK's most desirable places to live
This city, which is ranked in the top 15 most desirable places to live in Britain by the Affordable Affluence Index, is noted for its thriving schools, premium restaurants, elegant bars, stylish art galleries and of course its towering cathedral. In recent years, average house prices in Worcester have exceeded the national average but are significantly more affordable than other towns and cities, many of which fail to match its ranking in the Affordable Affluence Index.
The Diglis Water development - a testament to Worcester's economic resilience
One of the most promising property developments in the city is the construction of luxury accommodation on the Quayside area that overlooks the eastern banks of the River Severn. The Diglis Water development, which recently won the prestigious NHBC Quality Award, has benefited from a number of new building projects, including high-end waterside penthouses, priced from £139, 995.
Luxury accommodation that is far more affordable than many other areas
The most expensive apartment in the city’s property market is a three bedroom penthouse that overlooks the river and affords stunning views of the cathedral and Worcester Bridge. With more than 2100 square feet of space and a purchase price of £549, 995, it is complimented by chic finishes and has attracted the attention of plenty of prospective buyers.
The final Diglis Water development, which includes more than 200 luxury new homes at a combined cost of £75 million, is not expected to be complete until 2016.
If you are interested in purchasing a property in the Worcester area and you'd like to find out information on Conveyancing in Worcester, contact Fridaysmove for a free quote.
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