House Prices in WR1 House Prices in WR1 (Worcester)

The average house price in WR1 (Worcester) is £205,727 using HM Land Registry data.

The average property price increased by £31,796 (9.42%) over the last 5 years and increased by £6,371 (1.6%) over the last 12 months.

Over the last year, there were 159 residential property sales – a decrease of 35 transactions (-22.01%) relative to the previous year. The majority of house sales (37) were in the £204,000 - £256,000 range. Then came properties in the £152,000 - £204,000 range, where 36 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 127 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,484 (-3%).

In Dec 24, there were 19 new estate agency instructions, 15 agreed home sales and 15 property price reductions.

5-Year Average Property Prices in WR1 (Worcester)

9.42%

Property prices in Worcester increased by 9.42% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in WR1 (Worcester) Over the Last Year

1.6%

Property prices in Worcester increased by 1.6% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for WR1 (Worcester) - Dec 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in WR1 (Worcester)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in WR1 (Worcester)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in WR1 (Worcester)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the WR1 (Worcester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WR1 postcode area since 1995.

Recent Sales in WR1 (Worcester)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 11, Gheluvelt Court, Brook Street, Worcester, Worcestershire, WR1 1JB£80,000£75,000-£5,00010 Jul 202406 Nov 2024119 Days
Flat 51, Gheluvelt Court, Brook Street, Worcester, Worcestershire, WR1 1JB£110,000£110,000£0024 May 202418 Oct 2024147 Days
40 Sandys Road, Worcester, Worcestershire, WR1 3HE£250,000£250,000£0025 Oct 202309 Oct 2024350 Days
Flat 11, Quay House, Lowesmoor Terrace, Worcester, Worcestershire, WR1 2RX£150,000£145,000-£5,00031 Jan 202404 Oct 2024247 Days
23 Shrubbery Road, Worcester, Worcestershire, WR1 1QR£270,000£252,000-£18,00001 Mar 202428 Aug 2024180 Days
Flat 43, Albion Mill, Portland Street, Diglis, Worcester, Worcestershire, WR1 2NY£170,000£165,000-£5,00030 Jan 202428 Aug 2024211 Days
7 Lowesmoor Terrace, Worcester, Worcestershire, WR1 2RX£205,000£205,000£0011 Mar 202416 Jul 2024127 Days
53 Sunnyside Road, Worcester, Worcestershire, WR1 1RJ£280,000£270,000-£10,00019 Jan 202410 Jul 2024173 Days
15 Sandys Road, Worcester, Worcestershire, WR1 3HE£270,000£270,000£0016 Apr 202405 Jul 202480 Days
30 Lyttleton Street, Worcester, Worcestershire, WR1 3JN£210,000£200,000-£10,00002 Jan 202401 Jul 2024181 Days
68 Lower Chestnut Street, Worcester, Worcestershire, WR1 1PD£250,000£240,000-£10,00012 Feb 202428 Jun 2024137 Days
12 Pitchcroft Lane, Worcester, Worcestershire, WR1 3JW£180,000£170,000-£10,00006 Feb 202424 Jun 2024139 Days
12 Ashcroft Road, Worcester, Worcestershire, WR1 3HX£250,000£249,950-£5013 Feb 202411 Jun 2024119 Days
88 Somers Road, Worcester, Worcestershire, WR1 3JJ£260,000£255,000-£5,00024 Nov 202322 May 2024180 Days
23 Sandys Road, Worcester, Worcestershire, WR1 3HE£290,000£290,000£0018 Jul 202317 May 2024304 Days
Flat 5, Gheluvelt Court, Brook Street, Worcester, Worcestershire, WR1 1JB£80,000£76,000-£4,00023 Oct 202314 May 2024204 Days
5 Barbourne Lane, Worcester, Worcestershire, WR1 3ET£325,000£325,000£0017 Nov 202330 Apr 2024165 Days
4 Sansome Mews, Worcester, Worcestershire, WR1 1PL£210,000£210,000£0029 Dec 202323 Apr 2024116 Days
41 Lowell Street, Worcester, Worcestershire, WR1 1NP£210,000£205,000-£5,00020 Oct 202319 Apr 2024182 Days
Flat 20, Gheluvelt Court, Brook Street, Worcester, Worcestershire, WR1 1JB£70,000£66,000-£4,00016 Nov 202316 Apr 2024152 Days

Most Expensive Streets in WR1 (Worcester)

PostcodeStreetAreaAverageNo. of Sales
WR1 1HXSt Georges SquareWorcester£859,0005
WR1 3JSBarbourne TerraceWorcester£743,2504
WR1 3DUAlbany TerraceWorcester£690,6663
WR1 3DGBritannia SquareWorcester£670,0004
WR1 1QNShrubbery AvenueWorcester£578,2504
WR1 2BZChamberlain CourtWorcester£552,5004
WR1 3LJBarbourne Court, Barbourne CrescentWorcester£423,5004
WR1 3EBStephenson RoadWorcester£418,3333
WR1 3FFPope Iron RoadWorcester£390,49411
WR1 3EXWaterworks RoadWorcester£358,0624

Least Expensive Streets in WR1 (Worcester)

PostcodeStreetAreaAverageNo. of Sales
WR1 1RGHomenash House, St Georges Lane NorthWorcester£74,61717
WR1 3NJBridge StreetWorcester£77,6427
WR1 1JBBrook StreetWorcester£90,86333
WR1 1EEForegate StreetWorcester£92,5833
WR1 1HTBarbourne RoadWorcester£94,3333
WR1 1DNForegate StreetWorcester£100,3333
WR1 3JYHarden Court, Thorneloe WalkWorcester£103,2506
WR1 2NAFriar StreetWorcester£106,5836
WR1 3LYBroad StreetWorcester£107,5004
WR1 2RXLowesmoor TerraceWorcester£108,38611

Explore WR1 (Worcester) using map