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House Prices in WR2 House Prices in WR2 (Worcester)

The average house price in WR2 (Worcester) is £298,761 using HM Land Registry data.

The average property price increased by £59,882 (28.88%) over the last 5 years and increased by £11,998 (4.27%) over the last 12 months.

Over the last year, there were 312 residential property sales – a decrease of 79 transactions (-25.32%) relative to the previous year. The majority of house sales (90) were in the £200,000 - £260,000 range. Then came properties in the £260,000 - £320,000 range, where 78 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 67 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,227 (-2%).

In Dec 24, there were 55 new estate agency instructions, 29 agreed home sales and 14 property price reductions.

Nearby Postcodes: , B49, B50, B60, B61, B96, CV37, DY10, DY11, DY13, DY14, GL19, GL20, GL54, GL55, GL56, HR6, HR7, HR8, SY8, WR1, WR10, WR11, WR12, WR13, WR14, WR15, WR3, WR4, WR5, WR6, WR7, WR8, WR9, WR99

5-Year Average Property Prices in WR2 (Worcester)

28.88%

Property prices in Worcester increased by 28.88% 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 WR2 (Worcester) Over the Last Year

4.27%

Property prices in Worcester increased by 4.27% 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 WR2 (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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 WR2 (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 WR2 (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 WR2 (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 WR2 (Worcester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WR2 postcode area since 1995.

Recent Sales in WR2 (Worcester)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
13 Comer Gardens, Worcester, Worcestershire, WR2 6JA£270,000£270,000£0030 Jul 202419 Nov 2024112 Days
20 Low Fold Close, Worcester, Worcestershire, WR2 5UE£300,000£295,000-£5,00020 Jun 202408 Nov 2024141 Days
8 Beaver Close, Lower Wick, Worcester, Worcestershire, WR2 4EG£280,000£265,000-£15,00021 Mar 202408 Nov 2024232 Days
58 Riverview Close, Worcester, Worcestershire, WR2 6DA£250,000£245,000-£5,00017 Jun 202401 Nov 2024137 Days
81 Monarch Drive, Worcester, Worcestershire, WR2 6ES£260,000£256,500-£3,50009 Jul 202431 Oct 2024114 Days
24 The Village, Powick, Worcester, Worcestershire, WR2 4QR£175,000£175,000£0020 May 202428 Oct 2024161 Days
10 Monarch Drive, Worcester, Worcestershire, WR2 6EP£275,000£272,500-£2,50001 May 202425 Oct 2024177 Days
105 Monarch Drive, Worcester, Worcestershire, WR2 6EU£240,000£240,000£0013 Jul 202425 Oct 2024104 Days
37 Nixon Court, Callow End, Worcester, Worcestershire, WR2 4UU£260,000£260,000£0018 Jan 202416 Aug 2024211 Days
11 The Spinney, Worcester, Worcestershire, WR2 6HL£299,950£295,000-£4,95025 Jan 202414 Aug 2024202 Days
38 Hardwicke Close, Worcester, Worcestershire, WR2 5NX£250,000£250,000£0007 Mar 202409 Aug 2024155 Days
6 Skinner Road, Worcester, Worcestershire, WR2 4JB£220,000£220,000£0002 Apr 202409 Aug 2024129 Days
4 Bloomfield Road, Worcester, Worcestershire, WR2 4JN£240,000£240,000£0008 Feb 202409 Aug 2024183 Days
12 Mcintyre Road, Worcester, Worcestershire, WR2 5LG£325,000£325,000£0005 Mar 202405 Aug 2024153 Days
14 Weyburn Close, Worcester, Worcestershire, WR2 4EA£285,000£281,250-£3,75020 May 202431 Jul 202472 Days
28 Woodstock Road, Worcester, Worcestershire, WR2 5NE£280,000£280,000£0029 Feb 202426 Jul 2024148 Days
37 Woodstock Road, Worcester, Worcestershire, WR2 5ND£265,000£265,000£0028 Mar 202419 Jul 2024113 Days
76 Foley Road, Worcester, Worcestershire, WR2 4NE£235,000£215,000-£20,00014 Feb 202405 Jul 2024142 Days
12 Hanbury Avenue, Worcester, Worcestershire, WR2 4JW£420,000£415,000-£5,00012 Feb 202402 Jul 2024141 Days
Mudwalls, Sinton Green, Hallow, Worcester, Worcestershire, WR2 6NT£600,000£580,000-£20,00030 Jan 202428 Jun 2024150 Days

Most Expensive Streets in WR2 (Worcester)

PostcodeStreetAreaAverageNo. of Sales
WR2 4RQColletts Green, PowickWorcester£943,3333
WR2 4SLBastonford, PowickWorcester£754,5254
WR2 6PZBraithwaite Close, HallowWorcester£739,3758
WR2 4REKings End Road, PowickWorcester£663,7504
WR2 4NNMalvern RoadWorcester£663,3333
WR2 6RLBroadheath Common, Lower BroadheathWorcester£656,3754
WR2 4UGBeauchamp Lane, Callow EndWorcester£652,3333
WR2 4PJHill View RoadWorcester£634,8754
WR2 6RRBell Lane, Lower BroadheathWorcester£626,13611
WR2 6QXKenswick, Lower BroadheathWorcester£625,8333

Least Expensive Streets in WR2 (Worcester)

PostcodeStreetAreaAverageNo. of Sales
WR2 5AJKing Charles PlaceWorcester£111,2504
WR2 5HTLapal CloseWorcester£115,0005
WR2 5HRIngles DriveWorcester£138,6005
WR2 5NWSt Clements CourtWorcester£144,6666
WR2 5BWBromyard TerraceWorcester£146,0005
WR2 5NTHenwick RoadWorcester£158,95411
WR2 5FXBrook Court, Hadley PlaceWorcester£160,7818
WR2 5ATCinderella Court, Watery LaneWorcester£168,65911
WR2 5FWAshford RoadWorcester£171,1119
WR2 4EWBransford RoadWorcester£172,0003

Explore WR2 (Worcester) using map

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