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House Prices in WR3 House Prices in WR3 (Worcester)

The average house price in WR3 (Worcester) is £272,250 using HM Land Registry data.

The average property price increased by £71,998 (28.68%) over the last 5 years and increased by £14,426 (4.25%) over the last 12 months.

Over the last year, there were 216 residential property sales – a decrease of 85 transactions (-39.35%) relative to the previous year. The majority of house sales (67) were in the £234,000 - £308,000 range. Then came properties in the £160,000 - £234,000 range, where 45 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,355 (-2%).

In Dec 24, there were 32 new estate agency instructions, 21 agreed home sales and 11 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, WR2, WR4, WR5, WR6, WR7, WR8, WR9, WR99

5-Year Average Property Prices in WR3 (Worcester)

28.68%

Property prices in Worcester increased by 28.68% 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 WR3 (Worcester) Over the Last Year

4.25%

Property prices in Worcester increased by 4.25% 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 WR3 (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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 WR3 (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 WR3 (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 WR3 (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 WR3 (Worcester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WR3 postcode area since 1995.

Recent Sales in WR3 (Worcester)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
14 Ferndale Close, Worcester, Worcestershire, WR3 7QU£350,000£350,000£0003 Jun 202419 Nov 2024169 Days
Tanglemead, Okeys Lane, Fernhill Heath, Worcester, Worcestershire, WR3 8RL£350,000£350,000£0013 Jul 202418 Nov 2024128 Days
26 Farm Close, Worcester, Worcestershire, WR3 8HJ£270,000£260,000-£10,00006 Jun 202408 Nov 2024155 Days
15 Laslett Street, Worcester, Worcestershire, WR3 8JS£235,000£225,000-£10,00016 Jul 202407 Nov 2024114 Days
7 New Bank Street, Worcester, Worcestershire, WR3 8AN£245,000£245,000£0025 Jul 202425 Oct 202492 Days
33 Checketts Lane, Worcester, Worcestershire, WR3 7JW£280,000£275,000-£5,00029 Apr 202421 Oct 2024175 Days
54 Leabank Drive, Worcester, Worcestershire, WR3 7QZ£270,000£268,000-£2,00013 Jun 202418 Oct 2024127 Days
10 Firlands Close, Fernhill Heath, Worcester, Worcestershire, WR3 7UN£525,000£515,000-£10,00022 May 202418 Oct 2024149 Days
6 Saunders Street, Worcester, Worcestershire, WR3 7ED£191,000£191,000£0003 Jul 202410 Oct 202499 Days
15 Yew Tree Lane, Fernhill Heath, Worcester, Worcestershire, WR3 8RF£290,000£290,000£0016 Jan 202407 Oct 2024265 Days
42 Green Lane, Worcester, Worcestershire, WR3 8NY£230,000£220,000-£10,00022 May 202401 Oct 2024132 Days
56 Crown Street, Worcester, Worcestershire, WR3 8BJ£220,000£217,000-£3,00016 May 202414 Aug 202490 Days
43 Dorothy Crescent, Worcester, Worcestershire, WR3 7DD£300,000£295,000-£5,00028 Mar 202409 Aug 2024134 Days
40 Fairbairn Avenue, Worcester, Worcestershire, WR3 7JH£265,000£265,000£0003 May 202409 Aug 202498 Days
13 Wilfred Close, Worcester, Worcestershire, WR3 8XQ£200,000£200,000£0026 Apr 202405 Aug 2024101 Days
336 Ombersley Road, Worcester, Worcestershire, WR3 7HE£400,000£395,000-£5,00002 Mar 202426 Jul 2024146 Days
10 Rossendale Close, Fernhill Heath, Worcester, Worcestershire, WR3 7PU£525,000£525,000£0029 Apr 202408 Jul 202470 Days
14 Woodland Road, Worcester, Worcestershire, WR3 8HH£300,000£295,000-£5,00005 Feb 202404 Jul 2024150 Days
4 Westfield Close, Fernhill Heath, Worcester, Worcestershire, WR3 7XF£370,000£325,000-£45,00026 Mar 202428 Jun 202494 Days
3 Sorrel Close, Claines, Worcester, Worcestershire, WR3 7LL£350,000£350,000£0020 Nov 202326 Jun 2024219 Days

Most Expensive Streets in WR3 (Worcester)

PostcodeStreetAreaAverageNo. of Sales
WR3 8TQChurch Lane, Martin HussingtreeWorcester£844,3333
WR3 7EFNorthwick CloseWorcester£767,4005
WR3 7SHRosewood Close, Fernhill HeathWorcester£681,6663
WR3 7FFHeddon Gardens, Fernhill HeathWorcester£659,5005
WR3 8PZBeech AvenueWorcester£645,0003
WR3 7APRedcliffe StreetWorcester£639,3754
WR3 7AGPark View TerraceWorcester£633,0004
WR3 7RENorthwick Road, BevereWorcester£628,8029
WR3 7SZChestnut Close, Fernhill HeathWorcester£617,3336
WR3 7ESLime Gardens, BevereWorcester£587,5004

Least Expensive Streets in WR3 (Worcester)

PostcodeStreetAreaAverageNo. of Sales
WR3 7JUChecketts Court, Droitwich RoadWorcester£121,7504
WR3 7HWPinewood House, Coombs RoadWorcester£134,3336
WR3 8HXSouthdown RoadWorcester£137,3005
WR3 8LNLansdowne RiseWorcester£138,6254
WR3 7QJSky CourtWorcester£138,9647
WR3 7ATBarbourne Works, Northwick AvenueWorcester£142,05315
WR3 8NSMayfield RoadWorcester£145,3339
WR3 7LGDroitwich RoadWorcester£157,1818
WR3 7HPWhinfield GardensWorcester£159,6663
WR3 8AYRaglan StreetWorcester£164,5836

Explore WR3 (Worcester) using map

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