FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in WR5

House Prices in WR5 House Prices in WR5 (Worcester)

The average house price in WR5 (Worcester) is £269,778 using HM Land Registry data.

The average property price increased by £34,888 (21.59%) over the last 5 years and increased by £6,990 (3.36%) over the last 12 months.

Over the last year, there were 347 residential property sales – a decrease of 156 transactions (-44.96%) relative to the previous year. The majority of house sales (80) were in the £272,000 - £328,000 range. Then came properties in the £216,000 - £272,000 range, where 77 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 69 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,708 (-2%).

In Oct 24, there were 75 new estate agency instructions, 75 agreed home sales and 34 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, WR3, WR4, WR6, WR7, WR8, WR9, WR99

5-Year Average Property Prices in WR5 (Worcester)

21.59%

Property prices in Worcester increased by 21.59% 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 WR5 (Worcester) Over the Last Year

3.36%

Property prices in Worcester increased by 3.36% 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 WR5 (Worcester) - Oct 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 WR5 (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 WR5 (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 WR5 (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 WR5 (Worcester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WR5 postcode area since 1995.

Recent Sales in WR5 (Worcester)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
6 Larkspur Road, Worcester, Worcestershire, WR5 3RU£299,500£285,000-£14,50003 Jan 202414 Aug 2024224 Days
6 Ely Close, Worcester, Worcestershire, WR5 1JX£315,000£310,000-£5,00021 Mar 202412 Aug 2024144 Days
184 London Road, Worcester, Worcestershire, WR5 2JT£290,000£288,000-£2,00026 Feb 202408 Aug 2024164 Days
16 Dunkirk Drive, Brockhill Village, Worcester, Worcestershire, WR5 2SG£360,000£350,000-£10,00018 Mar 202402 Aug 2024137 Days
10 Hamilton Road, Worcester, Worcestershire, WR5 1AG£280,000£270,000-£10,00004 Jul 202302 Aug 2024395 Days
2 Elmfield Gardens, Worcester, Worcestershire, WR5 2HF£140,000£137,500-£2,50022 Jan 202431 Jul 2024191 Days
13 Massey Drive, Worcester, Worcestershire, WR5 1TN£300,000£300,000£0021 May 202426 Jul 202466 Days
6 Chapel Road, Kempsey, Worcester, Worcestershire, WR5 3JT£340,000£325,000-£15,00031 Aug 202326 Jul 2024330 Days
12 Kingfisher Close, Worcester, Worcestershire, WR5 3RY£290,000£290,000£0024 Apr 202426 Jul 202493 Days
10 Malham Place, Worcester, Worcestershire, WR5 3UP£225,000£225,000£0027 Mar 202426 Jul 2024121 Days
17 Elmfield Gardens, Worcester, Worcestershire, WR5 2HF£140,000£136,150-£3,85027 Oct 202325 Jul 2024272 Days
126 Cavendish Street, Worcester, Worcestershire, WR5 3DX£220,000£210,000-£10,00013 Feb 202424 Jul 2024162 Days
2 Chub Close, Worcester, Worcestershire, WR5 3FG£370,000£365,000-£5,00027 Feb 202419 Jul 2024143 Days
16 Camberwell Drive, Worcester, Worcestershire, WR5 3TN£140,000£136,500-£3,50020 Aug 202312 Jul 2024327 Days
31 Kennet Green, Worcester, Worcestershire, WR5 1JQ£175,000£175,000£0017 Jan 202411 Jul 2024176 Days
49 Dace Road, Broomhall, Worcester, Worcestershire, WR5 3FD£350,000£350,000£0029 Mar 202409 Jul 2024102 Days
39 Peninsula Road, Brockhill Village, Worcester, Worcestershire, WR5 2SE£290,000£290,000£0020 Feb 202405 Jul 2024136 Days
28 Otter Lane, Worcester, Worcestershire, WR5 3PQ£160,000£147,500-£12,50015 Jan 202404 Jul 2024171 Days
214 Bath Road, Worcester, Worcestershire, WR5 3ER£260,000£250,000-£10,00016 Nov 202301 Jul 2024228 Days
1 Draycote Close, Worcester, Worcestershire, WR5 3SY£325,000£325,000£0012 Oct 202328 Jun 2024260 Days

Most Expensive Streets in WR5 (Worcester)

PostcodeStreetAreaAverageNo. of Sales
WR5 2BPBattenhall RoadWorcester£746,6663
WR5 2LRSpetchley RoadWorcester£598,5954
WR5 2BTBattenhall RoadWorcester£562,8577
WR5 2AAGreen HillWorcester£553,2005
WR5 2REWalkers Lane, WhittingtonWorcester£546,6663
WR5 3EYNorton CloseWorcester£541,7645
WR5 2SQLeslie Walk, WhittingtonWorcester£533,7504
WR5 2JLRed Hill LaneWorcester£529,1663
WR5 1PXSilverdale AvenueWorcester£528,0353
WR5 2ATGreen HillWorcester£522,0004

Least Expensive Streets in WR5 (Worcester)

PostcodeStreetAreaAverageNo. of Sales
WR5 1NFHamble CloseWorcester£92,7508
WR5 2EDLondon RoadWorcester£94,1005
WR5 1EUSawmill CloseWorcester£118,5505
WR5 1HSHillside CloseWorcester£127,6005
WR5 2HFElmfield GardensWorcester£128,23018
WR5 2GNGotland RoadWorcester£131,6663
WR5 1BAByfield RiseWorcester£137,47211
WR5 3EJBath RoadWorcester£141,0008
WR5 3HFKing Charles Court, Bath RoadWorcester£141,2004
WR5 2DXVictoria PlaceWorcester£141,8805

Explore WR5 (Worcester) using map

Sell Your
House Fast
Property Auctions Worcestershire
Property Auctions Worcestershire
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark