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House Prices in WR5 House Prices in WR5 (Worcester)

The average house price in WR5 (Worcester) is £298,839 using HM Land Registry data.

The average property price increased by £31,498 (21.59%) over the last 5 years and increased by £6,311 (3.36%) over the last 12 months.

Over the last year, there were 380 residential property sales – a decrease of 117 transactions (-30.79%) relative to the previous year. The majority of house sales (86) were in the £272,000 - £328,000 range. Then came properties in the £216,000 - £272,000 range, where 81 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 128 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,713 (-2%).

In Dec 24, there were 28 new estate agency instructions, 32 agreed home sales and 15 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) - 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 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
10 Batsford Road, Worcester, Worcestershire, WR5 3RW£350,000£320,000-£30,00018 Jun 202422 Nov 2024157 Days
1 Portsmouth Close, Worcester, Worcestershire, WR5 1RX£200,000£198,000-£2,00006 Jul 202411 Nov 2024128 Days
31 Liverpool Road, Worcester, Worcestershire, WR5 1QW£275,000£275,000£0014 Jun 202411 Nov 2024150 Days
64 London Road, Worcester, Worcestershire, WR5 2DY£725,000£690,000-£35,00024 May 202308 Nov 2024534 Days
14 Perrywood Close, Worcester, Worcestershire, WR5 1EJ£285,000£285,000£0003 May 202407 Nov 2024188 Days
49 St Marks Close, Worcester, Worcestershire, WR5 3DJ£270,000£260,000-£10,00030 May 202405 Nov 2024159 Days
40 Deer Avenue, Worcester, Worcestershire, WR5 3TS£360,000£360,000£0002 Apr 202401 Nov 2024213 Days
11 Rainthorpe Avenue, Worcester, Worcestershire, WR5 3QT£295,000£295,000£0013 Jun 202431 Oct 2024140 Days
153 Bath Road, Worcester, Worcestershire, WR5 3AG£150,000£147,000-£3,00015 Jun 201525 Oct 20243420 Days
5 Sandpiper Close, Worcester, Worcestershire, WR5 3SF£200,000£195,000-£5,00008 May 202425 Oct 2024170 Days
Grove End, Bath Road, Broomhall, Worcester, Worcestershire, WR5 3HS£625,000£575,000-£50,00019 Mar 202418 Oct 2024213 Days
17 Primrose Crescent, Worcester, Worcestershire, WR5 3HQ£375,000£375,000£0010 Jun 202418 Oct 2024130 Days
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

Most Expensive Streets in WR5 (Worcester)

PostcodeStreetAreaAverageNo. of Sales
WR5 2BPBattenhall RoadWorcester£746,6663
WR5 2QUWoodbury Park, NortonWorcester£654,1663
WR5 2LRSpetchley RoadWorcester£587,8765
WR5 2BTBattenhall RoadWorcester£562,8577
WR5 3EYNorton CloseWorcester£554,5034
WR5 2AAGreen HillWorcester£553,2005
WR5 2REWalkers Lane, WhittingtonWorcester£546,6663
WR5 2SQLeslie Walk, WhittingtonWorcester£533,7504
WR5 2JLRed Hill LaneWorcester£529,1663
WR5 1PXSilverdale AvenueWorcester£528,0353

Least Expensive Streets in WR5 (Worcester)

PostcodeStreetAreaAverageNo. of Sales
WR5 1NFHamble CloseWorcester£92,7508
WR5 2EDLondon RoadWorcester£94,1005
WR5 2DJLondon RoadWorcester£116,7504
WR5 1EUSawmill CloseWorcester£118,5505
WR5 1HSHillside CloseWorcester£127,6005
WR5 2HFElmfield GardensWorcester£128,23018
WR5 2GNGotland RoadWorcester£130,0004
WR5 3EJBath RoadWorcester£141,1427
WR5 3HFKing Charles Court, Bath RoadWorcester£141,2004
WR5 2DXVictoria PlaceWorcester£143,3504

Explore WR5 (Worcester) using map

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