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House Prices in WR2 House Prices in WR2 (Worcester)

The average house price in WR2 (Worcester) is £339,750 using HM Land Registry data.

The average property price increased by £66,288 (28.88%) over the last 5 years and increased by £13,252 (4.27%) over the last 12 months.

Over the last year, there were 315 residential property sales – a decrease of 151 transactions (-47.94%) relative to the previous year. The majority of house sales (93) were in the £240,000 - £300,000 range. Then came properties in the £180,000 - £240,000 range, where 66 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 80 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,262 (-2%).

In June 2024, there were 74 new estate agency instructions, 59 agreed home sales and 29 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) - June 2024

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
135 Christine Avenue, Rushwick, Worcester, Worcestershire, WR2 5ST£290,000£290,000£0028 Feb 202414 May 202476 Days
41 Winsmore, Powick, Worcester, Worcestershire, WR2 4QY£325,000£325,000£0017 Nov 202330 Apr 2024165 Days
1 Walton Lane, Grimley, Worcester, Worcestershire, WR2 6LR£450,000£375,000-£75,00010 Aug 202312 Apr 2024246 Days
12 Kielder Rise, Worcester, Worcestershire, WR2 4HN£340,000£340,000£0019 Jan 202403 Apr 202475 Days
17 Great House Road, Worcester, Worcestershire, WR2 4HU£270,000£270,000£0005 Aug 202325 Mar 2024233 Days
8 Homefield Road, Worcester, Worcestershire, WR2 4AQ£360,000£357,000-£3,00009 Aug 202325 Mar 2024229 Days
41 Himbleton Road, Worcester, Worcestershire, WR2 6BA£325,000£320,000-£5,00010 Jan 202422 Mar 202472 Days
23 Sherwood Lane, Worcester, Worcestershire, WR2 4NU£500,000£495,000-£5,00009 Nov 202322 Mar 2024134 Days
14 Weir Lane, Worcester, Worcestershire, WR2 4AY£260,000£250,000-£10,00024 Nov 202322 Mar 2024119 Days
130 Comer Road, Worcester, Worcestershire, WR2 5JD£280,000£275,000-£5,00003 Jan 202419 Mar 202476 Days
74 Columbia Drive, Lower Wick, Worcester, Worcestershire, WR2 4XR£275,000£270,000-£5,00006 Sep 202312 Mar 2024188 Days
The Firs Bungalow, Crown East Lane, Lower Broadheath, Worcester, Worcestershire, WR2 6RH£550,000£540,000-£10,00012 Sep 202308 Mar 2024178 Days
28 Grange Lane, Rushwick, Worcester, Worcestershire, WR2 5TG£300,000£297,000-£3,00006 Jul 202329 Feb 2024238 Days
7 Beaver Close, Lower Wick, Worcester, Worcestershire, WR2 4EG£275,000£275,000£0020 Sep 202326 Feb 2024159 Days
23 Highfield, Callow End, Worcester, Worcestershire, WR2 4TP£265,000£250,000-£15,00016 Aug 202323 Feb 2024191 Days
6 Grosvenor Walk, Worcester, Worcestershire, WR2 5BJ£180,000£175,000-£5,00021 Nov 202320 Feb 202491 Days
235 Henwick Road, Worcester, Worcestershire, WR2 5PG£475,000£465,000-£10,00021 Oct 202320 Feb 2024122 Days
Sandfield, Bell Lane, Lower Broadheath, Worcester, Worcestershire, WR2 6RR£475,000£450,000-£25,00010 Mar 202320 Feb 2024347 Days
17 Jacomb Road, Lower Broadheath, Worcester, Worcestershire, WR2 6QW£315,000£315,000£0029 Jun 202314 Feb 2024230 Days
16 Jacomb Drive, Lower Broadheath, Worcester, Worcestershire, WR2 6SG£264,000£256,000-£8,00030 Sep 202313 Feb 2024136 Days

Most Expensive Streets in WR2 (Worcester)

PostcodeStreetAreaAverageNo. of Sales
WR2 4RQColletts Green, PowickWorcester£943,3333
WR2 6PZBraithwaite Close, HallowWorcester£739,3758
WR2 4SLBastonford, PowickWorcester£727,0254
WR2 4REKings End Road, PowickWorcester£663,7504
WR2 4NNMalvern RoadWorcester£663,3333
WR2 6RLBroadheath Common, Lower BroadheathWorcester£656,3754
WR2 6QXKenswick, Lower BroadheathWorcester£625,8333
WR2 4PJHill View RoadWorcester£624,9005
WR2 6RRBell Lane, Lower BroadheathWorcester£611,34613
WR2 6RGMartley Road, Lower BroadheathWorcester£599,8663

Least Expensive Streets in WR2 (Worcester)

PostcodeStreetAreaAverageNo. of Sales
WR2 5AJKing Charles PlaceWorcester£111,2504
WR2 5HTLapal CloseWorcester£115,0005
WR2 5DWBlakefield WalkWorcester£133,2374
WR2 5NWSt Clements CourtWorcester£138,2857
WR2 5HRIngles DriveWorcester£138,6005
WR2 5BWBromyard TerraceWorcester£141,2504
WR2 5NTHenwick RoadWorcester£142,40012
WR2 5FXBrook Court, Hadley PlaceWorcester£160,7818
WR2 5ATCinderella Court, Watery LaneWorcester£162,29011
WR2 5FWAshford RoadWorcester£167,5006

Explore WR2 (Worcester) using map

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