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House Prices in WR3 House Prices in WR3 (Worcester)

The average house price in WR3 (Worcester) is £304,750 using HM Land Registry data.

The average property price increased by £62,830 (28.68%) over the last 5 years and increased by £12,560 (4.25%) over the last 12 months.

Over the last year, there were 234 residential property sales – a decrease of 103 transactions (-44.02%) relative to the previous year. The majority of house sales (55) were in the £234,000 - £308,000 range. Then came properties in the £160,000 - £234,000 range, where 47 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 77 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,345 (-3%).

In June 2024, there were 43 new estate agency instructions, 32 agreed home sales and 18 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) - 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 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
10 Bromsgrove Street, Worcester, Worcestershire, WR3 8AR£189,950£182,500-£7,45022 Sep 202324 May 2024245 Days
38 Victoria Street, Worcester, Worcestershire, WR3 7BD£295,000£290,000-£5,00003 Feb 202408 May 202495 Days
97 Drovers Way, Worcester, Worcestershire, WR3 8QN£230,000£227,000-£3,00017 Jan 202410 Apr 202484 Days
35 Penbury Street, Worcester, Worcestershire, WR3 7JD£375,000£374,000-£1,00009 Aug 202327 Mar 2024231 Days
8 Beech Avenue, Worcester, Worcestershire, WR3 8PZ£950,000£950,000£0021 Aug 202326 Mar 2024218 Days
9 Sundew Close, Claines, Worcester, Worcestershire, WR3 7LF£465,000£455,000-£10,00010 Nov 202321 Mar 2024132 Days
7 Dorothy Crescent, Worcester, Worcestershire, WR3 7DD£285,000£267,000-£18,00021 Sep 202318 Mar 2024179 Days
19 Belmont Street, Worcester, Worcestershire, WR3 8NN£200,000£200,000£0028 Mar 202214 Mar 2024717 Days
1 Finch Close, Claines, Worcester, Worcestershire, WR3 7NR£315,000£304,500-£10,50025 Sep 202308 Mar 2024165 Days
21 Friesland Close, Worcester, Worcestershire, WR3 8QL£400,000£400,000£0009 Feb 202429 Feb 202420 Days
24 Turrall Street, Worcester, Worcestershire, WR3 8AJ£150,000£148,000-£2,00005 Oct 202328 Feb 2024146 Days
17 Southdown Road, Worcester, Worcestershire, WR3 8HX£130,000£124,500-£5,50011 Oct 202327 Feb 2024139 Days
13 Ombersley Road, Worcester, Worcestershire, WR3 7BW£390,000£368,000-£22,00009 Jun 202320 Feb 2024256 Days
9 Spring Bank, Hindlip, Worcester, Worcestershire, WR3 8SD£475,000£450,000-£25,00011 Sep 202320 Feb 2024162 Days
4 Marion Close, Worcester, Worcestershire, WR3 7LP£240,000£235,000-£5,00023 May 202313 Feb 2024266 Days
2 Zermatt Close, Worcester, Worcestershire, WR3 7NQ£350,000£350,000£0021 Aug 202313 Feb 2024176 Days
19 Penbury Street, Worcester, Worcestershire, WR3 7JD£260,000£240,000-£20,00004 Aug 202301 Feb 2024181 Days
3 Coley Close, Fernhill Heath, Worcester, Worcestershire, WR3 7WF£525,000£525,000£0027 Jun 202329 Jan 2024216 Days
Martin Cottage, Church Lane, Martin Hussingtree, Worcester, Worcestershire, WR3 8TQ£875,000£840,000-£35,00005 Oct 202327 Jan 2024114 Days
53 Bishops Avenue, Worcester, Worcestershire, WR3 8XA£250,000£250,000£0021 Jul 202324 Jan 2024187 Days

Most Expensive Streets in WR3 (Worcester)

PostcodeStreetAreaAverageNo. of Sales
WR3 8TQChurch Lane, Martin HussingtreeWorcester£844,3333
WR3 7AGPark View TerraceWorcester£700,0003
WR3 7SHRosewood Close, Fernhill HeathWorcester£681,6663
WR3 7FFHeddon Gardens, Fernhill HeathWorcester£670,6254
WR3 7APRedcliffe StreetWorcester£656,6355
WR3 8PZBeech AvenueWorcester£645,0003
WR3 7EFNorthwick CloseWorcester£617,3333
WR3 7SZChestnut Close, Fernhill HeathWorcester£606,7995
WR3 7ESLime Gardens, BevereWorcester£587,5004
WR3 7TZDroitwich Road, Fernhill HeathWorcester£569,3333

Least Expensive Streets in WR3 (Worcester)

PostcodeStreetAreaAverageNo. of Sales
WR3 7JUChecketts Court, Droitwich RoadWorcester£113,8005
WR3 7HWPinewood House, Coombs RoadWorcester£130,6005
WR3 8AYRaglan StreetWorcester£135,1005
WR3 8HXSouthdown RoadWorcester£137,3005
WR3 8LNLansdowne RiseWorcester£138,6254
WR3 7ATBarbourne Works, Northwick AvenueWorcester£140,06819
WR3 7QJSky CourtWorcester£140,7916
WR3 8NSMayfield RoadWorcester£151,7779
WR3 7LGDroitwich RoadWorcester£152,6818
WR3 8JHLansdowne CrescentWorcester£153,8333

Explore WR3 (Worcester) using map

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