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House Prices in WR5

The average house price in WR5 (Worcester) is £244,718 using HM Land Registry data.

The average property price increased by £33,756 (21.59%) over the last 5 years and increased by £6,748 (3.36%) over the last 12 months.

Over the last year, there were 386 residential property sales – a decrease of 166 transactions (-43.01%) relative to the previous year. The majority of house sales (94) were in the £206,000 - £262,000 range. Then came properties in the £262,000 - £318,000 range, where 85 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 55 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,708 (-2%).

In June 2024, there were 66 new estate agency instructions, 54 agreed home sales and 42 property price reductions.

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.

Property Market Heat Gauge for WR5 (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 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 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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
36 Deer Avenue, Worcester, Worcestershire, WR5 3TS	£340,000	£340,000	£00	02 Aug 2023	20 May 2024	292 Days
Beech House, Church Lane, Norton, Worcester, Worcestershire, WR5 2PS	£895,000	£875,000	-£20,000	13 Nov 2023	14 May 2024	183 Days
11 Wells Road, Worcester, Worcestershire, WR5 1NN	£115,000	£105,000	-£10,000	26 Dec 2023	10 May 2024	136 Days
32 Byfield Rise, Worcester, Worcestershire, WR5 1BA	£219,000	£214,000	-£5,000	18 Sep 2023	07 May 2024	232 Days
9 Sebright Avenue, Worcester, Worcestershire, WR5 2HH	£225,000	£150,000	-£75,000	13 Apr 2021	01 May 2024	1114 Days
49 Arundel Drive, Worcester, Worcestershire, WR5 2HU	£435,000	£430,000	-£5,000	09 May 2023	01 May 2024	358 Days
15 Primrose Crescent, Worcester, Worcestershire, WR5 3HQ	£325,000	£315,000	-£10,000	02 Nov 2023	30 Apr 2024	180 Days
2 Bolston Road, Worcester, Worcestershire, WR5 2JE	£290,000	£290,000	£00	31 Jan 2024	30 Apr 2024	90 Days
4 Arden Road, Worcester, Worcestershire, WR5 3BD	£325,000	£320,000	-£5,000	30 Nov 2023	25 Apr 2024	147 Days
3 Tench Close, Worcester, Worcestershire, WR5 3FE	£375,000	£363,000	-£12,000	27 Dec 2023	24 Apr 2024	119 Days
36 Meadow Close, Kempsey, Worcester, Worcestershire, WR5 3NL	£300,000	£297,500	-£2,500	26 Dec 2023	23 Apr 2024	119 Days
63 Cavendish Street, Worcester, Worcestershire, WR5 3DX	£210,000	£192,000	-£18,000	17 Oct 2023	16 Apr 2024	182 Days
59 Chelmsford Drive, Worcester, Worcestershire, WR5 1QX	£275,000	£270,000	-£5,000	04 Nov 2023	03 Apr 2024	151 Days
143 Battenhall Road, Worcester, Worcestershire, WR5 2BU	£510,000	£490,000	-£20,000	24 Oct 2023	22 Mar 2024	150 Days
31 Grayling Close, Broomhall, Worcester, Worcestershire, WR5 3HY	£315,000	£315,000	£00	23 Oct 2023	22 Mar 2024	151 Days
41 Cannon Street, Worcester, Worcestershire, WR5 2JP	£375,000	£370,000	-£5,000	18 May 2023	20 Mar 2024	307 Days
21 Stoneleigh Close, St Peters, Worcester, Worcestershire, WR5 3RQ	£400,000	£400,000	£00	24 Oct 2023	15 Mar 2024	143 Days
25 Framlingham Close, Worcester, Worcestershire, WR5 3RE	£210,000	£205,000	-£5,000	14 Oct 2023	15 Mar 2024	153 Days
23 Larkspur Road, Worcester, Worcestershire, WR5 3RU	£200,000	£200,000	£00	07 Nov 2023	08 Mar 2024	122 Days
10 Heath Drive, Worcester, Worcestershire, WR5 3TD	£300,000	£298,000	-£2,000	03 Nov 2023	04 Mar 2024	122 Days

Most Expensive Streets in WR5 (Worcester)

Postcode	Street	Area	Average	No. of Sales
WR5 2BP	Battenhall Road	Worcester	£704,500	4
WR5 2LR	Spetchley Road	Worcester	£598,595	4
WR5 2BT	Battenhall Road	Worcester	£553,571	7
WR5 2RE	Walkers Lane, Whittington	Worcester	£546,666	3
WR5 3EY	Norton Close	Worcester	£541,764	5
WR5 2SQ	Leslie Walk, Whittington	Worcester	£533,750	4
WR5 2JL	Red Hill Lane	Worcester	£529,166	3
WR5 1PX	Silverdale Avenue	Worcester	£528,035	3
WR5 2AT	Green Hill	Worcester	£522,000	4
WR5 2AW	The Hill Avenue	Worcester	£492,777	9

Least Expensive Streets in WR5 (Worcester)

Postcode	Street	Area	Average	No. of Sales
WR5 1NF	Hamble Close	Worcester	£88,125	8
WR5 2ED	London Road	Worcester	£90,750	4
WR5 1EU	Sawmill Close	Worcester	£118,550	5
WR5 1HS	Hillside Close	Worcester	£122,000	4
WR5 2HF	Elmfield Gardens	Worcester	£126,569	18
WR5 3LJ	Kings Hill, Kempsey	Worcester	£129,625	4
WR5 2GN	Gotland Road	Worcester	£131,666	3
WR5 1BA	Byfield Rise	Worcester	£137,472	11
WR5 3HF	King Charles Court, Bath Road	Worcester	£141,200	4
WR5 2DX	Victoria Place	Worcester	£141,880	5