Area Guide For Worcester

Worcester (Listeni/ˈwʊstər/ WUUS-tər), formally known as the City of Worcester, is a city and region town of Worcestershire in the West Midlands of England. Worcester is arranged almost 17 miles (27 km) southwest of the southern suburbs of Birmingham and 23 miles (37 km) north of Gloucester, and has a surmised populace of 100,000 individuals. The River Severn goes through the center of the city, disregarded by the twelfth century Worcester Cathedral. The site of the last skirmish of the Civil War, Worcester was the place Oliver Cromwell's New Model Army vanquished King Charles II's Cavaliers, establishing the English Interregnum, the eleven-year period amid which England and Wales turned into a republic. Worcester was the home of Royal Worcester Porcelain and, for a lot of his life, the arranger Sir Edward Elgar.[1] It houses the Lea & Perrins processing plant where the customary Worcestershire Sauce is made, and is home to one of the UK's quickest developing colleges, the University of Worcester. Worcester has two stations, Worcester Foregate Street and Worcester Shrub Hill.


Worcester Map

Estimated Price: £241,336
Average Asking Price: £286,254
Price change in last one year: £11,249
Average Price Paid: £204,738
Average Rent Rates: £785


Property Prices Breakdown in Worcester

Average Price for property in Worcester is around £241,336 which varies based on type of property you are interested in and ranges from £345,652 for detached house to around £206,425 for semi-detached. Similarly terraced house is around £171,429 and a flat is worth £141,170. Values have been changing and have risen £1,188 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £847 in last 6 months, £11,249 in last 1 year, £23,370 in last 2 years, £26,613 in last 3 years, £21,567 in last 4 years and £27,949 in last 5 years.

Currently average asking price of a property in Worcester is around £286,254 based on approximately 1,971 properties for sale. Same is the case with rental options based on 459 properties up for rent, average asking rent is around £785 per month.

Estimated property value in Worcester is £241,336. Average asking price is £286,254 while average price paid is £214,767 which is up by £11,249 and Avg. asking rent £785.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Worcester area. In last 1 year alone average price buyer paid is around £214,767 based on approximately 1,971 sales in Worcester area alone. If you compare it to last 3 years sales of 5,657 properties where buyers paid around £204,098. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £204,738 for 8,978 and average amount paid for purchase of approx. 12,229 properties sold in last 7 years comes to about £202,377 per sale.


Properties For Sale in Worcester


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £148,329, £176,493 for a 2 bedroom house, £235,414 for a 3 bedroom house, £361,053 for a 4 bedroom house and £484,717 for a 5 bedroom house. For a flat similarly the prices varies from £99,085 for a single bedroom to £150,330 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £240,643 and £160,000 for a 5 bedroom flat. To sum up the asking prices for properties in Worcester it comes to around average £106,037 for 1 bedroom property, £165,707 for 2 bedroom, £235,512 for 3 bedroom, £361,053 for 4 bedroom and £479,394 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £366 for 1 bedroom to £672 for 2 bedrooms, £854 for 3 bedrooms, £956 for 4 bedrooms and £684 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £456. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £631, £750 for 3 bedroom and £390 for 5 bedroom. You should be generally be expecting around average £423 rent per month for single bedroom property, £649 for 2 bedroom, £851 for 3 bedroom, £956 for 4 bedroom and approximately £668 for a 5 bedroom property in Worcester area.

Popular Houses in Worcester

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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