House prices in WR5 1 (Worcester)

This article reveals price per square metre data and various charts to help you understand current housing market in 'WR5 1' (Worcester) - statistics were last calculated on 30 August 2024.

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Defining 'WR5 1'

This analysis is limited to properties whose postcode starts with "WR5 1", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Worcester.

You can click on the map to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Worcester is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 31, Kennet Green, Worcester, sold for £175,000 on Jul-2024. Given the internal area of 51 square metres, the price per sqm is £3,431.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 145 sales in Worcester (WR5 1) that took place in the last two years.

Generate a custom chart like the one above but based on your own criteria.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Worcester (WR5 1). Of the 145 transactions, half were sold for between £2,380 and £3,430 per square metre. The median, or 'middle', price per square metre in 'WR5 1' is £2,880. Notably, only 25% of properties that sold recently were valued at more than £3,430 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Worcester

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Worcester. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Worcester

Comparison with neighbouring postcode sectors

The table below shows how 'WR5 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
WR5 2 Worcester	£2,780 sqm	£3,210 sqm	£3,800 sqm
WR5 1 Worcester	£2,380 sqm	£2,880 sqm	£3,430 sqm
WR5 3 Worcester	£3,010 sqm	£3,370 sqm	£3,820 sqm

Will Worcester house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for WR5 1 (Worcester) compared with both the wider area WR5 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Worcester to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Worcester and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

Street level data

Street	Avg size	Avg £sqm	Recent sales
Wylds Lane, Worcester, WR5 1D	103 sqm	£2,164	24
Victoria Avenue, Worcester, WR5 1E	104 sqm	£2,386	21
Popert Drive, Worcester, WR5 1S	91 sqm	£3,127	14
Newtown Road, Worcester, WR5 1H	76 sqm	£2,766	13
Vincent Road, Worcester, WR5 1A	77 sqm	£2,292	10
Chelmsford Drive, Worcester, WR5 1Q	61 sqm	£3,420	9
Spring Lane, Worcester, WR5 1A	54 sqm	£2,968	9
Canterbury Road, Worcester, WR5 1P	93 sqm	£1,891	8

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Oakmont Drive, Worcester, WR5 1P	163 sqm	£2,974	19
Augusta Drive, Worcester, WR5 1T	154 sqm	£2,813	16

Oakmont Drive, Worcester, WR5 1P has seen 19 new build sales in the last 4 years (average price £481,697). These new build homes typically have an internal area of 163 sqm, with an average price of £2,974 sqm. This £sqm average is £94 above the average for WR5 1. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Worcester is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	sqm	£/sqm
31, Kennet Green, Worcester	£175,000 Jul-2024	51	3,431
176, Wylds Lane, Worcester	£465,000 Jun-2024	154	3,019
14, Richmond Rd, Worcester	£205,000 Jun-2024	90	2,277

See the entire list of all sales in Worcester (WR5 1) here.