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Fernhill Heath House Prices Fernhill Heath House Prices

The average house price in Fernhill Heath is £715,000 using HM Land Registry data.

The average property price increased by £172,792 (57.1%) over the last 5 years and increased by £34,534 (7.83%) over the last 12 months.

Over the last year, there were 36 residential property sales – an increase of 4 transactions (11.11%) relative to the previous year. The majority of house sales (8) were in the £374,000 - £436,000 range. Then came properties in the £250,000 - £312,000 range, where 7 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 67 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,345 (-3%).

In April 2024, there were 7 new estate agency instructions, 5 agreed home sales and 2 property price reductions.

Neighbouring Areas: Worcester

Postcodes Covered: WR3

5-Year Average Property Prices in Fernhill Heath

57.1%

Property prices in Fernhill Heath increased by 57.1% 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 Fernhill Heath Over the Last Year

7.83%

Property prices in Fernhill Heath increased by 7.83% 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 Fernhill Heath - April 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 Fernhill Heath

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 Fernhill Heath

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 Fernhill Heath

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 Fernhill Heath since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Fernhill Heath area since 1995.

Recent Property Sales in Fernhill Heath

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
1 Finch Close, Claines, Worcester, Worcestershire, WR3 7NR£315,000£304,500-£10,50025 Sep 202308 Mar 2024165 Days
12 Perrycroft Close, Fernhill Heath, Worcester, Worcestershire, WR3 7UF£715,000£695,000-£20,00015 Jun 202212 Dec 2023545 Days
4 Shrawley Road, Fernhill Heath, Worcester, Worcestershire, WR3 7UQ£400,000£400,000£0024 May 202308 Nov 2023168 Days
4 Tamarisk Close, Claines, Worcester, Worcestershire, WR3 7LE£579,950£570,000-£9,95011 Jul 202301 Nov 2023113 Days
The Paddock, Okeys Lane, Fernhill Heath, Worcester, Worcestershire, WR3 8RL£465,000£453,000-£12,00015 Jun 202325 Oct 2023132 Days
98a, Droitwich Road, Fernhill Heath, Worcester, Worcestershire, WR3 8RA£399,950£395,000-£4,95015 May 202307 Sep 2023115 Days
1 Fearnal Close, Fernhill Heath, Worcester, Worcestershire, WR3 8RX£490,000£477,500-£12,50024 Mar 202317 Aug 2023146 Days
Ellerslie Villa, Droitwich Road, Fernhill Heath, Worcester, Worcestershire, WR3 8RJ£370,000£335,000-£35,00017 Feb 202303 Aug 2023167 Days
38 Agatha Gardens, Fernhill Heath, Worcester, Worcestershire, WR3 8PB£320,000£290,000-£30,00009 Sep 202203 Aug 2023328 Days
16 Fir Tree Road, Fernhill Heath, Worcester, Worcestershire, WR3 8RE£375,000£375,000£0025 Jan 202328 Jul 2023184 Days
3 Tapenhall Road, Fernhill Heath, Worcester, Worcestershire, WR3 7TR£270,000£270,000£0011 Apr 202319 Jul 202399 Days
1 Willow Close, Fernhill Heath, Worcester, Worcestershire, WR3 8RG£325,000£310,000-£15,00014 Mar 202330 Jun 2023108 Days
287 Droitwich Road, Claines, Worcester, Worcestershire, WR3 7SW£525,000£525,000£0009 Feb 202323 Jun 2023134 Days
5 Shrawley Road, Fernhill Heath, Worcester, Worcestershire, WR3 7UQ£399,950£380,000-£19,95016 Jan 202309 Jun 2023144 Days
2 Northfield Close, Fernhill Heath, Worcester, Worcestershire, WR3 7XB£335,000£330,000-£5,00027 Feb 202317 May 202379 Days
168 Droitwich Road, Fernhill Heath, Worcester, Worcestershire, WR3 7UA£500,000£480,000-£20,00002 Nov 202228 Apr 2023177 Days
Chantreys, Danes Green, Claines, Worcester, Worcestershire, WR3 7RU£580,000£560,000-£20,00001 Nov 202216 Mar 2023135 Days
7 Tamarisk Close, Claines, Worcester, Worcestershire, WR3 7LE£440,000£423,000-£17,00031 Oct 202220 Feb 2023112 Days
Hawthorn Lodge, Chestnut Close, Fernhill Heath, Worcester, Worcestershire, WR3 7SZ£600,000£590,000-£10,00025 Mar 202221 Dec 2022271 Days
4 Westfield Close, Fernhill Heath, Worcester, Worcestershire, WR3 7XF£275,000£250,000-£25,00025 Mar 202216 Sep 2022175 Days

Most Expensive Streets in Fernhill Heath

PostcodeStreetAreaAverageNo. of Sales
WR3 7FFHeddon GardensFernhill Heath£700,0003
WR3 7SHRosewood CloseFernhill Heath£681,6663
WR3 7SZChestnut CloseFernhill Heath£606,7995
WR3 7TZDroitwich RoadFernhill Heath£569,3333
WR3 7RUDanes GreenClaines£488,5008
WR3 7LFSundew CloseClaines£479,0003
WR3 7UJStation RoadFernhill Heath£463,3333
WR3 7LDTeasel WayClaines£462,2508
WR3 7TBOak Apple CloseFernhill Heath£455,8333
WR3 7TEDilmore LaneFernhill Heath£442,3333

Least Expensive Streets in Fernhill Heath

PostcodeStreetAreaAverageNo. of Sales
WR3 7XEWestfield RoadFernhill Heath£205,4287
WR3 8RTButchers WalkFernhill Heath£240,7508
WR3 7NNRobin DriveClaines£245,3333
WR3 7WDCheviot CloseFernhill Heath£248,5508
WR3 7UEMorton AvenueFernhill Heath£254,0003
WR3 7XFWestfield CloseFernhill Heath£258,7504
WR3 7TYTapenhall RoadFernhill Heath£259,9833
WR3 8RGWillow CloseFernhill Heath£273,3333
WR3 8RWIvy LaneFernhill Heath£283,2005
WR3 7ULDroitwich RoadFernhill Heath£289,1663

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