Worcestershire’s ‘property hotspots’ have been revealed by new analysis of the property market.
PropCast, which is described as a house-selling weather forecast, has released its first quarterly National Hotspot Index.
This reveals the easiest and hardest locations to sell a property in England, Wales and Scotland by region, county, city and postcode district.
PropCast analysed the number of ‘Sold subject to contract (STC)’ and ‘Under Offer’ properties as a percentage of ‘Total Stock’ for sale, to determine whether an area is a buyers’ or sellers’ market.
Areas with the largest percentage of properties sold are in the most demand from buyers, indicating a hot sellers’ market where it is quicker and easier to sell.
PropCast uses degrees to represent the percentage of sold properties in each postcode.
The hottest postcode in Worcester, according to the analysis, is WR4, which includes the Brickfields, Long Meadow, Berkeley Beverborne and Trotshill areas of the city.
Properties for sale on Rightmove in WR4, which has a ‘market temperature’ of 80 degrees, include a four-bedroom home in Snowberry Avenue on the market for £400,000.
WR2, which includes St John’s, Dines Green, Powick and Rushwick, is second on the list at 78 degrees. The WR5 postcode, which covers Red Hill, Whittington and Kempsey is third at 77 degrees.
WR6, a rural postcode stretching from Abberley and Great Witley in the north to Bishop’s Frome and Bransford in the south, is the least ‘hot’ according to the index but at 53 is still very much classed as a seller’s market.
We found a 10-bedroom country house for sale in Shrawley, in WR6, priced at £5.5 million.
Gavin Brazg, creator of PropCast, said: “In sellers’ markets, buyers are less sensitive to price, but they are still careful.
“Intelligent and strategic pricing will make sure you create maximum demand for your home and achieve the best price.
“Chat to your chosen estate agent about which one of the following three strategies suits your property and circumstances: pricing below, at or above fair market value.
“For the latter, uniqueness and/or rarity is key, however. The more unique or rare your property, the more chance there is of snagging a buyer quickly for the best possible price.”
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here