Why Worcester Is the Perfect Place to Call Home 🏡 Market Updates and Things to Do!
Worcester, located on the banks of the River Severn, is a prime destination for those wanting a unique blend of historic charm and modern living. With its local businesses, a fast growing university (one of the fastest growing in the past 10 years, in fact 😁), and new investment opportunities, Worcester is capturing the attention of everyone from students and families to savvy investors.
This city offers an inviting mix of riverside living, cultural landmarks, and trendy restaurants, making it an ideal place to call home. Whether you're considering a move or a property investment, Worcester is well worth considering.
Property Market Updates for Worcester
The Worcester property market has been booming in recent years, with a surge of interest, especially from investors seeking opportunities in the city. The demand for HMO properties has skyrocketed, especially in popular areas like St. John’s and the city centre, making them prime spots for rental investments.
Current selling time in Worcester takes an average of 83 days, from listing to sold (home.co.uk 2024)🏡✨
- 🏡 Diverse housing options: Worcester offers a broad spectrum of housing choices, catering for various lifestyles and preferences. The city is home to beautiful Georgian townhouses with period features, perfect for those who appreciate character and history.
For those who prefer modern living, new build flats are available throughout the city, which often appeal to young professionals and first-time buyers. - 💰 Property values: So far in 2024, Worcester's property market shows encouraging trends. Despite a small decline in sales volume due to overall market adjustments, Worcester has retained steady property values with the average home price around £335,00, a minor decrease from previous years.
The rental market is also strong, with high demand pushing average monthly rents to £863, reflecting a 5% increase, according to Plumplot 2024.
What Worcester has to offer: Dining, nightlife, and attractions
- 🍽️ City centre cafes and restaurants: Worcester’s dining scene is booming, especially in Diglis, with spots like Piston Gin Distillery and The Anchor. In the city centre, Miller and Carter, The Botanist, All Bar One, and The Cosy Club are great dining options, making Worcester a great place for food and drink lovers.
- 🍻 Pubs and nightlife: Worcester’s pubs and nightlife offer something for everyone. Iconic spots like The Cardinals Hat, one of the oldest pubs in the area, and The Firefly, known for it's craft beers and live music, provide great settings for a night out - whether it's to enjoy a casual drink or soaking up the live music.
- 🤩 Things to do: Explore Worcester's rich history at Worcester Cathedral, or enjoy the scenic riverside walks and parks like Gheluvelt Park. For a bit of culture, visit local museums or take in the fun planned events throughout the year.