Droitwich

Area Guide For Droitwich

Droitwich is a town in northern Worcestershire, England, on the River Salwarpe. The town is arranged on enormous stores of salt, and salt has been extricated there since antiquated times. The characteristic Droitwich salt water contains 2½ lbs. of salt every gallon ten times stronger than ocean water and just matched by the Dead Sea. In Roman times the town was known as Salinae and was spotted at the intersection of a few Roman streets. Line development in 1847 uncovered Roman mosaic asphalts, and later unearthings uncovered a Roman estate or passage house around 40 meters (130 ft) long. Droitwich Lunatic Asylum was secured in 1791. Records at the Worcestershire County Record Office demonstrate its vicinity in 1837 to 1838. An advert in the Transactions of the Provincial Medical and Surgical Association, in 1844, records that Martin Ricketts, of Droitwich, was the Surgeon and Sir Charles Hastings from the Worcester Infirmary was the Physician. Droitwich remained a genuinely residential area until the 1960s.

 
 

Droitwich Map

Estimated Price: £244,706
Average Asking Price: £288,951
Price change in last one year: £14,795
Average Price Paid: £217,186
Average Rent Rates: £1,113

 
 

Property Prices Breakdown in Droitwich

Average Price for property in Droitwich is around £244,706 which varies based on type of property you are interested in and ranges from £336,454 for detached house to around £199,764 for semi-detached. Similarly terraced house is around £143,828 and a flat is worth £136,350. Values have been changing and have risen £324 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £826 in last 6 months, £14,795 in last 1 year, £19,983 in last 2 years, £27,182 in last 3 years, £18,620 in last 4 years and £31,109 in last 5 years.

Currently average asking price of a property in Droitwich is around £288,951 based on approximately 493 properties for sale. Same is the case with rental options based on 42 properties up for rent, average asking rent is around £1,113 per month.

Estimated property value in Droitwich is £244,706. Average asking price is £288,951 while average price paid is £225,765 which is up by £14,795 and Avg. asking rent £1,113.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 Droitwich area. In last 1 year alone average price buyer paid is around £225,765 based on approximately 493 sales in Droitwich area alone. If you compare it to last 3 years sales of 1,374 properties where buyers paid around £217,039. 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 £217,186 for 2,115 and average amount paid for purchase of approx. 2,717 properties sold in last 7 years comes to about £215,894 per sale.

 
 

Properties For Sale in Droitwich

 
 

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 £123,750, £171,156 for a 2 bedroom house, £210,198 for a 3 bedroom house, £382,596 for a 4 bedroom house and £472,331 for a 5 bedroom house. For a flat similarly the prices varies from £144,544 for a single bedroom to £149,743 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £350,000. To sum up the asking prices for properties in Droitwich it comes to around average £140,385 for 1 bedroom property, £158,844 for 2 bedroom, £213,051 for 3 bedroom, £382,596 for 4 bedroom and £472,331 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 £510 for 1 bedroom to £789 for 2 bedroom, £860 for 3 bedroom and £889 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £524. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £581. You should be generally be expecting around average £515 rent per month for single bedroom property, £664 for 2 bedroom, £860 for 3 bedroom and approximately £889 for 4 bedroom property in Droitwich area.

Popular Houses in Droitwich

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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