THE average house price in Malvern has risen significantly in the last year.

This is according to Matt Nicol, managing director of Nicol and Co, which has branches in Malvern, Worcester and Droitwich.

According to data from Dataloft, the average house price in the town has risen by nearly 10 per cent since 2021, with a 9.6 per cent increase to £283,000.

Mr Nicol said: "Average house prices have increased significantly across the county in the last 12 months, with Malvern rising 9.6 per cent to £283,000, Droitwich up 6.4 per cent to £277,700 and Worcester up 6.2 per cent to £241,400.

"In such a dynamic market, if you are considering a move it’s important to know what your budget is, whether that’s getting an updated valuation on your existing home or checking out the latest mortgage deals on offer."

He added the rise in sales and prices is a sign of the industry bouncing back from the pandemic.

Elsewhere in the county, Worcester house prices have increased in Worcester by 6.2 per cent rising to an average of £241,400.

Mr Nicol explained that the local lettings picture was fluctuating over the last twelve months, with the following statistics:

  • Malvern 6.4 per cent ahead at £803
  • Worcester, 7 per cent up with a monthly rental average of £761
  • Droitwich down slightly to £755

In the last 12 months, 4,940 residential properties have been sold which is a 49 per cent increase.

The biggest increase in sales was seen in Worcester which had seen over 50 per cent more sales while in Droitwich it has only risen by 17 per cent.

Sales data across the county reads as follows:

Worcester, 54 per cent - up to 2,122

Malvern, 45 per cent - up to 723

Droitwich, 17 per cent - up to 489

Sophie Mann, branch partner at Connells Malvern, said: "With longer, lighter days and better weather, we usually see the property market warm up too. Spring has always been a great time to sell a house, and this year looks set to be no different.

"The property market is already very busy – with twice as many buyers as sellers – so anyone wishing to sell their home this year should think seriously about getting it on the market soon to make the most of the increased buyer activity and give their property the best chance to sell.

"If you’re thinking of moving, we would recommend having a spruce up and ensuring that your property is looking its best to go onto the market.

"This will attract more buyers and ensure you achieve the best price possible for your home when it is sold. 

"If you would like to see how we can help you make the most of the seasonal surge in activity, don’t hesitate to contact us or pop into our branch to see how we can assist."