A TRIO of three-bedroom houses are on the market in Worcester for the less than £200,000 at a time when house prices are predicted to rise.

The homes popped up on Zoopla yesterday (Friday) just as the property website anticipates an “upward pressure” on the cost of buying thanks to supply not meeting a surge in demand.

Here are some of the latest to go on the market.

  • Three-bed terraced house, Saddlers Walk, Worcester – guide price £145,000 (auction)

Worcester News:

The description of the Brickfields house reads: “Situated close to local amenities, this family property is a great opportunity to purchase.

“Having hall, dining kitchen, sitting room, three bedrooms, bathroom and separate WC. To the front is a foregarden and it has a rear garden and en-bloc garage. The property benefits from no onward chain, gas fired central heating and double glazing.”

More details can be found here

  • Three-bed end terrace house, Canterbury Road, Worcester – guide price £160,000

Worcester News:

This Ronkswood home is described as being in “an extremely convenient location” for the city centre, the M5 and Worcestershire Royal Hospital.

It adds: “There are a variety of amenities locally including supermarkets, local schools and leisure facilities.

“The property is an end terraced home with huge potential for modernisation.

“To the rear of the property is a good-sized slabbed garden which offers low maintenance and a side pedestrian access via a wrought iron gate leads to the front of the property.”

More details can be found here

  • Three-bed terraced house, Wheelwright Close, Worcester – guide price £160,000

Worcester News:

Including a garage, downstairs toilet and “three good-sized bedrooms”, this one is available as a freehold but comes with an estate rent charge for the upkeep of communal grounds.

More details can be found here

Why are property prices rising?

Zoopla said the share of first-time buyers purchasing properties last year dipped to its lowest levels since 2016 last year but numbers now appear to be on the increase, with a 5 per cent spike in demand in the first six weeks of 2021 compared with the end of 2020.

Grainne Gilmore, head of research at Zoopla said: “The strong bounce in demand seen at the start of the year has been further boosted by increased numbers of first-time buyers active in the market.

“Many of these buyers will be taking advantage of the increased number of home loans now available for purchasers with smaller deposits.

“First-time buyers have no property to sell, so their increased activity in the market is further pushing up buyer demand ahead of supply.

“As the growth in demand continues to outstrip the supply of homes, it puts more upwards pressure on prices.”