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Bromyard House Prices Bromyard House Prices

The average house price in Bromyard is £255,166 using HM Land Registry data.

The average property price increased by £60,781 (30%) over the last 5 years and increased by £12,148 (4.83%) over the last 12 months.

Over the last year, there were 47 residential property sales – a decrease of 13 transactions (-27.66%) relative to the previous year. The majority of house sales (11) were in the £186,000 - £232,000 range. Then came properties in the £140,000 - £186,000 range, where 10 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 112 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,000 (-3%).

In April 2024, there were 11 new estate agency instructions, 7 agreed home sales and 7 property price reductions.

Postcodes Covered: HR7

5-Year Average Property Prices in Bromyard

30%

Property prices in Bromyard increased by 30% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Bromyard Over the Last Year

4.83%

Property prices in Bromyard increased by 4.83% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Bromyard - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Bromyard

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Bromyard

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Bromyard

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Bromyard since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Bromyard area since 1995.

Recent Property Sales in Bromyard

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
11 Hardwick Close, Bromyard, Herefordshire, HR7 4TY£225,000£212,500-£12,50011 May 202325 Jan 2024259 Days
26 Stonehill Drive, Bromyard, Herefordshire, HR7 4XB£340,000£320,000-£20,00006 Dec 202307 Dec 20231 Days
84 Old Road, Bromyard, Herefordshire, HR7 4BQ£269,950£262,000-£7,95006 Jul 202305 Dec 2023152 Days
12 Oak Close, Bromyard, Herefordshire, HR7 4LJ£210,000£199,000-£11,00028 Apr 202317 Nov 2023203 Days
26 Firs Orchard, Bromyard, Herefordshire, HR7 4BB£299,995£292,500-£7,49526 May 202317 Nov 2023175 Days
48 Old Road, Bromyard, Herefordshire, HR7 4BQ£150,000£141,000-£9,00030 Jun 202327 Oct 2023119 Days
25 York Road, Bromyard, Herefordshire, HR7 4BE£175,000£169,000-£6,00005 Apr 202326 Sep 2023174 Days
29 Ash Crescent, Bromyard, Herefordshire, HR7 4QG£175,000£175,000£0013 May 202301 Sep 2023111 Days
5 Bramley Orchards, Bromyard, Herefordshire, HR7 4UT£300,000£292,500-£7,50027 Feb 202330 Aug 2023184 Days
Janray, Lower Hardwick Lane, Winslow, Bromyard, Herefordshire, HR7 4LN£495,000£495,000£0017 Apr 202311 Aug 2023116 Days
37 Old Road, Bromyard, Herefordshire, HR7 4BQ£179,950£179,950£0002 Mar 202313 Jul 2023133 Days
5 Linton Lane, Bromyard, Herefordshire, HR7 4DQ£500,000£480,000-£20,00023 Nov 202202 Jun 2023191 Days
5 Flaggoners Close, Bromyard, Herefordshire, HR7 4TZ£249,950£237,500-£12,45016 Sep 202205 May 2023231 Days
8 Flaggoners Close, Bromyard, Herefordshire, HR7 4TZ£180,000£175,000-£5,00007 Feb 202305 May 202387 Days
5 Bannut Tree Estate, Bromyard, Herefordshire, HR7 4AS£235,000£220,000-£15,00013 Oct 202231 Jan 2023110 Days
3 Pinetree Close, Bromyard, Herefordshire, HR7 4HL£338,000£295,000-£43,00006 Aug 202223 Jan 2023170 Days
2 Market Square, Bromyard, Herefordshire, HR7 4BP£550,000£535,000-£15,00005 May 202218 Nov 2022197 Days
48 Bannut Tree Estate, Bromyard, Herefordshire, HR7 4AS£200,000£185,000-£15,00017 May 202223 Sep 2022129 Days
25 Ash Crescent, Bromyard, Herefordshire, HR7 4QG£155,000£152,000-£3,00012 Apr 202209 Sep 2022150 Days
12 Wye Avenue, Bromyard, Herefordshire, HR7 4TS£230,000£230,000£0015 Jun 202209 Sep 202286 Days

Most Expensive Streets in Bromyard

PostcodeStreetAreaAverageNo. of Sales
HR7 4DQLinton LaneBromyard£486,4005
HR7 4DGHighwell LaneBromyard£415,0003
HR7 4BFAshfield WayBromyard£354,0003
HR7 4ANNew RoadBromyard£328,6663
HR7 4XBStonehill DriveBromyard£312,04910
HR7 4AZLower ThornBromyard£307,5559
HR7 4ENLower WestfieldsBromyard£300,5003
HR7 4ALJenks OrchardNew Road£298,3754
HR7 4XDStonehill CloseBromyard£288,2374
HR7 4DLSherford StreetBromyard£287,9005

Least Expensive Streets in Bromyard

PostcodeStreetAreaAverageNo. of Sales
HR7 4BXPump StreetBromyard£108,8754
HR7 4AEHigh StreetBromyard£110,4287
HR7 4EBCruxwell StreetBromyard£139,8333
HR7 4DEOld Ditch CloseBromyard£151,1568
HR7 4BEYork RoadBromyard£159,1666
HR7 4TNWinslow RoadBromyard£160,1905
HR7 4TZFlaggoners CloseBromyard£167,5006
HR7 4AWClover TerraceBromyard£172,6119
HR7 4QGAsh CrescentBromyard£172,6878
HR7 4TYHardwick CloseBromyard£183,2147

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