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Hereford House Prices Hereford House Prices

The average house price in Hereford is £241,892 using HM Land Registry data.

The average property price increased by £61,352 (29.1%) over the last 5 years and increased by £12,262 (4.72%) over the last 12 months.

Over the last year, there were 661 residential property sales – a decrease of 286 transactions (-43.27%) relative to the previous year. The majority of house sales (162) were in the £182,000 - £234,000 range. Then came properties in the £234,000 - £286,000 range, where 125 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 48 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,626 (-2%).

In April 2024, there were 149 new estate agency instructions, 97 agreed home sales and 59 property price reductions.

Postcodes Covered: HR1, HR2, HR4

5-Year Average Property Prices in Hereford

29.1%

Property prices in Hereford increased by 29.1% 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 Hereford Over the Last Year

4.72%

Property prices in Hereford increased by 4.72% 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 Hereford - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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 Hereford

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 Hereford

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 Hereford

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 Hereford since 1995

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

Recent Property Sales in Hereford

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
69 Kings Acre Road, Hereford, Herefordshire, HR4 0QL£329,950£329,950£0028 Oct 202313 Mar 2024137 Days
29 Brook Farm Court, Belmont, Hereford, Herefordshire, HR2 7TY£175,000£170,000-£5,00001 Nov 202312 Mar 2024132 Days
91 Quarry Road, Hereford, Herefordshire, HR1 1ST£350,000£340,000-£10,00024 Oct 202327 Feb 2024126 Days
5 Church Road, Hereford, Herefordshire, HR1 1RP£395,000£380,000-£15,00010 May 202326 Feb 2024292 Days
77 Queensway, Hereford, Herefordshire, HR1 1HF£265,000£256,000-£9,00026 Aug 202326 Feb 2024184 Days
16 Oak Field Road, Hereford, Herefordshire, HR2 6SD£116,375£116,375£0013 Jul 202323 Feb 2024225 Days
26 Carroll Avenue, Hereford, Herefordshire, HR4 0QW£265,000£265,000£0019 Oct 202322 Feb 2024126 Days
7 Brook Farm Court, Belmont, Hereford, Herefordshire, HR2 7TZ£105,000£100,000-£5,00026 May 202319 Feb 2024269 Days
43 Pilley Road, Hereford, Herefordshire, HR1 1NB£325,000£315,000-£10,00017 Oct 202316 Feb 2024122 Days
4 Britten Close, Hereford, Herefordshire, HR1 2TT£280,000£267,500-£12,50002 Nov 202316 Feb 2024106 Days
20 Oulton Avenue, Belmont, Hereford, Herefordshire, HR2 7YX£269,950£266,000-£3,95019 Sep 202316 Feb 2024150 Days
26 Lichfield Avenue, Hereford, Herefordshire, HR1 2RJ£370,000£360,000-£10,00026 Oct 202315 Feb 2024112 Days
63 Eign Road, Hereford, Herefordshire, HR1 2RU£215,000£211,500-£3,50015 Sep 202315 Feb 2024153 Days
6 Orchard Gardens, Hereford, Herefordshire, HR2 6DZ£215,000£185,000-£30,00001 Aug 202312 Feb 2024195 Days
9 The Shires, Lower Bullingham, Hereford, Herefordshire, HR2 6EY£161,500£160,000-£1,50023 Oct 202309 Feb 2024109 Days
31 Brockington Drive, Hereford, Herefordshire, HR1 1TA£343,000£335,000-£8,00010 Nov 202308 Feb 202490 Days
15 Grantham Close, Belmont, Hereford, Herefordshire, HR2 7ZG£189,950£177,500-£12,45005 Aug 202307 Feb 2024186 Days
40 Ryelands Street, Hereford, Herefordshire, HR4 0LB£328,000£328,000£0007 Oct 202307 Feb 2024123 Days
49 Crest Court, Hereford, Herefordshire, HR4 9QD£105,000£105,000£0020 Oct 202306 Feb 2024109 Days
38 Ingram Avenue, Hereford, Herefordshire, HR4 9RD£110,000£110,000£0003 Nov 202305 Feb 202494 Days

Most Expensive Streets in Hereford

PostcodeStreetAreaAverageNo. of Sales
HR1 1TJThe LaneHereford£789,2504
HR1 1JUCypress GardensHereford£712,5003
HR1 1JDWalney LaneHereford£698,6663
HR1 1TQHampton Park RoadHereford£678,3333
HR1 1BTPenn Grove RoadHereford£671,2504
HR1 1TFThe ParkHereford£641,2504
HR4 9QWRoman RoadBobblestock£615,0006
HR1 1SGHafod RoadHereford£570,55010
HR1 2TPBodenham RoadHereford£559,12615
HR1 1THHampton Park RoadHereford£552,5004

Least Expensive Streets in Hereford

PostcodeStreetAreaAverageNo. of Sales
HR1 1GRHawthornden HouseRed Norman Rise£69,8333
HR1 2NTSt Owen CourtMill Street, Hereford£74,3256
HR4 9TPOatlandsSandown Drive£76,8754
HR2 6SEBroomfield WalkHereford£85,5003
HR2 7TZBrook Farm CourtBelmont£89,9916
HR4 0AAVictoria StreetHereford£90,6936
HR4 9QDCrest CourtHereford£94,28514
HR4 9LXNicholson CourtHereford£94,8336
HR4 9TDNicholson CourtHereford£95,0009
HR1 2LPGuardian CourtFerrers Street, Hereford£95,20010

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