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Hereford House Prices Hereford House Prices

The average house price in Hereford is £268,302 using HM Land Registry data.

The average property price increased by £54,449 (24.65%) over the last 5 years and increased by £10,910 (4.13%) over the last 12 months.

Over the last year, there were 655 residential property sales – a decrease of 211 transactions (-32.21%) relative to the previous year. The majority of house sales (146) were in the £234,000 - £286,000 range. Then came properties in the £182,000 - £234,000 range, where 144 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 99 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,194 (-2%).

In Dec 24, there were 38 new estate agency instructions, 58 agreed home sales and 36 property price reductions.

Postcodes Covered: HR1, HR2, HR4

5-Year Average Property Prices in Hereford

24.65%

Property prices in Hereford increased by 24.65% 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

4.13%

Property prices in Hereford increased by 4.13% 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 - Dec 24

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 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
95 Park Street, Hereford, Herefordshire, HR1 2RE£227,500£225,000-£2,50023 Jul 202422 Nov 2024122 Days
111 Dorchester Way, Belmont, Hereford, Herefordshire, HR2 7ZW£385,000£385,000£0024 Mar 202422 Nov 2024243 Days
33 Loder Drive, Hereford, Herefordshire, HR1 1DS£350,000£350,000£0009 Oct 202319 Nov 2024407 Days
21 The Shires, Lower Bullingham, Hereford, Herefordshire, HR2 6EY£190,000£180,000-£10,00028 Aug 202418 Nov 202482 Days
7 Greyfriars Avenue, Hereford, Herefordshire, HR4 0BE£265,000£240,000-£25,00013 Apr 202418 Nov 2024219 Days
Little Orchard, Roman Road, Three Elms, Hereford, Herefordshire, HR4 9QN£365,000£360,000-£5,00023 May 202418 Nov 2024179 Days
12 Arran Avenue, Hereford, Herefordshire, HR2 6BT£285,000£275,000-£10,00012 Jul 202415 Nov 2024126 Days
15 St Martins Avenue, Hereford, Herefordshire, HR2 7RQ£169,950£169,500-£45004 Jul 202415 Nov 2024134 Days
3 Benedict Close, Belmont, Hereford, Herefordshire, HR2 7XP£275,000£270,000-£5,00028 Mar 202415 Nov 2024232 Days
Meadow Croft, Attwood Lane, Holmer, Hereford, Herefordshire, HR1 1LJ£575,000£560,000-£15,00016 Aug 202414 Nov 202490 Days
3 Ripon Walk, Hereford, Herefordshire, HR4 9UF£199,950£195,000-£4,95020 Jun 202412 Nov 2024145 Days
48 Marlowe Drive, Hereford, Herefordshire, HR4 0JL£250,000£240,000-£10,00015 May 202411 Nov 2024180 Days
5 Winchester Avenue, Hereford, Herefordshire, HR1 1QJ£310,000£290,000-£20,00018 Jul 202408 Nov 2024113 Days
35 Cider Press Drive, Hereford, Herefordshire, HR2 6RN£295,000£295,000£0014 Jun 202408 Nov 2024147 Days
Flat 4, The Embankment, Gaol Street, Hereford, Herefordshire, HR1 2AF£150,000£148,000-£2,00010 May 202407 Nov 2024181 Days
50 Whitefriars Road, Hereford, Herefordshire, HR2 7XF£305,000£300,000-£5,00016 May 202401 Nov 2024169 Days
236 Ledbury Road, Hereford, Herefordshire, HR1 1QD£345,000£345,000£0030 Apr 202431 Oct 2024184 Days
31 Link Road, Hereford, Herefordshire, HR1 1BG£260,000£252,000-£8,00016 May 202430 Oct 2024167 Days
21 Penn Grove Road, Hereford, Herefordshire, HR1 1BH£535,000£530,000-£5,00012 Mar 202430 Oct 2024232 Days
3 Copsewood Drive, Hereford, Herefordshire, HR1 1AX£400,000£396,000-£4,00008 Oct 202429 Oct 202421 Days

Most Expensive Streets in Hereford

PostcodeStreetAreaAverageNo. of Sales
HR1 1TJThe LaneHereford£998,2504
HR1 1JUCypress GardensHereford£725,8333
HR4 9QWRoman RoadBobblestock£722,1427
HR1 1THHampton Park RoadHereford£685,0006
HR1 1TFThe ParkHereford£675,6663
HR1 1TQHampton Park RoadHereford£675,0004
HR1 1BTPenn Grove RoadHereford£664,5005
HR1 2TPBodenham RoadHereford£630,15812
HR1 1SGHafod RoadHereford£573,58312
HR1 1LJAttwood LaneHolmer£547,0003

Least Expensive Streets in Hereford

PostcodeStreetAreaAverageNo. of Sales
HR4 9TPOatlandsSandown Drive£76,8754
HR1 2NTSt Owen CourtMill Street, Hereford£77,2378
HR2 6SEBroomfield WalkHereford£85,8163
HR2 7TZBrook Farm CourtBelmont£91,6188
HR1 2LPGuardian CourtFerrers Street, Hereford£93,00010
HR4 9QDCrest CourtHereford£96,29112
HR4 9TDNicholson CourtHereford£99,1119
HR4 9LXNicholson CourtHereford£100,1254
HR2 7YNSt Theodors CourtBelmont£100,8333
HR4 0AAVictoria StreetHereford£103,0533

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