FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in HR1

House Prices in HR1 House Prices in HR1 (Hereford)

The average house price in HR1 (Hereford) is £322,990 using HM Land Registry data.

The average property price increased by £57,833 (19.82%) over the last 5 years and increased by £11,588 (3.12%) over the last 12 months.

Over the last year, there were 316 residential property sales – a decrease of 143 transactions (-45.25%) relative to the previous year. The majority of house sales (79) were in the £222,000 - £294,000 range. Then came properties in the £294,000 - £366,000 range, where 61 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 44 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,370 (-2%).

In Oct 24, there were 70 new estate agency instructions, 63 agreed home sales and 54 property price reductions.

Nearby Postcodes: GL16, GL17, GL18, GL19, HR2, HR3, HR4, HR5, HR6, HR7, HR8, HR9, LD8, NP25, NP7, SY7, SY8, WR13, WR15, WR6

5-Year Average Property Prices in HR1 (Hereford)

19.82%

Property prices in Hereford increased by 19.82% 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 HR1 (Hereford) Over the Last Year

3.12%

Property prices in Hereford increased by 3.12% 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 HR1 (Hereford) - Oct 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 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 HR1 (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 HR1 (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 HR1 (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 HR1 (Hereford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the HR1 postcode area since 1995.

Recent Sales in HR1 (Hereford)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
34 Elgar Avenue, Hereford, Herefordshire, HR1 1TY£390,000£390,000£0020 Apr 202422 Aug 2024124 Days
35 Mill Street, Hereford, Herefordshire, HR1 2NX£275,000£271,500-£3,50023 Feb 202416 Aug 2024175 Days
11 Nelson Street, Hereford, Herefordshire, HR1 2NZ£350,000£340,000-£10,00024 Apr 202416 Aug 2024114 Days
11 Arrowsmith Avenue, Bartestree, Hereford, Herefordshire, HR1 4DW£465,000£465,000£0001 May 202415 Aug 2024106 Days
1 Ash Close, Marden, Hereford, Herefordshire, HR1 3EG£190,000£190,000£0020 Mar 202409 Aug 2024142 Days
14 Knightswood, Hereford, Herefordshire, HR1 1UZ£269,000£269,000£0001 May 202409 Aug 2024100 Days
1 Moreland Avenue, Hereford, Herefordshire, HR1 1BL£595,000£585,000-£10,00006 Jul 202309 Aug 2024400 Days
12 Daws Road, Hereford, Herefordshire, HR1 2JJ£220,000£217,000-£3,00026 Apr 202408 Aug 2024104 Days
210 Whittern Way, Hereford, Herefordshire, HR1 1QP£269,500£253,000-£16,50026 Sep 202301 Aug 2024310 Days
15 Rosemary Gardens, Hereford, Herefordshire, HR1 1UW£290,000£282,000-£8,00025 Apr 202431 Jul 202497 Days
255 Ledbury Road, Hereford, Herefordshire, HR1 1QN£400,000£400,000£0026 Apr 202426 Jul 202491 Days
75 Aylestone Hill, Hereford, Herefordshire, HR1 1HX£495,000£495,000£0014 May 202419 Jul 202466 Days
25 Brockington Drive, Hereford, Herefordshire, HR1 1TA£350,000£340,000-£10,00025 Jan 202419 Jul 2024176 Days
21 Nover Wood Drive, Fownhope, Hereford, Herefordshire, HR1 4PN£300,000£300,000£0009 Apr 202417 Jul 202499 Days
22 Biddulph Rise, Hereford, Herefordshire, HR1 1RA£295,000£295,000£0028 Mar 202412 Jul 2024106 Days
39 Queens Wood Drive, Hereford, Herefordshire, HR1 1AT£399,950£392,500-£7,45001 Sep 202301 Jul 2024304 Days
158 Kingsway, Hereford, Herefordshire, HR1 1HE£250,000£245,000-£5,00002 Apr 202428 Jun 202487 Days
2 Fieldway, Sutton St Nicholas, Hereford, Herefordshire, HR1 3BY£305,000£300,000-£5,00006 Mar 202428 Jun 2024114 Days
12 Hampton Street, Hereford, Herefordshire, HR1 2RA£235,000£235,000£0010 Apr 202428 Jun 202479 Days
1 Gorsty Lane, Hereford, Herefordshire, HR1 1UL£595,000£450,000-£145,00017 Aug 202328 Jun 2024316 Days

Most Expensive Streets in HR1 (Hereford)

PostcodeStreetAreaAverageNo. of Sales
HR1 1TJThe LaneHereford£867,4005
HR1 1JUCypress GardensHereford£725,8333
HR1 1THHampton Park RoadHereford£702,0005
HR1 1TQHampton Park RoadHereford£678,3333
HR1 1BTPenn Grove RoadHereford£671,2504
HR1 1TFThe ParkHereford£655,0003
HR1 2TPBodenham RoadHereford£643,90812
HR1 3NGEau WithingtonHereford£623,3333
HR1 4NACheckleyHereford£618,3333
HR1 4FPOrchard Lea, LugwardineHereford£615,1975

Least Expensive Streets in HR1 (Hereford)

PostcodeStreetAreaAverageNo. of Sales
HR1 2NTSt Owen Court, Mill Street, HerefordHereford£76,1357
HR1 2LPGuardian Court, Ferrers Street, HerefordHereford£93,00010
HR1 2EHWhitby House, Commercial Street, HerefordHereford£110,0007
HR1 1HAKingswayHereford£124,8336
HR1 1PLEastnor DriveHereford£128,4003
HR1 2SNBurrows CourtHereford£136,5717
HR1 1EZRegent GardensHereford£136,57613
HR1 2AFThe Embankment, Gaol Street, HerefordHereford£142,3758
HR1 2NPWye WayHereford£143,59510
HR1 1TZAngela CloseHereford£144,2005

Explore HR1 (Hereford) using map

Sell Your
House Fast
Property Auctions Herefordshire
Property Auctions Herefordshire
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark