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House Prices in HR1 House Prices in HR1 (Hereford)

The average house price in HR1 (Hereford) is £371,427 using HM Land Registry data.

The average property price increased by £58,407 (19.82%) over the last 5 years and increased by £11,700 (3.12%) over the last 12 months.

Over the last year, there were 359 residential property sales – a decrease of 89 transactions (-24.79%) relative to the previous year. The majority of house sales (98) were in the £238,000 - £316,000 range. Then came properties in the £160,000 - £238,000 range, where 76 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 150 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,969 (-2%).

In January 2025, there were 50 new estate agency instructions, 36 agreed home sales and 20 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 HR1 (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 HR1 (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) - January 2025

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 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
7 Frome Court, Bartestree, Hereford, Herefordshire, HR1 4DX£235,000£228,000-£7,00022 Nov 202313 Dec 2024387 Days
128 Quarry Road, Hereford, Herefordshire, HR1 1SX£318,500£300,000-£18,50002 Aug 202413 Dec 2024133 Days
59 Church Croft, Fownhope, Hereford, Herefordshire, HR1 4PL£325,000£305,000-£20,00031 May 202411 Dec 2024194 Days
22 Vineyard Road, Hereford, Herefordshire, HR1 1TT£750,000£725,000-£25,00022 May 202404 Dec 2024196 Days
9 Rosemary Gardens, Hereford, Herefordshire, HR1 1UW£285,000£282,500-£2,50004 Jun 202403 Dec 2024182 Days
24 Turnberry Drive, Holmer, Hereford, Herefordshire, HR1 1LP£325,000£320,000-£5,00018 Jul 202403 Dec 2024138 Days
104 Queensway, Hereford, Herefordshire, HR1 1HQ£225,000£200,000-£25,00001 May 202429 Nov 2024212 Days
6 Clarksons Lane, Hereford, Herefordshire, HR1 1RN£645,000£638,000-£7,00016 Jul 202429 Nov 2024136 Days
25 Loder Drive, Hereford, Herefordshire, HR1 1DS£450,000£450,000£012 Jun 202427 Nov 2024168 Days
1 Carless Close, Hereford, Herefordshire, HR1 1NS£385,000£385,000£018 Jun 202425 Nov 2024160 Days
95 Park Street, Hereford, Herefordshire, HR1 2RE£227,500£225,000-£2,50023 Jul 202422 Nov 2024122 Days
9 Rosemaund Drive, Preston Wynne, Hereford, Herefordshire, HR1 3PF£325,000£321,000-£4,00001 May 202422 Nov 2024205 Days
79 Withies Close, Withington, Hereford, Herefordshire, HR1 3PS£250,000£250,000£026 Jun 202420 Nov 2024147 Days
33 Loder Drive, Hereford, Herefordshire, HR1 1DS£350,000£350,000£009 Oct 202319 Nov 2024407 Days
86 Walkers Green, Marden, Hereford, Herefordshire, HR1 3EA£340,000£333,000-£7,00020 Jun 202415 Nov 2024148 Days
Meadow Croft, Attwood Lane, Holmer, Hereford, Herefordshire, HR1 1LJ£575,000£560,000-£15,00016 Aug 202414 Nov 202490 Days
5 Winchester Avenue, Hereford, Herefordshire, HR1 1QJ£310,000£290,000-£20,00018 Jul 202408 Nov 2024113 Days
Flat 4, The Embankment, Gaol Street, Hereford, Herefordshire, HR1 2AF£150,000£148,000-£2,00010 May 202407 Nov 2024181 Days
236 Ledbury Road, Hereford, Herefordshire, HR1 1QD£345,000£345,000£030 Apr 202431 Oct 2024184 Days
9 St Peters Close, Lugwardine, Hereford, Herefordshire, HR1 4AT£525,000£510,000-£15,00012 Jul 202431 Oct 2024111 Days

Most Expensive Streets in HR1 (Hereford)

PostcodeStreetAreaAverageNo. of Sales
HR1 1TJThe LaneHereford£998,2504
HR1 1JUCypress GardensHereford£725,8333
HR1 1TTVineyard RoadHereford£685,0003
HR1 1THHampton Park RoadHereford£685,0006
HR1 1TFThe ParkHereford£675,6663
HR1 1TQHampton Park RoadHereford£675,0004
HR1 1BTPenn Grove RoadHereford£664,5005
HR1 4BYBartestreeHereford£638,0005
HR1 2TPBodenham RoadHereford£630,15812
HR1 3NGEau WithingtonHereford£623,3333

Least Expensive Streets in HR1 (Hereford)

PostcodeStreetAreaAverageNo. of Sales
HR1 2NTSt Owen Court, Mill Street, HerefordHereford£77,2378
HR1 2LPGuardian Court, Ferrers Street, HerefordHereford£93,00010
HR1 2PRSt Owen StreetHereford£100,0003
HR1 2EHWhitby House, Commercial Street, HerefordHereford£109,3758
HR1 1HAKingswayHereford£124,8336
HR1 1PLEastnor DriveHereford£128,4003
HR1 2SNBurrows CourtHereford£136,0006
HR1 1EZRegent GardensHereford£136,57613
HR1 1TZAngela CloseHereford£144,2005
HR1 2AFThe Embankment, Gaol Street, HerefordHereford£146,10010

Explore HR1 (Hereford) using map

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