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House Prices in HR2

The average house price in HR2 (Hereford) is £278,742 using HM Land Registry data.

The average property price increased by £77,546 (24.72%) over the last 5 years and increased by £15,502 (3.76%) over the last 12 months.

Over the last year, there were 324 residential property sales – a decrease of 173 transactions (-53.40%) relative to the previous year. The majority of house sales (117) were in the £150,000 - £226,000 range. Then came properties in the £226,000 - £302,000 range, where 63 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 75 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,054 (-2%).

In June 2024, there were 66 new estate agency instructions, 59 agreed home sales and 34 property price reductions.

5-Year Average Property Prices in HR2 (Hereford)

24.72%

Property prices in Hereford increased by 24.72% 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 HR2 (Hereford) Over the Last Year

3.76%

Property prices in Hereford increased by 3.76% 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.

Property Market Heat Gauge for HR2 (Hereford) - June 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 HR2 (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 HR2 (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 HR2 (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 HR2 (Hereford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the HR2 postcode area since 1995.

Recent Sales in HR2 (Hereford)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
23 Chichester Close, Belmont, Hereford, Herefordshire, HR2 7YU	£197,950	£190,500	-£7,450	04 Dec 2023	07 May 2024	155 Days
37 Green Lane, Kingstone, Hereford, Herefordshire, HR2 9EX	£325,000	£310,000	-£15,000	27 Sep 2023	03 May 2024	219 Days
11 Pool Meadow, Much Dewchurch, Hereford, Herefordshire, HR2 8BG	£450,000	£427,500	-£22,500	05 Sep 2023	03 May 2024	241 Days
7 Wyedean Rise, Hereford, Herefordshire, HR2 7XZ	£320,000	£315,000	-£5,000	16 Dec 2023	22 Apr 2024	128 Days
1 Brook Farm Court, Belmont, Hereford, Herefordshire, HR2 7TY	£165,000	£160,000	-£5,000	29 Jun 2023	18 Apr 2024	294 Days
3 Manor Road, Hereford, Herefordshire, HR2 6HN	£259,500	£243,000	-£16,500	09 Oct 2023	17 Apr 2024	191 Days
25 Home Lane, Hereford, Herefordshire, HR2 7LT	£190,000	£185,000	-£5,000	19 Sep 2023	12 Apr 2024	206 Days
9 Flaxley Drive, Hereford, Herefordshire, HR2 7XQ	£204,950	£197,000	-£7,950	25 Jan 2024	05 Apr 2024	71 Days
5 Withybrook Close, Hereford, Herefordshire, HR2 6RD	£185,000	£180,000	-£5,000	26 Sep 2023	28 Mar 2024	184 Days
3 The Hawthorns, Hereford, Herefordshire, HR2 6SL	£279,950	£273,000	-£6,950	13 Jun 2023	28 Mar 2024	289 Days
4 Pembridge Close, Hereford, Herefordshire, HR2 7AD	£175,000	£175,000	£00	04 Oct 2023	27 Mar 2024	175 Days
74 Dorchester Way, Belmont, Hereford, Herefordshire, HR2 7ZP	£375,000	£375,000	£00	09 Oct 2023	26 Mar 2024	169 Days
11 Monkscroft Drive, Belmont, Hereford, Herefordshire, HR2 7XB	£325,000	£320,000	-£5,000	07 Aug 2023	22 Mar 2024	228 Days
50 Honddu Close, Hereford, Herefordshire, HR2 7NY	£218,500	£200,000	-£18,500	24 Jul 2023	22 Mar 2024	242 Days
88 Belmont Road, Hereford, Herefordshire, HR2 7JS	£270,000	£268,000	-£2,000	12 Sep 2023	18 Mar 2024	188 Days
29 Brook Farm Court, Belmont, Hereford, Herefordshire, HR2 7TY	£175,000	£170,000	-£5,000	01 Nov 2023	12 Mar 2024	132 Days
5 Monkton Place, St Weonards, Hereford, Herefordshire, HR2 8PE	£229,995	£227,000	-£2,995	21 Mar 2023	01 Mar 2024	346 Days
48 Wyedean Rise, Hereford, Herefordshire, HR2 7XZ	£375,000	£370,000	-£5,000	01 Apr 2023	26 Feb 2024	331 Days
16 Oak Field Road, Hereford, Herefordshire, HR2 6SD	£116,375	£116,375	£00	13 Jul 2023	23 Feb 2024	225 Days
18 Staddlestone Circle, Hereford, Herefordshire, HR2 6SB	£245,000	£235,000	-£10,000	23 Aug 2023	23 Feb 2024	184 Days

Most Expensive Streets in HR2 (Hereford)

Postcode	Street	Area	Average	No. of Sales
HR2 0QN	Newton St Margarets	Hereford	£947,333	3
HR2 6NG	Carey	Hereford	£681,666	3
HR2 0RL	Vowchurch	Hereford	£645,000	5
HR2 6PH	Holme Lacy	Hereford	£621,700	5
HR2 8LU	Three Ashes	Hereford	£591,666	3
HR2 8HY	Much Birch	Hereford	£589,541	12
HR2 9SY	Clehonger	Hereford	£570,000	4
HR2 0BL	Pontrilas	Hereford	£563,800	3
HR2 8EZ	Garway Hill	Hereford	£555,000	3
HR2 8EL	Wormelow	Hereford	£555,000	3

Least Expensive Streets in HR2 (Hereford)

Postcode	Street	Area	Average	No. of Sales
HR2 7TZ	Brook Farm Court, Belmont	Hereford	£89,991	6
HR2 7YN	St Theodors Court, Belmont	Hereford	£100,833	3
HR2 6EJ	St Charles Court, Lower Bullingham	Hereford	£109,900	5
HR2 7JJ	Springfield Avenue	Hereford	£116,666	3
HR2 7AD	Pembridge Close	Hereford	£120,250	4
HR2 7RQ	St Martins Avenue	Hereford	£123,333	3
HR2 6SH	Stable Drive	Hereford	£127,699	7
HR2 7EE	Treago Grove	Hereford	£128,800	5
HR2 7HS	Ethelstan Crescent	Hereford	£129,333	3
HR2 7HZ	Blakemore Close	Hereford	£133,928	7