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House Prices in HR4 House Prices in HR4 (Hereford)

The average house price in HR4 (Hereford) is £298,033 using HM Land Registry data.

The average property price increased by £60,110 (30.55%) over the last 5 years and increased by £12,017 (4.47%) over the last 12 months.

Over the last year, there were 313 residential property sales – a decrease of 194 transactions (-61.98%) relative to the previous year. The majority of house sales (73) were in the £184,000 - £248,000 range. Then came properties in the £248,000 - £312,000 range, where 64 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 74 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,888 (-3%).

In June 2024, there were 76 new estate agency instructions, 58 agreed home sales and 39 property price reductions.

Nearby Postcodes: HR1, HR2, HR3, HR5, HR6, HR7, HR8, HR9, LD2, LD3, LD8, NP25, NP7, SY7, SY8, WR15

5-Year Average Property Prices in HR4 (Hereford)

30.55%

Property prices in Hereford increased by 30.55% 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 HR4 (Hereford) Over the Last Year

4.47%

Property prices in Hereford increased by 4.47% 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 HR4 (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 HR4 (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 HR4 (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 HR4 (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 HR4 (Hereford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the HR4 postcode area since 1995.

Recent Sales in HR4 (Hereford)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
22 Bredon Drive, Hereford, Herefordshire, HR4 0TN£475,000£475,000£0022 Feb 202422 May 202490 Days
67 Ryelands Street, Hereford, Herefordshire, HR4 0LN£295,000£287,500-£7,50026 Feb 202413 May 202477 Days
Knoll House, Canon Pyon Road, Hereford, Herefordshire, HR4 7RB£995,000£975,000-£20,00023 Dec 202310 May 2024139 Days
56 Westfield Street, Hereford, Herefordshire, HR4 9PJ£310,000£300,000-£10,00009 Feb 202403 May 202484 Days
67 Chequers Close, Hereford, Herefordshire, HR4 9HY£199,500£197,500-£2,00010 Jan 202403 May 2024114 Days
6 Kempton Avenue, Hereford, Herefordshire, HR4 9LT£265,000£265,000£0021 Feb 202430 Apr 202469 Days
4 Everest Crescent, Hereford, Herefordshire, HR4 0RY£435,000£433,000-£2,00012 Mar 202419 Apr 202438 Days
102 Sandown Drive, Hereford, Herefordshire, HR4 9TB£339,500£335,000-£4,50019 Oct 202312 Apr 2024176 Days
75 Kings Acre Road, Hereford, Herefordshire, HR4 0RQ£475,000£470,000-£5,00027 Oct 202311 Apr 2024167 Days
76 Kempton Avenue, Hereford, Herefordshire, HR4 9TY£280,000£280,000£0003 Jan 202425 Mar 202482 Days
Flat 17, Red Lion Court, Victoria Street, Hereford, Herefordshire, HR4 0BZ£269,000£264,000-£5,00014 Jun 202322 Mar 2024282 Days
41 White Horse Square, Hereford, Herefordshire, HR4 0HD£227,500£205,000-£22,50020 Nov 202322 Mar 2024123 Days
51 Ecroyd Park, Credenhill, Hereford, Herefordshire, HR4 7EL£270,000£262,500-£7,50015 Sep 202315 Mar 2024182 Days
69 Kings Acre Road, Hereford, Herefordshire, HR4 0QL£329,950£329,950£0028 Oct 202313 Mar 2024137 Days
26 Carroll Avenue, Hereford, Herefordshire, HR4 0QW£265,000£265,000£0019 Oct 202322 Feb 2024126 Days
32 Hospital Houses, Burghill, Hereford, Herefordshire, HR4 7RE£290,000£285,500-£4,50013 Nov 202322 Feb 2024101 Days
3 Cranston Mews, Hereford, Herefordshire, HR4 0SJ£235,000£229,000-£6,00015 Sep 202321 Feb 2024159 Days
3 Chestnut Lane, Burghill, Hereford, Herefordshire, HR4 7QN£475,000£475,000£0026 Jun 202321 Feb 2024240 Days
39 Edgar Street, Hereford, Herefordshire, HR4 9JP£225,000£225,000£0017 Nov 202321 Feb 202496 Days
19 Victoria Court, Hereford, Herefordshire, HR4 0AW£370,000£370,000£0027 Oct 202316 Feb 2024112 Days

Most Expensive Streets in HR4 (Hereford)

PostcodeStreetAreaAverageNo. of Sales
HR4 7PGBreintonHereford£692,3336
HR4 8HWDilwynHereford£686,6663
HR4 8BTWesthopeHereford£680,0003
HR4 7QLSt Marys Lane, BurghillHereford£673,50010
HR4 8LDCrowmoor Lane, TillingtonHereford£661,6663
HR4 7RLBurghillHereford£631,5003
HR4 8FLOrchard View, WeobleyHereford£616,6663
HR4 9QWRoman Road, BobblestockHereford£615,0006
HR4 7QJKenchesterHereford£605,1663
HR4 8BUWesthopeHereford£596,9254

Least Expensive Streets in HR4 (Hereford)

PostcodeStreetAreaAverageNo. of Sales
HR4 9TPOatlands, Sandown DriveHereford£76,8754
HR4 0AAVictoria StreetHereford£90,6936
HR4 9QDCrest CourtHereford£94,28514
HR4 9TDNicholson CourtHereford£95,0009
HR4 9LXNicholson CourtHereford£96,6005
HR4 9NLNewbury CourtHereford£99,0005
HR4 0EJJamieson CourtHereford£106,1586
HR4 9TRLingfield WalkHereford£114,45411
HR4 0DAMundi Court, Friars Street, HerefordHereford£122,50014
HR4 0AQWatkins CourtHereford£125,53429

Explore HR4 (Hereford) using map

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