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House Prices in HR7

The average house price in HR7 (Bromyard) is £459,983 using HM Land Registry data.

The average property price increased by £83,230 (40.53%) over the last 5 years and increased by £16,639 (5.57%) over the last 12 months.

Over the last year, there were 61 residential property sales – a decrease of 35 transactions (-57.38%) relative to the previous year. The majority of house sales (22) were in the £170,000 - £262,000 range. Then came properties in the £262,000 - £354,000 range, where 14 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 41 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,000 (-3%).

In June 2024, there were 21 new estate agency instructions, 17 agreed home sales and 14 property price reductions.

5-Year Average Property Prices in HR7 (Bromyard)

40.53%

Property prices in Bromyard increased by 40.53% 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 HR7 (Bromyard) Over the Last Year

5.57%

Property prices in Bromyard increased by 5.57% 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 HR7 (Bromyard) - 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 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 HR7 (Bromyard)

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 HR7 (Bromyard)

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 HR7 (Bromyard)

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 HR7 (Bromyard) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the HR7 postcode area since 1995.

Recent Sales in HR7 (Bromyard)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
The Willows, Valley View, Bredenbury, Bromyard, Herefordshire, HR7 4UJ	£340,000	£330,000	-£10,000	12 Sep 2023	30 Apr 2024	231 Days
11 Hardwick Close, Bromyard, Herefordshire, HR7 4TY	£225,000	£212,500	-£12,500	11 May 2023	25 Jan 2024	259 Days
7 Springfield, Pencombe, Bromyard, Herefordshire, HR7 4ST	£415,000	£400,000	-£15,000	19 Aug 2023	11 Dec 2023	114 Days
26 Stonehill Drive, Bromyard, Herefordshire, HR7 4XB	£340,000	£320,000	-£20,000	06 Dec 2023	07 Dec 2023	1 Days
84 Old Road, Bromyard, Herefordshire, HR7 4BQ	£269,950	£262,000	-£7,950	06 Jul 2023	05 Dec 2023	152 Days
12 Oak Close, Bromyard, Herefordshire, HR7 4LJ	£210,000	£199,000	-£11,000	28 Apr 2023	17 Nov 2023	203 Days
26 Firs Orchard, Bromyard, Herefordshire, HR7 4BB	£299,995	£292,500	-£7,495	26 May 2023	17 Nov 2023	175 Days
48 Old Road, Bromyard, Herefordshire, HR7 4BQ	£150,000	£141,000	-£9,000	30 Jun 2023	27 Oct 2023	119 Days
25 York Road, Bromyard, Herefordshire, HR7 4BE	£175,000	£169,000	-£6,000	05 Apr 2023	26 Sep 2023	174 Days
29 Ash Crescent, Bromyard, Herefordshire, HR7 4QG	£175,000	£175,000	£00	13 May 2023	01 Sep 2023	111 Days
5 Bramley Orchards, Bromyard, Herefordshire, HR7 4UT	£300,000	£292,500	-£7,500	27 Feb 2023	30 Aug 2023	184 Days
Janray, Lower Hardwick Lane, Winslow, Bromyard, Herefordshire, HR7 4LN	£495,000	£495,000	£00	17 Apr 2023	11 Aug 2023	116 Days
37 Old Road, Bromyard, Herefordshire, HR7 4BQ	£179,950	£179,950	£00	02 Mar 2023	13 Jul 2023	133 Days
5 Linton Lane, Bromyard, Herefordshire, HR7 4DQ	£500,000	£480,000	-£20,000	23 Nov 2022	02 Jun 2023	191 Days
5 Flaggoners Close, Bromyard, Herefordshire, HR7 4TZ	£249,950	£237,500	-£12,450	16 Sep 2022	05 May 2023	231 Days
8 Flaggoners Close, Bromyard, Herefordshire, HR7 4TZ	£180,000	£175,000	-£5,000	07 Feb 2023	05 May 2023	87 Days
5 Bannut Tree Estate, Bromyard, Herefordshire, HR7 4AS	£235,000	£220,000	-£15,000	13 Oct 2022	31 Jan 2023	110 Days
3 Pinetree Close, Bromyard, Herefordshire, HR7 4HL	£338,000	£295,000	-£43,000	06 Aug 2022	23 Jan 2023	170 Days
2 Market Square, Bromyard, Herefordshire, HR7 4BP	£550,000	£535,000	-£15,000	05 May 2022	18 Nov 2022	197 Days
48 Bannut Tree Estate, Bromyard, Herefordshire, HR7 4AS	£200,000	£185,000	-£15,000	17 May 2022	23 Sep 2022	129 Days

Most Expensive Streets in HR7 (Bromyard)

Postcode	Street	Area	Average	No. of Sales
HR7 4LP	Winslow	Bromyard	£699,000	3
HR7 4LA	Avenbury	Bromyard	£665,000	4
HR7 4PS	Tedstone Delamere	Bromyard	£620,000	3
HR7 4HD	Stokes Lane, Stoke Lacy	Bromyard	£556,666	3
HR7 4JL	Much Cowarne	Bromyard	£507,000	5
HR7 4JJ	Much Cowarne	Bromyard	£503,166	3
HR7 4PZ	Tedstone Wafre	Bromyard	£491,875	4
HR7 4DQ	Linton Lane	Bromyard	£486,400	5
HR7 4HJ	Stoke Lacy	Bromyard	£467,500	4
HR7 4NG	Horton Mews, Thornbury	Bromyard	£451,500	3

Least Expensive Streets in HR7 (Bromyard)

Postcode	Street	Area	Average	No. of Sales
HR7 4BX	Pump Street	Bromyard	£108,875	4
HR7 4AE	High Street	Bromyard	£110,428	7
HR7 4EB	Cruxwell Street	Bromyard	£139,833	3
HR7 4QJ	Linton	Bromyard	£141,571	21
HR7 4DE	Old Ditch Close	Bromyard	£151,156	8
HR7 4BE	York Road	Bromyard	£159,166	6
HR7 4TN	Winslow Road	Bromyard	£160,190	5
HR7 4AW	Clover Terrace	Bromyard	£172,611	9
HR7 4QG	Ash Crescent	Bromyard	£177,357	7
HR7 4TZ	Flaggoners Close	Bromyard	£182,125	4