Cumberland Place, Hereford, HR4

Street Guide For Cumberland Place, Hereford, HR4

 

Cumberland Place, Hereford, HR4 Map

Estimated Price: £218,613
Average Asking Price: £255,862
Price change in last one year: £15,129
Average Price Paid: £191,125
Average Rent Rates: £871

 

Property Prices Breakdown in Cumberland Place, Hereford, HR4

Average Price for property in Cumberland Place, Hereford, HR4 is around £218,613 which varies based on type of property you are interested in and ranges from £238,811 for detached house to around £215,627 for semi-detached. Similarly terraced house is around £184,190. Values have been changing and have risen £522 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,251 in last 6 months, £15,129 in last 1 year, £16,733 in last 2 years, £20,088 in last 3 years, £23,139 in last 4 years and £14,572 in last 5 years.

Currently average asking price of a property in Cumberland Place, Hereford, HR4 is around £255,862 based on approximately 2 properties for sale. Same is the case with rental options based on 82 properties up for rent, average asking rent is around £871 per month.

Estimated property value in Cumberland Place, Hereford, HR4 is £218,613. Average asking price is £255,862 while average price paid is £212,000 which is up by £15,129 and Avg. asking rent £871.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Cumberland Place, Hereford, HR4 area. In last 1 year alone average price buyer paid is around £212,000 based on approximately 2 sales in Cumberland Place, Hereford, HR4 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £212,000. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £191,125 for 4 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £191,125 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £131,324, £177,213 for a 2 bedroom house, £236,067 for a 3 bedroom house, £307,705 for a 4 bedroom house and £371,858 for a 5 bedroom house. For a flat similarly the prices varies from £97,027 for a single bedroom to £185,481 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £295,000. To sum up the asking prices for properties in Cumberland Place, Hereford, HR4 it comes to around average £113,167 for 1 bedroom property, £178,788 for 2 bedroom, £236,921 for 3 bedroom, £307,705 for 4 bedroom and £371,858 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £602 for 2 bedroom to £684 for 3 bedroom and £816 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £433. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £558 and £875 for 3 bedroom. You should be generally be expecting around average £433 rent per month for single bedroom property, £583 for 2 bedroom, £722 for 3 bedroom and approximately £816 for 4 bedroom property in Cumberland Place, Hereford, HR4 area.

Popular Houses in Cumberland Place, Hereford, HR4

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Cumberland Place, Hereford, HR4