Average Price for property in Hereford is around £238,540 which varies based on type of property you are interested in and ranges from £336,277 for detached house to around £195,093 for semi-detached. Similarly terraced house is around £162,618 and a flat is worth £126,107. Values have been changing and have risen £295 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £109 in last 6 months, £15,654 in last 1 year, £23,654 in last 2 years, £26,490 in last 3 years, £24,608 in last 4 years and £21,436 in last 5 years.
Currently average asking price of a property in Hereford is around £311,426 based on approximately 1,301 properties for sale. Same is the case with rental options based on 221 properties up for rent, average asking rent is around £858 per month.
Estimated property value in Hereford is £238,540. Average asking price is £311,426 while average price paid is £206,657 which is up by £15,654 and Avg. asking rent £858.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 Hereford area. In last 1 year alone average price buyer paid is around £206,657 based on approximately 1,301 sales in Hereford area alone. If you compare it to last 3 years sales of 3,953 properties where buyers paid around £203,963. 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 £205,376 for 6,277 and average amount paid for purchase of approx. 8,581 properties sold in last 7 years comes to about £204,622 per sale.