Bromyard

Area Guide For Bromyard

Bromyard is a town in Herefordshire, England with a populace in 2011 of pretty nearly 4,500. It lies close to the area fringe with Worcestershire on the A44 in the middle of Leominster and Worcester. Bromyard has various customary half-timbered structures, including a percentage of the pubs, and the ward church goes once again to Norman times. The town is twinned with Athis-de-l'Orne, Normandy. Bromyard is said in a sanction of c. 840 as Bromgeard ("fenced in area where sweeper or gorse developed" (or maybe "fenced in by gorse") and in Domesday Book as Bromgerde. 42 villani (villeins, villagers), 9 bordars (smallholders), and 8 slaves were recorded in the Domesday entrance, one of the biggest groups in Herefordshire.

 
 

Bromyard Map

Estimated Price: £261,603
Average Asking Price: £375,572
Price change in last one year: £17,577
Average Price Paid: £210,432
Average Rent Rates: £591

 
 

Property Prices Breakdown in Bromyard

Average Price for property in Bromyard is around £261,603 which varies based on type of property you are interested in and ranges from £352,114 for detached house to around £210,254 for semi-detached. Similarly terraced house is around £160,016 and a flat is worth £109,593. Values have been changing and have risen £1,180 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £406 in last 6 months, £17,577 in last 1 year, £23,854 in last 2 years, £24,233 in last 3 years, £28,597 in last 4 years and £19,301 in last 5 years.

Currently average asking price of a property in Bromyard is around £375,572 based on approximately 79 properties for sale. Same is the case with rental options based on 7 properties up for rent, average asking rent is around £591 per month.

Estimated property value in Bromyard is £261,603. Average asking price is £375,572 while average price paid is £223,252 which is up by £17,577 and Avg. asking rent £591.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 Bromyard area. In last 1 year alone average price buyer paid is around £223,252 based on approximately 79 sales in Bromyard area alone. If you compare it to last 3 years sales of 225 properties where buyers paid around £205,481. 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 £210,432 for 373 and average amount paid for purchase of approx. 474 properties sold in last 7 years comes to about £210,800 per sale.

 
 

Properties For Sale in Bromyard

 
 

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 2 bedroom is around £160,000, £348,675 for a 3 bedroom house, £403,112 for a 4 bedroom house and £546,790 for a 5 bedroom house. For a flat similarly the prices varies from £74,950 for a single bedroom to £99,975 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £117,500. To sum up the asking prices for properties in Bromyard it comes to around average £74,950 for 1 bedroom property, £135,990 for 2 bedroom, £310,146 for 3 bedroom, £403,112 for 4 bedroom and £546,790 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 £485 for 1 bedroom to £563 for 3 bedroom and £897 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £509. You should be generally be expecting around average £501 rent per month for single bedroom property, £563 for 3 bedroom and approximately £897 for 4 bedroom property in Bromyard area.

Popular Houses in Bromyard

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.

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