HR1 (Hereford) area guide

HR1
Hereford
The HR1 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Aylestone, Backbury, Bartestree, Bodenham, Brockhampton, Bromyard, Burcott, Burghill, Holmer and Lyde, Burley Gate, Central, Checkley, Cross Keys, Dinmore, Dormington, Durlow, Eau Withington, Fawley, Felton, Fownhope, Frome, Hagley, Hampton Bishop, Hampton Court, Hereford, Hill Hampton, Holmer, How Caple, Kings Caple, Little Tarrington, Longworth, Lower Lyde, Lugg Bridge, Lugwardine, Lyde, Lyde Cross, Marden, Mordiford, Moreton Jefferies, Munstone, Nunnington, Ocle Pychard, Old Gore, Perton, Preston Wynne, Priors Frome, Shelwick, Shucknall, Shucknall Hill, Sollers Hope, Stoke Edith, Sutton Lakes, Sutton St Nicholas, Sutton Walls, Tarrington, Three Elms, Tupsley, Ullingswick, Upper Dormington, Westhide, Weston Beggard, Whitestone, Withington, Woolhope, Wormsley Ridge, Yarkhill.
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Notes:

A Mouseprice property guide for HR1 Hereford is coming soon. In the meantime, please have a look at the raw data and statistics about HR1 that can be found by click the relevant links on the left hand side.

Old area guide:

The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.

Market trends:

Hereford propertyThe size of the property market in HR1 is 12960 homes.

Hereford propertyThe postcode district HR1 has been experiencing annual growth of 14.7% over the last 5 years excluding the effect of inflation. This growth rate tends to indicatea dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.

Hereford propertyAverage property prices in this postcode district over the last three months have been approximately £207595.

Hereford propertyPrice earnings ratio is an indicator of the affordability of property for someone on the average salary in the area. Price Earnings Ratio in this postcode district is 8.6.

Hereford propertyNew transactions as a percentage of overall sales are 6.1%.

Housing stock:

Hereford propertyThe most commonly found type of housing in this area are Detached Houses, making up 40.9% of the housing stock.

Hereford propertyFor those buyers keen to purchase Flats, this would not be an ideal area, because only 11.3% are this type.

Hereford propertyThis is an area with a high proportion of property suitable for families with children.

Hereford propertySocially rented accommodation represents 12.8% of the total rented accommodation in the area.

Hereford propertyThe majority of property in this area is owner occupied.

Hereford propertyThe average price of a two bed property in this area is less that the national average of £187894 at £180026.

Who lives here:

Hereford propertyThere are 14516 men and 15535 women in this postcode district.
Hereford propertyThe average age in this area is 43.
Hereford propertyThis area has a high percentage of married people at 23.8%.
Hereford propertyAverage working hours in this area for men are 43 and for women are 30.
Hereford propertyThis area has 1.5 people per square kilometre.
Hereford propertyThe largest source of work in this area is Wholesale & Retail (17.8% of workers), followed by Construction (15.6%).