Key indicators for buyers
The HR2 market is moderately favourable for buyers. Prices have softened (-5.5%), which could present a buying opportunity. Affordability has improved from a peak of 10.3x in 2021 to 8.8x today. Rising rents (£820/mo, +4.9%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Herefordshire area
A home in Herefordshire costs 8.8x the local median salary — stretched, improving from a peak of 10.3x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Herefordshire area
Average monthly rent in Herefordshire is £820, up 4.9% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Herefordshire price of £309,353 with a 25% deposit (£77k), a 2-year fixed mortgage at 3.97% costs around £1,221 per month.
Monthly cost comparison based on current data
Uses HR2 avg. price with Herefordshire rental data
Monthly mortgage payments (£1,221) are £401 more than renting (£820). However, buying requires an upfront deposit of £77k — it would take around 19 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
45, CHESTNUT DRIVE HR2 6AY | Terraced | £190,000 | 22 Jan 2026 |
117, DORCHESTER WAY, BELMONT HR2 7ZW | Detached | £420,000 | 19 Jan 2026 |
14, ARRAN AVENUE HR2 6BT | Semi-detached | £130,000 | 16 Jan 2026 |
DANESWOOD, LITTLE BIRCH HR2 8AS | Detached | £625,000 | 16 Jan 2026 |
HURSTLEY, MUCH BIRCH HR2 8HX | Detached | £322,500 | 16 Jan 2026 |
HILLCREST, LITTLE BIRCH HR2 8BD | Other | £200,000 | 16 Jan 2026 |
MARSH VIEW, MADLEY HR2 9NJ | Semi-detached |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in HR2 sold for £309,353 in 2026, with a median of £270,000 across 17 transactions. Prices fell 5.5% compared to the previous year.
| £245,000 |
| 16 Jan 2026 |
32, HINTON ROAD HR2 6BL | Detached | £270,000 | 16 Jan 2026 |
4, THE PIPPINS, CLEHONGER HR2 9SG | Detached | £630,000 | 15 Jan 2026 |
6, PEAR TREE CLOSE, MUCH DEWCHURCH HR2 8FL | Detached | £457,500 | 14 Jan 2026 |
17, DALESBRED AVENUE, KINGSTONE HR2 9TD | Detached | £292,000 | 9 Jan 2026 |
29, VAGA STREET HR2 7AT | Semi-detached | £190,000 | 9 Jan 2026 |
MELLWOOD, WRIGGLEBROOK HR2 8AU | Detached | £315,000 | 9 Jan 2026 |
28, CROSSWAYS, PETERCHURCH HR2 0TG | Detached | £315,000 | 8 Jan 2026 |
12, WOODFIELD CLOSE, KINGSTONE HR2 9FB | Semi-detached | £245,000 | 8 Jan 2026 |
FLAT 11, BRYNGWYN MANOR HR2 8EQ | Flat/Maisonette | £150,000 | 7 Jan 2026 |
93, BELMONT ROAD HR2 7JN | Semi-detached | £262,000 | 5 Jan 2026 |
1, BOYCOTT ROAD HR2 7RN | Semi-detached | £100,000 | 19 Dec 2025 |
10, FARRINGDON AVENUE, BELMONT HR2 7ZH | Terraced | £100,000 | 19 Dec 2025 |
EVERGREEN, HOARWITHY HR2 6QQ | Detached | £460,000 | 19 Dec 2025 |
The most recent recorded sale in HR2 was a terraced property on Chestnut Drive for £190,000 in January 2026. Across the last 20 sales, the median price was £270,000.