It is safe to say that the property market has undergone a considerable shake-up over recent years. House prices spiked sharply upwards from around May of 2020, and this trend continued through most of the proceeding two and a half years.
However, many forecasters predicted that property prices would fall in the UK in 2023. Many prospective sellers decided to not put their property on the market due to these forecasts.
However, data gathered by Chancellors points to a different story in parts of Herefordshire. Chancellors’ property price data indicates that the average sold property price has increased in Hereford and Chesham over the last 12 months.
Sold Prices in Hereford
The picturesque city of Hereford is renowned for its beautiful surroundings, rich history and charming architecture. Most famous for the majestic Hereford Cathedral, Hereford combines modern-day living with a charming twist, not forgetting its market roots. It is a wonderful place for young families, working professionals and retirees alike to call home.
All that Hereford has to offer is an attractive prospect for any buyer. If you were thinking of holding off on the sale of your property, you might want to reconsider based on data gathered by Chancellors.
Property price data gathered by Chancellors’ Hereford estate agents reveals that the average sold property price on detached homes, flats, semi-detached homes and terraced houses increased over the last 12 months.
The average sold price of a detached home increased the most by 10%, followed by flats at 4%, and the average price of semi-detached homes and terraced houses both increased by 1% over the last 12 months.
Sold Prices in Leominster
Leominster is a historic market town which exudes a medieval character. The town thrives on its market tradition, with weekly markets and various festivals held throughout the year. Leominster has a strong sense of community, and attracts a mix of residents, including families, retirees, professionals, and individuals who appreciate the town’s historical charm and rural setting.
A highly desirable town, Leominster has plenty to offer buyers. If you want to sell your house but you are not sure whether it is the right time, the property price data gathered by the Leominster branch in Chancellors is worth taking into consideration.
Our estate agents in Leominster have seen the average sold property price increase on detached houses, flats and terraced houses. The average sold price on flats and terraced houses have increased by 3%, and 2% on detached houses over the last 12 months.
Whilst the property market has slowed in 2023, there are still opportunities to sell. In fact, you may just be surprised at how much your property could sell for in the current market. Hereford and Leominster are two wonderful areas which will be attractive to any buyer looking to move to Herefordshire.
So, why not reconsider selling your property in 2023? You might just be surprised at the offers you get.
