HR1Herefordshire, County of

Hereford City Centre & Suburbs

Hereford City Centre & Suburbs investment guide. Average gross yield 3.4%, unknown rental demand.

3.4%avg gross yield

£301kavg sold price (444 sales, 12mo)

Unknownrental demand

Article 4: No· Permitted development applies

Last updated May 2026

Average Gross Yield

3.4%

+3.4% vs Herefordshire, County of avg (0.0%)

Average Asking Price

£301,218

high confidence (444 sales)

Est. Monthly Rent

£986

2-bed · 3-bed £1,414 · 5.0% yield

Price Per Sq Ft

£293

Estimated Rent by Bedroom Count

Average asking rent and gross yield per bedroom count in HR1

1-bed

£681

per month

4.3% yield

2-bed

£986

per month

5.0% yield

3-bed

£1,414

per month

5.8% yield

4-bed

£1,968

per month

6.3% yield

Ownership mix

HR1 vs UK average · 21,394 dwellings · Source: ONS Census 2021

Owner-occupier stronghold: 42% owned outright (9pp higher than the UK average of 33%).

Owned outrightNo mortgage on the property

42.3%(UK 32.9%)

+9.4pp vs UK

Owned with mortgageIncluding shared ownership

27.0%(UK 29.7%)

-2.7pp vs UK

Privately rented (BTL)Private landlord or letting agent

18.7%(UK 20.3%)

-1.6pp vs UK

Socially rentedCouncil or housing association

12.0%(UK 17.1%)

-5.1pp vs UK

Black tick = UK average. ONS Census 2021, TS054 (Tenure of household).

Yield by Property Type

Gross yield breakdown across property types in HR1

PropertyData.co.uk

Type	Gross Yield	Avg Price	Avg Rent/mo
Terraced →	5.7%	£229,719	£1,082
Semi-detached →	5.6%	£284,825	£1,318
Detached →	4.0%	£402,270	£1,352
Flat →	7.2%	£157,000	£946

Explore by strategy

Live data for each property type across Herefordshire, County of.

HMO Terraced Semi-detached Detached Flats Student lets New build Strategy primers →

About Hereford City Centre & Suburbs (HR1, Herefordshire, County of)

HR1 attracts buy-to-let investors seeking affordable entry points with an average asking price of £301,218 and steady rental yields averaging 3.4%. The area benefits from consistent tenant demand across all property sizes, with yields improving significantly on larger properties—4-bedroom homes achieving 6.3% gross yield compared to 4.3% for one-bed units.

The tenant mix is diverse, ranging from young professionals and couples in one-bedroom properties to families occupying larger homes. Rental demand remains stable across the postcode, suggesting a balanced market with reliable occupancy potential across different property types and price points.

Investors should note that rental demand data for HR1 is currently unknown, which limits visibility on specific market dynamics and tenant competition. Before committing capital, thorough local research into employment centres, transport links, and demographic trends is essential to validate assumptions about tenant sustainability and long-term growth prospects.

Sold Price Trend - HR1

Average sold price, last 8 quarters

-5.2% over 2 years

Flip Activity - HR1

Same-property resales within 18 months, last 24 months

No flips meeting our 15% uplift threshold recorded in HR1 over the last 24 months.

Planning & Licensing - HR1

Restrictions that affect HMO and buy-to-let investors in this postcode district

✓

Article 4 Direction (HMO)Not in effect

HMOs of up to 6 occupants (C4 use class) can be created without planning permission in this area.

✓

Selective LicensingNot in effect

✓

Additional HMO LicensingNot in effect

No Article 4 directions in this LPA. Selective/additional licensing not yet verified.

Planning information is for guidance only. Always verify with the local planning authority before purchasing. Data correct as of April 2026.

Nearby Postcodes

Adjacent areas with comparable investment profiles

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