Releasing equity in Herefordshire: Let your property help you reach your goals
Many people choose to factor equity release into their retirement planning and use it to supplement their income for a myriad of different reasons. House price growth has meant that many people are sitting on a lot of equity.
Famous for its Hereford cattle, Herefordshire is known for its beautiful countryside and smart market towns. Home to the Malvern Hills and Wye Valley, it has many Areas of Outstanding Natural Beauty.
In 2020, Rightmove stated that the average property price was over £316,000, a similar figure to nearby Worcestershire. The majority of property sales involved detached homes that sold for an average of just over £418,000. Semi-detached homes sold for an average of £245,000 and terraced homes for an average of £204,000. The most expensive area to buy property in the county was listed as Much Marcle, where property prices were an average of £823,000. In 2020, prices had grown by 16 per cent on 2019 and 20 per cent on 2018.
Want to know how much equity you could release? Use our equity release calculator.