Hertfordshire

Data from Land Registry, ONS, Bank of England

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Avg. price

£466,972

↑ +1.8% YoY

Affordability

10.64x

↓ price-to-earnings

Avg. rent

N/A

Market outlook for Hertfordshire

Key indicators for buyers

Prices stable+1.8% YoYRelatively stable market

Very stretched10.6xImproving from 12.9x in 2021

Rates favourable3.97%2yr fixed, 75% LTV

Market quiet-6% YoYLess competition

The Hertfordshire market is moderately favourable for buyers. Affordability has improved from a peak of 12.9x in 2021 to 10.6x today.

Price trends

Average sale prices · HM Land Registry / UK HPI

£466,972

↑ +1.8% YoY

Affordability ratio

House price ÷ median earnings · ONS data

10.64x

price-to-earnings

A home in Hertfordshire costs 10.6x the local median salary — very stretched, improving from a peak of 12.9x in 2021.

Monthly mortgage

2yr fixed · 75% LTV · 25yr term · BoE avg. rate

£1,843

per month at 3.97%

LTV

Term

Deposit (25%)

£117k

Stamp duty

£11k

Based on the average Hertfordshire price of £466,972 with a 25% deposit (£117k), a 2-year fixed mortgage at 3.97% costs around £1,843 per month.

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