2 Bed Flat, Single Let, Hereford, HR1 1HA, £150,000

Kingsway, Hereford, HR1 1HA - a year ago

Leasehold
BTL
ROI: 5%
~60 m²
+4 photos

ValuationOvervalued

Sold Prices£90K - £360K
Sold Prices/m²£1.3K/m² - £3.3K/m²

 

 

Square Metres

~59.81 m²
Price/m²£2.5K/m²

Value Estimate

£124,542

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Rent Range

£800 - £1,100

Rent Estimate

£850

Running Costs/mo

£659

Cashflow/mo

£191

Cashflow/yr

£2,295

ROI

5%

Gross Yield

7%

Local Sold Prices

45 sold prices from £90K to £360K, average is £136.5K. £1.3K/m² to £3.3K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£154.5K06/230.1 mi38, Huskinson Drive, Hereford, Herefordshire HR1 1DB2
£165K04/230.48 mi5, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£155K09/220.49 mi3, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£155K11/220.5 mi15, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£148.5K11/200.66 miFlat 14, The Embankment, Gaol Street, Hereford, Herefordshire HR1 2AF2
£145K08/210.7 miFlat 2, Red Lion Court, Victoria Street, Hereford, Hereford And Worcester HR4 0BZ2
£163K03/230.71 miFlat 14, Arden Court, Bodenham Road, Hereford, Herefordshire HR1 2UF2
£129K12/200.71 miFlat 11, Arden Court, Bodenham Road, Hereford, Herefordshire HR1 2UF2
£105K11/220.74 miFlat 21, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£95K03/210.75 miFlat 22, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£92K06/230.75 miFlat 5, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£165K06/230.75 miFlat 4, Tremlett Court, Red Norman Rise, Holmer, Hereford, Herefordshire HR1 1GT2
£190K06/210.78 mi14a, St Ethelbert Street, Hereford, Herefordshire HR1 2NR2
£136.7K11/210.82 mi8, Pomona Place, Hereford, Herefordshire HR4 0EF2
£128.5K05/210.92 mi15, Pilley Road, Hereford, Herefordshire HR1 1NA2
£147.5K06/210.92 mi108, Ledbury Road, Hereford, Herefordshire HR1 2TB2
£130K04/210.94 mi49, Kernal Road, Hereford, Herefordshire HR4 0PR2
£145K02/210.94 mi47, Kernal Road, Hereford, Herefordshire HR4 0PR2
£329K06/231.01 miFlat 8, Barton West, Barton Road, Hereford, Herefordshire HR4 0AU2
£196K06/211.01 mi10, Harold Street, Hereford, Herefordshire HR1 2QU2
£135K03/211.01 mi134, Whittern Way, Hereford, Herefordshire HR1 1PG2
£240K07/211.02 miFlat, 15, Wye Way, Hereford, Herefordshire HR1 2NP2
£190K05/231.02 mi1, Nightingale Way, Hereford, Herefordshire HR1 2NQ2
£146.5K10/211.04 mi97d, Highmore Street, Hereford, Hereford And Worcester HR4 9PG2
£360K12/221.05 miFlat 11, Barton West, Barton Road, Hereford, Herefordshire HR4 0AU2
£175K09/221.06 mi11, Hampton Street, Hereford, Herefordshire HR1 2RA2
£112K02/231.15 mi54, Sheridan Road, Hereford, Herefordshire HR4 0NQ2
£148K03/231.23 mi13, Barricombe Drive, Hereford, Herefordshire HR4 0NU2
£136.5K06/211.3 mi3, Wyelands Close, Hereford, Herefordshire HR2 6DH2
£134K03/221.31 mi7, Wyelands Close, Hereford, Herefordshire HR2 6DH2
£138K09/211.34 mi7, Angela Close, Hereford, Herefordshire HR1 1TZ2
£155K10/221.45 mi56, Haston Close, Hereford, Herefordshire HR4 0RX2
£120K03/221.52 mi2, Pembridge Close, Hereford, Herefordshire HR2 7AD2
£113K03/221.63 mi82, Holme Lacy Road, Hereford, Herefordshire HR2 6DA2
£90K05/211.66 mi74, Golden Post, Hereford, Hereford And Worcester HR2 7BZ2
£115K06/211.73 mi57, Homestead, Hereford, Herefordshire HR2 6HL2
£120.2K10/221.75 mi11, Stable Drive, Hereford, Herefordshire HR2 6SH2
£99K05/211.75 mi6, Stable Drive, Hereford, Herefordshire HR2 6SH2
£102K10/201.8 mi14, St Charles Court, Lower Bullingham, Hereford, Herefordshire HR2 6EJ2
£103K03/221.82 mi5, Ridgeway Avenue, Hereford, Herefordshire HR2 6HW2
£90K07/231.83 mi244, Ross Road, Hereford, Herefordshire HR2 7PN2
£125K08/231.83 mi234, Ross Road, Hereford, Herefordshire HR2 7PN2
£94.8K03/211.91 mi19, Oak Field Road, Hereford, Herefordshire HR2 6SD2
£105K08/211.99 mi72, Ethelstan Crescent, Hereford, Herefordshire HR2 7HS2
£98K06/221.99 mi93, Ethelstan Crescent, Hereford, Herefordshire HR2 7HS2

Local Rents

16 rents from £800/mo to £1.1K/mo, average is £953/mo.

RentDateDistanceAddressBeds 
£97504/240.14 miWidemarsh Street, HEREFORD2
£97504/240.14 miWidemarsh Street, HEREFORD2
£97504/240.14 miWidemarsh Street, HEREFORD2
£85012/240.47 miAylestone Hill, Hereford, HR12
£96008/240.52 mi-2
£96008/240.52 mi-2
£90005/240.52 mi-2
£94505/240.53 mi-2
£94505/240.53 mi-2
£80003/250.53 mi-2
£83004/240.55 miBalfour Close, Hereford, HR42
£85005/240.6 miGrandstand Road, Hereford, HR42
£85005/240.6 mi-2
£98003/250.6 mi-2
£1,10012/240.61 mi-2
£1,10002/250.61 mi-2

Local Area Statistics

Population in HR1

32,145

Population in Hereford

101,068

Town centre distance

3.45 miles away

Nearest school

0.30 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+33%

Property History

Listed for £150,000

December 26, 2023

Floor Plans

Description

  • Two bedrooms  +
  • First floor apartment  +
  • Small private garden  +
  • Close to local amenities  +
  • Close to the city centre  +
  • Driveway  +
  • Leasehold  +
  • No chain  +

Situated in Kingsway approx. 1.4 miles north of Hereford city centre is this 2 bedroom first floor apartment with no onward chain. The property is close to local amenities and is within walking distance to the city centre.   The property briefly comprises of: lounge, kitchen, two bedrooms, bathroom, small private garden and driveway. Ground Floor Entrance hall: Stairs up with electric radiator and rear aspect double glazing. First Floor **Lounge: **TV & shelving unit. Two front aspect double glazed windows. Radiators. **Kitchen: **Fitted kitchen units. Integrated cooker. Integrated electric hob. Integrated washing machine. Integrated dishwasher. Integrated fridge & freezer. Boiler. Front aspect double glazing. Radiator. **Bedroom 1: **Rear aspect double glazing. Radiator. **Bedroom 2: **Corner fitted wardrobe. Rear aspect double glazing. Radiator. **Bathroom: **WC, Sink, Bath with overhead shower. Rear aspect double glazing. Heated towel rail. **Outside: **To the front of the property there is a driveway for off road parking. To the rear of the property there is small private garden with a mixture of patio and lawn with a small wooden shed. Agent note: The lease is granted for a term of 999 years from and including 29th September 2022 to September 3021.  Disclaimer These particulars do not constitute or form part of an offer or contract nor may they be regarded as representations. All dimensions are approximate for guidance only, their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose or included in the Sale. Buyers are advised to obtain verification from their solicitors as to the tenure if the property, as well as fixtures and fittings and where the property has been extended/converted as to planning approval and building regulations. All interested parties must themselves verify their accuracy.

Council Tax Band The council tax band for this property is A.

Agent Details

The Good Estate Agent, National

01303 761722

Next Steps?

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