2 Bed Flat, Single Let, Hereford, HR1 2QU, £172,500

Harold Street, St James, Hereford, HR1 2QU - a year ago

Leasehold
BTL
ROI: 2%
~95 m²
+7 photos

ValuationUndervalued

Sold Prices£92K - £360K
Sold Prices/m²£1.6K/m² - £3.3K/m²

 

 

Square Metres

~95 m²
Price/m²£1.8K/m²

Value Estimate

£193,050
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,125

Stamp Duty & Legal Fees

£9,825

Total Cash In

£52,950

 

 

Cash Out

 

Rent Range

£700 - £1,100

Rent Estimate

£783

Running Costs/mo

£716

Cashflow/mo

£67

Cashflow/yr

£808

ROI

2%

Gross Yield

5%

Local Sold Prices

31 sold prices from £92K to £360K, average is £136.5K. £1.6K/m² to £3.3K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£196K06/210.03 mi10, Harold Street, Hereford, Herefordshire HR1 2QU2
£175K09/220.05 mi11, Hampton Street, Hereford, Herefordshire HR1 2RA2
£190K05/230.13 mi1, Nightingale Way, Hereford, Herefordshire HR1 2NQ2
£240K07/210.15 miFlat, 15, Wye Way, Hereford, Herefordshire HR1 2NP2
£190K06/210.3 mi14a, St Ethelbert Street, Hereford, Herefordshire HR1 2NR2
£95K03/210.35 miFlat 22, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£92K06/230.35 miFlat 5, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£105K11/220.35 miFlat 21, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£148.5K11/200.37 miFlat 14, The Embankment, Gaol Street, Hereford, Herefordshire HR1 2AF2
£136.5K06/210.38 mi3, Wyelands Close, Hereford, Herefordshire HR2 6DH2
£134K03/220.39 mi7, Wyelands Close, Hereford, Herefordshire HR2 6DH2
£147.5K06/210.44 mi108, Ledbury Road, Hereford, Herefordshire HR1 2TB2
£163K03/230.54 miFlat 14, Arden Court, Bodenham Road, Hereford, Herefordshire HR1 2UF2
£129K12/200.55 miFlat 11, Arden Court, Bodenham Road, Hereford, Herefordshire HR1 2UF2
£113K03/220.67 mi82, Holme Lacy Road, Hereford, Herefordshire HR2 6DA2
£138K09/210.7 mi7, Angela Close, Hereford, Herefordshire HR1 1TZ2
£145K08/210.7 miFlat 2, Red Lion Court, Victoria Street, Hereford, Hereford And Worcester HR4 0BZ2
£128.5K05/210.7 mi15, Pilley Road, Hereford, Herefordshire HR1 1NA2
£360K12/220.76 miFlat 11, Barton West, Barton Road, Hereford, Herefordshire HR4 0AU2
£115K06/210.78 mi57, Homestead, Hereford, Herefordshire HR2 6HL2
£102K10/200.79 mi14, St Charles Court, Lower Bullingham, Hereford, Herefordshire HR2 6EJ2
£329K06/230.81 miFlat 8, Barton West, Barton Road, Hereford, Herefordshire HR4 0AU2
£103K03/220.84 mi5, Ridgeway Avenue, Hereford, Herefordshire HR2 6HW2
£120.2K10/220.84 mi11, Stable Drive, Hereford, Herefordshire HR2 6SH2
£99K05/210.84 mi6, Stable Drive, Hereford, Herefordshire HR2 6SH2
£136.7K11/210.86 mi8, Pomona Place, Hereford, Herefordshire HR4 0EF2
£154.5K06/230.91 mi38, Huskinson Drive, Hereford, Herefordshire HR1 1DB2
£130K04/210.92 mi49, Kernal Road, Hereford, Herefordshire HR4 0PR2
£145K02/210.92 mi47, Kernal Road, Hereford, Herefordshire HR4 0PR2
£120K03/220.97 mi2, Pembridge Close, Hereford, Herefordshire HR2 7AD2
£94.8K03/210.98 mi19, Oak Field Road, Hereford, Herefordshire HR2 6SD2

Local Rents

25 rents from £700/mo to £1.1K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£89503/250.16 mi-2
£82504/240.4 mi-2
£94505/240.5 mi-2
£94505/240.5 mi-2
£90005/240.5 mi-2
£1,10012/240.5 mi-2
£1,10002/250.5 mi-2
£1,05012/240.52 miHawthorn Grove, Hereford, Herefordshire, HR2 6AU2
£98003/250.54 mi-2
£79504/240.66 miBewell Street, Hereford, HR42
£82512/240.68 miBelmont Road, Belmont, Hereford, HR22
£85012/240.68 miAylestone Hill, Hereford, HR12
£80012/240.7 miAngela Close, Hereford, HR12
£84003/240.86 mi-2
£82012/240.9 miThe Pastures, Hereford, HR22
£83004/240.9 miBalfour Close, Hereford, HR42
£97504/240.91 miWidemarsh Street, HEREFORD2
£97504/240.91 miWidemarsh Street, HEREFORD2
£97504/240.91 miWidemarsh Street, HEREFORD2
£88512/240.94 miCider Press Drive, Hereford, HR22
£70012/240.99 miHereford, Herefordshire, HR12
£85002/251.01 mi-2
£80011/231.08 mi-2
£89505/241.16 miCornewall Steet, Whitecross, Hereford, HR42
£90010/241.22 mi-2

Local Area Statistics

Population in HR1

32,145

Population in Hereford

101,068

Town centre distance

4.46 miles away

Nearest school

0.10 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+33%

Property History

Price changed to £172,500

March 4, 2025

Listed for £180,000

May 20, 2024

Floor Plans

Description

'Located within the St James district, 'a village within the city', a very well proportioned, two bedroom, ground floor flat which is provided with gas fired central heating, and has a courtyard hard landscaped garden area and cellar'
LOCATION
Set on the corner of Hampton Street and Harold Street in the St James residential district which lies just to the east of the City Centre. The locality is favoured for its community feel and in the neighbourhood there is a local shop, primary school, church, public house and a further range of community services and amenities together with ease of access to riverside walks, The Castle Green and the environs of The Cathedral. Hereford as a whole offers a wide range of shopping, leisure and recreational facilities together with educational establishments and both bus and railway stations.
DESCRIPTION
The Ground Floor Flat/10 Harold Street occupies an extensive ground floor area and was created within a period building and it has its own entrance off Hampton Street. There is a good sized living room, from this room, a door opens to the inner dining/kitchen and then doors open to the two bedrooms, bathroom, the courtyard garden and down to the useful cellar area. Overall room proportions are good and with gas central heating in more detail the accommodation comprises:
ON THE GROUND FLOOR:

The Living Room 4.39m (14'5) x 3.91m (12'10) (with an 8'4 ceiling height)
Approached through a door with glazed upper panels and having sash windows to two aspects with some colour leaded corner lights. Brick fireplace with harlequin tiled hearth, radiator and exposed floor boards. Door to:
The Kitchen/Dining Room 5.82m (19'1) x 2.46m (8'1) (maximum)
With a door to the cellar and with fitted base cupboards with wood block effect working surfaces over, tiled course above and with a single bowl stainless steel sink unit with drainer and mixer tap, recess for cooker, space for dishwasher and cooker hood. Exposed wooden floor boards, wall mounted thermostat and with a stripped original door to bedroom 2, doors to bedroom 1 and the bathroom and a 4'4 wide opening to:
Utility Area/Rear Porch. 2.08m (6'10) x 1.78m (5'10)
With some exposed floor boards, part with tiled floor, double glazed window, plumbing for washing machine, radiator and double glazed door to patio/courtyard garden.
Bedroom 1 4.09m (13'5) x 3.38m (11'1) (with an 8'4 ceiling height)
With a sash window and radiator.
Bedroom 2 4.11m (13'6) x 3.91m (12'10)
With a sash window to the side and wall mounted gas fired concealed combination boiler which provides central heating and domestic hot water, cupboard and radiator.
Bathroom 2.95m (9'8) x 1.7m (5'7) (plus recess)
With white suite comprising bath with tiled course over, separate shower cubicle, pedestal wash basin and low level wc. Sunken ceiling lights, part panelled walls to dado height and radiator.
ON THE LOWER GROUND FLOOR:

Cellar 4.37m (14'4) x 3.81m (12'6) (with a ceiling height of approximately 6'2)
With light.
OUTSIDE:
The property has the benefit of an exclusive courtyard/patio area which in parts are 19'9 x 8'0 and 9'5 x 5'1. The areas are laid to concrete and paving slabs part, with a slate edge and there is a raised planted border.
COUNCIL TAX BAND A
Payable to Herefordshire Council
TENURE
It is understood that the property is held on a long lease which has been extended for a term of 189 years from the 18th December 1989.
SERVICE CHARGE
It is understood that a contribution is made towards the cost of the common areas as and when items occur and to the cost of the buildings insurance.
SERVICES
It is understood that mains electricity, gas, water and drainage services are connected to the property. Confirmation in respect of mains service supplies should be obtained by the prospective purchaser. None of the electrical goods or other fittings has been tested and they are sold without warranty or undertaking that they are installed to current standards.
VIEWING
Strictly by appointment through the agents, telephone Hereford .
DIRECTIONAL NOTE
From central Hereford proceed east along St Owen Street and at the traffic lights turn right into Green Street. Continue along Green Street and just before the shop turn left into Harold Street. The property will be identified on the right hand side on the corner of Harold Street and Hampton Street.
2nd August 2024
ID35011
Disclaimer
Watkins Thomas Ltd. Registered in Cardiff, No: 8037310. These particulars are used on the strict understanding that all negotiations are conducted through WATKINS THOMAS LTD. MISREPRESENTATION ACT - 1967 WATKINS THOMAS LTD, for itself and for the Vendors of this property whose agent it is give notice that: 1. These particulars do not constitute, nor constitute any part of an offer or contract. 2. All statements contained in these particulars as to this property are made without responsibility on the part of WATKINS THOMAS LTD or the Vendor. 3. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. 4. Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 5. The Vendor does not make or give, and neither WATKINS THOMAS LTD nor any person in its employment has authority to make or give any representation or warranty whatsoever in relation to this property.

Agent Details

Watkins Thomas, Hereford

01432 272280

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