2 Bed Flat, Single Let, Ross-on-Wye, HR9 7AB, £110,000

Crofts Lane, Ross-on-Wye, Herefordshire, HR9 7AB - 10 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£128K - £205K
Sold Prices/m²£1.9K/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£133,100
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£421 - £1,025

Rent Estimate

£690

Running Costs/mo

£502

Cashflow/mo

£188

Cashflow/yr

£2,259

ROI

7%

Gross Yield

8%

Local Sold Prices

7 sold prices from £128K to £205K, average is £145K. £1.9K/m² to £3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£128K09/230.09 miWallace Court, Flat 30, Station Street, Ross-on-wye, Herefordshire HR9 7FW2
£130K05/240.09 miWallace Court, Flat 17, Station Street, Ross-on-wye, Herefordshire HR9 7FW2
£145K01/240.09 miGoodrich Court, Flat 8, Gloucester Road, Ross-on-wye, Herefordshire HR9 5GD2
£147.5K10/230.18 miSwan Court, Flat 5, Edde Cross Street, Ross-on-wye, Herefordshire HR9 7BZ2
£130K03/240.25 miKennedy Place, Flat 18, Brampton Street, Ross-on-wye, Herefordshire HR9 7EQ2
£180K12/230.4 miAshburton Court, Apartment 3, Gloucester Road, Ross-on-wye, Herefordshire HR9 5PW2
£205K02/240.5 miSt Josephs, Apartment 4, Walford Road, Ross-on-wye, Herefordshire HR9 5PQ2

Local Rents

17 rents from £421/mo to £1K/mo, average is £830/mo.

RentDateDistanceAddressBeds 
£72509/240.03 miHenry Street, Ross-On-Wye, Herefordshire, HR92
£85010/240.06 mi-2
£85003/250.07 mi-2
£77503/240.09 mi-2
£85006/240.1 mi-2
£85006/240.1 mi-2
£75009/240.13 miPalma Court, Brookend Street, Ross-on-Wye2
£97504/240.13 mi-2
£85003/250.13 mi-2
£75009/240.17 miSwan Court, Edde Cross Street, Ross-On-Wye, Herefordshire, HR92
£75009/240.17 miSwan Court, Edde Cross Street, Ross-On-Wye, Herefordshire, HR92
£87509/240.18 miSwan House, Edde Cross Street, Ross-on-Wye, Herefordshire, HR92
£75009/240.24 miOver Ross Street, Ross-On-Wye2
£42106/230.27 mi-2
£1,02509/240.37 miBrampton Close, Ross-on-Wye2
£83009/240.44 miPrimrose Close, Ross-on-Wye, HR92
£44803/250.53 mi-2

Local Area Statistics

Population in hr9

20,936

Town centre distance

0.39 miles away

Nearest school

0.40 miles away

Nearest train station

11.23 miles away

 

 

Rental growth (12m)

+61%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Listed for £110,000

May 28, 2024

Floor Plans

Description

  • First Floor Flat +
  • Two Double Bedrooms +
  • Kitchen Living/Dining Room +
  • Electric Heating +
  • Central Town Position +
  • Close To Shops +
  • Light & Spacious +
  • An Ideal Buy to Let or First Time Purchase +
  • EPC Rating: D +

An extremely light and spacious purpose built two double bedroom first floor flat, which is conveniently situated within the heart of the town centre.

The property is situated in a small courtyard location within Ross on Wye town centre, where a good range of shopping, social and sporting facilities can be found. The M50 at Ross-on-Wye gives good access to the Midlands and the A40 towards South Wales.

Property is approached just under the archway into Croft Court. Stairwell provides access up to the first floor landing which leads to the flat.

Hallway:
Wood laminate flooring, hanging space for coats, night storage heater. Door to Airing Cupboard which houses lagged hot water cylinder and emersion heater and slatted shelving. From here a glazed door provides access to:

Lounge/Dining Room: 13' x 11'4" (3.96m x 3.45m).
With floor to ceiling double glazed window to the front aspect and additional double glazed window to the front aspect. Fitted wall lights, night storage heater, Archway providing access to:

Kitchen: 12'4" x 6'2" (3.76m x 1.88m).
Integrated Zanussi oven with four ring hob and extractor hood over. Space for fridge. Night storage heater Tiled effect lino. Tiled splashbacks. Rolled edge worktops with one and half bowl ceramic sink.

From the Living Room, door provides access to:
Bedroom 1: 11'4" x 9'8" (3.45m x 2.95m).
Double glazed window to rear aspect with feature triangular window. Floor standing night storage heater.

From the Reception Hall there is access to:
Bedroom 2: 11'4" x 9' (3.45m x 2.74m).
Double glazed window to front aspect. Night storage heater.

Bathroom:
Velux window to the side aspect, white suite comprising of low level WC, pedestal wash hand basin, panelled bath with shower screen and electric Mira jump power shower over. Fitted mirror, light with shaver point, tiled splashbacks.

Agents Note:
The pictures were taken prior to the tenants moving into the property.

Tenure is LEASEHOLD with a 99-year lease which commenced in 1998. There is a ground rent of £100 per annum and a service charge of £456.87 twice yearly. Any interested parties should ensure verification by their solicitor.

Property Information:
Council Tax Band: A
Heating: Night Storage Heating
Mains Drainage, Water and Electric
Satellite/Fibre: Sky & BT available. Virgin: Not available.
Mobile Phone Coverage:

Directions:
On Foot: Proceed right from the office taking the next turning right down Hill Street, take the next left into croft court and the entrance to the apartment can be found on the left-hand side.

Agent Details

Richard Butler & Associates, Ross-On-Wye

01989 551078

Next Steps?

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