5 Bed HMO, Hereford, HR4 9PQ, £340,000

24 Highmore Street, Herefordshire, HR4 9PQ - 7 views - 10 months ago

Sold STC
HMO
ROI: 7%
161 m²
+10 photos

ValuationUndervalued

Sold Prices£240K - £995K
Sold Prices/m²£1.7K/m² - £3.4K/m²

 

 

Square Metres

161 m²
Price/m²£2.1K/m²

Value Estimate

£374,400
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£85,000

Stamp Duty & Legal Fees

£16,700

Total Cash In

£101,700

 

 

Cash Out

 

Room Rate

£572

Gross Rent

£2,860

Running Costs/mo

£2,243

Cashflow/mo

£617

Cashflow/yr

£7,405

ROI

7%

Gross Yield

10%

Local Sold Prices

33 sold prices from £240K to £995K, average is £350K. £1.7K/m² to £3.4K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£250K06/230.25 mi80, Kempton Avenue, Hereford, Herefordshire HR4 9TY5
£500K03/230.51 mi19, Canon Pyon Road, Hereford, Herefordshire HR4 9QQ5
£255K11/210.53 mi28, Bonington Drive, Hereford, Herefordshire HR4 0RU5
£700K03/210.58 miCedar Villa, Orchard Close, Hereford, Herefordshire HR4 9QY5
£465K11/200.58 mi49, Moor Park Road, Hereford, Herefordshire HR4 0RR5
£415K03/230.66 mi2, Mallory Close, Hereford, Herefordshire HR4 0RD5
£347.5K01/210.9 mi26, Turnberry Drive, Holmer, Hereford, Herefordshire HR1 1LP5
£350K11/201.01 mi36, Chandos Street, Hereford, Herefordshire HR4 0EX5
£267K01/211.08 mi1, Green Wilding Road, Holmer, Hereford, Herefordshire HR1 1GB5
£325K11/221.08 mi2, Green Wilding Road, Holmer, Hereford, Herefordshire HR1 1GB5
£355K06/231.14 mi14, Victoria Court, Hereford, Herefordshire HR4 0AW5
£295K11/201.14 mi15, Victoria Court, Hereford, Herefordshire HR4 0AW5
£265K03/211.14 mi10, Victoria Court, Hereford, Herefordshire HR4 0AW5
£275K12/201.14 mi89, Ryelands Street, Hereford, Hereford And Worcester HR4 0LN5
£316K11/211.18 mi71, College Road, Hereford, Herefordshire HR1 1ED5
£405K02/211.23 mi44, Tower Road, Hereford, Herefordshire HR4 0LF5
£450K06/211.23 mi28, Tower Road, Hereford, Herefordshire HR4 0LF5
£285K12/201.25 mi26, Barton Road, Hereford, Herefordshire HR4 0AY5
£570K01/211.28 mi7, Chestnut Lane, Burghill, Hereford, Herefordshire HR4 7QN5
£620K02/231.3 mi78, Broomy Hill, Hereford, Herefordshire HR4 0LQ5
£995K01/231.33 miSt Marys House 16, St Marys Lane, Burghill, Hereford, Herefordshire HR4 7QL5
£545K04/211.33 mi11, St Marys Lane, Burghill, Hereford, Herefordshire HR4 7QL5
£585K06/231.34 mi8, Sycamore Lane, Burghill, Hereford, Herefordshire HR4 7QR5
£269.5K09/211.41 mi50, Barrs Court Road, Hereford, Herefordshire HR1 1EQ5
£240K12/201.42 mi29, Penn Grove Road, Hereford, Herefordshire HR1 1BH5
£315K03/211.46 mi26, Loder Drive, Hereford, Herefordshire HR1 1DS5
£375K06/211.56 mi7, St Ethelbert Street, Hereford, Herefordshire HR1 2NR5
£370K02/211.57 mi2, Villa Street, Hereford, Hereford And Worcester HR2 7AY5
£308K01/231.77 mi13, Poole Close, Hereford, Herefordshire HR2 7JP5
£340K06/211.8 mi32, Ledbury Road, Hereford, Herefordshire HR1 2SY5
£370K10/221.85 mi6, Clive Street, Hereford, Herefordshire HR1 2SB5
£277.5K12/211.91 mi5, Priory View, Hereford, Herefordshire HR2 7XH5
£412.5K07/231.97 mi8, The Nook, Hereford, Herefordshire HR1 1NH5

Local Area Statistics

Population in HR4

29,988

Population in Hereford

101,068

Town centre distance

2.82 miles away

Nearest school

0.30 miles away

Nearest train station

1.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+32%

Property History

Price changed to £340,000

December 26, 2024

Listed for £350,000

May 30, 2024

Sold for £265,000

2016

Floor Plans

Description

  • Potential for Self Contained Annex +
  • Deceptively Spacious +
  • Ideal Family Accommodation or HMO Potential +
  • Sought After Location +
  • Off Road Parking +
  • Large Garden and Outbuilding +
  • Well Presented Throughout +

SUMMARY
This exceptionally spacious home offers ideal family living or HMO potential with possibilities for separate annex. Located in the highly sought after Westfields residential area, just two miles from the City Centre. Viewing is highly recommended.

DESCRIPTION
This semi-detached, 5 bedroom house with annex potential is a spacious and versatile property, ideal for a growing family or those seeking additional accommodation options. The house features a well-maintained front garden with a driveway, providing ample space for parking. A spacious, open plan lounge/diner is located at the front of the property, leading into a modern kitchen. A convenient addition to the ground floor is the potential for a self contained annex, comprising a utility room with kitchen potential, a separate lounge with access to the garden, a bedroom and en suite.

On the first floor, a further four bedrooms, dressing room and family shower room complete this property. The setup is perfect for multi-generational living, accommodating long-term guests, or even generating rental income.

Overall, this semi-detached house is a blend of modern convenience and flexibility, making it an excellent choice for families looking for a comfortable and adaptable living space.

This wonderful family home is located in the popular and highly sought-after residential area of Westfields, just two miles North-West of Hereford City Centre. Conveniently located within walking distance you will find shops, public houses/restaurants, schools and a doctors' surgery. The property is on a bus route with regular services into the City Centre where further amenities can be found.

Approach 
Dropped kerb giving access to the gated tarmac drive.

Lounge/Diner 24' 3" x 12' 4" max ( 7.39m x 3.76m max )
Double glazed windows to front and side elevation, stairs to first floor landing, two central heating radiators, two ceiling light points, three wall light points and door to kitchen.

Kitchen 12' 2" x 14' 3" ( 3.71m x 4.34m )
Soft close wall and base units, roll top work surfaces, one and a half bowl sink and drainer, splash back panels, space for Rangemaster cooker, fitted cooker hood over, plumbing for dishwasher, space for fridge freezer, integrated microwave, spotlights to ceiling, central heating radiator, double glazed windows to side and door to driveway.

Cloakroom 
Low level WC, hand wash basin and ceiling light point.

Utility Room 13' 3" x 6' ( 4.04m x 1.83m )
Wall and base units, roll top work surfaces, one bowl sink and drainer, splashback, plumbing for washing machine, central heating radiator, ceiling light point, door to garden, door to annex/reception room.

Lounge  12' 7" x 12' 5" ( 3.84m x 3.78m )
Double glazed sliding door to rear patio, two double glazed windows to side, four wall light points, one ceiling light point, central heating radiator and door to bedroom.

Bedroom One 14' 3" x 9' 7" ( 4.34m x 2.92m )
Located on the ground floor with double glazed window to front, ceiling light point, central heating radiator and door to en suite.

En Suite 
Wet room style shower room, low level WC, hand wash basin, towel rail, shower with glass surround, splashback panels, spotlights and extractor fan.

Landing 
Central heating radiator and two wall light points.

Bedroom Two 11' max x 7' 2" max ( 3.35m max x 2.18m max )
Velux window to rear elevation, two ceiling light points, central heating radiator and under eave storage. Restricted head height in this room.

Dressing Room 16' 3" x 4' 10" max ( 4.95m x 1.47m max )
Central heating radiator, ceiling light point, double glazed window to front elevation and door to bedroom two. Restricted head height in this room.

Bedroom Three 9' 11" x 12' 9" max ( 3.02m x 3.89m max )
Double glazed window to front elevation, ceiling light point and central heating radiator.

Bedroom Four 9' 1" x 10' 11" ( 2.77m x 3.33m )
Double glazed window to side elevation, central heating radiator and ceiling light point.

Bedroom Five 
Double glazed window to side elevation, ceiling light point and central heating radiator.

Shower Room 
Modern white suite briefly comprising: walk in shower cubicle with sliding glass doors, low level WC, hand wash basin, towel rail, double glazed obscure window to rear elevation, spotlights and storage cupboard.

Garden 
A great size garden offering ideal entertainment space and a large lawn. A spacious slab paved patio area leads to raised decking with fitted pergola and secure storage/bike store, then leading to a large lawn with fencing to borders. Additional space at the rear of the garden has raised garden beds and a large outbuilding.

Outbuilding 
Two purpose built outbuildings connected by an internal door and used for storage/workshop space.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Hereford

01432 802236

Next Steps?

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