2 Bed Flat, Single Let, Hereford, HR2 6DH, £150,000

Hinton, Hereford, HR2 6DH - 10 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£62.5K - £360K
Sold Prices/m²£1.1K/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£128,743

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Total Cash In

£46,700

 

 

Cash Out

 

Rent Range

£675 - £1,100

Rent Estimate

£780

Running Costs/mo

£645

Cashflow/mo

£135

Cashflow/yr

£1,623

ROI

3%

Gross Yield

6%

Local Sold Prices

36 sold prices from £62.5K to £360K, average is £127K. £1.1K/m² to £2.7K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£134K03/220.01 mi7, Wyelands Close, Hereford, Herefordshire HR2 6DH2
£136.5K06/210.03 mi3, Wyelands Close, Hereford, Herefordshire HR2 6DH2
£240K07/210.31 miFlat, 15, Wye Way, Hereford, Herefordshire HR1 2NP2
£190K05/230.31 mi1, Nightingale Way, Hereford, Herefordshire HR1 2NQ2
£113K03/220.31 mi82, Holme Lacy Road, Hereford, Herefordshire HR2 6DA2
£175K09/220.35 mi11, Hampton Street, Hereford, Herefordshire HR1 2RA2
£115K06/210.42 mi57, Homestead, Hereford, Herefordshire HR2 6HL2
£196K06/210.43 mi10, Harold Street, Hereford, Herefordshire HR1 2QU2
£120.2K10/220.45 mi11, Stable Drive, Hereford, Herefordshire HR2 6SH2
£99K05/210.45 mi6, Stable Drive, Hereford, Herefordshire HR2 6SH2
£103K03/220.52 mi5, Ridgeway Avenue, Hereford, Herefordshire HR2 6HW2
£190K06/210.53 mi14a, St Ethelbert Street, Hereford, Herefordshire HR1 2NR2
£95K03/210.57 miFlat 22, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£92K06/230.57 miFlat 5, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£105K11/220.57 miFlat 21, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£94.8K03/210.6 mi19, Oak Field Road, Hereford, Herefordshire HR2 6SD2
£90K07/230.62 mi244, Ross Road, Hereford, Herefordshire HR2 7PN2
£125K08/230.62 mi234, Ross Road, Hereford, Herefordshire HR2 7PN2
£360K12/220.65 miFlat 11, Barton West, Barton Road, Hereford, Herefordshire HR4 0AU2
£120K03/220.65 mi2, Pembridge Close, Hereford, Herefordshire HR2 7AD2
£148.5K11/200.66 miFlat 14, The Embankment, Gaol Street, Hereford, Herefordshire HR1 2AF2
£102K10/200.69 mi14, St Charles Court, Lower Bullingham, Hereford, Herefordshire HR2 6EJ2
£329K06/230.73 miFlat 8, Barton West, Barton Road, Hereford, Herefordshire HR4 0AU2
£145K08/210.78 miFlat 2, Red Lion Court, Victoria Street, Hereford, Hereford And Worcester HR4 0BZ2
£147.5K06/210.83 mi108, Ledbury Road, Hereford, Herefordshire HR1 2TB2
£136.7K11/210.87 mi8, Pomona Place, Hereford, Herefordshire HR4 0EF2
£130K04/210.88 mi49, Kernal Road, Hereford, Herefordshire HR4 0PR2
£145K02/210.88 mi47, Kernal Road, Hereford, Herefordshire HR4 0PR2
£135K12/200.89 mi18, Bardolph Close, Hereford, Herefordshire HR2 7QA2
£90K05/210.91 mi74, Golden Post, Hereford, Hereford And Worcester HR2 7BZ2
£98K06/220.92 mi93, Ethelstan Crescent, Hereford, Herefordshire HR2 7HS2
£163K03/230.94 miFlat 14, Arden Court, Bodenham Road, Hereford, Herefordshire HR1 2UF2
£62.5K10/200.95 mi8, Falstaff Road, Hereford, Herefordshire HR2 7QF2
£62.5K10/200.95 mi8, Falstaff Road, Hereford, Herefordshire HR2 7QF2
£129K12/200.95 miFlat 11, Arden Court, Bodenham Road, Hereford, Herefordshire HR1 2UF2
£105K08/210.96 mi72, Ethelstan Crescent, Hereford, Herefordshire HR2 7HS2

Local Rents

27 rents from £675/mo to £1.1K/mo, average is £865/mo.

RentDateDistanceAddressBeds 
£82504/240 mi-2
£1,05012/240.12 miHawthorn Grove, Hereford, Herefordshire, HR2 6AU2
£82512/240.41 miBelmont Road, Belmont, Hereford, HR22
£89503/250.49 mi-2
£88512/240.55 miCider Press Drive, Hereford, HR22
£82012/240.63 miThe Pastures, Hereford, HR22
£1,10012/240.71 mi-2
£1,10002/250.71 mi-2
£98003/250.73 mi-2
£79504/240.77 miBewell Street, Hereford, HR42
£94505/240.8 mi-2
£94505/240.8 mi-2
£90005/240.8 mi-2
£84003/240.84 mi-2
£80011/231 mi-2
£80012/241.01 miAngela Close, Hereford, HR12
£85012/241.03 miFlaxley Drive, Hereford2
£83004/241.03 miBalfour Close, Hereford, HR42
£85002/251.04 mi-2
£85012/241.06 miAylestone Hill, Hereford, HR12
£86504/241.07 miCoppin Rise, Belmont, HEREFORD2
£89505/241.15 miCornewall Steet, Whitecross, Hereford, HR42
£97504/241.18 miWidemarsh Street, HEREFORD2
£97504/241.18 miWidemarsh Street, HEREFORD2
£97504/241.18 miWidemarsh Street, HEREFORD2
£85008/231.22 mi-2
£67512/241.22 miBlakemore Close, HEREFORD2

Local Area Statistics

Population in HR2

38,935

Population in Hereford

101,068

Town centre distance

4.69 miles away

Nearest school

0.30 miles away

Nearest train station

1.06 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-47%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Price changed to £150,000

September 26, 2024

Listed for £158,000

June 8, 2024

Floor Plans

Description

  • Ground floor flat +
  • Two double-sized bedrooms +
  • Spacious and well-presented +
  • Allocated parking & communal gardens +
  • 119-year lease with a share of the freehold +
  • No onward chain +
  • Popular and convenient location +

Build date: 1980s
Area (approx): 72 sqm / 774 sq ft

The Property: This ground-floor flat offers spaciously designed and well-presented accommodation throughout and is being offered for sale with no onward chain. It presents an ideal purchase opportunity for first-time buyers, investors, and those looking to downsize. The property includes a living room, a kitchen, two double-sized bedrooms, and a bathroom, along with an allocated parking space and access to communal gardens.

The Lease: We understand there are 119 years remaining on the current lease. The owner will also own a share of the freehold for the building.

Location: The property is conveniently situated just half a mile from Hereford city centre, in the well-established Hinton area. This location offers a wide range of everyday amenities and easy access to the King George V play fields and River Wye walks. Hereford city centre provides a vast array of shops, stores, bars, restaurants, and facilities including a train station, hospital, and cinema.

Accommodation: Approached via the communal hall, in detail the property comprises:

Hallway: having store cupboard, doors to living room, kitchen, bedrooms, and bathroom.

Living/Dining Room: 13'6" x 16'9" (max) - having two double-glazed windows.

Kitchen: 9'9" x 8'5" - having double-glazed window, range of shaker style fitted units, work surface with inset sink, 4 ring gas hob with built-in cooker and extractor over, space for fridge/freezer, washing machine and tumble dryer (appliances are included).

Bedroom One: 11'6" x 11'7" - dual aspect double-glazed windows, airing cupboard housing combination boiler, built-in double-door wardrobe.

Bedroom Two: 12' x 13' - double-glazed window, built-in double-door wardrobe.

Bathroom: 12' x 5'8" - bath with mains rainwater mixer shower over, toilet, pedestal wash basin.

Outside: The site offers maintained communal gardens and there is the benefit of an allocated parking space.

Council Tax Band - A

Services - Mains gas, electric, water and drainage are connected to the property.

Lease Information: We understand there are 119 years remaining on the current lease. The owner will also own a share of the freehold for the building.

Ground Rent & Maintenance Charge: approx. £50 pcm

Agent’s Note - None of the appliances or services mentioned in these particulars have been tested.

Money Laundering Regulations: To comply with Money Laundering Regulations, prospective purchasers will be asked to produce identification documentation at the time of making an offer.  We ask for your co-operation in order that there is no delay in agreeing the sale.

Consumer Protection from Unfair Trading Regulations 2008 (CPR): We endeavour to ensure that the details contained in our brochure are correct through making detailed enquiries of the owner but they are not guaranteed. Andrew Morris Estate Agents limited have not tested any appliance, equipment, fixture, fitting or service and have not seen the title deeds to confirm tenure. None of the statements contained in these particulars as to this property are to be relied on as a representation of facts. Any intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each statement contained within these particulars.

Referral Fees: Andrew Morris estate agents may benefit from commission or fee from other services offered to the client. These services include but may not be limited to conveyancing, financial advice, surveys and insurance.

Agent Details

Andrew Morris Estate Agents Limited, Hereford

01432 805202

Next Steps?

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