3 Bed Detached House, Refurb/BRRR, Hereford, HR1 1UA, £210,000

62 Old Eign Hill, Hereford HR1 1UA - 9 months ago

Sold STC
Cash
Refurb/BRRR
~104 m²
+11 photos

ValuationFair Value

Sold Prices£196K - £485K
Sold Prices/m²£2.2K/m² - £6.6K/m²

 

 

Square Metres

~103.70 m²
Price/m²£2K/m²

Value Estimate

£210,000

 

 

End Value (After Refurb)

£333,815

Uplift in Value

+59%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£11,700

Refurb Costs

£41,926

Bridging Loan Interest

£5,513

Total Cash In

£113,389

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£333,815

Agent Fees (1%)

£3,338

Bridging Loan

£157,500

Bridging Loan Interest

£5,513

Flip Profit

£59,589

Local Sold Prices

50 sold prices from £196K to £485K, average is £286.3K. £2.2K/m² to £6.6K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£196K12/200.04 mi11, Longworth Road, Hereford, Herefordshire HR1 1SP3
£262K03/230.04 mi12, Longworth Road, Hereford, Herefordshire HR1 1SP3
£295K01/230.07 mi15, Wellington Place, Hereford, Herefordshire HR1 1SN3
£319K12/220.1 mi12, Wellington Place, Hereford, Herefordshire HR1 1SW3
£285K04/210.1 mi12, Wellington Place, Hereford, Herefordshire HR1 1SW3
£338K07/230.11 mi12, Lighton Close, Hereford, Herefordshire HR1 1UH3
£291K10/210.11 mi87, Hampton Dene Road, Hereford, Herefordshire HR1 1UJ3
£275K11/200.11 mi97, Hampton Dene Road, Hereford, Herefordshire HR1 1UJ3
£264K05/210.11 mi101, Hampton Dene Road, Hereford, Herefordshire HR1 1UJ3
£285K05/230.11 mi93, Hampton Dene Road, Hereford, Herefordshire HR1 1UJ3
£287.5K12/200.11 mi11, Elgar Avenue, Hereford, Herefordshire HR1 1TY3
£237.5K03/210.11 mi15, St Paul Road, Hereford, Herefordshire HR1 1SR3
£290K02/230.12 mi108, Hampton Dene Road, Hereford, Herefordshire HR1 1UJ3
£270K11/200.17 mi16, Harvey Road, Hereford, Herefordshire HR1 1XB3
£385K01/230.17 mi19, Quarry Road, Hereford, Herefordshire HR1 1SS3
£285K03/230.21 mi3, Alice Close, Hereford, Herefordshire HR1 1XQ3
£285K04/230.23 mi98, Quarry Road, Hereford, Herefordshire HR1 1SU3
£310K07/210.24 mi8, Brockington Drive, Hereford, Herefordshire HR1 1TA3
£330K02/230.24 mi12, Brockington Drive, Hereford, Herefordshire HR1 1TA3
£220K12/200.24 mi27, Brockington Drive, Hereford, Herefordshire HR1 1TA3
£250K04/210.25 mi16, Lyall Close, Hereford, Herefordshire HR1 1XG3
£280K09/210.25 mi27, Lyall Close, Hereford, Herefordshire HR1 1XG3
£266K11/200.25 mi14, Lyall Close, Hereford, Hereford And Worcester HR1 1XG3
£280K07/210.26 mi9, Rowland Close, Hereford, Herefordshire HR1 1XF3
£320K01/230.27 mi22, Lyall Close, Hereford, Herefordshire HR1 1XG3
£357.6K02/230.3 mi78, Lichfield Avenue, Hereford, Herefordshire HR1 2RL3
£264K04/210.31 mi64, Gorsty Lane, Hereford, Herefordshire HR1 1UN3
£290K01/230.31 mi66, Gorsty Lane, Hereford, Herefordshire HR1 1UN3
£325K04/210.32 mi74, Church Road, Hereford, Herefordshire HR1 1RS3
£280K09/210.32 mi68, Church Road, Hereford, Herefordshire HR1 1RS3
£220K04/210.32 mi58, Church Road, Hereford, Herefordshire HR1 1RS3
£269K12/200.32 mi78, Church Road, Hereford, Herefordshire HR1 1RS3
£232.5K01/210.33 mi25, Knightswood, Hereford, Herefordshire HR1 1UZ3
£238K05/210.33 mi14, Knightswood, Hereford, Herefordshire HR1 1UZ3
£438.5K12/220.33 mi2, Westminster Avenue, Hereford, Herefordshire HR1 1QH3
£390K01/210.37 mi44, Lichfield Avenue, Hereford, Herefordshire HR1 2RJ3
£253.3K12/200.39 mi11, Backbury Road, Hereford, Herefordshire HR1 1SD3
£377.5K07/230.41 mi206, Ledbury Road, Hereford, Herefordshire HR1 1RH3
£305K05/230.41 mi32, Brookside, Hereford, Herefordshire HR1 2RW3
£295K06/210.41 mi39, Brookside, Hereford, Herefordshire HR1 2RW3
£485K01/230.42 mi45, Church Road, Hereford, Herefordshire HR1 1RR3
£380K05/230.44 mi278, Ledbury Road, Hereford, Herefordshire HR1 1QL3
£415.3K02/210.44 mi12, Church Road, Hereford, Herefordshire HR1 1RP3
£316.5K12/200.44 mi8, Brookside, Hereford, Herefordshire HR1 2RN3
£278K02/210.46 mi153, Ledbury Road, Hereford, Herefordshire HR1 1RJ3
£275K08/210.46 mi246, Ledbury Road, Hereford, Herefordshire HR1 1QD3
£315K06/230.47 mi239a, Ledbury Road, Hereford, Herefordshire HR1 1QN3
£350K11/220.5 mi312, Ledbury Road, Hereford, Herefordshire HR1 1QN3
£235K03/210.5 mi62, Seaton Avenue, Hereford, Hereford And Worcester HR1 1NR3
£355K02/230.5 mi66, Seaton Avenue, Hereford, Herefordshire HR1 1NR3

Local Rents

12 rents from £975/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.27 mi-3
£1,30012/240.27 mi-3
£1,35011/240.27 mi-3
£1,10012/240.59 mi-3
£99512/240.63 miWhittern Way, HEREFORD3
£97512/240.72 mi-3
£97508/240.72 mi-3
£1,20012/240.8 miSt. Owen Street, Hereford3
£99512/240.82 mi-3
£1,30012/240.83 mi-3
£1,15004/241.17 miWalton Close, HEREFORD3
£1,10008/241.23 mi-3

Local Area Statistics

Population in HR1

32,145

Population in Hereford

101,068

Town centre distance

4.72 miles away

Nearest school

0.20 miles away

Nearest train station

1.04 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+33%

Property History

Listed for £210,000

July 10, 2024

Floor Plans

Description

  • Detached Period property +
  • Highly favoured residential area +
  • In need of complete renovation +
  • 3 bedrooms +
  • 3 reception rooms +
  • All mains services +
  • Cash buyers only +
  • Large gardens - 0.15 of an acre +

This detached Victorian property is pleasantly located in a well-established residential area just over a mile east of the Cathedral City of Hereford. Local amenities include a range of shops, post office, churches, a bus service and the property is also in the catchment area for Bishop's secondary school. The property is in need of total renovation and provides an excellent opportunity to improve and extend (subject to necessary planning consent), to create a substantial family residence standing in large gardens.

Agent Details

Flint & Cook, Hereford

01432 802254

Next Steps?

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