2 Bed Flat, Single Let, Hereford, HR4 0AH, £140,000

Bewell Street, Hereford, HR4 0AH - 9 months ago

Leasehold
BTL
ROI: 5%
~89 m²
+13 photos

ValuationUndervalued

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

 

 

Square Metres

~89.37 m²
Price/m²£1.6K/m²

Value Estimate

£173,600
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£795 - £1,100

Rent Estimate

£819

Running Costs/mo

£621

Cashflow/mo

£198

Cashflow/yr

£2,372

ROI

5%

Gross Yield

7%

Local Sold Prices

25 sold prices from £92K to £360K, average is £148.5K. £1.6K/m² to £3.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£145K08/210.05 miFlat 2, Red Lion Court, Victoria Street, Hereford, Hereford And Worcester HR4 0BZ2
£136.7K11/210.24 mi8, Pomona Place, Hereford, Herefordshire HR4 0EF2
£105K11/220.33 miFlat 21, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£95K03/210.33 miFlat 22, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£92K06/230.33 miFlat 5, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£130K04/210.35 mi49, Kernal Road, Hereford, Herefordshire HR4 0PR2
£145K02/210.35 mi47, Kernal Road, Hereford, Herefordshire HR4 0PR2
£329K06/230.36 miFlat 8, Barton West, Barton Road, Hereford, Herefordshire HR4 0AU2
£190K06/210.37 mi14a, St Ethelbert Street, Hereford, Herefordshire HR1 2NR2
£148.5K11/200.38 miFlat 14, The Embankment, Gaol Street, Hereford, Herefordshire HR1 2AF2
£360K12/220.39 miFlat 11, Barton West, Barton Road, Hereford, Herefordshire HR4 0AU2
£240K07/210.56 miFlat, 15, Wye Way, Hereford, Herefordshire HR1 2NP2
£190K05/230.59 mi1, Nightingale Way, Hereford, Herefordshire HR1 2NQ2
£154.5K06/230.6 mi38, Huskinson Drive, Hereford, Herefordshire HR1 1DB2
£196K06/210.67 mi10, Harold Street, Hereford, Herefordshire HR1 2QU2
£175K09/220.67 mi11, Hampton Street, Hereford, Herefordshire HR1 2RA2
£136.5K06/210.77 mi3, Wyelands Close, Hereford, Herefordshire HR2 6DH2
£134K03/220.77 mi7, Wyelands Close, Hereford, Herefordshire HR2 6DH2
£163K03/230.79 miFlat 14, Arden Court, Bodenham Road, Hereford, Herefordshire HR1 2UF2
£129K12/200.8 miFlat 11, Arden Court, Bodenham Road, Hereford, Herefordshire HR1 2UF2
£120K03/220.86 mi2, Pembridge Close, Hereford, Herefordshire HR2 7AD2
£147.5K06/210.88 mi108, Ledbury Road, Hereford, Herefordshire HR1 2TB2
£165K04/230.98 mi5, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£155K09/220.98 mi3, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£155K11/220.99 mi15, Beechwood Court, Hereford, Herefordshire HR1 1DX2

Local Rents

16 rents from £795/mo to £1.1K/mo, average is £923/mo.

RentDateDistanceAddressBeds 
£79504/240.01 miBewell Street, Hereford, HR42
£98003/250.17 mi-2
£1,10012/240.22 mi-2
£1,10002/250.22 mi-2
£83004/240.26 miBalfour Close, Hereford, HR42
£84003/240.27 mi-2
£85002/250.36 mi-2
£90005/240.39 mi-2
£94505/240.39 mi-2
£94505/240.39 mi-2
£97504/240.52 miWidemarsh Street, HEREFORD2
£97504/240.52 miWidemarsh Street, HEREFORD2
£97504/240.52 miWidemarsh Street, HEREFORD2
£80011/230.52 mi-2
£89505/240.53 miCornewall Steet, Whitecross, Hereford, HR42
£82512/240.62 miBelmont Road, Belmont, Hereford, HR22

Local Area Statistics

Population in HR4

29,988

Population in Hereford

101,068

Town centre distance

3.93 miles away

Nearest school

0.10 miles away

Nearest train station

0.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+32%

Property History

Price changed to £140,000

March 16, 2025

Listed for £150,000

July 10, 2024

Floor Plans

Description

  • Located within easy walking distance of the city centre amenities +
  • In all approximately 1001 sq ft of accommodation +
  • FULL VACANT POSSESSION - NO ONWARD CHAIN +
  • Spacious entrance hall/study area +
  • Two bedrooms and shower room +
  • Large Sitting room and separate large kitchen/breakfast room +
  • Recently installed water heater and energy efficient radiators +
  • Double glazing +

FORMING PART OF A GRADE II LISTED BUILDING, A SPACIOUS FIRST FLOOR DUPLEX CITY APARTMENT NOW OFFERED WITH FULL VACANT POSSESSION

Situation - The property is situated in a central location close to the Tesco supermarket and just a few minutes walk from the city centre itself which offers a wide range of services and amenities including shops, cafes, restaurants and bars. The Courtyard Theatre, Edgar Street Football Ground, The Old Market shopping, Cinema and restaurant complex, churches, recreational and sports facilities, High Town and Church St with its boutique shops leading to the Cathedral and grounds; River Wye and parks all close by. The railway station, bus station and hospital are approximately a 10 to 15 minute walk away

Description - The property itself is offered in very good decorative order throughout and benefits from a newly installed hot water heater and energy efficient electric radiators.

The property is approached from Bewell Street via a shared entrance (shared with one other property), where there is an intercom entry system and stairs to the first floor entrance. The personal entrance to the property is at first floor level into a useful spacious reception hall which could be used as a home office or for storage etc. Stairs then lead into the main accommodation comprising of landing area, two double bedrooms and shower room, opening into a large sitting room beyond which is a spacious kitchen breakfast room. The property comprises 1001 sq feet of character accommodation with both eye level and velux windows, a fitted kitchen with ample room for a dining table and chairs, sofa, additional units etc.

Services - Mains electricity, water and drainage. Electric radiators, 'on demand' electric water heater.

Disclaimer - These particulars are intended to give a fair and reliable description of the property but no responsibility for any inaccuracy or error can be accepted and do not constitute an offer or contract. We have not tested any services or appliances (including central heating if fitted) referred to in these particulars and the purchasers are advised to satisfy themselves as to the working order and condition. If a property is unoccupied at any time there may be reconnection charges for any switched off/disconnected or drained services or appliances - All measurements are approximate.

Agent Details

Character and Country, Hereford

01432 806608

Next Steps?

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