2 Bed Flat, Single Let, Hereford, HR4 0JR, £157,500

10 Eden Court, Ryelands Street, Hereford HR4 0JR - 9 months ago

Sold STC

Leasehold

BTL

ROI: 3%

~68 m²

+8 photos

ValuationFair Value

Sold Prices	£90K - £360K
Sold Prices/m²	£1.6K/m² - £3.3K/m²

Square Metres	~68.30 m²
Price/m²	£2.3K/m²
Value Estimate	£154,896£154,896

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£39,375£39,375
Stamp Duty & Legal Fees	£5,925£5,925
Total Cash In	£45,300£45,300

Cash Out
Rent Range	£795 - £1,100£795 - £1,100
Rent Estimate	£798
Running Costs/mo	£672£672
Cashflow/mo	£126£126
Cashflow/yr	£1,515£1,515
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

22 sold prices from £90K to £360K, average is £145K. £1.6K/m² to £3.3K/m², average is £2.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£136.7K	11/21	0.1 mi	8, Pomona Place, Hereford, Herefordshire HR4 0EF	-	-	2	Flat
£130K	04/21	0.19 mi	49, Kernal Road, Hereford, Herefordshire HR4 0PR	£2,500	52	2	Flat
£145K	02/21	0.19 mi	47, Kernal Road, Hereford, Herefordshire HR4 0PR	£2,636	55	2	Flat
£145K	08/21	0.23 mi	Flat 2, Red Lion Court, Victoria Street, Hereford, Hereford And Worcester HR4 0BZ	-	-	2	Flat
£329K	06/23	0.32 mi	Flat 8, Barton West, Barton Road, Hereford, Herefordshire HR4 0AU	-	-	2	Flat
£360K	12/22	0.39 mi	Flat 11, Barton West, Barton Road, Hereford, Herefordshire HR4 0AU	-	-	2	Flat
£95K	03/21	0.6 mi	Flat 22, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP	-	-	2	Flat
£92K	06/23	0.6 mi	Flat 5, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP	£1,586	58	2	Flat
£105K	11/22	0.6 mi	Flat 21, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP	-	-	2	Flat
£190K	06/21	0.64 mi	14a, St Ethelbert Street, Hereford, Herefordshire HR1 2NR	£2,405	79	2	Flat
£148.5K	11/20	0.66 mi	Flat 14, The Embankment, Gaol Street, Hereford, Herefordshire HR1 2AF	-	-	2	Flat
£154.5K	06/23	0.73 mi	38, Huskinson Drive, Hereford, Herefordshire HR1 1DB	£3,287	47	2	Flat
£112K	02/23	0.78 mi	54, Sheridan Road, Hereford, Herefordshire HR4 0NQ	£1,697	66	2	Flat
£240K	07/21	0.81 mi	Flat, 15, Wye Way, Hereford, Herefordshire HR1 2NP	-	-	2	Flat
£190K	05/23	0.84 mi	1, Nightingale Way, Hereford, Herefordshire HR1 2NQ	£2,627	72	2	Flat
£120K	03/22	0.86 mi	2, Pembridge Close, Hereford, Herefordshire HR2 7AD	£2,034	59	2	Flat
£148K	03/23	0.93 mi	13, Barricombe Drive, Hereford, Herefordshire HR4 0NU	-	-	2	Flat
£175K	09/22	0.93 mi	11, Hampton Street, Hereford, Herefordshire HR1 2RA	£2,692	65	2	Flat
£90K	05/21	0.94 mi	74, Golden Post, Hereford, Hereford And Worcester HR2 7BZ	£2,131	42	2	Flat
£196K	06/21	0.94 mi	10, Harold Street, Hereford, Herefordshire HR1 2QU	-	-	2	Flat
£136.5K	06/21	0.97 mi	3, Wyelands Close, Hereford, Herefordshire HR2 6DH	£1,923	71	2	Flat
£134K	03/22	0.97 mi	7, Wyelands Close, Hereford, Herefordshire HR2 6DH	£2,030	66	2	Flat

Local Rents

10 rents from £795/mo to £1.1K/mo, average is £850/mo.

Rent	Date	Distance	Address	Beds	Type
£850	02/25	0.09 mi	-	2	Terraced House
£840	03/24	0.15 mi	-	2	Flat
£830	04/24	0.22 mi	Balfour Close, Hereford, HR4	2	Terraced House
£895	05/24	0.26 mi	Cornewall Steet, Whitecross, Hereford, HR4	2	Terraced House
£795	04/24	0.27 mi	Bewell Street, Hereford, HR4	2	Flat
£800	11/23	0.31 mi	-	2	Terraced House
£850	02/25	0.42 mi	Gruniesen St, Whitecross, Hereford, HR4	2	Flat
£980	03/25	0.44 mi	-	2	Flat
£1,100	12/24	0.49 mi	-	2	Flat
£1,100	02/25	0.49 mi	-	2	Flat

Local Area Statistics

Population in HR4	29,98829,988
Population in Hereford	101,068101,068
Town centre distance	3.80 miles away3.80 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.80 miles away0.80 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+9%+9%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+32%+32%

Property History

Price changed to £157,500

December 4, 2024

Listed for £159,950

July 11, 2024

Floor Plans

Description

2 double bedrooms +
2 bathrooms +
Second floor apartment +
Ideal first time buyer/ investor accommodation +
Allocated parking +
Short walk from City Centre +
NO ONWARD CHAIN +

Situated in the popular residential location of Whitecross just a short walk from Hereford City Centre a 2 bedroom second floor apartment offering ideal first time buyer/investor accommodation and being sold with the added benefit of NO ONWARD CHAIN. The property also has the added benefit of allocated parking, 2 double bedrooms (1 with en-suite), gas central heating, double-glazing and we highly recommend an internal inspection.

Agent Details

Flint & Cook, Hereford

01432 802254

Next Steps?

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