3 Bed Terraced House, Single Let, Hereford, HR2 7JU, £185,000

79 Walnut Tree Avenue, St Martins, Hereford, HR2 7JU - 8 months ago

Sold STC
BTL
ROI: 3%
~75 m²
+6 photos

ValuationFair Value

Sold Prices£115K - £345K
Sold Prices/m²£1.4K/m² - £4K/m²

 

 

Square Metres

~75 m²
Price/m²£2.5K/m²

Value Estimate

£183,140

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£10,450

Total Cash In

£56,700

 

 

Cash Out

 

Rent Range

£875 - £1,200

Rent Estimate

£950

Running Costs/mo

£788

Cashflow/mo

£162

Cashflow/yr

£1,943

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £115K to £345K, average is £200K. £1.4K/m² to £4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£200K07/230.04 mi61, Walnut Tree Avenue, Hereford, Herefordshire HR2 7JU3
£166K11/200.06 mi141, Belmont Road, Hereford, Herefordshire HR2 7JR3
£210K06/230.08 mi19, Escley Drive, Hereford, Herefordshire HR2 7LU3
£157K05/210.1 mi8, Monnow Crescent, Hereford, Herefordshire HR2 7NH3
£195K02/230.13 mi30, Blackmarston Road, Hereford, Herefordshire HR2 7AJ3
£345K06/210.13 mi28, Hazel Grove, Hereford, Herefordshire HR2 7JX3
£262K06/210.13 mi5, Hazel Grove, Hereford, Herefordshire HR2 7JX3
£264K01/230.13 mi36, Hazel Grove, Hereford, Herefordshire HR2 7JX3
£170K11/220.13 mi8, Hunderton Avenue, Hereford, Herefordshire HR2 7AB3
£185K09/210.16 mi25, Merryhill Crescent, Hereford, Herefordshire HR2 7AH3
£156.5K03/210.16 mi28, Merryhill Crescent, Hereford, Herefordshire HR2 7AH3
£115K12/200.2 mi94, Stanberrow Road, Hereford, Herefordshire HR2 7NB3
£220K01/230.2 mi206, Belmont Road, Hereford, Herefordshire HR2 7HA3
£215K11/200.21 mi102, Ross Road, Hereford, Herefordshire HR2 7RW3
£188.5K12/200.26 mi3, Charles Witts Avenue, Hereford, Herefordshire HR2 7BB3
£200K07/210.26 mi11, Honddu Close, Hereford, Herefordshire HR2 7NX3
£170K01/210.27 mi68, Hunderton Road, Hereford, Herefordshire HR2 7AP3
£177K03/210.27 mi29, Haylease Crescent, Hereford, Herefordshire HR2 7AN3
£220K07/230.27 mi56, Hillside Avenue, Hereford, Herefordshire HR2 7LQ3
£183K04/210.27 mi23, Wallis Avenue, Hereford, Herefordshire HR2 7AZ3
£256K02/230.28 mi41, Hillside Avenue, Hereford, Herefordshire HR2 7LG3
£210K06/210.29 mi11, Lacey Way, Hereford, Herefordshire HR2 7PB3
£188.5K11/210.3 mi13, Riddimore Avenue, Hereford, Herefordshire HR2 7LJ3
£183K02/210.3 mi4, Riddimore Avenue, Hereford, Herefordshire HR2 7LJ3
£170K12/200.3 mi12, Riddimore Avenue, Hereford, Herefordshire HR2 7LJ3
£185K12/200.31 mi4, Vaga Close, Hereford, Herefordshire HR2 7BH3
£226K06/230.31 mi7, Vaga Close, Hereford, Herefordshire HR2 7BH3
£279.9K06/210.31 mi179, Ross Road, Hereford, Herefordshire HR2 7RP3
£175K11/210.32 mi5, Cobhall Close, Hereford, Herefordshire HR2 7LL3
£200K07/230.32 mi8, Cobhall Close, Hereford, Herefordshire HR2 7LL3
£185K05/210.33 mi41, Charlton Avenue, Hereford, Herefordshire HR2 7HP3
£190K02/210.34 mi28, Holme Lacy Road, Hereford, Herefordshire HR2 6BY3
£183K10/210.34 mi27, Oak Avenue, Hereford, Herefordshire HR2 6AH3
£204.9K06/210.34 mi21, Broad Leys Crescent, Hereford, Herefordshire HR2 7RT3
£222.5K01/230.34 mi31, Stanberrow Road, Hereford, Herefordshire HR2 7NE3
£257K12/220.34 mi20, Holme Lacy Road, Hereford, Herefordshire HR2 6BY3
£195K05/230.35 mi57, Stanberrow Road, Hereford, Herefordshire HR2 7NE3
£172.5K02/210.35 mi57, Stanberrow Road, Hereford, Herefordshire HR2 7NE3
£230K02/230.35 mi9, Hollybush Walk, Hereford, Herefordshire HR2 6AF3
£263K01/230.37 mi195, Ross Road, Hereford, Herefordshire HR2 7RR3
£235K11/210.37 mi48, Honddu Close, Hereford, Herefordshire HR2 7NY3
£190K04/210.38 mi4, Web Tree Avenue, Hereford, Herefordshire HR2 6HG3
£160K06/210.39 mi56, Beattie Avenue, Hereford, Herefordshire HR2 7BU3
£265K01/230.39 mi14, Glastonbury Close, Belmont, Hereford, Herefordshire HR2 7YL3
£210K12/200.39 mi15, Glastonbury Close, Belmont, Hereford, Herefordshire HR2 7YL3
£217K04/210.39 mi7, Lime Grove, Hereford, Hereford And Worcester HR2 6AL3
£170K08/210.4 mi14, Grafton Walk, Hereford, Herefordshire HR2 7QS3
£215K03/210.4 mi17, Garrick Avenue, Hereford, Herefordshire HR2 7RU3
£245K07/230.4 mi11, Dinedor Avenue, Hereford, Herefordshire HR2 6DW3
£218K10/200.4 mi5, Kemble Close, Hereford, Herefordshire HR2 7SB3

Local Rents

12 rents from £875/mo to £1.2K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£99504/240.08 miEscley Drive, HEREFORD3
£1,05012/240.29 miNew Kilvert Road, HEREFORD3
£95012/240.57 mi-3
£97509/240.57 mi-3
£97509/240.57 mi-3
£1,15004/240.61 miWalton Close, HEREFORD3
£87504/240.67 miBridge Street, HEREFORD3
£1,15012/240.68 miThe Hawthorns, Hereford3
£99512/240.91 mi-3
£1,20012/240.94 miSt. Owen Street, Hereford3
£95012/240.95 miWestholme Road, Belmont, HEREFORD3
£1,10012/241.19 mi-3

Local Area Statistics

Population in HR2

38,935

Population in Hereford

101,068

Town centre distance

4.65 miles away

Nearest school

0.10 miles away

Nearest train station

1.35 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-47%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Price changed to £185,000

November 28, 2024

Price changed to £195,000

October 12, 2024

Listed for £205,000

July 31, 2024

Floor Plans

Description

Situated to the south of Hereford a three bedroom mid-terrace property with gas central heating, double glazing, enclosed rear garden and garage.
LOCATION
The property is located to the south of Hereford city in a well established residential location. In the area are a range of amenities and Hereford as a whole offers a wide range of shopping, leisure and recreational facilities together with educational establishments and both bus and railway stations.
DESCRIPTION
The subject property is a three bedroom, mid-terraced home family home with the added benefit of gas central heating, double glazing, enclosed rear garden and garage. The property comprises, entrance hall, sitting room, dining room, kitchen, first floor landing with access to three bedrooms and shower room. In more detail the accommodation comprises on the ground floor:
ON THE GROUND FLOOR:

Entrance Hall
Double glazed panelled entrance door which leads to the entrance hall with front aspect double glazed window, panelled radiator, stairs to the first floor and door to the sitting room.
Sitting Room 4.52m (14'10) x 4.55m (14'11) maximum
With front aspect double glazed window, panelled radiator, smoke alarm, under stair storage cupboard and door to the dining room.
Dining Room 3.28m (10'9) maximum x 2.34m (7'8)
With panelled radiator, storage cupboard, access to the kitchen and patio door to the rear garden.
Kitchen 3.28m (10'9) x 2.13m (7')
With rear aspect double glazed window, a range of units comprising stainless steel sink unit with double drainer. Work surface, tiled splash backs, base units under with matching wall units. Space for cooker, space for fridge, plumbing and space for washing machine and wall mounted gas central heating boiler.
ON THE FIRST FLOOR:

Landing
With access hatch to loft space, smoke alarm, airing cupboard, storage cupboard and doors to bedrooms and bathroom.
Bedroom 1 4.5m (14'9) x 2.67m (8'9)
With rear aspect double glazed window, thermostat for central heating, built in wardrobe with hanging rail and shelf and panelled radiator.
Bedroom 2 2.92m (9'7) x 2.67m (8'9) maximum
With front aspect double glazed window, built in wardrobe with hanging rail and shelf and panelled radiator.
Bedroom 3 3.1m (10'2) x 1.8m (5'11)
With rear aspect double glazed window and panelled radiator.
Shower Room 1.91m (6'3) x 1.65m (5'5)
With front aspect double glazed window, shower cubicle with electric shower, shower boarding surround, vanity wash hand basin, low flush wc and vinyl flooring.
OUTSIDE:

Garden
To the front of the property is a lawned garden with pathway leading to the front door. To the immediate rear of the property is a patio, steps lead to the main garden which is laid to lawn. The steps continue to the rear of the garden where there is a useful storage shed and a rear access gate giving access to the parking area where there is a garage. The garden is enclosed by fencing to provide a degree of privacy and also has the added benefit of an outside tap.
Garage
With up and over door.
COUNCIL TAX BAND B
Payable to Herefordshire Council.
BROADBAND & MOBILE PHONE COVERAGE
Broadband - Ultrafast available.

Mobile Phone Coverage - Please use to verify mobile coverage of different networks at this address.

SERVICES
It is understood that mains electricity, gas, water and drainage services are connected to the property. Confirmation in respect of mains service supplies should be obtained by the prospective purchaser. None of the electrical goods or other fittings has been tested and they are sold without warranty or undertaking that they are installed to current standards.
VIEWING
Strictly by appointment through the agents, telephone Hereford .
DIRECTIONAL NOTE
Proceed out of Hereford along the Belmont Road, taking the left hand turn into Walnut Tree Avenue where the property is located on the right hand side.
31st July 2024
ID38930
Disclaimer
Watkins Thomas Ltd. Registered in Cardiff, No: 8037310. These particulars are used on the strict understanding that all negotiations are conducted through WATKINS THOMAS LTD. MISREPRESENTATION ACT - 1967 WATKINS THOMAS LTD, for itself and for the Vendors of this property whose agent it is give notice that: 1. These particulars do not constitute, nor constitute any part of an offer or contract. 2. All statements contained in these particulars as to this property are made without responsibility on the part of WATKINS THOMAS LTD or the Vendor. 3. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. 4. Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 5. The Vendor does not make or give, and neither WATKINS THOMAS LTD nor any person in its employment has authority to make or give any representation or warranty whatsoever in relation to this property.

Agent Details

Watkins Thomas, Hereford

01432 272280

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪