3 Bed House, Single Let, Hereford, HR4 9BJ, £325,000

4 Palace Yard, Hereford, HR4 9BJ - 8 months ago

BTL
108 m²
+10 photos

ValuationOvervalued

Sold Prices£145K - £450K
Sold Prices/m²£1.7K/m² - £3.7K/m²

 

 

Square Metres

108 m²
Price/m²£3K/m²

Value Estimate

£261,764

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Total Cash In

£102,450

 

 

Cash Out

 

Rent Range

£875 - £1,350

Rent Estimate

£978

Running Costs/mo

£1,231

Cashflow/mo

£-253

Cashflow/yr

£-3,039

Gross Yield

4%

Local Sold Prices

50 sold prices from £145K to £450K, average is £238.3K. £1.7K/m² to £3.7K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£250K03/210.16 mi81, East Street, Hereford, Herefordshire HR1 2LU3
£260K06/210.19 mi29, St Martins Street, Hereford, Herefordshire HR2 7RD3
£263.5K09/210.32 mi5, Mill Street, Hereford, Herefordshire HR1 2NX3
£250.5K04/210.32 mi43, Mill Street, Hereford, Herefordshire HR1 2NX3
£263K07/230.32 mi7a, Mill Street, Hereford, Herefordshire HR1 2NX3
£220K05/210.33 mi24, Green Street, Hereford, Herefordshire HR1 2QG3
£200K05/210.39 mi4, Vaughan Street, Hereford, Herefordshire HR1 2HD3
£272K10/220.39 mi18, Grove Road, Hereford, Herefordshire HR1 2QP3
£214K09/210.4 mi29, Richmond Street, Hereford, Herefordshire HR4 9JN3
£205K01/210.4 mi32a, Richmond Street, Hereford, Herefordshire HR4 9JN3
£260K05/230.41 mi46, Central Avenue, Hereford, Herefordshire HR1 2JU3
£300K12/210.42 mi21, Grenfell Road, Hereford, Herefordshire HR1 2QR3
£280K03/210.42 mi31, Grenfell Road, Hereford, Herefordshire HR1 2QR3
£239.9K06/210.42 mi18, Turner Street, Hereford, Herefordshire HR1 2JS3
£289.5K08/230.42 mi7, Turner Street, Hereford, Herefordshire HR1 2JS3
£215K06/230.42 mi13, Turner Street, Hereford, Herefordshire HR1 2JS3
£263.5K03/230.43 mi61, St Guthlac Street, Hereford, Herefordshire HR1 2EX3
£209.5K04/230.45 mi34, Kernal Road, Hereford, Herefordshire HR4 0PR3
£331.6K11/210.49 mi37, Harold Street, Hereford, Herefordshire HR1 2QU3
£145K01/210.49 mi29, Hinton Crescent, Hereford, Herefordshire HR2 6AD3
£178K04/210.49 mi35, Hinton Crescent, Hereford, Herefordshire HR2 6AD3
£170K09/210.49 mi7, Greenland Road, Hereford, Herefordshire HR4 0EQ3
£230K02/230.5 mi9, Hollybush Walk, Hereford, Herefordshire HR2 6AF3
£172.5K01/210.5 mi15, Gladstone Drive, Hereford, Herefordshire HR4 9YD3
£239.9K03/210.5 mi52, Ryelands Street, Hereford, Herefordshire HR4 0LB3
£175K03/210.51 mi1, Park Street, Hereford, Herefordshire HR1 2RB3
£230K09/210.51 mi68, Breinton Road, Hereford, Hereford And Worcester HR4 0JX3
£252.5K11/200.51 mi33, Ryelands Street, Hereford, Herefordshire HR4 0LN3
£290K05/210.51 mi1, Bedford Street, Hereford, Hereford And Worcester HR4 0DR3
£250K02/230.51 mi45, Baysham Street, Hereford, Herefordshire HR4 0ET3
£277.5K11/200.51 mi8, Broomy Hill, Hereford, Herefordshire HR4 0LH3
£375K12/200.51 mi26, Broomy Hill, Hereford, Herefordshire HR4 0LH3
£195K09/210.52 mi12, Central Avenue, Hereford, Herefordshire HR1 2JT3
£237.5K05/230.52 mi12, Central Avenue, Hereford, Herefordshire HR1 2JT3
£202K04/210.52 mi9, Mostyn Street, Hereford, Hereford And Worcester HR4 0EG3
£207K12/220.52 mi25, Mostyn Street, Hereford, Herefordshire HR4 0EG3
£330K06/210.52 mi1, Eign Road, Hereford, Herefordshire HR1 2RY3
£170K11/200.53 mi40, Ledbury Road, Hereford, Herefordshire HR1 2SY3
£170K05/210.54 mi29, Moor Street, Hereford, Herefordshire HR4 9LA3
£185.9K11/200.55 mi39, Baysham Street, Hereford, Herefordshire HR4 0ET3
£205K12/200.55 mi63, Baysham Street, Hereford, Herefordshire HR4 0ET3
£230K05/210.55 mi51, Baysham Street, Hereford, Herefordshire HR4 0ET3
£235K04/210.55 mi111, Baysham Street, Hereford, Hereford And Worcester HR4 0ET3
£263.5K11/220.56 mi102, Baysham Street, Hereford, Herefordshire HR4 0EU3
£240K02/230.56 mi74, Baysham Street, Hereford, Herefordshire HR4 0EU3
£239K02/210.56 mi51, Chandos Street, Hereford, Hereford And Worcester HR4 0EY3
£450K06/230.56 mi5, Park Street, Hereford, Herefordshire HR1 2RD3
£280K11/200.56 mi38, Park Street, Hereford, Herefordshire HR1 2RD3
£199K05/210.57 mi31, Stanhope Street, Hereford, Herefordshire HR4 0HA3
£160K11/210.58 mi115, Edgar Street, Hereford, Herefordshire HR4 9JR3

Local Rents

18 rents from £875/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£87504/240.07 miBridge Street, HEREFORD3
£99512/240.38 mi-3
£1,20012/240.4 miSt. Owen Street, Hereford3
£1,10012/240.62 mi-3
£1,30012/240.71 mi-3
£1,10008/240.72 mi-3
£99504/240.8 miEscley Drive, HEREFORD3
£1,15004/240.81 miWalton Close, HEREFORD3
£99502/240.88 mi-3
£99505/240.88 miMortimer Road, Hereford3
£1,05012/241 miNew Kilvert Road, HEREFORD3
£99512/241.04 miWhittern Way, HEREFORD3
£1,30012/241.06 mi-3
£1,30012/241.06 mi-3
£1,35011/241.06 mi-3
£1,15012/241.08 miThe Hawthorns, Hereford3
£97512/241.22 mi-3
£97508/241.22 mi-3

Local Area Statistics

Population in HR4

29,988

Population in Hereford

101,068

Town centre distance

4.13 miles away

Nearest school

0.10 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+32%

Property History

Listed for £325,000

August 23, 2024

Description

'Centrally located, in the shadow of Hereford Cathedral, a unique three storey, three bedroom 'town house' of a distinct and individual style'
LOCATION
Palace Yard adjoins the grounds of The Cathedral and The Chained Library building, just off the entrance to the Bishop's Palace. Within easy reach of the property is The River Wye with its amenity value and central Hereford which offers a range of shopping, leisure and recreational facilities.
DESCRIPTION
4 Palace Yard was created approximately thirty years ago and is a unique three storey home which is provided with a gas fired central heating system. To appreciate the property's location and particular attributes a viewing is highly recommended. In more detail the accommodation comprises:
ON THE GROUND FLOOR:

Reception Hall 3.05m (10'0) x 1.78m (5'10)
Approached through a substantial front door with stairway off, coved ceiling, corner cupboard, radiator, understair store, tiled floor and opening to the kitchen and door to:
Shower/Cloakroom 1.93m (6'4) x 1.78m (5'10)
With a shower cubicle with electric shower unit, low level wc and wash basin. Window, extractor unit, radiator and tiled floor.
Kitchen/Breakfast Room 3.4m (11'2) x 2.82m (9'3)
With feature windows to the front looking towards The Cathedral and Chained Library, coved ceiling, single drainer sink unit with mixer tap, fitted base cupboards with working surface over, tiled surrounds and eye level cabinets together with a tall matching store cupboard. Electric oven with four ring gas hob over and hood above, built-in fridge, dishwasher and washing machine. Radiator and a tiled floor continues to the:
Principal Living Accommodation
Which in two parts comprises:
Dining Area 3.4m (11'2) x 2.06m (6'9)
With coving to ceiling, radiator and a pair of doors through to:
Sitting Room/Study 2.87m (9'5) x 2.44m (8'0)
With a decorative leaded window, two velux type roof lights, feature fire surround and opening to a lobby with a door to the side passage. Radiator and door to BOILER ROOM/STORE ROOM (5'11 x 3'10) with wall mounted gas fired boiler and fitted shelves.
ON THE FIRST FLOOR:

Landing 5.51m (18'1) x 1.78m (5'10)
With stairway to second floor, coved ceiling, feature window to the front looking towards The Chained Library, radiator and with door to bedrooms 1 and 2 and:
Garden Room/Reading Room 2.54m (8'4) x 2.24m (7'4)
A unique space with feature windows, pitched ceiling and radiator.
Bedroom 1 3.35m (11'0) x 3.35m (11')
With a double glazed window enjoying the full view to Hereford's Cathedral and The Chained Library, coved ceiling, radiator, wood laminate flooring and with fitted wardrobe cupboards with cabinets over the bed recess and bedside drawer units.
Bedroom 2 3.4m (11'2) x 2.06m (6'9)
With a window to the rear, coved ceiling, radiator and double wardrobe cupboard with cabinets over a bed recess.
ON THE SECOND FLOOR:

Landing
With two sets of cupboards with mirror fronted doors and with doors to the bathroom and:
Bedroom 3/Studio 4.27m (14'0) x 3.05m (10')
Enjoying the fullest view of The Cathedral and aspects of The Bishop's Palace, radiator, wood laminate flooring, panelled door to airing cupboard with insulated water cylinder and fitted shelves.
Bathroom 3.3m (10'10) x 1.6m (5'3)
With suite comprising bath, low level wc and vanity wash basin with cupboards below. Part tiled surrounds, velux type window, sunken ceiling lights, radiator and with a good range of built-in cupboards with mirror fronted feature doors.
COUNCIL TAX BAND E
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 .
22nd August 2024
ID38943
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

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