2 Bed Flat, Single Let, Hereford, HR1 2TS, £139,500

Bodenham Road, Hereford, HR1 2TS - 7 months ago

Leasehold
BTL
ROI: 5%
~86 m²
+4 photos

ValuationUndervalued

Sold Prices£92K - £240K
Sold Prices/m²£1.6K/m² - £3.3K/m²

 

 

Square Metres

~85.90 m²
Price/m²£1.6K/m²

Value Estimate

£171,585
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£34,875

Stamp Duty & Legal Fees

£8,175

Total Cash In

£43,050

 

 

Cash Out

 

Rent Range

£700 - £1,100

Rent Estimate

£806

Running Costs/mo

£617

Cashflow/mo

£189

Cashflow/yr

£2,266

ROI

5%

Gross Yield

7%

Local Sold Prices

22 sold prices from £92K to £240K, average is £148K. £1.6K/m² to £3.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£147.5K06/210.08 mi108, Ledbury Road, Hereford, Herefordshire HR1 2TB2
£163K03/230.18 miFlat 14, Arden Court, Bodenham Road, Hereford, Herefordshire HR1 2UF2
£129K12/200.19 miFlat 11, Arden Court, Bodenham Road, Hereford, Herefordshire HR1 2UF2
£128.5K05/210.19 mi15, Pilley Road, Hereford, Herefordshire HR1 1NA2
£138K09/210.45 mi7, Angela Close, Hereford, Herefordshire HR1 1TZ2
£196K06/210.49 mi10, Harold Street, Hereford, Herefordshire HR1 2QU2
£135K03/210.52 mi134, Whittern Way, Hereford, Herefordshire HR1 1PG2
£148.5K11/200.54 miFlat 14, The Embankment, Gaol Street, Hereford, Herefordshire HR1 2AF2
£175K09/220.56 mi11, Hampton Street, Hereford, Herefordshire HR1 2RA2
£190K06/210.6 mi14a, St Ethelbert Street, Hereford, Herefordshire HR1 2NR2
£105K11/220.63 miFlat 21, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£190K05/230.63 mi1, Nightingale Way, Hereford, Herefordshire HR1 2NQ2
£95K03/210.63 miFlat 22, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£92K06/230.63 miFlat 5, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£240K07/210.65 miFlat, 15, Wye Way, Hereford, Herefordshire HR1 2NP2
£155K09/220.65 mi3, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£155K11/220.65 mi15, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£165K04/230.66 mi5, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£154.5K06/230.8 mi38, Huskinson Drive, Hereford, Herefordshire HR1 1DB2
£136.5K06/210.89 mi3, Wyelands Close, Hereford, Herefordshire HR2 6DH2
£134K03/220.9 mi7, Wyelands Close, Hereford, Herefordshire HR2 6DH2
£145K08/210.96 miFlat 2, Red Lion Court, Victoria Street, Hereford, Hereford And Worcester HR4 0BZ2

Local Rents

20 rents from £700/mo to £1.1K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£85012/240.42 miAylestone Hill, Hereford, HR12
£89503/250.45 mi-2
£80012/240.45 miAngela Close, Hereford, HR12
£70012/240.48 miHereford, Herefordshire, HR12
£94505/240.54 mi-2
£94505/240.54 mi-2
£90005/240.55 mi-2
£1,10012/240.7 mi-2
£1,10002/250.7 mi-2
£98003/250.74 mi-2
£90010/240.81 mi-2
£97504/240.85 miWidemarsh Street, HEREFORD2
£97504/240.85 miWidemarsh Street, HEREFORD2
£97504/240.85 miWidemarsh Street, HEREFORD2
£82504/240.91 mi-2
£79504/240.92 miBewell Street, Hereford, HR42
£1,05012/241.03 miHawthorn Grove, Hereford, Herefordshire, HR2 6AU2
£83004/241.06 miBalfour Close, Hereford, HR42
£82512/241.16 miBelmont Road, Belmont, Hereford, HR22
£84003/241.17 mi-2

Local Area Statistics

Population in HR1

32,145

Population in Hereford

101,068

Town centre distance

4.29 miles away

Nearest school

0.50 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+33%

Property History

Listed for £139,500

September 11, 2024

Floor Plans

Description

  • Spacious second floor flat +
  • Two good sized double bedrooms +
  • Communal gardens and a very useful garage +
  • Walking distance to city centre +
  • The property is currently tenanted +

VIEWINGS COMMENCING: 17th September - In a highly desirable location and ideal for investment, or as a first home, a spacious second floor apartment, with far reaching views over the city towards the Black Mountains in the distance

Situation and Description
Bodenham Road is a sought after and well established residential area close to a range of services that are within easy walking distance, including shops, schools, colleges ,and a mainline train station. More extensive facilities are available in the city centre which lies within 0.75 of a mile.

The property itself is a spacious second floor flat with a good sized living room which enjoys far reaching views to the Black Mountains. There are two double bedrooms as well as gas fired central heating and double glazing making the flat ideal as a first home, or as an investment, particularly as there is some scope for redecoration and improvement. Outside there are communal gardens and the added advantage of a very useful garage.

On arrival, a communal entrance hall with an attractive tiled floor, provides access to the main staircase which leads up to Flat 1, with time delay lighting and roof light.

A front door then leads into a large entrance hall with a door leading into the living room which has a large double glazed dormer window enjoying fine views across the city towards the cathedral and the Black Mountains in the distance.

The kitchen is very functional and includes matching floor and wall cupboards and space for the usual appliances.

There are two good sized double bedrooms each with their own character including a Victorian fireplace, a double wardrobe and again some excellent views. The bathroom includes a bath with mixer tap and shower attachment, wash handbasin, WC and a fully tiled shower cubicle. An airing cupboard houses a gas fired combination boiler and a separate door provides access to a fire escape.

We understand from the owner that the roof was replaced in 2009 and additional insulation was included. We would however ask prospective buyers to clarify this point with their own surveyor.

Outside
The property benefits from a garage to the rear and an additional parking space.

Prospective purchasers: Upon submitting an offer, we will require by law, proof of ID for all buyers. A picture ID and a separate address ID together with proof of funding.

Services and Considerations All mains services. It is not our company policy to test services and domestic appliances, so we cannot verify that they are in working order. Any matters relating to rights of way should be checked with your solicitor or surveyor. Council tax band A = £1,458.24 pa. EPC: D 65/65. Broadband = Mbps tbc. Tenure Leasehold. Service charge £50 per month

Agent Note: It should be noted that the vendors are related to an employee of Brookes Bliss.

Directions W3W: ///first.noisy.broom
From Hereford City follow the A438 along St Owen Street and into Ledbury Road. On reaching the roundabout turn left and the property can be found immediately on your left.

Agent Details

Brookes Bliss Estate Agents, Hereford

01432 805154

Next Steps?

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