2 Bed Flat, Single Let, Hereford, HR4 0AH, £135,000

Bewell Street, Hereford, HR4 0AH - 2 views - 6 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+2 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£167,044
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Total Cash In

£39,000

 

 

Cash Out

 

Rent Range

£795 - £1,100

Rent Estimate

£809

Running Costs/mo

£604

Cashflow/mo

£205

Cashflow/yr

£2,464

ROI

6%

Gross Yield

7%

Local Sold Prices

26 sold prices from £90K to £360K, average is £148K. £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
£95K03/210.32 miFlat 22, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£92K06/230.32 miFlat 5, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£105K11/220.32 miFlat 21, 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
£329K06/230.35 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
£360K12/220.38 miFlat 11, Barton West, Barton Road, Hereford, Herefordshire HR4 0AU2
£240K07/210.56 miFlat, 15, Wye Way, Hereford, Herefordshire HR1 2NP2
£190K05/230.58 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
£136.5K06/210.76 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
£120K03/220.85 mi2, Pembridge Close, Hereford, Herefordshire HR2 7AD2
£147.5K06/210.88 mi108, Ledbury Road, Hereford, Herefordshire HR1 2TB2
£165K04/230.99 mi5, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£155K09/220.99 mi3, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£155K11/221 mi15, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£90K05/211 mi74, Golden Post, Hereford, Hereford And Worcester HR2 7BZ2

Local Rents

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

RentDateDistanceAddressBeds 
£79504/240 miBewell Street, Hereford, HR42
£98003/250.18 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
£94505/240.4 mi-2
£94505/240.4 mi-2
£80011/230.52 mi-2
£97504/240.53 miWidemarsh Street, HEREFORD2
£97504/240.53 miWidemarsh Street, HEREFORD2
£97504/240.53 miWidemarsh Street, HEREFORD2
£89505/240.53 miCornewall Steet, Whitecross, Hereford, HR42
£82512/240.61 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

Listed for £135,000

October 9, 2024

Description

  • Chain Free +
  • Ideal Investment +
  • First Floor +
  • City Centre +
  • Grade 2 Listed Building +
  • Leasehold +

Ideal Investment Opportunity - 7.1% Gross Return Forming part of a grade 2 listed building, this immaculately presented & spacious two bedroom apartment is conveniently situated in the heart of Hereford City. In brief, the accommodation comprise of entrance hall, good size kitchen/living room, bathroom, and two double bedrooms. Additional benefits include electric heating and sale completion with vetted tenant in situ. Please note there is no parking for this property. However, there are council car parks and privately owned car parks within reasonable walking distance. As we are not affiliated with these, you would need to make your own enquiries. - No Chain - Council Tax Band : A - Heating : Wall Mounted Electric Heaters - Windows : Single Glazing - Broadband : Superfast available - Mobile reception : 75% of all providers likely - TV / Sky : Available - EPC : D             - Tenure : Leasehold (125 years) First Floor Entrance Hall - with carpet flooring, wall mounted electric heater, and access off to all rooms. Living room/Kitchen - spacious room with modern kitchen complete with a range of matching base units, vinyl flooring, integrated electric oven, electric hob with extractor over, space & plumbing for washing machine, space for fridge/freezer, and open layout to living room area with carpet flooring, television point, and wall mounted electric heater. Bedroom 2 - Double room with carpet flooring and wall mounted electric heater. Please note slightly restricted floor space due to exposed wood supports. Bathroom - Modern suite to include quadrant shower cubical with electric shower, WC, wash hand basin with vanity unit, and vinyl flooring. Bedroom 1 - Double room with carpet flooring, wooden paneling, wall mounted electric heater, and ornamental fire place with surround. We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.  Please note our mobile reception & broadband availability information is taken direct from Ofcom, who state all information is given as a prediction and not a guarantee of coverage. EPC rating: D. Council tax band: A / Tenure: Leasehold / Annual ground rent: £50.00 / Annual service charge: Not a fixed amount but a 25% contribution toward total cost of specific services to the retained parts of the building (including buildings insurance), plus 50% of the common parts. Please ask our office for further details. EPC rating: D. Tenure: Leasehold, Service charge description: 25% contribution toward total building running/maintenance costs,

Agent Details

Belvoir, Hereford

01432 370000

Next Steps?

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