2 Bed Flat, Single Let, Hereford, HR2 6SA, £167,500

4 Peacocks Field Walk, Herefordshire, HR2 6SA - 3 views - 6 months ago

Leasehold

BTL

ROI: 3%

69 m²

+4 photos

ValuationOvervalued

Sold Prices	£62.5K - £240K
Sold Prices/m²	£1.1K/m² - £2.7K/m²

Square Metres	69.30 m²
Price/m²	£2.4K/m²
Value Estimate	£130,991£130,991

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£41,875£41,875
Stamp Duty & Legal Fees	£6,225£6,225
Total Cash In	£48,100£48,100

Cash Out
Rent Range	£675 - £1,050£675 - £1,050
Rent Estimate	£821
Running Costs/mo	£708£708
Cashflow/mo	£113£113
Cashflow/yr	£1,360£1,360
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

23 sold prices from £62.5K to £240K, average is £115K. £1.1K/m² to £2.7K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£94.8K	03/21	0.08 mi	19, Oak Field Road, Hereford, Herefordshire HR2 6SD	£1,858	51	2	Flat
£99K	05/21	0.15 mi	6, Stable Drive, Hereford, Herefordshire HR2 6SH	-	-	2	Flat
£120.2K	10/22	0.15 mi	11, Stable Drive, Hereford, Herefordshire HR2 6SH	£1,845	65	2	Flat
£90K	07/23	0.23 mi	244, Ross Road, Hereford, Herefordshire HR2 7PN	£1,324	68	2	Flat
£125K	08/23	0.23 mi	234, Ross Road, Hereford, Herefordshire HR2 7PN	£1,812	69	2	Flat
£115K	06/21	0.24 mi	57, Homestead, Hereford, Herefordshire HR2 6HL	£1,797	64	2	Flat
£103K	03/22	0.32 mi	5, Ridgeway Avenue, Hereford, Herefordshire HR2 6HW	£1,689	61	2	Flat
£113K	03/22	0.33 mi	82, Holme Lacy Road, Hereford, Herefordshire HR2 6DA	£1,738	65	2	Flat
£135K	12/20	0.38 mi	18, Bardolph Close, Hereford, Herefordshire HR2 7QA	£2,700	50	2	Flat
£62.5K	10/20	0.47 mi	8, Falstaff Road, Hereford, Herefordshire HR2 7QF	£1,059	59	2	Flat
£62.5K	10/20	0.47 mi	8, Falstaff Road, Hereford, Herefordshire HR2 7QF	£1,059	59	2	Flat
£98K	06/22	0.56 mi	93, Ethelstan Crescent, Hereford, Herefordshire HR2 7HS	£1,638	60	2	Flat
£134K	03/22	0.61 mi	7, Wyelands Close, Hereford, Herefordshire HR2 6DH	£2,030	66	2	Flat
£136.5K	06/21	0.62 mi	3, Wyelands Close, Hereford, Herefordshire HR2 6DH	£1,923	71	2	Flat
£105K	08/21	0.63 mi	72, Ethelstan Crescent, Hereford, Herefordshire HR2 7HS	-	-	2	Flat
£120K	03/22	0.67 mi	2, Pembridge Close, Hereford, Herefordshire HR2 7AD	£2,034	59	2	Flat
£102K	10/20	0.78 mi	14, St Charles Court, Lower Bullingham, Hereford, Herefordshire HR2 6EJ	-	-	2	Flat
£116K	05/22	0.83 mi	38, Sherborne Close, Hereford, Herefordshire HR2 7EU	£1,933	60	2	Flat
£115K	05/22	0.83 mi	42, Sherborne Close, Hereford, Herefordshire HR2 7EU	£1,947	59	2	Flat
£90K	05/21	0.86 mi	74, Golden Post, Hereford, Hereford And Worcester HR2 7BZ	£2,131	42	2	Flat
£240K	07/21	0.91 mi	Flat, 15, Wye Way, Hereford, Herefordshire HR1 2NP	-	-	2	Flat
£190K	05/23	0.91 mi	1, Nightingale Way, Hereford, Herefordshire HR1 2NQ	£2,627	72	2	Flat
£175K	09/22	0.94 mi	11, Hampton Street, Hereford, Herefordshire HR1 2RA	£2,692	65	2	Flat

Local Rents

11 rents from £675/mo to £1.1K/mo, average is £850/mo.

Rent	Date	Distance	Address	Beds	Type
£885	12/24	0.06 mi	Cider Press Drive, Hereford, HR2	2	Flat
£820	12/24	0.46 mi	The Pastures, Hereford, HR2	2	Terraced House
£1,050	12/24	0.49 mi	Hawthorn Grove, Hereford, Herefordshire, HR2 6AU	2	Bungalow
£825	04/24	0.6 mi	-	2	Flat
£825	12/24	0.7 mi	Belmont Road, Belmont, Hereford, HR2	2	Flat
£850	08/23	0.82 mi	-	2	Terraced House
£675	12/24	0.82 mi	Blakemore Close, HEREFORD	2	Flat
£850	12/24	0.87 mi	Flaxley Drive, Hereford	2	Terraced House
£865	04/24	0.87 mi	Coppin Rise, Belmont, HEREFORD	2	House
£895	03/25	1.03 mi	-	2	Flat
£850	04/24	1.05 mi	Holm Oak Road, Belmont, HEREFORD	2	House

Local Area Statistics

Population in HR2	38,93538,935
Population in Hereford	101,068101,068
Town centre distance	5.20 miles away5.20 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	1.65 miles away1.65 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	-47%-47%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+31%+31%

Property History

Listed for £167,500

October 15, 2024

Sold for £137,000

2017

Sold for £150,000

2006

Floor Plans

Description

Southern outskirts of the City +
Spacious 2-bed top floor flat +
Gas central heating and double glazing +
En-suite shower room +
Single garage and driveway +
Ideal for first buyer/investment +

Peacefully situated on the southern outskirts of the City, a spacious 2-bedroom top floor apartment offering ideal first-time buyer/investment accommodation. The property, which is offered for sale with no onward chain, has the added benefit of gas central heating, double-glazing, en-suite shower room, generously-sized living accommodation, single garage and we recommend an internal inspection.

Agent Details

Flint & Cook, Hereford

01432 802254

Next Steps?

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

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