3 Bed Semi-Detached House, Refurb/BRRR, Hereford, HR2 7HA, £195,000

208 Belmont Road, Herefordshire, HR2 7HA - 75 views - 6 months ago

Under Offer
Refurb/BRRR
~93 m²
+7 photos

ValuationUndervalued

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

 

 

Square Metres

~93 m²
Price/m²£2.1K/m²

Value Estimate

£207,022
BMV1%

 

 

End Value (After Refurb)

£249,866

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£7,350

Refurb Costs

£37,702

Bridging Loan Interest

£5,119

Total Cash In

£100,670

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£249,866

Mortgage (After Refinance)

£187,400

Mortgage LTV

75%

Cash Released

£41,150

Cash Left In

£59,521

Equity

£62,467

Rent Range

£875 - £1,200

Rent Estimate

£877

Running Costs/mo

£976

Cashflow/mo

£-99

Cashflow/yr

£-1,191

Gross Yield

5%

Local Sold Prices

50 sold prices from £115K to £345K, average is £195K. £1.4K/m² to £4K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£220K01/230.02 mi206, Belmont Road, Hereford, Herefordshire HR2 7HA3
£185K09/210.07 mi25, Merryhill Crescent, Hereford, Herefordshire HR2 7AH3
£156.5K03/210.07 mi28, Merryhill Crescent, Hereford, Herefordshire HR2 7AH3
£195K02/230.07 mi30, Blackmarston Road, Hereford, Herefordshire HR2 7AJ3
£210K06/230.1 mi19, Escley Drive, Hereford, Herefordshire HR2 7LU3
£157K05/210.12 mi8, Monnow Crescent, Hereford, Herefordshire HR2 7NH3
£177K03/210.13 mi29, Haylease Crescent, Hereford, Herefordshire HR2 7AN3
£210K06/210.14 mi11, Lacey Way, Hereford, Herefordshire HR2 7PB3
£115K12/200.16 mi94, Stanberrow Road, Hereford, Herefordshire HR2 7NB3
£170K01/210.18 mi68, Hunderton Road, Hereford, Herefordshire HR2 7AP3
£170K11/220.2 mi8, Hunderton Avenue, Hereford, Herefordshire HR2 7AB3
£200K07/230.21 mi61, Walnut Tree Avenue, Hereford, Herefordshire HR2 7JU3
£265K01/230.21 mi14, Glastonbury Close, Belmont, Hereford, Herefordshire HR2 7YL3
£210K12/200.21 mi15, Glastonbury Close, Belmont, Hereford, Herefordshire HR2 7YL3
£185K05/210.22 mi41, Charlton Avenue, Hereford, Herefordshire HR2 7HP3
£166K11/200.23 mi141, Belmont Road, Hereford, Herefordshire HR2 7JR3
£185K12/200.24 mi4, Vaga Close, Hereford, Herefordshire HR2 7BH3
£226K06/230.24 mi7, Vaga Close, Hereford, Herefordshire HR2 7BH3
£223K06/230.26 mi21, Carwardine Green, Hereford, Herefordshire HR2 7ER3
£183K04/210.26 mi23, Wallis Avenue, Hereford, Herefordshire HR2 7AZ3
£200K07/210.27 mi11, Honddu Close, Hereford, Herefordshire HR2 7NX3
£160K06/210.27 mi56, Beattie Avenue, Hereford, Herefordshire HR2 7BU3
£230K01/230.27 mi34, Waterfield Road, Hereford, Herefordshire HR2 7ES3
£345K06/210.27 mi28, Hazel Grove, Hereford, Herefordshire HR2 7JX3
£262K06/210.27 mi5, Hazel Grove, Hereford, Herefordshire HR2 7JX3
£264K01/230.27 mi36, Hazel Grove, Hereford, Herefordshire HR2 7JX3
£222.5K01/230.28 mi31, Stanberrow Road, Hereford, Herefordshire HR2 7NE3
£195K05/230.28 mi57, Stanberrow Road, Hereford, Herefordshire HR2 7NE3
£172.5K02/210.28 mi57, Stanberrow Road, Hereford, Herefordshire HR2 7NE3
£210K01/230.29 mi24, Flaxley Drive, Hereford, Herefordshire HR2 7XQ3
£179.5K01/210.29 mi18, Waterfield Road, Hereford, Herefordshire HR2 7DD3
£160K03/210.31 mi37, Waterfield Road, Hereford, Herefordshire HR2 7EL3
£188.5K12/200.32 mi3, Charles Witts Avenue, Hereford, Herefordshire HR2 7BB3
£295K07/230.33 mi23, Tavistock Drive, Hereford, Herefordshire HR2 7XN3
£302K01/230.34 mi3, Priory View, Hereford, Herefordshire HR2 7XH3
£180K05/210.34 mi24, Millard Close, Hereford, Herefordshire HR2 7EW3
£257K03/210.34 mi50, Whitefriars Road, Hereford, Herefordshire HR2 7XF3
£195K12/200.34 mi44, Whitefriars Road, Hereford, Herefordshire HR2 7XF3
£220K07/230.34 mi56, Hillside Avenue, Hereford, Herefordshire HR2 7LQ3
£229.5K05/230.34 mi71, Waterfield Road, Hereford, Herefordshire HR2 7EN3
£180K10/210.35 mi3, Brampton Road, Hereford, Herefordshire HR2 7DE3
£195K06/230.35 mi9, Weobley Close, Hereford, Herefordshire HR2 7EJ3
£215K03/210.35 mi16, Buckfast Close, Belmont, Hereford, Herefordshire HR2 7XL3
£120K06/210.36 mi38, Ethelstan Crescent, Hereford, Herefordshire HR2 7HR3
£140K02/210.36 mi2, Barons Mead, Hereford, Herefordshire HR2 7EP3
£256K02/230.37 mi41, Hillside Avenue, Hereford, Herefordshire HR2 7LG3
£215K11/200.38 mi102, Ross Road, Hereford, Herefordshire HR2 7RW3
£175K11/210.38 mi5, Cobhall Close, Hereford, Herefordshire HR2 7LL3
£200K07/230.38 mi8, Cobhall Close, Hereford, Herefordshire HR2 7LL3
£170K12/200.39 mi12, Riddimore Avenue, Hereford, Herefordshire HR2 7LJ3

Local Rents

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

RentDateDistanceAddressBeds 
£99504/240.1 miEscley Drive, HEREFORD3
£1,05012/240.15 miNew Kilvert Road, HEREFORD3
£95012/240.43 mi-3
£97509/240.43 mi-3
£97509/240.43 mi-3
£1,15004/240.76 miWalton Close, HEREFORD3
£1,15012/240.78 miThe Hawthorns, Hereford3
£95012/240.78 miWestholme Road, Belmont, HEREFORD3
£87504/240.81 miBridge Street, HEREFORD3
£99512/241.08 mi-3
£1,20012/241.11 miSt. Owen Street, Hereford3

Local Area Statistics

Population in HR2

38,935

Population in Hereford

101,068

Town centre distance

4.69 miles away

Nearest school

0.30 miles away

Nearest train station

1.50 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-47%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Price changed to £195,000

February 16, 2025

Price changed to £199,500

November 18, 2024

Listed for £205,000

October 25, 2024

Sold for £127,000

2004

Floor Plans

Description

  • 3 bedroom semi detached house +
  • Popular residential area +
  • Garage & driveway parking +
  • Requires modernisation +

A 3-bedroom semi-detached property situated in a popular residential location with driveway parking, garage and requiring modernisation throughout.

Agent Details

Flint & Cook, Hereford

01432 802254

Next Steps?

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