2 Bed Flat, Single Let, Hereford, HR2 7QB, £140,000

Adrian Close, Hereford, HR2 7QB - 5 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~62 m²
+6 photos

ValuationOvervalued

Sold Prices£62.5K - £136.5K
Sold Prices/m²£1.1K/m² - £2.7K/m²

 

 

Square Metres

~61.90 m²
Price/m²£2.3K/m²

Value Estimate

£113,171

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£675 - £1,050

Rent Estimate

£821

Running Costs/mo

£622

Cashflow/mo

£199

Cashflow/yr

£2,392

ROI

6%

Gross Yield

7%

Local Sold Prices

20 sold prices from £62.5K to £136.5K, average is £109K. £1.1K/m² to £2.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£135K12/200.02 mi18, Bardolph Close, Hereford, Herefordshire HR2 7QA2
£62.5K10/200.13 mi8, Falstaff Road, Hereford, Herefordshire HR2 7QF2
£62.5K10/200.13 mi8, Falstaff Road, Hereford, Herefordshire HR2 7QF2
£90K07/230.27 mi244, Ross Road, Hereford, Herefordshire HR2 7PN2
£125K08/230.27 mi234, Ross Road, Hereford, Herefordshire HR2 7PN2
£98K06/220.3 mi93, Ethelstan Crescent, Hereford, Herefordshire HR2 7HS2
£105K08/210.36 mi72, Ethelstan Crescent, Hereford, Herefordshire HR2 7HS2
£94.8K03/210.42 mi19, Oak Field Road, Hereford, Herefordshire HR2 6SD2
£99K05/210.49 mi6, Stable Drive, Hereford, Herefordshire HR2 6SH2
£120.2K10/220.49 mi11, Stable Drive, Hereford, Herefordshire HR2 6SH2
£116K05/220.54 mi38, Sherborne Close, Hereford, Herefordshire HR2 7EU2
£115K05/220.54 mi42, Sherborne Close, Hereford, Herefordshire HR2 7EU2
£115K06/210.6 mi57, Homestead, Hereford, Herefordshire HR2 6HL2
£120K03/220.65 mi2, Pembridge Close, Hereford, Herefordshire HR2 7AD2
£113K03/220.67 mi82, Holme Lacy Road, Hereford, Herefordshire HR2 6DA2
£103K03/220.68 mi5, Ridgeway Avenue, Hereford, Herefordshire HR2 6HW2
£90K05/210.73 mi74, Golden Post, Hereford, Hereford And Worcester HR2 7BZ2
£70K10/200.76 mi7, Brook Farm Court, Belmont, Hereford, Herefordshire HR2 7TZ2
£134K03/220.89 mi7, Wyelands Close, Hereford, Herefordshire HR2 6DH2
£136.5K06/210.91 mi3, Wyelands Close, Hereford, Herefordshire HR2 6DH2

Local Rents

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

RentDateDistanceAddressBeds 
£88512/240.38 miCider Press Drive, Hereford, HR22
£85008/230.48 mi-2
£67512/240.49 miBlakemore Close, HEREFORD2
£86504/240.65 miCoppin Rise, Belmont, HEREFORD2
£85012/240.67 miFlaxley Drive, Hereford2
£1,05012/240.77 miHawthorn Grove, Hereford, Herefordshire, HR2 6AU2
£85004/240.77 miHolm Oak Road, Belmont, HEREFORD2
£82012/240.8 miThe Pastures, Hereford, HR22
£82512/240.82 miBelmont Road, Belmont, Hereford, HR22
£82504/240.89 mi-2

Local Area Statistics

Population in HR2

38,935

Population in Hereford

101,068

Town centre distance

5.28 miles away

Nearest school

0.10 miles away

Nearest train station

1.89 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-47%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £140,000

October 25, 2024

Floor Plans

Description

  • Leasehold Term 99 years from 25/12/2012 +
  • 2 double bedrooms with built in storage +
  • First floor apartment with private entrance +
  • Modern kitchen +
  • Access to local amenities and transport links +

Property Description

located on a no through road, this two bedroom first-floor apartment with a private entrance. Perfect for first-time buyers, investors, or those looking to downsize.

Property Details

Two bedroom first floor apartment with its own private entrance located in a residential area near the head of a close within the historic City of Hereford.
The accommodation comprises:

Private entrance hall, Living Room, Master bedroom and a single bedroom both with built in storage, Three Piece Bathroom with Shower and Fitted Kitchen. Ideally suited for first time buyers, people who wish to downsize or investors. prompt viewing is recommended.
Video Viewings:
If proceeding without a physical viewing please note that you must make all necessary additional investigations to satisfy yourself that all requirements you have of the property will be met. Video content and other marketing materials shown are believed to fairly represent the property at the time they were created.
Why the owner loves the property:
Hello, I've taken the time to write a brief summary on my property. To any potential buyers, this property is an excellent choice, the rooms are big and very spacious. The main bedroom is big enough for not one, but 2 king-size beds side by side. The second bedroom is also big enough for a king size bed or maybe used as I have for an office games room. The lounge is massive, and provides a nice breathable atmosphere, with big windows for every room! Speaking of windows, the views you get of the sunrise and sunset are amazing all year round. Into the kitchen we go and here you have two! counter top works paces. Each room has a door to keep the rooms separate when cooking, no unwanted food smells lingering in the lounge.Finally, the entrance.... is private! Your own private entrance with downstairs storage big enough for a stroller and a place to keep your shoes, and coats without taking them upstairs leading to a hallway with access to the attic for extra storage. What more could you ask for

Agent Details

Chancellors, Hereford

01432 808884

Next Steps?

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