3 Bed Semi-Detached House, Refurb/BRRR, Hereford, HR2 6AB, £289,500

Court Crescent, Hinton, Hereford, HR2 6AB - 3 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£145K - £345K
Sold Prices/m²£1.8K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£209,454

 

 

End Value (After Refurb)

£246,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£72,375

Stamp Duty & Legal Fees

£11,860

Refurb Costs

£37,702

Bridging Loan Interest

£7,599

Total Cash In

£131,286

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£246,500

Mortgage (After Refinance)

£184,875

Mortgage LTV

75%

Cash Left In

£131,286

Equity

£61,625

Rent Range

£875 - £1,350

Rent Estimate

£1,114

Running Costs/mo

£1,013

Cashflow/mo

£101

Cashflow/yr

£1,211

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £145K to £345K, average is £213.5K. £1.8K/m² to £4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£145K01/210.05 mi29, Hinton Crescent, Hereford, Herefordshire HR2 6AD3
£178K04/210.05 mi35, Hinton Crescent, Hereford, Herefordshire HR2 6AD3
£230K02/230.11 mi9, Hollybush Walk, Hereford, Herefordshire HR2 6AF3
£217K04/210.13 mi7, Lime Grove, Hereford, Hereford And Worcester HR2 6AL3
£152K10/200.13 mi11, Hawthorn Grove, Hereford, Herefordshire HR2 6AU3
£150K01/210.13 mi22, Hawthorn Grove, Hereford, Herefordshire HR2 6AU3
£183K10/210.15 mi27, Oak Avenue, Hereford, Herefordshire HR2 6AH3
£160K05/210.2 mi32, Chestnut Drive, Hereford, Herefordshire HR2 6AY3
£220K07/210.21 mi4, Willow Grove, Hereford, Herefordshire HR2 6BB3
£215K04/230.22 mi109, Hinton Road, Hereford, Herefordshire HR2 6BN3
£174K02/210.23 mi116, Hinton Road, Hereford, Hereford And Worcester HR2 6BN3
£160K12/200.23 mi112, Hinton Road, Hereford, Herefordshire HR2 6BN3
£240K07/210.23 mi112, Hinton Road, Hereford, Herefordshire HR2 6BN3
£211K03/210.23 mi109, Hinton Road, Hereford, Herefordshire HR2 6BN3
£215K11/200.27 mi102, Ross Road, Hereford, Herefordshire HR2 7RW3
£257K12/220.27 mi20, Holme Lacy Road, Hereford, Herefordshire HR2 6BY3
£190K02/210.27 mi28, Holme Lacy Road, Hereford, Herefordshire HR2 6BY3
£204.9K06/210.29 mi21, Broad Leys Crescent, Hereford, Herefordshire HR2 7RT3
£243K02/230.3 mi98, Hinton Road, Hereford, Herefordshire HR2 6BN3
£245K07/230.31 mi11, Dinedor Avenue, Hereford, Herefordshire HR2 6DW3
£215K04/210.32 mi12, Walton Close, Hereford, Hereford And Worcester HR2 6BJ3
£207.5K01/210.32 mi7, Walton Close, Hereford, Hereford And Worcester HR2 6BJ3
£260K06/210.33 mi29, St Martins Street, Hereford, Herefordshire HR2 7RD3
£186K02/210.33 mi18, Hoarwithy Road, Hereford, Herefordshire HR2 6HA3
£279.9K06/210.33 mi179, Ross Road, Hereford, Herefordshire HR2 7RP3
£195K07/210.36 mi1, Acacia Close, Hereford, Herefordshire HR2 6BP3
£204K12/200.37 mi142, Hinton Road, Hereford, Herefordshire HR2 6BW3
£218K02/210.37 mi13, Peregrine Close, Hereford, Herefordshire HR2 6BS3
£212K12/200.37 mi16, Peregrine Close, Hereford, Herefordshire HR2 6BS3
£190K04/210.37 mi4, Web Tree Avenue, Hereford, Herefordshire HR2 6HG3
£210K07/230.37 mi54, Holme Lacy Road, Hereford, Herefordshire HR2 6DA3
£175K03/210.38 mi1, Park Street, Hereford, Herefordshire HR1 2RB3
£264K01/230.39 mi36, Hazel Grove, Hereford, Herefordshire HR2 7JX3
£315K01/230.39 mi103, Holme Lacy Road, Hereford, Herefordshire HR2 6DF3
£345K06/210.39 mi28, Hazel Grove, Hereford, Herefordshire HR2 7JX3
£262K06/210.39 mi5, Hazel Grove, Hereford, Herefordshire HR2 7JX3
£166K11/200.41 mi141, Belmont Road, Hereford, Herefordshire HR2 7JR3
£212K06/210.41 mi6, Granary Grove, Hereford, Herefordshire HR2 6RZ3
£200K07/230.42 mi61, Walnut Tree Avenue, Hereford, Herefordshire HR2 7JU3
£215K03/210.42 mi17, Garrick Avenue, Hereford, Herefordshire HR2 7RU3
£263K01/230.43 mi195, Ross Road, Hereford, Herefordshire HR2 7RR3
£256K02/230.43 mi41, Hillside Avenue, Hereford, Herefordshire HR2 7LG3
£263.5K09/210.43 mi5, Mill Street, Hereford, Herefordshire HR1 2NX3
£250.5K04/210.43 mi43, Mill Street, Hereford, Herefordshire HR1 2NX3
£263K07/230.43 mi7a, Mill Street, Hereford, Herefordshire HR1 2NX3
£218K10/200.44 mi5, Kemble Close, Hereford, Herefordshire HR2 7SB3
£188.5K11/210.46 mi13, Riddimore Avenue, Hereford, Herefordshire HR2 7LJ3
£183K02/210.46 mi4, Riddimore Avenue, Hereford, Herefordshire HR2 7LJ3
£170K12/200.46 mi12, Riddimore Avenue, Hereford, Herefordshire HR2 7LJ3
£220K07/230.47 mi56, Hillside Avenue, Hereford, Herefordshire HR2 7LQ3

Local Rents

16 rents from £875/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15004/240.32 miWalton Close, HEREFORD3
£87504/240.49 miBridge Street, HEREFORD3
£99512/240.51 mi-3
£99504/240.53 miEscley Drive, HEREFORD3
£1,20012/240.54 miSt. Owen Street, Hereford3
£1,15012/240.58 miThe Hawthorns, Hereford3
£1,05012/240.72 miNew Kilvert Road, HEREFORD3
£1,10012/240.77 mi-3
£1,30012/240.95 mi-3
£1,30012/240.95 mi-3
£1,35012/240.95 mi-3
£95012/240.97 mi-3
£97509/240.97 mi-3
£97509/240.97 mi-3
£1,30012/241.04 mi-3
£1,10007/241.19 mi-3

Local Area Statistics

Population in HR2

38,935

Population in Hereford

101,068

Town centre distance

4.62 miles away

Nearest school

0.10 miles away

Nearest train station

1.05 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-47%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £289,500

November 13, 2024

Floor Plans

Description

  • Semi-detached house +
  • Spacious accommodation +
  • Three reception rooms +
  • Three bedrooms +
  • En-suite & walk-in wardrobe +
  • Generous garden and ample parking +
  • Elevated views +
  • Popular and convenient location +

Build date: 1950s
Approximate Area: 131 sq.m / 1415 sq.ft

THE PROPERTY: This semi-detached home features extended living spaces, offering potential for updating and modernisation. The ground floor includes two comfortable living rooms and a central dining room that flows into the kitchen. The conservatory overlooks the generous rear garden and includes a convenient toilet. Upstairs, there are three bedrooms, with the main bedroom benefiting from an en-suite and a walk-in wardrobe. Bedroom two has the added feature of a wash room, and there is also a family bathroom. The property is complemented by ample driveway parking at the front, ensuring practicality and ease.

LOCATION: This property enjoys an elevated position in the popular Hinton area of the city, offering open views towards the King George V playing fields. Just 1 mile from Hereford city centre, it benefits from a highly convenient location close to a range of everyday amenities. The city centre itself provides an extensive selection of shops, bars, restaurants, and facilities, making this property ideal for those seeking both comfort and accessibility.

ACCOMMODATION: Approached from the front, in detail the property comprises:

Porch: having door to hallway.

Hallway: stairs to first floor with store cupboard under, opening to the dining room.

Dining Room: window to rear, being open with the kitchen and having doors to the living room and sitting room.

Living Room: window to front, electric fire, double doors to conservatory.

Conservatory: windows and door to the rear garden, door to downstairs toilet and kitchen.

Downstairs Toilet: frosted window to rear, toilet.

Kitchen: window to rear, fitted units, worksurface with inset sink, spaces for freestanding cooker and appliances, breakfast bar, wall mounted boiler.

Sitting Room: window to front, electric fire.

Stairs in the hall provide access to the first floor Landing: having attic hatch, doors to bedrooms and bathroom.

Bedroom One: window to front, doors to walk-in wardrobe and en-suite.

En-Suite: frosted window to rear, cubicle with electric shower, toilet, vanity sink, towel radiator.

Bedroom Two: window to front aspect, built-in wardrobes, opening to a Wash Room: with window to front, vanity sink.

Bedroom Three: window to rear, fitted wardrobes, airing cupboard housing water cylinder.

Bathroom: frosted window to rear, bath, toilet, pedestal sink, and towel radiator.

Outside: To the front of the property is a tarmacadam driveway and shrub bed. A gated side path leads to the rear garden having patio seating area and lawn gardens with shrubs, small trees and flowers. There is also a timber shed and workshop.

Council Tax Band – C

Services - All mains services are connected to the property. There is a gas central heating system.

Agents Notes - None of the appliances or services mentioned in these particulars have been tested. Whilst we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you, please contact this office and we will be pleased to check the information, particularly if contemplating travelling some distance to view the property.  All measurements are approximate.

To View-  Applicants may inspect the property by prior arrangement with Andrew Morris Estate Agents, 1 Bridge Street, Hereford – telephone – email - who will be pleased to make the necessary arrangements.  For your convenience, our Bridge Street office is open Monday to Friday from 9.00am to 5.30pm, and Saturday 9.00am to 12.30pm.  Outside office hours please contact Andrew Morris on or . 
 
Money Laundering Regulations - To comply with Money Laundering Regulations, prospective purchasers will be asked to produce identification documentation at the time of making an offer.  We ask for your co-operation in order that there is no delay in agreeing the sale.

Agent Details

Andrew Morris Estate Agents Limited, Hereford

01432 805202

Next Steps?

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