3 Bed Bungalow, Refurb/BRRR, Hereford, HR2 8BJ, £330,000





ValuationOvervalued
Sold Prices | £80K - £279.9K |
Sold Prices/m² | £1K/m² - £6.1K/m² |
| |
Square Metres | ~93 m² |
Price/m² | £3.5K/m² |
Value Estimate | £216,469£216,469 |
| |
End Value (After Refurb) | £255,000£255,000 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £82,500£82,500 |
Stamp Duty & Legal Fees | £21,700£21,700 |
Refurb Costs | £37,702£37,702 |
Bridging Loan Interest | £8,663£8,663 |
Total Cash In | £152,314£152,314 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £255,000£255,000 |
Mortgage (After Refinance) | £191,250£191,250 |
Mortgage LTV | 75%75% |
Cash Left In | £152,314£152,314 |
Equity | £63,750£63,750 |
Rent Range | £469 - £1,600£469 - £1,600 |
Rent Estimate | £849 |
Running Costs/mo | £987£987 |
Cashflow/mo | £-138£-138 |
Cashflow/yr | £-1,652£-1,652 |
Gross Yield | 3%3% |
Local Sold Prices
50 sold prices from £80K to £279.9K, average is £198.7K. £1K/m² to £6.1K/m², average is £2.5K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£242K | 12/22 | 0.12 mi | 4, Bardolph Close, Hereford, Herefordshire HR2 7QA | - | - | 3 | Semi-Detached House | |
£187.5K | 06/21 | 0.14 mi | 4, Quicksetts, Hereford, Hereford And Worcester HR2 7PP | £2,315 | 81 | 3 | Terraced House | |
£210K | 09/21 | 0.16 mi | 16, Beaufort Avenue, Hereford, Herefordshire HR2 7QD | £3,000 | 70 | 3 | Semi-Detached House | |
£255K | 07/21 | 0.16 mi | 275, Ross Road, Hereford, Herefordshire HR2 7QJ | - | - | 3 | Semi-Detached House | |
£163K | 02/21 | 0.19 mi | 26, Marlbrook Road, Hereford, Herefordshire HR2 7NS | £2,203 | 74 | 3 | Semi-Detached House | |
£199.9K | 09/21 | 0.2 mi | 11, Falstaff Road, Hereford, Herefordshire HR2 7QF | £2,083 | 96 | 3 | Terraced House | |
£222K | 01/23 | 0.2 mi | 9, Falstaff Road, Hereford, Herefordshire HR2 7QF | £2,707 | 82 | 3 | Terraced House | |
£197.5K | 12/20 | 0.26 mi | 1, Clover Piece Walk, Hereford, Herefordshire HR2 7SZ | £2,782 | 71 | 3 | Terraced House | |
£239.9K | 06/23 | 0.26 mi | 6, Clover Piece Walk, Hereford, Herefordshire HR2 7SZ | £3,025 | 79 | 3 | Semi-Detached House | |
£256K | 02/23 | 0.27 mi | 27, Thoresby Drive, Hereford, Herefordshire HR2 7RF | £6,095 | 42 | 3 | Semi-Detached House | |
£210K | 08/21 | 0.27 mi | 27, Thoresby Drive, Hereford, Herefordshire HR2 7RF | £5,000 | 42 | 3 | Semi-Detached House | |
£170K | 08/21 | 0.29 mi | 14, Grafton Walk, Hereford, Herefordshire HR2 7QS | £1,683 | 101 | 3 | Terraced House | |
£215K | 12/20 | 0.3 mi | 1, Campbell Close, Hereford, Herefordshire HR2 6GH | £2,622 | 82 | 3 | Detached House | |
£235K | 11/21 | 0.31 mi | 48, Honddu Close, Hereford, Herefordshire HR2 7NY | £3,013 | 78 | 3 | Semi-Detached House | |
£220K | 03/21 | 0.37 mi | 1, Bradbury Close, Hereford, Herefordshire HR2 7RX | £2,340 | 94 | 3 | Semi-Detached House | |
£262.5K | 12/22 | 0.37 mi | 5, Bradbury Close, Hereford, Herefordshire HR2 7RX | - | - | 3 | Semi-Detached House | |
£235K | 04/21 | 0.37 mi | 8, Bradbury Close, Hereford, Herefordshire HR2 7RX | £3,001 | 78 | 3 | Semi-Detached House | |
£175K | 11/21 | 0.37 mi | 77, Brampton Road, Hereford, Herefordshire HR2 7DQ | - | - | 3 | Terraced House | |
£157.5K | 10/20 | 0.37 mi | 75, Brampton Road, Hereford, Herefordshire HR2 7DQ | £1,898 | 83 | 3 | Terraced House | |
£186K | 02/21 | 0.37 mi | 11, Bluebell Walk, Hereford, Herefordshire HR2 6GP | £2,776 | 67 | 3 | Semi-Detached House | |
£120K | 06/21 | 0.39 mi | 38, Ethelstan Crescent, Hereford, Herefordshire HR2 7HR | - | - | 3 | Semi-Detached House | |
£195K | 05/23 | 0.39 mi | 57, Stanberrow Road, Hereford, Herefordshire HR2 7NE | £1,840 | 106 | 3 | Semi-Detached House | |
£172.5K | 02/21 | 0.39 mi | 57, Stanberrow Road, Hereford, Herefordshire HR2 7NE | £1,627 | 106 | 3 | Semi-Detached House | |
£222.5K | 01/23 | 0.39 mi | 31, Stanberrow Road, Hereford, Herefordshire HR2 7NE | £3,272 | 68 | 3 | Semi-Detached House | |
£175K | 11/21 | 0.4 mi | 5, Cobhall Close, Hereford, Herefordshire HR2 7LL | - | - | 3 | Terraced House | |
£200K | 07/23 | 0.4 mi | 8, Cobhall Close, Hereford, Herefordshire HR2 7LL | £2,532 | 79 | 3 | Terraced House | |
£218K | 10/20 | 0.41 mi | 5, Kemble Close, Hereford, Herefordshire HR2 7SB | £3,028 | 72 | 3 | Semi-Detached House | |
£200K | 07/21 | 0.42 mi | 11, Honddu Close, Hereford, Herefordshire HR2 7NX | £2,778 | 72 | 3 | Semi-Detached House | |
£188.5K | 11/21 | 0.42 mi | 13, Riddimore Avenue, Hereford, Herefordshire HR2 7LJ | - | - | 3 | Terraced House | |
£183K | 02/21 | 0.42 mi | 4, Riddimore Avenue, Hereford, Herefordshire HR2 7LJ | £2,058 | 89 | 3 | Terraced House | |
£170K | 12/20 | 0.42 mi | 12, Riddimore Avenue, Hereford, Herefordshire HR2 7LJ | £2,152 | 79 | 3 | Terraced House | |
£263K | 01/23 | 0.43 mi | 195, Ross Road, Hereford, Herefordshire HR2 7RR | - | - | 3 | Semi-Detached House | |
£220K | 07/23 | 0.43 mi | 56, Hillside Avenue, Hereford, Herefordshire HR2 7LQ | - | - | 3 | Terraced House | |
£215K | 03/21 | 0.43 mi | 17, Garrick Avenue, Hereford, Herefordshire HR2 7RU | £2,986 | 72 | 3 | Semi-Detached House | |
£80K | 04/21 | 0.44 mi | 1, Grosmont Grove, Hereford, Herefordshire HR2 7EG | £1,014 | 79 | 3 | Terraced House | |
£256K | 02/23 | 0.45 mi | 41, Hillside Avenue, Hereford, Herefordshire HR2 7LG | £3,122 | 82 | 3 | Terraced House | |
£245K | 04/23 | 0.46 mi | 2, Stable Drive, Hereford, Herefordshire HR2 6SH | £2,289 | 107 | 3 | Terraced House | |
£195K | 12/22 | 0.47 mi | 5, Ludlow Place, Hereford, Herefordshire HR2 7EB | £2,532 | 77 | 3 | Terraced House | |
£220K | 06/21 | 0.47 mi | 41, Poppy Walk, Hereford, Herefordshire HR2 6SP | £2,946 | 75 | 3 | Semi-Detached House | |
£133.5K | 08/21 | 0.47 mi | 5, Ludlow Place, Hereford, Herefordshire HR2 7EB | £1,734 | 77 | 3 | Terraced House | |
£163K | 03/21 | 0.47 mi | 15, Kilpeck Avenue, Hereford, Herefordshire HR2 7DT | - | - | 3 | Terraced House | |
£185K | 05/21 | 0.48 mi | 41, Charlton Avenue, Hereford, Herefordshire HR2 7HP | £2,534 | 73 | 3 | Semi-Detached House | |
£190K | 04/21 | 0.48 mi | 4, Web Tree Avenue, Hereford, Herefordshire HR2 6HG | £2,111 | 90 | 3 | Semi-Detached House | |
£212K | 06/21 | 0.48 mi | 6, Granary Grove, Hereford, Herefordshire HR2 6RZ | £2,827 | 75 | 3 | Semi-Detached House | |
£182.5K | 08/21 | 0.5 mi | 4, Brobury Close, Hereford, Herefordshire HR2 7JB | - | - | 3 | Terraced House | |
£146K | 06/21 | 0.51 mi | 14, Skenfrith Walk, Hereford, Herefordshire HR2 7DP | - | - | 3 | Terraced House | |
£115K | 12/20 | 0.51 mi | 94, Stanberrow Road, Hereford, Herefordshire HR2 7NB | £1,402 | 82 | 3 | Terraced House | |
£195K | 06/23 | 0.52 mi | 9, Weobley Close, Hereford, Herefordshire HR2 7EJ | £2,378 | 82 | 3 | Terraced House | |
£279.9K | 06/21 | 0.53 mi | 179, Ross Road, Hereford, Herefordshire HR2 7RP | - | - | 3 | Semi-Detached House | |
£158K | 10/20 | 0.53 mi | 13, John Tarrant Close, Hereford, Herefordshire HR2 7JA | £2,107 | 75 | 3 | Terraced House |
Local Rents
53 rents from £469/mo to £1.6K/mo, average is £825/mo.
Rent | Date | Distance | Address | Beds | Type | |
£885 | 12/24 | 0.35 mi | Cider Press Drive, Hereford, HR2 | 2 | Flat | |
£700 | 11/24 | 0.35 mi | - | 1 | Flat | |
£1,150 | 12/24 | 0.45 mi | The Hawthorns, Hereford | 3 | House | |
£950 | 12/24 | 0.5 mi | - | 3 | Terraced House | |
£975 | 10/24 | 0.5 mi | - | 3 | Terraced House | |
£975 | 10/24 | 0.5 mi | - | 3 | Terraced House | |
£651 | 01/25 | 0.53 mi | - | 4 | Flat | |
£850 | 08/23 | 0.55 mi | - | 2 | Terraced House | |
£1,050 | 12/24 | 0.55 mi | New Kilvert Road, HEREFORD | 3 | Semi-Detached House | |
£675 | 12/24 | 0.55 mi | Blakemore Close, HEREFORD | 2 | Flat | |
£625 | 08/23 | 0.59 mi | - | 1 | Flat | |
£995 | 04/24 | 0.64 mi | Escley Drive, HEREFORD | 3 | Semi-Detached House | |
£650 | 12/24 | 0.65 mi | Holme Lacy Road, Hereford, HR2 | 1 | Flat | |
£1,150 | 04/24 | 0.69 mi | Walton Close, HEREFORD | 3 | House | |
£1,600 | 04/24 | 0.71 mi | Hereford, Herefordshire, HR2 | 6 | Detached House | |
£865 | 04/24 | 0.72 mi | Coppin Rise, Belmont, HEREFORD | 2 | House | |
£820 | 12/24 | 0.74 mi | The Pastures, Hereford, HR2 | 2 | Terraced House | |
£850 | 12/24 | 0.75 mi | Flaxley Drive, Hereford | 2 | Terraced House | |
£700 | 12/24 | 0.75 mi | Belmont Road, Hereford, HR2 | 1 | Flat | |
£1,050 | 12/24 | 0.76 mi | Hawthorn Grove, Hereford, Herefordshire, HR2 6AU | 2 | Bungalow | |
£700 | 12/24 | 0.79 mi | - | 1 | Flat | |
£469 | 08/24 | 0.82 mi | - | 1 | Flat | |
£625 | 03/25 | 0.83 mi | - | 1 | Terraced House | |
£600 | 12/24 | 0.83 mi | Peregrine Close, Hereford, HR2 | 1 | Flat | |
£850 | 04/24 | 0.85 mi | Holm Oak Road, Belmont, HEREFORD | 2 | House | |
£825 | 12/24 | 0.85 mi | Belmont Road, Belmont, Hereford, HR2 | 2 | Flat | |
£825 | 04/24 | 0.88 mi | - | 2 | Flat | |
£895 | 04/25 | 0.88 mi | - | 2 | Terraced House | |
£795 | 12/24 | 0.9 mi | - | 1 | Semi-Detached House | |
£795 | 12/24 | 0.9 mi | - | 1 | Semi-Detached House | |
£695 | 04/24 | 0.91 mi | Blackthorn Close, Belmont, HEREFORD | 1 | House | |
£625 | 12/24 | 0.91 mi | Belmont, Hereford | 1 | Flat | |
£800 | 04/25 | 0.94 mi | - | 2 | Terraced House | |
£950 | 12/24 | 0.98 mi | Westholme Road, Belmont, HEREFORD | 3 | Terraced House | |
£675 | 12/24 | 1.15 mi | St James, Hereford | 1 | Flat | |
£750 | 03/25 | 1.18 mi | - | 1 | Flat | |
£1,600 | 12/24 | 1.19 mi | Dorchester Way, Hereford, HR2 | 6 | Detached House | |
£795 | 03/24 | 1.22 mi | - | 1 | Flat | |
£675 | 11/24 | 1.23 mi | - | 1 | Flat | |
£695 | 02/25 | 1.24 mi | - | 1 | Flat | |
£875 | 04/24 | 1.27 mi | Bridge Street, HEREFORD | 3 | Flat | |
£1,250 | 04/24 | 1.28 mi | Bridge Street, Hereford | 4 | House | |
£895 | 03/25 | 1.34 mi | - | 2 | Flat | |
£495 | 02/25 | 1.34 mi | - | 1 | Flat | |
£720 | 04/24 | 1.35 mi | Old Mill Close, HEREFORD | 1 | Flat | |
£995 | 12/24 | 1.35 mi | - | 3 | Terraced House | |
£1,500 | 08/24 | 1.37 mi | - | 5 | Semi-Detached House | |
£1,500 | 08/24 | 1.37 mi | - | 5 | Semi-Detached House | |
£1,200 | 12/24 | 1.38 mi | St. Owen Street, Hereford | 3 | House | |
£840 | 03/24 | 1.38 mi | - | 2 | Flat | |
£800 | 11/23 | 1.39 mi | - | 2 | Terraced House | |
£645 | 05/24 | 1.42 mi | Kernal Road, Hereford | 1 | Flat | |
£575 | 12/24 | 1.43 mi | Clive Street, Hereford | 1 | Flat |
Local Area Statistics
Population in HR2 | 38,93538,935 |
Population in Hereford | 101,068101,068 |
Town centre distance | 5.33 miles away5.33 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 1.90 miles away1.90 miles away |
| |
Rental demand | Balanced marketBalanced market |
Rental growth (12m) | -47%-47% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +31%+31% |
Property History
Price changed to £330,000
December 26, 2024
Listed for £340,000
November 13, 2024
Floor Plans

Description
- NO ONWARD CHAIN +
- In Need Of Modernisation +
- Off Road Parking +
- Detached Dorma Bungalow +
- Great Size Rear Garden +
SUMMARY
Situated to the South of Hereford City centre in a popular and convenient location this wonderful detached Dorma bungalow needs modernisation throughout but could be made into something beautiful. Being offered with NO ONWARD CHAIN this is one you don't want to miss.
DESCRIPTION
Being sold with NO ONWARD CHAIN this three bedroom Dorma bungalow offers great size rooms throughout. Situated in a popular and convenient location South to Herford this lovely home needs modernisation throughout but does have the potential to be something beautiful. The home also has a great size garden to the rear and briefly comprises: Off road parking, garden to the front, entrance hall, lounge, dining room, kitchen, downstairs wet room, two bedrooms, first floor landing, bedroom upstairs and a good size garden to the rear.
Approach
A drop curb giving access to the tarmac driveway which leads down the side of the home into the carport. To the front of the home you have a great size lawn area with mature shrubs and plants to the boarders. There is access behind the carport which leads to the rear garden and the door to the front leads to:
Entrance Hall
Double glazed door to front, central heating radiator, stairs to first floor landing, ceiling light point and door to the following.
Lounge 17' 11" into bay x 11' 11" max ( 5.46m into bay x 3.63m max )
Double glazed bay window to front elevation, two central heating radiators, fire place with brick surround and ceiling light point.
Dining Room 10' 11" x 9' 11" ( 3.33m x 3.02m )
Double glazed window to side elevation, central heating radiator, ceiling light point, doors to inner hall with double glazed door to the side which gives access to the rear garden.
Kitchen 10' 4" x 8' 5" ( 3.15m x 2.57m )
Fitted kitchen with wooden wall and base units with roll top work surfaces over, one bowl sink and drainer with splash back tiling to walls, space for cooker with cooker hood over, space for fridge freezer, plumbing for washing machine, ceiling light point and double glazed window to rear elevation.
Bedroom One 9' 11" x 11' 11" ( 3.02m x 3.63m )
Double glazed window to front elevation, central heating radiator and ceiling light point.
Bedroom Three 12' x 13' 5" max ( 3.66m x 4.09m max )
Double glazed window to front elevation, built in wardrobes, central heating radiator and ceiling light point.
Wet Room
A good size wet room which briefly comprises: low level WC, wash hand basin, fully tiled, extractor fan, double glazed obscure window to side elevation, central heating radiator and ceiling light point.
First Floor Landing
Double glazed window to side elevation, ceiling light point and doors to bedrooms.
Bedroom Two 10' 2" plus recess x 9' 11" ( 3.10m plus recess x 3.02m )
Double glazed window to side elevation, central heating radiator and ceiling light point.
Rear Garden
A great size garden to the rear which is mainly lawn to lawn with mature shrubs and fencing to the boarders with access leading back to the front of the home.
1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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