2 Bed Terraced House, Single Let, Leominster, HR6 8JA, £250,000

South Street, Leominster, Herefordshire, HR6 8JA - 8 views - 5 months ago

BTL
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£92K - £517K
Sold Prices/m²£1.4K/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£175,850

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£375 - £2,500

Rent Estimate

£475

Running Costs/mo

£896

Cashflow/mo

£-421

Cashflow/yr

£-5,055

Gross Yield

2%

Local Sold Prices

50 sold prices from £92K to £517K, average is £165K. £1.4K/m² to £4.2K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£210K05/210.2 mi46, Bargates, Leominster, Herefordshire HR6 8EY2
£159K07/230.2 mi53, Bargates, Leominster, Herefordshire HR6 8EY2
£153K11/210.21 mi4, Falconer Place, Leominster, Herefordshire HR6 8AP2
£155K09/210.21 mi30, Falconer Place, Leominster, Herefordshire HR6 8AP2
£150K11/220.22 mi22, Vicarage Street, Leominster, Herefordshire HR6 8DS2
£165K06/210.23 miThe Cottage, Gateway Lane, Leominster, Herefordshire HR6 8LF2
£142K03/210.29 mi45, Battlebridge Close, Leominster, Herefordshire HR6 8TH2
£142.5K05/210.29 mi43, Battlebridge Close, Leominster, Herefordshire HR6 8TH2
£150K12/220.31 mi9, Kenelm Court, Leominster, Herefordshire HR6 8PZ2
£225K04/210.31 mi15, Perseverance Road, Leominster, Herefordshire HR6 8QR2
£170K06/210.32 mi76, Castlefields, Leominster, Hereford And Worcester HR6 8BJ2
£210K03/230.32 mi70, Castlefields, Leominster, Herefordshire HR6 8BJ2
£160K11/200.32 mi74, Castlefields, Leominster, Hereford And Worcester HR6 8BJ2
£165K12/200.35 mi49, Castlefields, Leominster, Herefordshire HR6 8BG2
£170K04/210.35 mi49, Sandpits, Leominster, Herefordshire HR6 8HT2
£170K08/210.35 mi4, Wigmore Street, Leominster, Herefordshire HR6 8PL2
£229.9K11/220.35 mi53, The Meadows, Leominster, Herefordshire HR6 8QY2
£130K09/220.35 mi9, Mill Street, Leominster, Herefordshire HR6 8EB2
£175K09/220.36 mi23, Battlebridge Close, Leominster, Herefordshire HR6 8TH2
£155K05/210.36 mi21, Osborne Place, Leominster, Hereford And Worcester HR6 8BW2
£125K05/210.36 mi4, Osborne Place, Leominster, Herefordshire HR6 8BW2
£180K04/230.37 mi2, Porters Mill Close, Leominster, Herefordshire HR6 8BL2
£171K05/230.37 mi7, Porters Mill Close, Leominster, Herefordshire HR6 8BL2
£170K05/210.38 mi94, The Meadows, Leominster, Herefordshire HR6 8RE2
£190K03/230.38 mi17, Westcroft, Leominster, Herefordshire HR6 8HF2
£150K01/230.39 mi28, George Street, Leominster, Herefordshire HR6 8JZ2
£153K05/210.39 mi41, Wigmore Street, Leominster, Herefordshire HR6 8PJ2
£250K10/210.41 miVerena, Green Lane, Leominster, Herefordshire HR6 8QN2
£275K10/220.42 mi25, Porters Mill Close, Leominster, Herefordshire HR6 8BL2
£140K05/230.47 mi46, Millers Close, Leominster, Herefordshire HR6 8BP2
£170K11/220.49 mi71, Millers Close, Leominster, Herefordshire HR6 8BP2
£136K09/220.49 mi45, Silurian Close, Leominster, Herefordshire HR6 8SZ2
£92K01/210.49 mi23, Silurian Close, Leominster, Herefordshire HR6 8SU2
£225K10/220.49 mi5, Hereford Road, Leominster, Herefordshire HR6 8JS2
£132.5K12/220.51 mi14, Silurian Close, Leominster, Herefordshire HR6 8SR2
£137K03/210.51 mi105a, Ridgemoor Road, Leominster, Herefordshire HR6 8UH2
£130K11/200.51 mi103, Ridgemoor Road, Leominster, Herefordshire HR6 8UH2
£145K08/210.51 mi6, Silurian Close, Leominster, Hereford And Worcester HR6 8SR2
£170K12/220.53 mi160, Ridgemoor Road, Leominster, Herefordshire HR6 8UN2
£160K09/220.55 mi165, Ridgemoor Road, Leominster, Herefordshire HR6 8UH2
£165K03/210.55 mi7, Hereford Road, Leominster, Herefordshire HR6 8JS2
£156.5K08/230.55 mi5, Middlemarsh, Leominster, Herefordshire HR6 8UP2
£165K03/230.55 mi27, Middlemarsh, Leominster, Herefordshire HR6 8UP2
£235K01/210.55 miTarington, Ginhall Lane, Leominster, Herefordshire HR6 8RD2
£150K06/210.57 mi112a, Bridge Street, Leominster, Herefordshire HR6 8EA2
£195K12/220.57 mi29, Middlemarsh, Leominster, Herefordshire HR6 8UP2
£517K06/210.58 miClyde House, Barons Cross Road, Leominster, Herefordshire HR6 8QX2
£187.5K08/210.62 mi39, Danesfield Drive, Leominster, Herefordshire HR6 8HP2
£250K04/210.68 mi55, Buckfield Road, Leominster, Herefordshire HR6 8SF2
£156K11/200.7 mi29, St Botolphs Green, Leominster, Herefordshire HR6 8ER2

Local Rents

31 rents from £375/mo to £2.5K/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£75005/240.03 miSouth Street, Leominster, HR62
£37506/230.06 mi-1
£52506/240.06 mi21, High Street, Leominster2
£99505/240.09 miBurgess Street, Leominster3
£65004/240.1 mi-2
£67503/240.1 mi-2
£60005/240.1 miChurch Street, Leominster2
£60011/230.11 mi-1
£1,10007/230.12 mi-3
£52503/240.12 mi-1
£47504/240.12 mi-1
£55004/250.12 mi-1
£47502/240.12 mi-1
£52507/230.12 mi-1
£47507/230.13 mi-1
£1,10008/230.2 mi-3
£80009/240.22 mi-2
£49506/230.28 mi-1
£75004/240.28 miCaswell Road, Leominster3
£1,25006/240.41 miGreen Lane, Leominster3
£62511/240.53 mi-1
£85002/240.57 mi-2
£62502/240.69 mi-1
£62502/240.69 mi-1
£1,25004/240.83 miNorth Road, Leominster3
£1,30004/240.89 mi-4
£1,30011/240.9 mi-3
£85004/240.95 miStoke Prior Lane, Leominster2
£70004/241.06 miBlanchard Close, Leominster2
£2,50003/241.86 miGoldings, Old Hop Yard, Brierley, HR6 0RN3
£80005/241.94 miKimbolton, Leominster3

Local Area Statistics

Population in HR6

20,507

Population in Leominster

20,525

Town centre distance

0.33 miles away

Nearest school

0.10 miles away

Nearest train station

0.39 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Buyer's market

Capital growth (5yrs)

+36%

Property History

Listed for £250,000

November 28, 2024

Floor Plans

Description

  • Located In The North Herefordshire Market Town Of Leominster +
  • Substantial Freehold, Grade II Listed, Mixed Commercial & Residential Premises +
  • Excellent Ground Floor Retail Shop With Kitchenette, w/c, Secondary Shop Area/Storage & Cellar +
  • Two Self Contained 1 Bed Flats On The First & Second Floor +
  • Courtyard Garden To The Rear - Further Development Potential +

Substantial Freehold, Grade II Listed, Investment Property | Offering Commercial & Residential Usage | Large Ground Floor Retail/Shop Premises With Good Double Frontage | Including Secondary retail/Storage Space & Cellar | Kitchenette & Toilet | Two Self Contained 1 Bed Flats On First & Second Floor | Benefiting From Separate Side Access | Enclosed Courtyard Garden To Rear | Excellent Investment Property

Leominster is a busy market town serving a wide catchment area, with a resident population of approximately 12,000 and a catchment population of about 40,000. The town is expanding with considerable new housing currently under conduction. The town is strategically located at the intersection of the A49 South Wales to Manchester and the A44 Worcester to mid Wales route. The town is also on the Manchester-Cardiff railway. The city of Hereford is 13 miles away, Worcester 26 miles and Shrewsbury 36 miles.

GROUND FLOOR COMMERCIAL/RETAILS SHOP PREMISES | TWO 1 BED TENANTED FLATS ON FIRST & SECOND FLOOR | ENCLOSED REAR COURTYARD | FURTHER DEVELOPMENT POTENTIAL SUBJECT TO THE RELEVENT APPROVAL

COMMERCIAL/RETAIL PREMISES - This prominent shop is located just off the main high street and comprises a double frontage with central door leading to a large principal retail area with staircase access to a useful cellar providing useful storage. To the rear is a secondary room providing addition storage with a staircase to the first floor giving access to a large landing storage space and two further rooms (this first floor space could offer potential for additional flat subject to planning and has access to the landing servicing the other flats). The shop also benefits from a kitchenette and toilet/cloakroom to the rear.

FLAT 2 - Located on the first floor and accessed via a communal hallway and stairs to the rear, the flat offers accommodation to include a large reception hallway which could easily be utilised as a study/office with large storage cupboard. A door leads to the kitchen which comprises base and wall units, inset sink to the work surface and space for appliances with a window to the rear elevation. An inner hallway has doors off to a spacious living room with sash window to the front elevation, exposed brickwork to the one wall and wall mounted electric heater. The double bedroom has a sash window to the front elevation and wall mounted electric heater. The shower, also off the inner hallway has a suite to include a shower cubical with electric shower over, low flush w/c, hand wash basin, and cupboard housing the hot water cylinder. EPC: E

FLAT 3 - Located on the second floor and accessed via a communal hallway and stairs to the rear, the flat offers accommodation to include an initial staircase to the second floor landing with cupboard storage and Velux style roof window. A door leads through to the living room with window to the front elevation and brick chimney breast with raised hearth. An archway leads off to an inner hallway with door to the kitchen which offers base and wall units, inset sink to the work surfaces and window to the rear elevation. The double bedroom has a window to the front elevation and separate bathroom with suite to include a panelled bath, low flush w/c and hand wash basin. EPC: to be confirmed

OUTSIDE - The property benefits from a private enclosed, secure passage way to the side, leading to an enclosed courtyard garden to the rear and separate access at the back of the property to a communal hallway services the flats.

Agent Details

Jackson Property, Leominster

01569 698730

Next Steps?

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