3 Bed Detached House, Refurb/BRRR, Hereford, HR1 1UQ, £335,000

Nimrod Drive, Hereford, Herefordshire, HR1 1UQ - 2 views - 4 months ago

Refurb/BRRR
~93 m²
+17 photos

ValuationOvervalued

Sold Prices£196K - £485K
Sold Prices/m²£2.2K/m² - £6.6K/m²

 

 

Square Metres

~93 m²
Price/m²£3.6K/m²

Value Estimate

£274,056

 

 

End Value (After Refurb)

£351,250

Uplift in Value

+-2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£17,500

Refurb Costs

£37,600

Bridging Loan Interest

£8,794

Total Cash In

£149,394

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£351,250

Mortgage (After Refinance)

£263,438

Mortgage LTV

75%

Cash Released

£12,188

Cash Left In

£137,206

Equity

£87,813

Rent Range

£975 - £1,350

Rent Estimate

£1,149

Running Costs/mo

£1,347

Cashflow/mo

£-198

Cashflow/yr

£-2,381

Gross Yield

4%

Local Sold Prices

50 sold prices from £196K to £485K, average is £282.5K. £2.2K/m² to £6.6K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£320K01/230.09 mi22, Lyall Close, Hereford, Herefordshire HR1 1XG3
£290K01/230.1 mi66, Gorsty Lane, Hereford, Herefordshire HR1 1UN3
£264K04/210.1 mi64, Gorsty Lane, Hereford, Herefordshire HR1 1UN3
£250K04/210.1 mi16, Lyall Close, Hereford, Herefordshire HR1 1XG3
£280K09/210.1 mi27, Lyall Close, Hereford, Herefordshire HR1 1XG3
£266K11/200.1 mi14, Lyall Close, Hereford, Hereford And Worcester HR1 1XG3
£285K03/230.11 mi3, Alice Close, Hereford, Herefordshire HR1 1XQ3
£280K07/210.13 mi9, Rowland Close, Hereford, Herefordshire HR1 1XF3
£338K07/230.23 mi12, Lighton Close, Hereford, Herefordshire HR1 1UH3
£232.5K01/210.23 mi25, Knightswood, Hereford, Herefordshire HR1 1UZ3
£238K05/210.23 mi14, Knightswood, Hereford, Herefordshire HR1 1UZ3
£250K05/230.24 mi78, Gurney Avenue, Hereford, Herefordshire HR1 1XW3
£270K11/200.26 mi16, Harvey Road, Hereford, Herefordshire HR1 1XB3
£220K06/210.27 mi65, Gurney Avenue, Hereford, Hereford And Worcester HR1 1XN3
£280K03/230.28 mi29, Thistledown Grove, Hereford, Herefordshire HR1 1AZ3
£232.5K03/210.28 mi18, Thistledown Grove, Hereford, Hereford And Worcester HR1 1AZ3
£291K10/210.29 mi87, Hampton Dene Road, Hereford, Herefordshire HR1 1UJ3
£275K11/200.29 mi97, Hampton Dene Road, Hereford, Herefordshire HR1 1UJ3
£264K05/210.29 mi101, Hampton Dene Road, Hereford, Herefordshire HR1 1UJ3
£285K05/230.29 mi93, Hampton Dene Road, Hereford, Herefordshire HR1 1UJ3
£290K02/230.31 mi108, Hampton Dene Road, Hereford, Herefordshire HR1 1UJ3
£196K12/200.32 mi11, Longworth Road, Hereford, Herefordshire HR1 1SP3
£262K03/230.32 mi12, Longworth Road, Hereford, Herefordshire HR1 1SP3
£295K01/230.33 mi15, Wellington Place, Hereford, Herefordshire HR1 1SN3
£287.5K12/200.34 mi11, Elgar Avenue, Hereford, Herefordshire HR1 1TY3
£237.5K03/210.36 mi15, St Paul Road, Hereford, Herefordshire HR1 1SR3
£385K01/230.41 mi19, Quarry Road, Hereford, Herefordshire HR1 1SS3
£319K12/220.42 mi12, Wellington Place, Hereford, Herefordshire HR1 1SW3
£285K04/210.42 mi12, Wellington Place, Hereford, Herefordshire HR1 1SW3
£438.5K12/220.53 mi2, Westminster Avenue, Hereford, Herefordshire HR1 1QH3
£285K04/230.54 mi98, Quarry Road, Hereford, Herefordshire HR1 1SU3
£325K04/210.55 mi74, Church Road, Hereford, Herefordshire HR1 1RS3
£280K09/210.55 mi68, Church Road, Hereford, Herefordshire HR1 1RS3
£220K04/210.55 mi58, Church Road, Hereford, Herefordshire HR1 1RS3
£269K12/200.55 mi78, Church Road, Hereford, Herefordshire HR1 1RS3
£310K07/210.55 mi8, Brockington Drive, Hereford, Herefordshire HR1 1TA3
£330K02/230.55 mi12, Brockington Drive, Hereford, Herefordshire HR1 1TA3
£220K12/200.55 mi27, Brockington Drive, Hereford, Herefordshire HR1 1TA3
£357.6K02/230.58 mi78, Lichfield Avenue, Hereford, Herefordshire HR1 2RL3
£315K06/230.6 mi239a, Ledbury Road, Hereford, Herefordshire HR1 1QN3
£279.9K03/210.63 mi360, Ledbury Road, Hereford, Hereford And Worcester HR1 1QW3
£350K11/220.63 mi312, Ledbury Road, Hereford, Herefordshire HR1 1QN3
£380K05/230.64 mi278, Ledbury Road, Hereford, Herefordshire HR1 1QL3
£485K01/230.65 mi45, Church Road, Hereford, Herefordshire HR1 1RR3
£253.3K12/200.66 mi11, Backbury Road, Hereford, Herefordshire HR1 1SD3
£390K01/210.67 mi44, Lichfield Avenue, Hereford, Herefordshire HR1 2RJ3
£245K01/210.68 mi22, Perrystone Lane, Hereford, Herefordshire HR1 1QZ3
£285K04/230.68 mi26, Perrystone Lane, Hereford, Herefordshire HR1 1QZ3
£235K03/210.69 mi62, Seaton Avenue, Hereford, Hereford And Worcester HR1 1NR3
£355K02/230.69 mi66, Seaton Avenue, Hereford, Herefordshire HR1 1NR3

Local Rents

10 rents from £975/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.46 mi-3
£1,30012/240.46 mi-3
£1,35011/240.46 mi-3
£1,10012/240.9 mi-3
£99512/240.9 miWhittern Way, HEREFORD3
£97512/240.94 mi-3
£97508/240.94 mi-3
£1,20012/241.1 miSt. Owen Street, Hereford3
£99512/241.11 mi-3
£1,30012/241.14 mi-3

Local Area Statistics

Population in HR1

32,145

Population in Hereford

101,068

Town centre distance

4.99 miles away

Nearest school

0.40 miles away

Nearest train station

1.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+33%

Property History

Price changed to £335,000

February 28, 2025

Listed for £360,000

December 26, 2024

Sold for £74,500

1995

Floor Plans

Description

  • Three-bedroom detached house +
  • Garage and driveway parking +
  • Front living room with bay window +
  • Kitchen and separate dining room +
  • Conservatory with access to garage +
  • Two double bedrooms and one single bedroom +
  • Family bathroom +
  • Rear garden with lawn and patio +
  • In need of modernisation throughout +

Detached Three Bedroom House in Desirable Location North East of Hereford City | Great Potential to Create Modern Family Home | Double Glazing and Gas Central Heating | South Facing Garden | Garage and Driveway | Sold with No Onward Chain

The property is in an excellent location, just 1.8 miles from the city centre, in a sought-after residential area which has access to an excellent range of local amenities. These include St Paul’s and Hampton Dene Primary schools, and the Bishop of Hereford Bluecoat Secondary School. The property is well located for Hereford Cathedral School, local Colleges, veterinary surgery, churches, shops and public houses, with regular bus services into the city centre.

Welcome to 20 Nimrod Drive, Hereford – a spacious and versatile three-bedroom detached home offering an excellent opportunity for buyers looking to add their personal touch. Situated in a desirable residential area, this property benefits from a garage, driveway, and a well-proportioned rear garden.

On arrival, you'll be greeted by a small front garden with mature shrubs that enhance the home’s kerb appeal. The entrance hall provides access to the staircase leading to the first floor.

The ground floor comprises a bright front living room, featuring a charming bay window that fills the space with natural light. To the rear, the kitchen provides the potential to create a modern and functional space, with a dining room conveniently positioned adjacent. From here, a conservatory offers additional living space and access to the integral garage, ideal for storage or conversion subject to planning.

Upstairs, there are two spacious double bedrooms and a third single bedroom, perfect as a nursery, home office, or guest room. A family bathroom serves this level.

The rear south facing garden features a lawn and a patio area, providing a blank canvas for outdoor entertaining or landscaping.

This property is in need of modernisation throughout, making it an exciting project for those seeking to create their dream home. With its excellent location and great potential, 20 Nimrod Drive is a must-see for anyone looking to put their stamp on a family home.

Agent Details

Jackson Property, Hereford

01432 808823

Next Steps?

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