3 Bed Semi-Detached House, Refurb/BRRR, Leominster, HR6 9PH, £250,000

Lucton, Leominster, Herefordshire, HR6 9PH - 2 views - 3 months ago

Refurb/BRRR

Planning

ROI: 1%

~93 m²

+8 photos

ValuationFair Value

Sold Prices	£186K - £433.5K
Sold Prices/m²	£2.3K/m² - £4.4K/m²

Square Metres	~93 m²
Price/m²	£2.7K/m²
Value Estimate	£250,000£250,000

End Value (After Refurb)	£303,261£303,261
Uplift in Value	+21%+21%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£8,700£8,700
Refurb Costs	£37,558£37,558
Bridging Loan Interest	£6,563£6,563
Total Cash In	£117,071£117,071

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£303,261£303,261
Mortgage (After Refinance)	£227,446£227,446
Mortgage LTV	75%75%
Cash Released	£39,946£39,946
Cash Left In	£77,125£77,125
Equity	£75,815£75,815
Rent Range	£565 - £2,750£565 - £2,750
Rent Estimate	£1,317
Running Costs/mo	£1,231£1,231
Cashflow/mo	£86£86
Cashflow/yr	£1,031£1,031
ROI	1%1%
Gross Yield	6%6%

Local Sold Prices

8 sold prices from £186K to £433.5K, average is £400.8K. £2.3K/m² to £4.4K/m², average is £3.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£400K	08/21	1.39 mi	Paxmead, North Road, Kingsland, Leominster, Hereford And Worcester HR6 9RX	-	-	3	Detached House
£433.5K	04/23	1.82 mi	Green Acres, Green Lane, Yarpole, Leominster, Herefordshire HR6 0BJ	£3,468	125	3	Detached House
£415K	03/21	1.88 mi	The Hay Loft, Ledicot Farm Barns, Shobdon, Leominster, Herefordshire HR6 9NX	-	-	3	Terraced House
£401.5K	09/22	1.89 mi	1, Phillips Acre, Yarpole, Leominster, Herefordshire HR6 0DA	-	-	3	Terraced House
£410K	10/22	1.89 mi	2, Phillips Acre, Yarpole, Leominster, Herefordshire HR6 0DA	£4,362	94	3	Terraced House
£300K	01/21	1.94 mi	10, Green Lane Crescent, Yarpole, Leominster, Herefordshire HR6 0BQ	£3,261	92	3	Detached House
£186K	06/23	2.89 mi	34, Moor Meadow, Shobdon, Leominster, Herefordshire HR6 9NT	£2,296	81	3	Terraced House
£305K	03/21	2.97 mi	2, Townsend Park, Luston, Leominster, Herefordshire HR6 0DZ	£2,440	125	3	Detached House

Local Rents

10 rents from £565/mo to £2.8K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	05/24	1.29 mi	Parhelion Close, Kingsland, Herefordshire	4	Detached House
£565	08/24	1.49 mi	-	1	Semi-Detached House
£800	05/24	1.58 mi	North Road, Kingsland, HR6	3	Terraced House
£1,000	08/23	1.81 mi	-	2	Semi-Detached House
£1,200	08/23	1.81 mi	-	3	Semi-Detached House
£950	08/23	1.82 mi	-	2	Semi-Detached House
£1,100	04/24	1.99 mi	Kingsland, Leominster	3	Flat
£2,750	03/24	2.26 mi	Manor Farm, Leinthall Earls	6	Flat
£1,450	02/25	2.28 mi	-	3	Detached House
£1,600	06/24	2.41 mi	Uphampton, Shobdon, Leominster, Herefordshire	4	Detached House

Local Area Statistics

Population in HR6	20,50720,507
Population in Leominster	20,52520,525
Town centre distance	4.67 miles away4.67 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	5.24 miles away5.24 miles away

Rental growth (12m)	+13%+13%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+36%+36%

Property History

Listed for £250,000

January 7, 2025

Floor Plans

Description

A Grade II Listed Two/Three Bedroom Semi Detached Cottage in need of some improvement with good sized gardens and planning permission for a separate three bedroom dwelling in the grounds.

Agent Details

McCartneys LLP, Ludlow

01584 708413

Next Steps?

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