2 Bed Flat, Single Let, Ross-on-Wye, HR9 7AN, £115,000

Cantilupe Road, Ross-on-Wye, Herefordshire, HR9 7AN - 3 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 8%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£128K - £205K
Sold Prices/m²£1.9K/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£143,750
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Total Cash In

£33,400

 

 

Cash Out

 

Rent Range

£421 - £1,025

Rent Estimate

£741

Running Costs/mo

£528

Cashflow/mo

£213

Cashflow/yr

£2,561

ROI

8%

Gross Yield

8%

Local Sold Prices

7 sold prices from £128K to £205K, average is £145K. £1.9K/m² to £3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£145K01/240.02 miGoodrich Court, Flat 8, Gloucester Road, Ross-on-wye, Herefordshire HR9 5GD2
£128K09/230.11 miWallace Court, Flat 30, Station Street, Ross-on-wye, Herefordshire HR9 7FW2
£130K05/240.11 miWallace Court, Flat 17, Station Street, Ross-on-wye, Herefordshire HR9 7FW2
£147.5K10/230.25 miSwan Court, Flat 5, Edde Cross Street, Ross-on-wye, Herefordshire HR9 7BZ2
£130K03/240.28 miKennedy Place, Flat 18, Brampton Street, Ross-on-wye, Herefordshire HR9 7EQ2
£180K12/230.33 miAshburton Court, Apartment 3, Gloucester Road, Ross-on-wye, Herefordshire HR9 5PW2
£205K02/240.51 miSt Josephs, Apartment 4, Walford Road, Ross-on-wye, Herefordshire HR9 5PQ2

Local Rents

17 rents from £421/mo to £1K/mo, average is £830/mo.

RentDateDistanceAddressBeds 
£72509/240.04 miHenry Street, Ross-On-Wye, Herefordshire, HR92
£85003/250.11 mi-2
£85010/240.13 mi-2
£75009/240.16 miPalma Court, Brookend Street, Ross-on-Wye2
£77503/240.16 mi-2
£85006/240.17 mi-2
£85006/240.17 mi-2
£97504/240.19 mi-2
£85003/250.2 mi-2
£42106/230.2 mi-2
£75009/240.24 miSwan Court, Edde Cross Street, Ross-On-Wye, Herefordshire, HR92
£75009/240.24 miSwan Court, Edde Cross Street, Ross-On-Wye, Herefordshire, HR92
£87509/240.25 miSwan House, Edde Cross Street, Ross-on-Wye, Herefordshire, HR92
£75009/240.25 miOver Ross Street, Ross-On-Wye2
£1,02509/240.38 miBrampton Close, Ross-on-Wye2
£83009/240.49 miPrimrose Close, Ross-on-Wye, HR92
£44803/250.56 mi-2

Local Area Statistics

Population in hr9

20,936

Town centre distance

0.45 miles away

Nearest school

0.40 miles away

Nearest train station

11.20 miles away

 

 

Rental growth (12m)

+61%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Listed for £115,000

January 16, 2025

Floor Plans

Description

  • Two Bedrooms +
  • Sitting Room, Kitchen +
  • Shower Room +
  • Private Terrace +
  • No Onward Chain +
  • Town Centre Location Close to the Library & Bus Stop +
  • Ideal Lock Up and Leave +
  • Short Lease Length +
  • EPC Rating: D +

Offered with no forward chain and conveniently situated with the centre of town close to a wealth of amenities this spacious two bedroom apartment offers a spacious living space and its very own private entrance with outside seating area. Viewing is essential.

The property is situated within the heart of Ross-on-Wye within easy walking distance to a wide range of shopping, social and sporting facilities. Easy access can be gained to the M50/A40 dual carriageway giving good road links to the Midlands via the M5 and south Wales via the M4. The regional centres of Hereford and Gloucester are approximately 14 and 18 miles respectively.

The property is entered via:
Gated entrance with pathway to:

UPVC Glazed door leading into:
Reception Hall:
Creda thermostatic storage heater. Door to storage cupboard. Door to:

Sitting Room: 17' x 13' (5.18m x 3.96m)
Two double glazed windows to front aspect with views over town. Two night storage heaters. Phone point. Circular arch to:

Kitchen: 7'8" x 7'3" (2.34m x 2.2m)
Double glazed window to front aspect. Range of base and wall mounted units with rolled edge worktops. Single bowl stainless steel sink. Plumbing for washing machine and dishwasher. Space for electric cooker and larder style fridge/freezer. Wall mounted electric heater and extractor fan.

Bedroom 1: 11'1" x 11' (3.38m x 3.35m)
Night storage heater. Double glazed window to rear aspect. Built in wardrobe. Wall mounted TV bracket.

Bedroom 2: 9'11" x 7'4" (3.02m x 2.24m)
Currently used as a dressing room/study. Double glazed window to rear aspect. Wall mounted electric heater. Range of fitted wardrobes.

Shower Room:
Walk in enclosed shower cubicle with electric shower over. Low level WC. Pedestal wash hand basin. Medicine cabinet. Light with shaver point. Extractor fan. Electric wall mounted heater. Access to small loft space.

Outside:
Pedestrian access to rear which leads into a low maintenance private garden with decked seating area with stainless steel railings. Pedestrian access to Gloucester Road and Cantilupe Road.

Verified Material Information
Council tax band: A
Council tax annual charge: £1500.32 a year (£125.03 a month)
Tenure: Leasehold
Lease length: 67 years remaining (99 years from 1993)
Ground rent: £52.50 payable twice a year 1st January and 1st July.
Service charge: Invoiced annually on 31st March, divided between 8 shops and flats according to size Flat 2s percentage share is12.22%.
The current years’ Service Charge was £200.31.
Electricity supply: Mains electricity
Water supply: Mains water supply
Sewerage: Mains
Heating: Room heaters only
Heating features: Night storage and Double glazing
Broadband: FTTP (Fibre to the Premises)
Mobile coverage: O2 - Good, Vodafone - OK, Three & EE - Great
Parking: None
Restrictions - Conservation Area: Ross on Wye Conservation Area
Energy Performance rating: D

For the complete Verified Information on this property please either scan the QR code of contact the office.

Directions:
Property can be found by proceeding from Gloucester Road into Cantilupe Road past the shops on the right hand side taking the small pedestrian access on the right immediately after passing the shops leading to the back where access to the property can be found.

Agent Details

Richard Butler & Associates, Ross-On-Wye

01989 551078

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪