2 Bed Semi-Detached House, Refurb/BRRR, Hereford, HR2 7AA, £150,000

1 Hunderton Road, Hereford HR2 7AA - 4 views - 3 months ago

Refurb/BRRR
ROI: 3%
49 m²
+5 photos

ValuationOvervalued

Sold Prices£129.5K - £226.5K
Sold Prices/m²£1.9K/m² - £4.2K/m²

 

 

Square Metres

49 m²
Price/m²£3.1K/m²

Value Estimate

£134,057

 

 

End Value (After Refurb)

£155,000

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£19,864

Bridging Loan Interest

£3,938

Total Cash In

£68,752

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£155,000

Mortgage (After Refinance)

£116,250

Mortgage LTV

75%

Cash Released

£3,750

Cash Left In

£65,002

Equity

£38,750

Rent Range

£675 - £1,100

Rent Estimate

£866

Running Costs/mo

£678

Cashflow/mo

£188

Cashflow/yr

£2,261

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £129.5K to £226.5K, average is £173.5K. £1.9K/m² to £4.2K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£199.9K08/210.12 mi34, Walnut Tree Avenue, Hereford, Herefordshire HR2 7JU2
£155K05/210.14 mi12, Charles Witts Avenue, Hereford, Herefordshire HR2 7BB2
£150K06/210.21 mi40, Charles Witts Avenue, Hereford, Herefordshire HR2 7BD2
£169K03/210.23 mi6, Fallowfield Close, Hereford, Hereford And Worcester HR2 7NZ2
£189.9K08/210.23 mi27, Fallowfield Close, Hereford, Herefordshire HR2 7NZ2
£195K12/220.25 mi6a, Walnut Tree Avenue, Hereford, Herefordshire HR2 7JT2
£169.9K08/210.25 mi19, Villa Street, Hereford, Herefordshire HR2 7AY2
£143K02/210.28 mi76, Mayberry Avenue, Hereford, Herefordshire HR2 7QT2
£195K04/210.31 mi10, Pentwyn Avenue, Hereford, Herefordshire HR2 7LB2
£179.9K06/210.32 mi23, Priors Walk, Hereford, Herefordshire HR2 7JY2
£187K05/230.33 mi8, Glastonbury Close, Belmont, Hereford, Herefordshire HR2 7YL2
£150K02/210.37 mi25, Sydwall Road, Belmont, Hereford, Herefordshire HR2 7XJ2
£180K04/210.37 mi5, Sydwall Road, Belmont, Hereford, Herefordshire HR2 7XJ2
£185K12/220.42 mi30, Flaxley Drive, Hereford, Herefordshire HR2 7XQ2
£152K12/200.42 mi25, Flaxley Drive, Hereford, Herefordshire HR2 7XQ2
£167.5K06/210.43 mi3, Laburnum Grove, Hereford, Herefordshire HR2 6AG2
£157K11/210.48 mi23, Coppin Rise, Belmont, Hereford, Hereford And Worcester HR2 7UE2
£160K11/200.48 mi24, Coppin Rise, Belmont, Hereford, Hereford And Worcester HR2 7UE2
£162.5K04/210.48 mi25, Coppin Rise, Belmont, Hereford, Herefordshire HR2 7UE2
£143.5K06/230.52 mi4, Hopbine Grove, Hereford, Herefordshire HR2 6RW2
£155.2K07/230.52 mi3, Hopbine Grove, Hereford, Herefordshire HR2 6RW2
£187.5K08/230.54 mi29, Yarlington Mill, Belmont, Hereford, Herefordshire HR2 7UB2
£162.5K01/210.54 mi26, Yarlington Mill, Belmont, Hereford, Hereford And Worcester HR2 7UB2
£206K11/220.55 mi22, Waggoners Way, Hereford, Herefordshire HR2 6RJ2
£163.5K10/200.56 mi32, Romsey Drive, Belmont, Hereford, Herefordshire HR2 7YH2
£189.9K08/210.57 mi15, Foxwhelp Close, Hereford, Herefordshire HR4 0PL2
£160K02/210.57 mi3, Smithy Court, Hereford, Herefordshire HR2 6RS2
£186K05/210.57 mi10, Smithy Court, Hereford, Herefordshire HR2 6RS2
£129.5K04/210.57 mi2, Smithy Court, Hereford, Herefordshire HR2 6RS2
£189.9K01/210.59 mi9, Station Road, Hereford, Herefordshire HR4 0BD2
£173K11/200.59 mi6, Amesbury Close, Belmont, Hereford, Hereford And Worcester HR2 7YJ2
£197K11/220.6 mi30, Eastholme Avenue, Belmont, Hereford, Herefordshire HR2 7UQ2
£136K09/210.62 mi14, Meadow Way, Hereford, Herefordshire HR2 6SG2
£208K02/230.64 mi2, Holmfirth Close, Hereford, Herefordshire HR2 7UG2
£188K07/210.64 mi1, Boxgrove, Belmont, Hereford, Hereford And Worcester HR2 7YF2
£160K09/210.64 mi33, Holmfirth Close, Hereford, Hereford And Worcester HR2 7UG2
£152.5K03/230.65 mi26, Brook Farm Court, Belmont, Hereford, Herefordshire HR2 7TY2
£155K06/210.65 mi33, Brook Farm Court, Belmont, Hereford, Herefordshire HR2 7TY2
£226.5K12/220.67 mi11, Northolme Road, Belmont, Hereford, Herefordshire HR2 7SP2
£215K09/210.67 mi5, Bardolph Close, Hereford, Herefordshire HR2 7QA2
£192K02/210.67 mi32, Northolme Road, Belmont, Hereford, Herefordshire HR2 7SP2
£210K01/230.67 mi22, Northolme Road, Belmont, Hereford, Herefordshire HR2 7SP2
£175K04/210.67 mi18, Old Mill Close, Hereford, Herefordshire HR4 0AL2
£182K11/200.67 mi41, Westfaling Street, Hereford, Herefordshire HR4 0JD2
£160K05/210.69 mi5, Peacocks Field Walk, Hereford, Herefordshire HR2 6SA2
£174K11/210.69 mi7, Bute Avenue, Hereford, Herefordshire HR2 6BU2
£158.5K10/200.69 mi21, Grantham Close, Belmont, Hereford, Hereford And Worcester HR2 7ZG2
£195K05/230.69 mi26, Grantham Close, Belmont, Hereford, Herefordshire HR2 7ZG2
£196K01/210.71 mi29, Friars Street, Hereford, Herefordshire HR4 0AS2
£130K04/210.71 mi45, Staddlestone Circle, Hereford, Herefordshire HR2 6SB2

Local Rents

24 rents from £675/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£82512/240.27 miBelmont Road, Belmont, Hereford, HR22
£85012/240.42 miFlaxley Drive, Hereford2
£86504/240.48 miCoppin Rise, Belmont, HEREFORD2
£1,05012/240.56 miHawthorn Grove, Hereford, Herefordshire, HR2 6AU2
£88512/240.62 miCider Press Drive, Hereford, HR22
£82504/240.64 mi-2
£80011/230.66 mi-2
£84003/240.68 mi-2
£85004/240.71 miHolm Oak Road, Belmont, HEREFORD2
£85008/230.75 mi-2
£67512/240.75 miBlakemore Close, HEREFORD2
£79504/240.82 miBewell Street, Hereford, HR42
£85002/250.85 mi-2
£89505/240.87 miCornewall Steet, Whitecross, Hereford, HR42
£98003/250.91 mi-2
£1,10012/240.93 mi-2
£1,10002/250.93 mi-2
£83004/241.01 miBalfour Close, Hereford, HR42
£82012/241.04 miThe Pastures, Hereford, HR22
£89503/251.07 mi-2
£94505/241.1 mi-2
£94505/241.1 mi-2
£90005/241.1 mi-2
£85002/251.11 miGruniesen St, Whitecross, Hereford, HR42

Local Area Statistics

Population in HR2

38,935

Population in Hereford

101,068

Town centre distance

4.60 miles away

Nearest school

0.20 miles away

Nearest train station

1.36 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-47%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £150,000

January 17, 2025

Floor Plans

Description

  • No Onward Chain +
  • Semi detached house +
  • 2 bedrooms +
  • South city location +
  • Must be viewed +
  • Requires refurbishment +

Situated a short distance from Hereford city centre, a 2 bedroomed semi-detached house requiring renovation throughout and being offered for sale with no onward chain. The property has the added benefit of two bedrooms, a rear garden, allocated parking and we recommend an internal inspection.

Agent Details

Flint & Cook, Hereford

01432 802254

Next Steps?

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