2 Bed Flat, Single Let, Hereford, HR1 1LX, £170,000

Folly Lane, Hereford, HR1 1LX - 2 views - 3 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£90K - £360K
Sold Prices/m²£1.3K/m² - £3.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£141,827

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Rent Range

£700 - £1,100

Rent Estimate

£798

Running Costs/mo

£711

Cashflow/mo

£87

Cashflow/yr

£1,046

ROI

2%

Gross Yield

6%

Local Sold Prices

42 sold prices from £90K to £360K, average is £136.6K. £1.3K/m² to £3.3K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£128.5K05/210.14 mi15, Pilley Road, Hereford, Herefordshire HR1 1NA2
£129K12/200.25 miFlat 11, Arden Court, Bodenham Road, Hereford, Herefordshire HR1 2UF2
£163K03/230.26 miFlat 14, Arden Court, Bodenham Road, Hereford, Herefordshire HR1 2UF2
£135K03/210.29 mi134, Whittern Way, Hereford, Herefordshire HR1 1PG2
£147.5K06/210.36 mi108, Ledbury Road, Hereford, Herefordshire HR1 2TB2
£155K11/220.43 mi15, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£155K09/220.44 mi3, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£165K04/230.44 mi5, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£138K09/210.63 mi7, Angela Close, Hereford, Herefordshire HR1 1TZ2
£148.5K11/200.69 miFlat 14, The Embankment, Gaol Street, Hereford, Herefordshire HR1 2AF2
£154.5K06/230.74 mi38, Huskinson Drive, Hereford, Herefordshire HR1 1DB2
£196K06/210.75 mi10, Harold Street, Hereford, Herefordshire HR1 2QU2
£190K06/210.79 mi14a, St Ethelbert Street, Hereford, Herefordshire HR1 2NR2
£105K11/220.8 miFlat 21, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£95K03/210.81 miFlat 22, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£92K06/230.81 miFlat 5, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£175K09/220.82 mi11, Hampton Street, Hereford, Herefordshire HR1 2RA2
£190K05/230.88 mi1, Nightingale Way, Hereford, Herefordshire HR1 2NQ2
£240K07/210.89 miFlat, 15, Wye Way, Hereford, Herefordshire HR1 2NP2
£145K08/211.08 miFlat 2, Red Lion Court, Victoria Street, Hereford, Hereford And Worcester HR4 0BZ2
£136.5K06/211.15 mi3, Wyelands Close, Hereford, Herefordshire HR2 6DH2
£134K03/221.17 mi7, Wyelands Close, Hereford, Herefordshire HR2 6DH2
£136.7K11/211.27 mi8, Pomona Place, Hereford, Herefordshire HR4 0EF2
£165K06/231.32 miFlat 4, Tremlett Court, Red Norman Rise, Holmer, Hereford, Herefordshire HR1 1GT2
£102K10/201.34 mi14, St Charles Court, Lower Bullingham, Hereford, Herefordshire HR2 6EJ2
£360K12/221.34 miFlat 11, Barton West, Barton Road, Hereford, Herefordshire HR4 0AU2
£329K06/231.35 miFlat 8, Barton West, Barton Road, Hereford, Herefordshire HR4 0AU2
£130K04/211.38 mi49, Kernal Road, Hereford, Herefordshire HR4 0PR2
£145K02/211.38 mi47, Kernal Road, Hereford, Herefordshire HR4 0PR2
£113K03/221.43 mi82, Holme Lacy Road, Hereford, Herefordshire HR2 6DA2
£115K06/211.53 mi57, Homestead, Hereford, Herefordshire HR2 6HL2
£103K03/221.56 mi5, Ridgeway Avenue, Hereford, Herefordshire HR2 6HW2
£120.2K10/221.6 mi11, Stable Drive, Hereford, Herefordshire HR2 6SH2
£99K05/211.61 mi6, Stable Drive, Hereford, Herefordshire HR2 6SH2
£120K03/221.69 mi2, Pembridge Close, Hereford, Herefordshire HR2 7AD2
£94.8K03/211.74 mi19, Oak Field Road, Hereford, Herefordshire HR2 6SD2
£90K07/231.8 mi244, Ross Road, Hereford, Herefordshire HR2 7PN2
£125K08/231.8 mi234, Ross Road, Hereford, Herefordshire HR2 7PN2
£146.5K10/211.84 mi97d, Highmore Street, Hereford, Hereford And Worcester HR4 9PG2
£112K02/231.9 mi54, Sheridan Road, Hereford, Herefordshire HR4 0NQ2
£90K05/211.91 mi74, Golden Post, Hereford, Hereford And Worcester HR2 7BZ2
£148K03/232 mi13, Barricombe Drive, Hereford, Herefordshire HR4 0NU2

Local Rents

17 rents from £700/mo to £1.1K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£70012/240.3 miHereford, Herefordshire, HR12
£85012/240.36 miAylestone Hill, Hereford, HR12
£80012/240.62 miAngela Close, Hereford, HR12
£94505/240.64 mi-2
£94505/240.64 mi-2
£90005/240.64 mi-2
£89502/250.72 mi-2
£90010/240.78 mi-2
£97504/240.81 miWidemarsh Street, HEREFORD2
£97504/240.81 miWidemarsh Street, HEREFORD2
£97504/240.81 miWidemarsh Street, HEREFORD2
£1,10012/240.82 mi-2
£1,10002/250.82 mi-2
£98003/250.86 mi-2
£79504/241.03 miBewell Street, Hereford, HR42
£83004/241.12 miBalfour Close, Hereford, HR42
£82504/241.17 mi-2

Local Area Statistics

Population in HR1

32,145

Population in Hereford

101,068

Town centre distance

4.10 miles away

Nearest school

0.20 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+33%

Property History

Listed for £170,000

January 22, 2025

Floor Plans

Description

  • Open Plan Living +
  • Secure Parking +
  • Well Presented +
  • Two Bedrooms +
  • Upper Floor Apartment +
  • Popular and Convenient Location +
  • Walking Distance to City Centre, Train Station & Hospital +

SUMMARY
A two bedroom upper floor apartment offering modern and open plan living spaces and secure parking. Located within walking distance from Hereford City Centre, Train Station and County Hospital.

DESCRIPTION
This charming two-bedroom top-floor apartment features a modern open-plan living area. The living, dining and kitchen spaces area seamlessly integrated, offering the perfect setting for entertaining or relaxing. Double doors to a Juliette style balcony allow plenty of natural light.

The apartment is situated on the top floor, with elevated views over the surrounding areas. Access to the property is secure via intercom, and on the ground level residents share a communal garage area with allocated parking space.

The property is located in the popular Tupsley residential district which lies to the North of Hereford City Centre. In the locality there are a range of amenities including local shops and chip shops and regular bus routes. Hereford City Centre is a short walk away and offers a wide range of shopping, leisure and recreational facilities together with the County Hospital, and both bus and railway stations. Hereford Sixth Form College and College of the Arts are a stones throw away, with further primary and secondary education facilities nearby.

Entrance Hall 
Spotlights, radiator, doors to living areas and bedrooms, and an intercom system.

Kitchen 
Open plan kitchen with fitted wall and base units, worktops, one bowl sink and drainer with tiled splash backs, integrated oven, grill, electric hob and hood, integrated dishwasher, plumbing and space for washing machine, integrated under counter fridge freezer and ceiling light point.

Lounge/Diner 24' 7" x 17' 9" ( 7.49m x 5.41m )
Double glazed window to front elevation, TV point, radiator and french doors to a juliette style balcony with glass panels.

Bedroom One 9' 2" x 11' 2" ( 2.79m x 3.40m )
Double glazed window to rear elevation, TV point and radiator.

Bedroom Two 9' 2" x 10' 2" ( 2.79m x 3.10m )
Double glazed window to front elevation and radiator.

Bathroom 
Modern white suite briefly comprising of walk in shower with waterfall and handheld heads, w/c, wash hand basin, towel rail and ceiling light point.

Secure Parking  
Communal ground floor garage with allocated parking space.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Hereford

01432 802236

Next Steps?

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