2 Bed Bungalow, Refurb/BRRR, Leominster, HR6 8BH, £210,000

Caradoc Drive, Leominster, HR6 8BH - 3 months ago

Refurb/BRRR
ROI: 1%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£92K - £517K
Sold Prices/m²£1.4K/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.1K/m²

Value Estimate

£176,584

 

 

End Value (After Refurb)

£175,850

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£11,700

Refurb Costs

£27,507

Bridging Loan Interest

£5,513

Total Cash In

£98,969

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£175,850

Mortgage (After Refinance)

£131,888

Mortgage LTV

75%

Cash Left In

£98,969

Equity

£43,963

Rent Range

£375 - £2,500

Rent Estimate

£826

Running Costs/mo

£735

Cashflow/mo

£91

Cashflow/yr

£1,095

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £92K to £517K, average is £165K. £1.4K/m² to £4.2K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£136K09/220.07 mi45, Silurian Close, Leominster, Herefordshire HR6 8SZ2
£175K09/220.08 mi23, Battlebridge Close, Leominster, Herefordshire HR6 8TH2
£145K08/210.09 mi6, Silurian Close, Leominster, Hereford And Worcester HR6 8SR2
£165K12/200.09 mi49, Castlefields, Leominster, Herefordshire HR6 8BG2
£132.5K12/220.09 mi14, Silurian Close, Leominster, Herefordshire HR6 8SR2
£170K06/210.11 mi76, Castlefields, Leominster, Hereford And Worcester HR6 8BJ2
£210K03/230.11 mi70, Castlefields, Leominster, Herefordshire HR6 8BJ2
£160K11/200.11 mi74, Castlefields, Leominster, Hereford And Worcester HR6 8BJ2
£92K01/210.12 mi23, Silurian Close, Leominster, Herefordshire HR6 8SU2
£142K03/210.14 mi45, Battlebridge Close, Leominster, Herefordshire HR6 8TH2
£142.5K05/210.14 mi43, Battlebridge Close, Leominster, Herefordshire HR6 8TH2
£225K10/220.28 mi5, Hereford Road, Leominster, Herefordshire HR6 8JS2
£165K03/210.31 mi7, Hereford Road, Leominster, Herefordshire HR6 8JS2
£165K06/210.33 miThe Cottage, Gateway Lane, Leominster, Herefordshire HR6 8LF2
£150K01/230.36 mi28, George Street, Leominster, Herefordshire HR6 8JZ2
£153K11/210.37 mi4, Falconer Place, Leominster, Herefordshire HR6 8AP2
£155K09/210.37 mi30, Falconer Place, Leominster, Herefordshire HR6 8AP2
£156K11/200.39 mi29, St Botolphs Green, Leominster, Herefordshire HR6 8ER2
£153K05/210.45 mi41, Wigmore Street, Leominster, Herefordshire HR6 8PJ2
£170K08/210.47 mi4, Wigmore Street, Leominster, Herefordshire HR6 8PL2
£170K04/210.56 mi49, Sandpits, Leominster, Herefordshire HR6 8HT2
£210K05/210.57 mi46, Bargates, Leominster, Herefordshire HR6 8EY2
£159K07/230.57 mi53, Bargates, Leominster, Herefordshire HR6 8EY2
£150K11/220.65 mi22, Vicarage Street, Leominster, Herefordshire HR6 8DS2
£190K03/230.67 mi17, Westcroft, Leominster, Herefordshire HR6 8HF2
£225K04/210.69 mi15, Perseverance Road, Leominster, Herefordshire HR6 8QR2
£150K12/220.74 mi9, Kenelm Court, Leominster, Herefordshire HR6 8PZ2
£229.9K11/220.76 mi53, The Meadows, Leominster, Herefordshire HR6 8QY2
£130K09/220.77 mi9, Mill Street, Leominster, Herefordshire HR6 8EB2
£250K10/210.77 miVerena, Green Lane, Leominster, Herefordshire HR6 8QN2
£180K04/230.77 mi2, Porters Mill Close, Leominster, Herefordshire HR6 8BL2
£171K05/230.77 mi7, Porters Mill Close, Leominster, Herefordshire HR6 8BL2
£170K05/210.78 mi94, The Meadows, Leominster, Herefordshire HR6 8RE2
£155K05/210.79 mi21, Osborne Place, Leominster, Hereford And Worcester HR6 8BW2
£125K05/210.79 mi4, Osborne Place, Leominster, Herefordshire HR6 8BW2
£275K10/220.8 mi25, Porters Mill Close, Leominster, Herefordshire HR6 8BL2
£187.5K08/210.81 mi39, Danesfield Drive, Leominster, Herefordshire HR6 8HP2
£517K06/210.87 miClyde House, Barons Cross Road, Leominster, Herefordshire HR6 8QX2
£140K05/230.9 mi46, Millers Close, Leominster, Herefordshire HR6 8BP2
£235K01/210.9 miTarington, Ginhall Lane, Leominster, Herefordshire HR6 8RD2
£170K11/220.92 mi71, Millers Close, Leominster, Herefordshire HR6 8BP2
£137K03/210.93 mi105a, Ridgemoor Road, Leominster, Herefordshire HR6 8UH2
£130K11/200.93 mi103, Ridgemoor Road, Leominster, Herefordshire HR6 8UH2
£170K12/220.95 mi160, Ridgemoor Road, Leominster, Herefordshire HR6 8UN2
£156.5K08/230.95 mi5, Middlemarsh, Leominster, Herefordshire HR6 8UP2
£165K03/230.95 mi27, Middlemarsh, Leominster, Herefordshire HR6 8UP2
£250K04/210.95 mi55, Buckfield Road, Leominster, Herefordshire HR6 8SF2
£160K09/220.96 mi165, Ridgemoor Road, Leominster, Herefordshire HR6 8UH2
£195K12/220.97 mi29, Middlemarsh, Leominster, Herefordshire HR6 8UP2
£150K06/210.99 mi112a, Bridge Street, Leominster, Herefordshire HR6 8EA2

Local Rents

31 rents from £375/mo to £2.5K/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£75004/240.19 miCaswell Road, Leominster3
£47502/240.35 mi-1
£47504/240.35 mi-1
£55004/250.35 mi-1
£52503/240.35 mi-1
£62502/240.38 mi-1
£62502/240.38 mi-1
£37506/230.38 mi-1
£75005/240.41 miSouth Street, Leominster, HR62
£52506/240.47 mi21, High Street, Leominster2
£65004/240.51 mi-2
£67503/240.51 mi-2
£60011/230.51 mi-1
£60005/240.51 miChurch Street, Leominster2
£99505/240.52 miBurgess Street, Leominster3
£52507/230.54 mi-1
£1,10007/230.54 mi-3
£47507/230.55 mi-1
£1,10008/230.58 mi-3
£85004/240.62 miStoke Prior Lane, Leominster2
£80009/240.64 mi-2
£49506/230.7 mi-1
£1,25006/240.78 miGreen Lane, Leominster3
£85002/240.85 mi-2
£62511/240.95 mi-1
£1,30011/241.17 mi-3
£1,25004/241.26 miNorth Road, Leominster3
£70004/241.31 miBlanchard Close, Leominster2
£1,30004/241.32 mi-4
£2,50003/241.52 miGoldings, Old Hop Yard, Brierley, HR6 0RN3
£80005/242.04 miKimbolton, Leominster3

Local Area Statistics

Population in HR6

20,507

Population in Leominster

20,525

Town centre distance

0.63 miles away

Nearest school

0.20 miles away

Nearest train station

0.30 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Buyer's market

Capital growth (5yrs)

+36%

Property History

Price changed to £210,000

March 8, 2025

Listed for £220,000

January 22, 2025

Floor Plans

Description

  • NO ONWARD CHAIN +
  • Two Bedrooms +
  • Extended Semi-Detached Bungalow +
  • Off Road Parking & Garage +
  • In Need Of Updating +

SUMMARY
Being sold with NO ONWARD CHAIN this extended semi-detached bungalow is located in a quiet cul-de-sac location not far from Leominster's town centre. There is a large mini market and a regular hopper bus service to Leominster's town centre and also easy access to a railway station.

DESCRIPTION
This two bedroom extended semi-detached bungalow is located in a quiet cul de-sac location not far from Leominster's town centre and is being sold with NO ONWARD CHAIN. Located not to far away from Leominster's town centre there is also a large mini market and a regular hopper bus service to Leominster's town centre and also easy access to a railway station. Briefly comprising: off road parking, garage up and over doors, entrance hall, lounge, kitchen, conservatory, two bedrooms and shower room with a great size garden to the rear.

Approach  
A drop curb giving access to the tarmac drive which leads up the side of the home. A area to the front of the home which has wood chippings and fencing to the borders. There is two doors giving access to the following:

Entrance Hall 
Double glazed door to side, storage cupboard, central heating radiator, ceiling light point and doors to the following.

Lounge 17' 4" x 11' 10" ( 5.28m x 3.61m )
Door to the office, window to rear, electric fire place, two ceiling light points and doors to the following.

Kitchen 8' 8" x 7' 3" ( 2.64m x 2.21m )
A fitted kitchen with wooden wall and base units with roll top work surfaces over, one bowl sink and drainer with splash back tiling to walls, space for cooker, plumbing for washing machine, space for fridge freezer, central heating boiler, double glazed window to rear elevation, double glazed door to side and ceiling light point with a door leading to the lounge.

Office 11' x 5' 7" ( 3.35m x 1.70m )
Double glazed door to side giving access to the rear garden, double glazed window to rear elevation, central heating radiator and ceiling light point.

Bedroom One 10' 4" x 10' 7" ( 3.15m x 3.23m )
Double glazed window to front elevation, ceiling light point and central heating radiator.

Bedroom Two 10' 11" max x 8' 10" ( 3.33m max x 2.69m )
Double glazed window to front elevation, ceiling light point and central heating radiator.

Bathroom 
Corner shower unit with glass door, wash hand basin, low level W.C, fully tiled to the walls, loft access, ceiling light point and double glazed obscure window to side elevation.

Rear Garden 
This great size garden is mainly laid to lawn but has a slab paved area which is perfect for entertaining. There is fencing to the boarders and a side gate which gives access back to the front of the home.

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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