3 Bed Terraced House, Single Let, Hereford, HR2 6HY, £205,000

53 Mayne Avenue, Hereford, HR2 6HY - 2 months ago

BTL
ROI: 2%
79 m²
+13 photos

ValuationOvervalued

Sold Prices£150K - £315K
Sold Prices/m²£1.8K/m² - £3.3K/m²

 

 

Square Metres

79 m²
Price/m²£2.6K/m²

Value Estimate

£195,901

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£51,250

Stamp Duty & Legal Fees

£7,350

Total Cash In

£58,600

 

 

Cash Out

 

Rent Range

£875 - £1,350

Rent Estimate

£963

Running Costs/mo

£853

Cashflow/mo

£110

Cashflow/yr

£1,317

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £150K to £315K, average is £215K. £1.8K/m² to £3.3K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£163K07/210.02 mi16, Mayne Avenue, Hereford, Herefordshire HR2 6HY3
£167.5K09/210.05 mi13, Franks Avenue, Hereford, Herefordshire HR2 6HZ3
£220K10/210.11 mi127, Holme Lacy Road, Hereford, Herefordshire HR2 6DG3
£238K09/210.11 mi22, The Dales, Lower Bullingham, Hereford, Herefordshire HR2 6DS3
£195K03/210.11 mi21, The Dales, Lower Bullingham, Hereford, Hereford And Worcester HR2 6DS3
£255K06/210.11 mi43, Manor Road, Hereford, Hereford And Worcester HR2 6HN3
£198.5K12/200.11 mi1, Manor Road, Hereford, Herefordshire HR2 6HN3
£262.5K03/210.12 mi33, St Clares Court, Lower Bullingham, Hereford, Hereford And Worcester HR2 6PY3
£225K01/230.12 mi40, St Clares Court, Lower Bullingham, Hereford, Herefordshire HR2 6PY3
£177.5K02/230.16 mi39, Ridgeway Avenue, Hereford, Herefordshire HR2 6HW3
£185K06/230.16 mi22, Ridgeway Avenue, Hereford, Herefordshire HR2 6HW3
£315K01/230.23 mi103, Holme Lacy Road, Hereford, Herefordshire HR2 6DF3
£204K12/200.24 mi142, Hinton Road, Hereford, Herefordshire HR2 6BW3
£300K12/220.24 mi25, Hever Road, Lower Bullingham, Hereford, Herefordshire HR2 6EW3
£227K11/210.25 mi49, Warwick Road, Lower Bullingham, Hereford, Herefordshire HR2 6FB3
£218K02/210.26 mi13, Peregrine Close, Hereford, Herefordshire HR2 6BS3
£212K12/200.26 mi16, Peregrine Close, Hereford, Herefordshire HR2 6BS3
£210K07/230.27 mi54, Holme Lacy Road, Hereford, Herefordshire HR2 6DA3
£195K07/210.28 mi1, Acacia Close, Hereford, Herefordshire HR2 6BP3
£215K04/210.28 mi12, Walton Close, Hereford, Hereford And Worcester HR2 6BJ3
£207.5K01/210.28 mi7, Walton Close, Hereford, Hereford And Worcester HR2 6BJ3
£220K06/210.29 mi41, Poppy Walk, Hereford, Herefordshire HR2 6SP3
£220K07/210.33 mi8, St Vincents Close, Lower Bullingham, Hereford, Herefordshire HR2 6EL3
£243K02/230.33 mi98, Hinton Road, Hereford, Herefordshire HR2 6BN3
£245K04/230.35 mi2, Stable Drive, Hereford, Herefordshire HR2 6SH3
£223K12/200.35 mi11, The Willows, Lower Bullingham, Hereford, Hereford And Worcester HR2 6DP3
£226K02/210.35 mi10, The Willows, Lower Bullingham, Hereford, Hereford And Worcester HR2 6DP3
£297.5K11/220.36 mi11, The Willows, Lower Bullingham, Hereford, Herefordshire HR2 6DP3
£186K02/210.37 mi18, Hoarwithy Road, Hereford, Herefordshire HR2 6HA3
£186K02/210.37 mi11, Bluebell Walk, Hereford, Herefordshire HR2 6GP3
£212K06/210.38 mi6, Granary Grove, Hereford, Herefordshire HR2 6RZ3
£220K07/210.39 mi4, Willow Grove, Hereford, Herefordshire HR2 6BB3
£160K05/210.4 mi32, Chestnut Drive, Hereford, Herefordshire HR2 6AY3
£190K03/230.4 mi37, Withybrook Close, Hereford, Herefordshire HR2 6RD3
£174K02/210.4 mi116, Hinton Road, Hereford, Hereford And Worcester HR2 6BN3
£160K12/200.4 mi112, Hinton Road, Hereford, Herefordshire HR2 6BN3
£240K07/210.4 mi112, Hinton Road, Hereford, Herefordshire HR2 6BN3
£211K03/210.4 mi109, Hinton Road, Hereford, Herefordshire HR2 6BN3
£215K04/230.41 mi109, Hinton Road, Hereford, Herefordshire HR2 6BN3
£225K03/230.42 mi1, Redbrook Close, Hereford, Herefordshire HR2 6RB3
£208.5K04/210.43 mi6, Goodwin Way, Hereford, Hereford And Worcester HR2 6RA3
£215K12/200.45 mi1, Campbell Close, Hereford, Herefordshire HR2 6GH3
£245K07/230.47 mi11, Dinedor Avenue, Hereford, Herefordshire HR2 6DW3
£152K10/200.47 mi11, Hawthorn Grove, Hereford, Herefordshire HR2 6AU3
£150K01/210.47 mi22, Hawthorn Grove, Hereford, Herefordshire HR2 6AU3
£197.5K12/200.49 mi1, Clover Piece Walk, Hereford, Herefordshire HR2 7SZ3
£239.9K06/230.49 mi6, Clover Piece Walk, Hereford, Herefordshire HR2 7SZ3
£190K04/210.51 mi4, Web Tree Avenue, Hereford, Herefordshire HR2 6HG3
£215K03/210.51 mi17, Garrick Avenue, Hereford, Herefordshire HR2 7RU3
£218K10/200.52 mi5, Kemble Close, Hereford, Herefordshire HR2 7SB3

Local Rents

14 rents from £875/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15004/240.28 miWalton Close, HEREFORD3
£1,15012/240.3 miThe Hawthorns, Hereford3
£1,30012/240.87 mi-3
£1,30012/240.87 mi-3
£1,35012/240.87 mi-3
£99512/240.89 mi-3
£99504/240.91 miEscley Drive, HEREFORD3
£1,20012/240.92 miSt. Owen Street, Hereford3
£1,05012/241 miNew Kilvert Road, HEREFORD3
£1,10012/241.04 mi-3
£87504/241.07 miBridge Street, HEREFORD3
£95012/241.14 mi-3
£97509/241.14 mi-3
£97509/241.14 mi-3

Local Area Statistics

Population in HR2

38,935

Population in Hereford

101,068

Town centre distance

5.19 miles away

Nearest school

0.70 miles away

Nearest train station

1.49 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-47%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £205,000

February 7, 2025

Floor Plans

Description

  • Terraced house +
  • Three bedrooms +
  • Two reception rooms +
  • Sought after residential area +
  • Off road parking +
  • No onward chain +
  • Well presented throughout +

Nestled in a desirable residential area, this charming terraced house presents an excellent opportunity for first-time buyers and property investors alike. The property boasts a well-presented interior, ensuring a welcoming atmosphere from the moment you step inside. Comprising two spacious reception rooms, this home offers ample space for both relaxation and entertaining. The three well-proportioned bedrooms provide comfortable living quarters, making it ideal for families or those seeking extra room for guests or a home office. The single bathroom is conveniently located, catering to the needs of modern living. One of the standout features of this property is the parking space available for one vehicle, a valuable asset in this sought-after area. With no onward chain, the process of moving in can be swift and hassle-free, allowing you to settle into your new home without delay.

Location - Located just south of the city centre of Hereford in the popular residential area of Lower Bullingham. There are local amenities within walking distance including public house, hairdressers, co-op, Tesco and a fish and chip shop. The city centre can be accessed via walking through the King George V playing fields by the swimming baths/leisure centre and gym. Hereford city has recently had the fantastic Old Market development with Waitrose supermarket, a range of restaurants, department stores and a six screen Odeon cinema.

Accommodation - The well presented accommodation comprises: Entrance hall, living room, dining room, kitchen, cloakroom, three bedrooms and a family bathroom.

Entrance Hall - Stairs rise to the first floor with storage space underneath, access to all principal ground floor rooms and access to the cloakroom.

Living Room - Spacious room with double glazed window to the front aspect, central electric fire and door leading to the dining room.

Dining Room - Accessed from the kitchen or living room, storage cupboard next to the external door leading to the garden and double glazed window overlooking the rear aspect.

Kitchen - the kitchen is fitted with a range of light wood effect wall and base units with working surfaces over. Space for an electric double oven with ceramic hob over. Tall pantry cupboard with extensive shelving, double glazed window with pleasant outlook across the rear garden. Recess and plumbing for washing machine.

Cloakroom - With a white suite comprising low level WC and wash basin. Large useful storage cupboard with shelving. Small free standing storage cupboard and double glazed window with obscured glass.

First Floor -

Bedroom One - A double bedroom with fitted wardrobe, double glazed window overlooking the rear garden.

Bedroom Two - A double bedroom with fitted wardrobe, double glazed window overlooking the front aspect.

Bedroom Three - Which could be adapted to a home office but also fitted with a single wardrobe and double glazed window to the rear aspect.

Bathroom - White suite comprising bath with electric shower over, pedestal wash basin and low level WC. Double glazed window with obscured glass.

Outside - The front garden is principally laid to lawn with some established shrubs. The rear garden has a paved patio area and paved path leading to the rear gate and is mainly laid to lawn with flower and shrub borders. Useful garden shed.

Parking - The property benefits from one allocated parking space which can be located opposite the property on the other side of the road.

Services - Mains water, electricity and drainage are connected to the property.
Ground rent - Approximately £450 annually.
Herefordshire council tax band - B.
Tenure - Freehold

Agent Details

Sunderlands, Hereford

01432 805992

Next Steps?

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