3 Bed Semi-Detached House, Refurb/BRRR, Hereford, HR1 1AR, £225,000

Farm House Close, Hereford, HR1 1AR - 2 views - 2 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£102.5K - £505K
Sold Prices/m²£1.6K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£235,716
BMV2%

 

 

End Value (After Refurb)

£236,117

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£37,600

Bridging Loan Interest

£5,906

Total Cash In

£109,606

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£236,117

Mortgage (After Refinance)

£177,087

Mortgage LTV

75%

Cash Released

£8,337

Cash Left In

£101,269

Equity

£59,029

Rent Range

£975 - £1,300

Rent Estimate

£1,079

Running Costs/mo

£974

Cashflow/mo

£105

Cashflow/yr

£1,264

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £102.5K to £505K, average is £240K. £1.6K/m² to £4K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£220K03/210.04 mi16, Mill Stream Place, Hereford, Herefordshire HR1 1AP3
£242K06/210.05 mi5, Doward Close, Hereford, Herefordshire HR1 1AJ3
£210K04/210.06 mi16, Wessington Drive, Hereford, Herefordshire HR1 1AH3
£265K12/220.06 mi10, Wessington Drive, Hereford, Herefordshire HR1 1AH3
£231.5K11/200.15 mi53, Campbell Road, Hereford, Herefordshire HR1 1AD3
£230K11/200.15 mi72, Campbell Road, Hereford, Herefordshire HR1 1AD3
£267.5K02/230.15 mi31, Campbell Road, Hereford, Herefordshire HR1 1AD3
£240K11/220.15 mi59, Campbell Road, Hereford, Herefordshire HR1 1AD3
£212K06/210.18 mi9, Old School Lane, Hereford, Herefordshire HR1 1EU3
£184K11/210.18 mi43, Old School Lane, Hereford, Herefordshire HR1 1EU3
£172K03/210.18 mi13, Old School Lane, Hereford, Hereford And Worcester HR1 1EU3
£159.9K03/210.22 mi83, Queensway, Hereford, Herefordshire HR1 1HG3
£181K03/210.24 mi158, Queensway, Hereford, Hereford And Worcester HR1 1HQ3
£350K06/230.27 mi31, Loder Drive, Hereford, Herefordshire HR1 1DS3
£240K06/230.36 mi4, Overbury Court, Hereford, Herefordshire HR1 1DG3
£205K05/210.37 mi42, Queensway, Hereford, Herefordshire HR1 1HF3
£186K04/210.37 mi49, Queensway, Hereford, Herefordshire HR1 1HF3
£256K12/220.37 mi51, Alexandra Avenue, Hereford, Herefordshire HR1 1HH3
£170K02/210.38 mi1, Princess Avenue, Hereford, Herefordshire HR1 1HJ3
£257.5K11/200.38 mi13, College Road, Hereford, Herefordshire HR1 1EE3
£227.5K09/210.38 mi50, Alexandra Avenue, Hereford, Herefordshire HR1 1HH3
£188K01/210.39 mi4, College Road, Hereford, Herefordshire HR1 1EF3
£222K12/200.39 mi12, College Road, Hereford, Herefordshire HR1 1EF3
£495K03/210.39 mi122, Aylestone Hill, Hereford, Herefordshire HR1 1JJ3
£350K05/210.39 mi129, Aylestone Hill, Hereford, Herefordshire HR1 1JJ3
£425K01/230.41 mi18, Lingen Avenue, Hereford, Herefordshire HR1 1BY3
£189K12/200.45 mi100, Kingsway, Hereford, Hereford And Worcester HR1 1HB3
£215K12/200.46 mi30, Kings Crescent, Hereford, Herefordshire HR1 1GY3
£310K05/210.5 mi16, Audley Crescent, Hereford, Herefordshire HR1 1BW3
£345K07/230.5 mi38, Audley Crescent, Hereford, Herefordshire HR1 1BW3
£357.5K06/230.5 mi16, Audley Crescent, Hereford, Herefordshire HR1 1BW3
£233K03/210.5 mi15, Audley Crescent, Hereford, Hereford And Worcester HR1 1BW3
£306K03/210.5 mi18, Audley Crescent, Hereford, Herefordshire HR1 1BW3
£256K06/210.5 mi3, Audley Crescent, Hereford, Herefordshire HR1 1BW3
£225K02/210.5 mi75, Red Norman Rise, Holmer, Hereford, Herefordshire HR1 1GP3
£102.5K12/220.51 mi9, Regent Gardens, Hereford, Herefordshire HR1 1EZ3
£147K05/210.51 mi30, Bryngwyn Close, Hereford, Herefordshire HR1 1EW3
£245K05/210.52 mi34, Moreland Avenue, Hereford, Hereford And Worcester HR1 1BN3
£240K06/230.54 mi48, Huskinson Drive, Hereford, Herefordshire HR1 1DB3
£480K01/230.54 mi3, Broadlands Lane, Hereford, Herefordshire HR1 1HZ3
£252K12/220.59 mi7, Link Road, Hereford, Herefordshire HR1 1BG3
£310K06/230.59 mi4, Muirfield Close, Holmer, Hereford, Herefordshire HR1 1QB3
£250K06/210.59 mi10, Link Road, Hereford, Herefordshire HR1 1BG3
£280K07/230.59 mi23, Link Road, Hereford, Herefordshire HR1 1BG3
£205K03/230.59 mi17, Link Road, Hereford, Herefordshire HR1 1BG3
£256.5K05/210.59 mi20, Moreland Avenue, Hereford, Herefordshire HR1 1BL3
£299.9K06/210.66 mi13, Carter Grove, Hereford, Herefordshire HR1 1NT3
£505K01/230.68 mi26, Aylestone Hill, Hereford, Herefordshire HR1 1HS3
£229.9K10/210.74 mi20, Holmer Road, Hereford, Herefordshire HR4 9SA3
£248K04/210.76 mi37, Holmer Road, Hereford, Hereford And Worcester HR4 9RX3

Local Rents

13 rents from £975/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10008/240.52 mi-3
£99505/240.64 miMortimer Road, Hereford3
£1,30012/240.73 mi-3
£97512/240.81 mi-3
£97508/240.81 mi-3
£99512/240.82 miWhittern Way, HEREFORD3
£99502/240.84 mi-3
£1,20006/241.07 mi-3
£1,10012/241.11 mi-3
£1,10004/241.16 miHedgerow Way, Holmer, Hereford3
£1,10005/241.16 miHedgerow Way, Holmer, Hereford3
£1,20012/241.21 miSt. Owen Street, Hereford3
£99512/241.23 mi-3

Local Area Statistics

Population in HR1

32,145

Population in Hereford

101,068

Town centre distance

3.27 miles away

Nearest school

0.10 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+33%

Property History

Price changed to £225,000

March 24, 2025

Listed for £230,000

February 13, 2025

Floor Plans

Description

  • Semi-Detached +
  • Front & Rear Gardens +
  • Driveway Parking +
  • Kitchen/Diner +
  • Cul De Sac Location +
  • Three Bedrooms +
  • Scope for Modernisation and Development +
  • Downstairs W.C +

SUMMARY
A three-bedroom semi-detached property located in the popular Victoria Park area. Offering large front and rear gardens, off road parking and scope for modernisation. A short distance from Hereford City Centre, County Hospital and Railway Station.

DESCRIPTION
This semi-detached property occupies a large corner plot with spacious front and rear gardens, along with a private driveway for multiple vehicles. Accommodation briefly comprises; entrance hall, cloakroom, lounge, kitchen/diner, three bedrooms and family bathroom.

Very conveniently located within walking distance to Ofsted rated 'Outstanding' St Francis Xavier's Primary School. A short distance further are Aylestone High School, Hereford Sixth Form College, Hereford College of Arts and The Royal National College for the Blind. Also in the immediate vicinity you will find la local shop, and fish & chip shop. Hereford County Hospital, Train Station and Bus Station are located approx 1.5 miles away. Hereford City Centre is less than 2 miles away and offers a wider range of shops, supermarkets, resultants and bars.

Approach 
Two car driveway, large lawn area and a pathway leading to the front entrance.

Entrance Hall 
Ceiling light point, radiator and stairs to first floor landing.

Cloakroom 
WC, wash hand basin, ceiling light point and radiator.

Lounge 16' 5" x 12' 7" ( 5.00m x 3.84m )
Double glazed window to front, ceiling light point, radiator, gas fire place and door to the kitchen/diner.

Kitchen/Diner 18' 10" x 8' 9" ( 5.74m x 2.67m )
Wall and base units, roll top work surfaces, one bowl sink and drainer with splashbacks, integrated oven, grill, gas hob and cooker hood, plumbing for washing machine, space for tumble dryer, space for fridge freezer, two double glazed windows to rear aspect, two ceiling light points and rear door to garden.

Landing 
Loft hatch, airing cupboard, ceiling light point and radiator.

Bedroom One 11' 4" x 12' 2" max ( 3.45m x 3.71m max )
Double glazed window to rear elevation, radiator and ceiling light point.

Bedroom Two 10' 1" x 13' 3" ( 3.07m x 4.04m )
Double glazed window to front elevation, ceiling light point, radiator and storage cupboard.

Bedroom Three 8' 3" x 4' 3" into recess ( 2.51m x 1.30m into recess )
Double glazed window to front elevation, ceiling light point, radiator and storage cupboard.

Bathroom 
Bath with shower overhead and splashback tiling, WC, wash hand basin, radiator, ceiling light point and double glazed window to rear elevation.

Garden 
A large lawned garden wrapping around from the front to the rear of the property, enclosed by hedges and fencing at the border.

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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