2 Bed Flat, Single Let, Hereford, HR1 2TP, £175,000

Bodenham Road, Hereford, HR1 2TP - 2 views - 2 months ago

BTL

ROI: 2%

~68 m²

+7 photos

ValuationOvervalued

Sold Prices	£92K - £240K
Sold Prices/m²	£1.6K/m² - £3.3K/m²

Square Metres	~68.11 m²
Price/m²	£2.6K/m²
Value Estimate	£168,440£168,440

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£43,750£43,750
Stamp Duty & Legal Fees	£6,450£6,450
Total Cash In	£50,200£50,200

Cash Out
Rent Range	£700 - £1,100£700 - £1,100
Rent Estimate	£803
Running Costs/mo	£727£727
Cashflow/mo	£76£76
Cashflow/yr	£906£906
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

22 sold prices from £92K to £240K, average is £148K. £1.6K/m² to £3.3K/m², average is £2.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£129K	12/20	0.11 mi	Flat 11, Arden Court, Bodenham Road, Hereford, Herefordshire HR1 2UF	-	-	2	Flat
£163K	03/23	0.12 mi	Flat 14, Arden Court, Bodenham Road, Hereford, Herefordshire HR1 2UF	-	-	2	Flat
£128.5K	05/21	0.16 mi	15, Pilley Road, Hereford, Herefordshire HR1 1NA	£1,977	65	2	Flat
£147.5K	06/21	0.17 mi	108, Ledbury Road, Hereford, Herefordshire HR1 2TB	£2,235	66	2	Flat
£135K	03/21	0.47 mi	134, Whittern Way, Hereford, Herefordshire HR1 1PG	£2,177	62	2	Flat
£148.5K	11/20	0.53 mi	Flat 14, The Embankment, Gaol Street, Hereford, Herefordshire HR1 2AF	-	-	2	Flat
£138K	09/21	0.53 mi	7, Angela Close, Hereford, Herefordshire HR1 1TZ	£2,604	53	2	Flat
£196K	06/21	0.54 mi	10, Harold Street, Hereford, Herefordshire HR1 2QU	-	-	2	Flat
£155K	09/22	0.56 mi	3, Beechwood Court, Hereford, Herefordshire HR1 1DX	£2,981	52	2	Flat
£155K	11/22	0.56 mi	15, Beechwood Court, Hereford, Herefordshire HR1 1DX	£2,541	61	2	Flat
£165K	04/23	0.56 mi	5, Beechwood Court, Hereford, Herefordshire HR1 1DX	£3,039	54	2	Flat
£190K	06/21	0.61 mi	14a, St Ethelbert Street, Hereford, Herefordshire HR1 2NR	£2,405	79	2	Flat
£175K	09/22	0.62 mi	11, Hampton Street, Hereford, Herefordshire HR1 2RA	£2,692	65	2	Flat
£105K	11/22	0.63 mi	Flat 21, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP	-	-	2	Flat
£95K	03/21	0.64 mi	Flat 22, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP	-	-	2	Flat
£92K	06/23	0.64 mi	Flat 5, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP	£1,586	58	2	Flat
£190K	05/23	0.68 mi	1, Nightingale Way, Hereford, Herefordshire HR1 2NQ	£2,627	72	2	Flat
£240K	07/21	0.69 mi	Flat, 15, Wye Way, Hereford, Herefordshire HR1 2NP	-	-	2	Flat
£154.5K	06/23	0.73 mi	38, Huskinson Drive, Hereford, Herefordshire HR1 1DB	£3,287	47	2	Flat
£136.5K	06/21	0.95 mi	3, Wyelands Close, Hereford, Herefordshire HR2 6DH	£1,923	71	2	Flat
£145K	08/21	0.95 mi	Flat 2, Red Lion Court, Victoria Street, Hereford, Hereford And Worcester HR4 0BZ	-	-	2	Flat
£134K	03/22	0.96 mi	7, Wyelands Close, Hereford, Herefordshire HR2 6DH	£2,030	66	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£850	12/24	0.34 mi	Aylestone Hill, Hereford, HR1	2	Flat
£700	12/24	0.45 mi	Hereford, Herefordshire, HR1	2	Flat
£945	05/24	0.51 mi	-	2	Flat
£945	05/24	0.51 mi	-	2	Flat
£900	05/24	0.51 mi	-	2	Flat
£895	03/25	0.52 mi	-	2	Flat
£800	12/24	0.53 mi	Angela Close, Hereford, HR1	2	Flat
£1,100	12/24	0.68 mi	-	2	Flat
£1,100	02/25	0.68 mi	-	2	Flat
£980	03/25	0.72 mi	-	2	Flat
£975	04/24	0.78 mi	Widemarsh Street, HEREFORD	2	House
£975	04/24	0.78 mi	Widemarsh Street, HEREFORD	2	House
£975	04/24	0.78 mi	Widemarsh Street, HEREFORD	2	House
£900	10/24	0.84 mi	-	2	Terraced House
£795	04/24	0.9 mi	Bewell Street, Hereford, HR4	2	Flat
£825	04/24	0.97 mi	-	2	Flat
£830	04/24	1.03 mi	Balfour Close, Hereford, HR4	2	Terraced House
£1,050	12/24	1.09 mi	Hawthorn Grove, Hereford, Herefordshire, HR2 6AU	2	Bungalow
£840	03/24	1.16 mi	-	2	Flat
£825	12/24	1.2 mi	Belmont Road, Belmont, Hereford, HR2	2	Flat

Local Area Statistics

Population in HR1	32,14532,145
Population in Hereford	101,068101,068
Town centre distance	4.20 miles away4.20 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.49 miles away0.49 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+8%+8%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+33%+33%

Property History

Listed for £175,000

February 14, 2025

Floor Plans

Description

No onward chain! +
Ideal first time buyer/investor accommodation +
Sought after residential location +
2 bedroom ground floor apartment +
Close proximity to the City Centre +
Share of the freehold +

ituated on the highly sought after Bodenham Road, an impressive self contained two bedroom ground floor apartment offering ideal first time buyer/investor accommodation and being sold with the added benefit of no onward chain. The property lies approximately 1 mile east of Hereford City Centre and provides easy access to railway and bus stations, Sixth Form, Technical & Art College, hospitals and Hereford’s main shopping centre is within a few minutes walking distance. Briefly the accommodation includes, communal entrance hall, entrance hall, 2 bedrooms, shower room and spacious open-plan living, communal gardens and parking.

Agent Details

Flint & Cook, Hereford

01432 802254

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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