2 Bed Flat, Single Let, Hereford, HR1 2UF, £160,000

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

Leasehold
BTL
ROI: 2%
~68 m²
+1 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£168,440
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£700 - £1,100

Rent Estimate

£759

Running Costs/mo

£672

Cashflow/mo

£87

Cashflow/yr

£1,046

ROI

2%

Gross Yield

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.

PriceDateDistanceAddressBeds 
£163K03/230 miFlat 14, Arden Court, Bodenham Road, Hereford, Herefordshire HR1 2UF2
£129K12/200.01 miFlat 11, Arden Court, Bodenham Road, Hereford, Herefordshire HR1 2UF2
£147.5K06/210.22 mi108, Ledbury Road, Hereford, Herefordshire HR1 2TB2
£128.5K05/210.27 mi15, Pilley Road, Hereford, Herefordshire HR1 1NA2
£148.5K11/200.44 miFlat 14, The Embankment, Gaol Street, Hereford, Herefordshire HR1 2AF2
£155K09/220.51 mi3, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£155K11/220.51 mi15, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£165K04/230.51 mi5, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£196K06/210.52 mi10, Harold Street, Hereford, Herefordshire HR1 2QU2
£190K06/210.53 mi14a, St Ethelbert Street, Hereford, Herefordshire HR1 2NR2
£105K11/220.54 miFlat 21, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£135K03/210.55 mi134, Whittern Way, Hereford, Herefordshire HR1 1PG2
£95K03/210.55 miFlat 22, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£92K06/230.55 miFlat 5, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£175K09/220.59 mi11, Hampton Street, Hereford, Herefordshire HR1 2RA2
£154.5K06/230.61 mi38, Huskinson Drive, Hereford, Herefordshire HR1 1DB2
£190K05/230.63 mi1, Nightingale Way, Hereford, Herefordshire HR1 2NQ2
£138K09/210.64 mi7, Angela Close, Hereford, Herefordshire HR1 1TZ2
£240K07/210.64 miFlat, 15, Wye Way, Hereford, Herefordshire HR1 2NP2
£145K08/210.84 miFlat 2, Red Lion Court, Victoria Street, Hereford, Hereford And Worcester HR4 0BZ2
£136.5K06/210.92 mi3, Wyelands Close, Hereford, Herefordshire HR2 6DH2
£134K03/220.93 mi7, Wyelands Close, Hereford, Herefordshire HR2 6DH2

Local Rents

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

RentDateDistanceAddressBeds 
£85012/240.24 miAylestone Hill, Hereford, HR12
£94505/240.4 mi-2
£94505/240.4 mi-2
£90005/240.4 mi-2
£89502/250.53 mi-2
£70012/240.54 miHereford, Herefordshire, HR12
£1,10012/240.58 mi-2
£1,10002/250.58 mi-2
£98003/250.62 mi-2
£80012/240.64 miAngela Close, Hereford, HR12
£97504/240.67 miWidemarsh Street, HEREFORD2
£97504/240.67 miWidemarsh Street, HEREFORD2
£97504/240.67 miWidemarsh Street, HEREFORD2
£79504/240.79 miBewell Street, Hereford, HR42
£83004/240.91 miBalfour Close, Hereford, HR42
£82504/240.94 mi-2
£90010/240.95 mi-2
£1,05012/241.06 miHawthorn Grove, Hereford, Herefordshire, HR2 6AU2
£84003/241.06 mi-2
£82512/241.13 miBelmont Road, Belmont, Hereford, HR22
£85002/251.14 mi-2
£96009/241.18 mi-2
£96009/241.18 mi-2
£80004/251.18 mi-2

Local Area Statistics

Population in HR1

32,145

Population in Hereford

101,068

Town centre distance

4.11 miles away

Nearest school

0.40 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+33%

Property History

Listed for £160,000

February 14, 2025

Description

  • Investment Opportunity +
  • Double Glazing +
  • Close to City Centre +
  • Gas Heating +
  • Leasehold +
  • Off-road Parking +

Ideal investment opportunity with tenants in situ and a long lease. Well-presented Two bedroom second floor apartment, situated within walking distance to the County Hospital, City Centre & Hereford Train Station. This well positioned apartment comprises of entrance hall, two double bedrooms, shower room, well laid out kitchen and large living room. Additional benefits include gas Central heating and off-road parking. - No Chain - Council Tax Band : A - Heating : Wall Mounted Electric Heaters - Windows : Single Glazing - Broadband : Superfast available - Mobile reception : 100% of all providers likely - TV / Sky : Available - EPC : C             - Tenure : Leasehold (986 years) We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.  Please note our mobile reception & broadband availability information is taken direct from Ofcom, who state all information is given as a prediction and not a guarantee of coverage. EPC rating: C / Council tax band: B / Tenure: Leasehold / Annual ground rent: £25.00 / Annual service charge: £840pa EPC rating: C. Tenure: Leasehold,

Agent Details

Belvoir, Hereford

01432 370000

Next Steps?

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