3 Bed Terraced House, Refurb/BRRR, Hereford, HR2 7HY, £190,000

Maidstone Close, Hereford, HR2 7HY - 2 months ago

Refurb/BRRR
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£115K - £302K
Sold Prices/m²£1.4K/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£195,700
BMV3%

 

 

End Value (After Refurb)

£236,729

Uplift in Value

+25%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£12,000

Refurb Costs

£37,702

Bridging Loan Interest

£4,988

Total Cash In

£103,939

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£236,729

Mortgage (After Refinance)

£177,547

Mortgage LTV

75%

Cash Released

£35,047

Cash Left In

£68,892

Equity

£59,182

Rent Range

£469 - £1,600

Rent Estimate

£867

Running Costs/mo

£933

Cashflow/mo

£-66

Cashflow/yr

£-794

Gross Yield

5%

Local Sold Prices

50 sold prices from £115K to £302K, average is £195K. £1.4K/m² to £3.6K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£230K01/230.04 mi34, Waterfield Road, Hereford, Herefordshire HR2 7ES3
£179.5K01/210.04 mi18, Waterfield Road, Hereford, Herefordshire HR2 7DD3
£160K03/210.08 mi37, Waterfield Road, Hereford, Herefordshire HR2 7EL3
£180K10/210.09 mi3, Brampton Road, Hereford, Herefordshire HR2 7DE3
£195K06/230.09 mi9, Weobley Close, Hereford, Herefordshire HR2 7EJ3
£210K06/210.11 mi11, Lacey Way, Hereford, Herefordshire HR2 7PB3
£185K05/210.11 mi41, Charlton Avenue, Hereford, Herefordshire HR2 7HP3
£180K05/210.12 mi24, Millard Close, Hereford, Herefordshire HR2 7EW3
£223K06/230.12 mi21, Carwardine Green, Hereford, Herefordshire HR2 7ER3
£140K02/210.15 mi2, Barons Mead, Hereford, Herefordshire HR2 7EP3
£229.5K05/230.15 mi71, Waterfield Road, Hereford, Herefordshire HR2 7EN3
£120K06/210.17 mi38, Ethelstan Crescent, Hereford, Herefordshire HR2 7HR3
£146K06/210.18 mi14, Skenfrith Walk, Hereford, Herefordshire HR2 7DP3
£195K05/230.2 mi57, Stanberrow Road, Hereford, Herefordshire HR2 7NE3
£172.5K02/210.2 mi57, Stanberrow Road, Hereford, Herefordshire HR2 7NE3
£222.5K01/230.2 mi31, Stanberrow Road, Hereford, Herefordshire HR2 7NE3
£210K01/230.21 mi24, Flaxley Drive, Hereford, Herefordshire HR2 7XQ3
£220K01/230.23 mi206, Belmont Road, Hereford, Herefordshire HR2 7HA3
£163K03/210.24 mi15, Kilpeck Avenue, Hereford, Herefordshire HR2 7DT3
£265K01/230.24 mi14, Glastonbury Close, Belmont, Hereford, Herefordshire HR2 7YL3
£210K12/200.24 mi15, Glastonbury Close, Belmont, Hereford, Herefordshire HR2 7YL3
£204K04/210.24 mi9, Yarlington Mill, Belmont, Hereford, Herefordshire HR2 7UB3
£247K04/210.24 mi21, Yarlington Mill, Belmont, Hereford, Herefordshire HR2 7UB3
£115K12/200.24 mi94, Stanberrow Road, Hereford, Herefordshire HR2 7NB3
£257K03/210.25 mi50, Whitefriars Road, Hereford, Herefordshire HR2 7XF3
£195K12/200.25 mi44, Whitefriars Road, Hereford, Herefordshire HR2 7XF3
£187.5K04/230.25 mi5, Rothesay Mead, Hereford, Herefordshire HR2 7BJ3
£180K12/210.27 mi34, Kilpeck Avenue, Hereford, Hereford And Worcester HR2 7DS3
£302K01/230.27 mi3, Priory View, Hereford, Herefordshire HR2 7XH3
£130K04/210.29 mi17, Dunoon Mead, Hereford, Herefordshire HR2 7BL3
£200K07/210.29 mi11, Honddu Close, Hereford, Herefordshire HR2 7NX3
£236K04/210.3 mi29, Holmfirth Close, Hereford, Herefordshire HR2 7UG3
£177K03/210.3 mi29, Haylease Crescent, Hereford, Herefordshire HR2 7AN3
£215K03/210.3 mi16, Buckfast Close, Belmont, Hereford, Herefordshire HR2 7XL3
£157K05/210.31 mi8, Monnow Crescent, Hereford, Herefordshire HR2 7NH3
£185K09/210.31 mi25, Merryhill Crescent, Hereford, Herefordshire HR2 7AH3
£156.5K03/210.31 mi28, Merryhill Crescent, Hereford, Herefordshire HR2 7AH3
£188K02/230.31 mi105, Waterfield Road, Hereford, Herefordshire HR2 7EY3
£195K05/230.31 mi85, Waterfield Road, Hereford, Herefordshire HR2 7EY3
£195K12/220.32 mi5, Ludlow Place, Hereford, Herefordshire HR2 7EB3
£195K02/230.32 mi30, Blackmarston Road, Hereford, Herefordshire HR2 7AJ3
£133.5K08/210.32 mi5, Ludlow Place, Hereford, Herefordshire HR2 7EB3
£210K06/230.32 mi19, Escley Drive, Hereford, Herefordshire HR2 7LU3
£295K07/230.35 mi23, Tavistock Drive, Hereford, Herefordshire HR2 7XN3
£175K11/210.36 mi77, Brampton Road, Hereford, Herefordshire HR2 7DQ3
£157.5K10/200.36 mi75, Brampton Road, Hereford, Herefordshire HR2 7DQ3
£168K11/200.37 mi8, Redwing Walk, Hereford, Herefordshire HR2 7TW3
£235K11/210.38 mi48, Honddu Close, Hereford, Herefordshire HR2 7NY3
£170K01/210.38 mi68, Hunderton Road, Hereford, Herefordshire HR2 7AP3
£222K01/230.38 mi9, Falstaff Road, Hereford, Herefordshire HR2 7QF3

Local Rents

53 rents from £469/mo to £1.6K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£1,05012/240.12 miNew Kilvert Road, HEREFORD3
£95012/240.18 mi-3
£97510/240.18 mi-3
£97510/240.18 mi-3
£86504/240.19 miCoppin Rise, Belmont, HEREFORD2
£85012/240.2 miFlaxley Drive, Hereford2
£70012/240.26 mi-1
£99504/240.32 miEscley Drive, HEREFORD3
£85008/230.36 mi-2
£67512/240.36 miBlakemore Close, HEREFORD2
£62508/230.38 mi-1
£62512/240.38 miBelmont, Hereford1
£85004/240.39 miHolm Oak Road, Belmont, HEREFORD2
£65101/250.4 mi-4
£80004/250.41 mi-2
£79511/240.45 mi-1
£79511/240.45 mi-1
£70012/240.47 miBelmont Road, Hereford, HR21
£69504/240.47 miBlackthorn Close, Belmont, HEREFORD1
£89504/250.48 mi-2
£95012/240.58 miWestholme Road, Belmont, HEREFORD3
£46908/240.64 mi-1
£82512/240.65 miBelmont Road, Belmont, Hereford, HR22
£88512/240.65 miCider Press Drive, Hereford, HR22
£70011/240.67 mi-1
£1,60012/240.69 miDorchester Way, Hereford, HR26
£79503/240.77 mi-1
£67511/240.77 mi-1
£69502/250.78 mi-1
£1,15012/240.81 miThe Hawthorns, Hereford3
£1,05012/240.82 miHawthorn Grove, Hereford, Herefordshire, HR2 6AU2
£65012/240.85 miHolme Lacy Road, Hereford, HR21
£1,15004/240.88 miWalton Close, HEREFORD3
£1,60004/240.89 miHereford, Herefordshire, HR26
£82504/240.93 mi-2
£80011/230.96 mi-2
£1,50008/240.97 mi-5
£1,50008/240.97 mi-5
£60012/241.02 miPeregrine Close, Hereford, HR21
£84003/241.04 mi-2
£64505/241.05 miKernal Road, Hereford1
£87504/241.06 miBridge Street, HEREFORD3
£72004/241.06 miOld Mill Close, HEREFORD1
£1,25004/241.07 miBridge Street, Hereford4
£1,50009/231.08 mi-4
£67512/241.13 miSt James, Hereford1
£82012/241.13 miThe Pastures, Hereford, HR22
£75003/251.16 mi-1
£89505/241.17 miCornewall Steet, Whitecross, Hereford, HR42
£85002/251.19 mi-2
£79504/241.21 miBewell Street, Hereford, HR42
£62503/251.21 mi-1
£65002/241.25 miEast Street, Hereford, HR11

Local Area Statistics

Population in HR2

38,935

Population in Hereford

101,068

Town centre distance

4.90 miles away

Nearest school

0.30 miles away

Nearest train station

1.75 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-47%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £190,000

February 17, 2025

Floor Plans

Description

  • NO ONWARD CHIAN +
  • Mid-Terrace Family Home +
  • Three Bedrooms +
  • Upstairs Bathroom +
  • In Need Of Up Dating In Parts +

SUMMARY
Being sold with NO ONWARD CHAIN this wonderful mid-terrace family home is in need of updating throughout. The property enjoys a convenient position merely 1.5 miles south of the bustling city centre and is surrounded by an array of amenities. Call now to book an early viewing to avoid disappointment

DESCRIPTION
This mid-terrace three-bedroom home is being sold with NO ONWARD CHAIN and is in need of updating in parts. This lovely property can be made into a perfect family home and is also a good opportunity for first time buyers looking to get onto the property ladder. This property enjoys a convenient position merely 1.5 miles south of the bustling city centre and is surrounded by an array of amenities such as shops and schools. Residents can also access playparks and open field walks, enhancing the area's appeal. Briefly comprising entrance hall, lounge, kitchen, utility room, first floor landing, three bedrooms, family bathroom, front and rear gardens.

Approach  
A concrete path leading to the front door with a lawn area to the side with mature shrubs and fencing to the boarders with a door leading to:

Entrance Hall 
Double glazed door to front elevation, double glazed obscure window to front elevation, stairs, central heating radiator, ceiling light point and doors to the following.

Lounge 17' 11" max x 11' 4" ( 5.46m max x 3.45m )
Double glazed door to rear elevation, double glazed window to rear elevation, gas fire with feature surround, central heating radiator ceiling light point and ceiling rose.

Kitchen 12' 6" max x 7' 2" ( 3.81m max x 2.18m )
Fitted kitchen with wooden wall and base units, roll top work surface, one bowl sink and drainer with splash tiling to walls, integrated electric oven and hob, plumbed in washing machine, double glazed door to front elevation, double glazed window to front elevation, pantry, ceiling light point and arch to utility room.

Utility Room 11' 2" x 5' 6" ( 3.40m x 1.68m )
Double glazed window to rear elevation, roll top work surfaces, space for fridge freezer, central heating boiler, storage cupboard and ceiling light point.

Landing 
Double glazed window to front elevation, loft access, ceiling light point and doors to the following.

Bedroom One 11' 2" x 11' 6" ( 3.40m x 3.51m )
Double glazed windows to rear elevation, built in wardrobe plus an airing cupboard, central heating radiator and ceiling light point.

Bedroom Two 9' 11" x 7' 9" plus recess ( 3.02m x 2.36m plus recess )
Double glazed window rear elevation, built in wardrobe, central heating radiator and ceiling light point.

Bedroom Three 9' 10" x 6' 9" ( 3.00m x 2.06m )
Double glazed window to front elevation, central heating radiator and ceiling light point.

Bathroom 
Modern white suite briefly comprising of bath with mixer taps, shower, wash hand basin, low WC, part tiling, central heating radiator, ceiling light point and double glazed obscure window to front elevation.

Rear Garden 
Slab to lawn, mature shrubs and fencing.

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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