2 Bed Flat, Single Let, Hereford, HR1 2TS, £139,500

Bodenham Road, Hereford, HR1 2TS - a month ago

Leasehold
BTL
ROI: 5%
~85 m²
+1 photos

ValuationUndervalued

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

 

 

Square Metres

~85 m²
Price/m²£1.6K/m²

Value Estimate

£167,400
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£34,875

Stamp Duty & Legal Fees

£8,175

Total Cash In

£43,050

 

 

Cash Out

 

Rent Range

£700 - £1,100

Rent Estimate

£806

Running Costs/mo

£617

Cashflow/mo

£189

Cashflow/yr

£2,266

ROI

5%

Gross Yield

7%

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 
£147.5K06/210.08 mi108, Ledbury Road, Hereford, Herefordshire HR1 2TB2
£128.5K05/210.19 mi15, Pilley Road, Hereford, Herefordshire HR1 1NA2
£163K03/230.22 miFlat 14, Arden Court, Bodenham Road, Hereford, Herefordshire HR1 2UF2
£129K12/200.22 miFlat 11, Arden Court, Bodenham Road, Hereford, Herefordshire HR1 2UF2
£138K09/210.42 mi7, Angela Close, Hereford, Herefordshire HR1 1TZ2
£196K06/210.49 mi10, Harold Street, Hereford, Herefordshire HR1 2QU2
£135K03/210.53 mi134, Whittern Way, Hereford, Herefordshire HR1 1PG2
£148.5K11/200.56 miFlat 14, The Embankment, Gaol Street, Hereford, Herefordshire HR1 2AF2
£175K09/220.56 mi11, Hampton Street, Hereford, Herefordshire HR1 2RA2
£190K06/210.62 mi14a, St Ethelbert Street, Hereford, Herefordshire HR1 2NR2
£190K05/230.63 mi1, Nightingale Way, Hereford, Herefordshire HR1 2NQ2
£105K11/220.64 miFlat 21, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£95K03/210.65 miFlat 22, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£92K06/230.65 miFlat 5, Guardian Court, Ferrers Street, Hereford, Herefordshire HR1 2LP2
£240K07/210.65 miFlat, 15, Wye Way, Hereford, Herefordshire HR1 2NP2
£155K09/220.68 mi3, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£155K11/220.68 mi15, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£165K04/230.68 mi5, Beechwood Court, Hereford, Herefordshire HR1 1DX2
£154.5K06/230.83 mi38, Huskinson Drive, Hereford, Herefordshire HR1 1DB2
£136.5K06/210.88 mi3, Wyelands Close, Hereford, Herefordshire HR2 6DH2
£134K03/220.9 mi7, Wyelands Close, Hereford, Herefordshire HR2 6DH2
£145K08/210.99 miFlat 2, Red Lion Court, Victoria Street, Hereford, Hereford And Worcester HR4 0BZ2

Local Rents

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

RentDateDistanceAddressBeds 
£80012/240.42 miAngela Close, Hereford, HR12
£89502/250.44 mi-2
£85012/240.45 miAylestone Hill, Hereford, HR12
£70012/240.48 miHereford, Herefordshire, HR12
£94505/240.57 mi-2
£94505/240.57 mi-2
£90005/240.57 mi-2
£1,10012/240.72 mi-2
£1,10002/250.72 mi-2
£98003/250.76 mi-2
£90010/240.79 mi-2
£97504/240.88 miWidemarsh Street, HEREFORD2
£97504/240.88 miWidemarsh Street, HEREFORD2
£97504/240.88 miWidemarsh Street, HEREFORD2
£82504/240.9 mi-2
£79504/240.94 miBewell Street, Hereford, HR42
£1,05012/241.02 miHawthorn Grove, Hereford, Herefordshire, HR2 6AU2
£83004/241.09 miBalfour Close, Hereford, HR42
£82512/241.17 miBelmont Road, Belmont, Hereford, HR22
£84003/241.19 mi-2

Local Area Statistics

Population in HR1

32,145

Population in Hereford

101,068

Town centre distance

4.32 miles away

Nearest school

0.50 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+33%

Property History

Listed for £139,500

March 8, 2025

Floor Plans

Description

'Situated to the north east of Hereford City in the highly sought after residential location of Bodenham Road a two bedroom, second floor apartment, with gas central heating and double glazing and far reaching views across Hereford City. The property also has the added benefit of a garage'
LOCATION
The property is located to the north east of Hereford City in a highly sought after residential location. In the area are a range of amenities and Hereford as a whole offers a wide range of shopping, leisure and recreational facilities together with educational establishments and both bus and railway stations.
DESCRIPTION
The property is a two bedroom second floor apartment and has the added benefit of gas central heating, double glazing and far reaching views across Hereford City. The accommodation comprises entrance hall, sitting room, kitchen, two bedrooms and bathroom. In more detail the accommodation comprises:
ON THE GROUND FLOOR:

Communal Entrance Hall
With stairs leading to the second floor and door to:
ON THE SECOND FLOOR:
THE SELF CONTAINED ACCOMMODATION OF FLAT 1:
Entrance Hall
With panelled radiator, thermostat for central heating, loft hatch, doors to bedrooms, kitchen, bathroom and sitting room.
Sitting Room 5.11m (16'9) (maximum) x 4.39m (14'5) (maximum)
With side aspect double glazed dormer window with views across Herefordshire, panelled radiator and television point.
Kitchen 3.05m (10'0) x 2.08m (6'10)
With front aspect double glazed window. A range of units comprising stainless steel sink drainer unit, work surface, tiled splash backs, base units under with matching wall units, space for cooker, space for tumble dryer, plumbing and space for washing machine, panelled radiator and vinyl flooring.
Bedroom 1 4.5m (14'9) (maximum) x 4.42m (14'6) (maximum)
With side aspect double glazed dormer window, panelled radiator and reduced head height to sections of the room.
Bedroom 2 4.39m (14'5) (maximum) x 3.51m (11'6) (maximum)
With front aspect double glazed window, fitted wardrobe, panelled radiator and reduced head height to sections of the room.
Bathroom
With rear aspect double glazed window with suite comprising panel enclosed bath with mixer tap and shower attachment. Shower cubicle with thermostatically controlled shower, pedestal mounted wash hand basin, low flush wc, extractor fan, panelled radiator, cupboard housing the gas central heating boiler, vinyl flooring and emergency door to the fire escape.
OUTSIDE:
The property sits in communal gardens and has the benefit of a parking space and GARAGE.
TENURE
The property is held on a 999 year lease which commenced on the 17th January 2008.
SERVICE CHARGE & MAINTENANCE CHARGES
The current maintenance charge is understood to be in the sum of £240 per quarter and £50 per calendar month for the service charge.
COUNCIL TAX BAND A
Payable to Herefordshire Council
BROADBAND & MOBILE PHONE COVERAGE
Broadband - Ultrafast available.

Mobile Phone Coverage - Please use to verify mobile coverage of different networks at this address.
SERVICES
It is understood that mains electricity, gas, water and drainage services are connected to the property. Confirmation in respect of mains service supplies should be obtained by the prospective purchaser. None of the electrical goods or other fittings has been tested and they are sold without warranty or undertaking that they are installed to current standards.
VIEWING
Strictly by appointment through the agents, telephone Hereford .
DIRECTIONAL NOTE
Proceed out of Hereford along St Owen Street and continue into Ledbury Road. Continue along Ledbury Road to the roundabout and take the first turning on the left into Bodenham Road where the property is located on the left hand side as indicated by the agents for sale board.
8th March 2025
ID39541
Disclaimer
Watkins Thomas Ltd. Registered in Cardiff, No: 8037310. These particulars are used on the strict understanding that all negotiations are conducted through WATKINS THOMAS LTD. MISREPRESENTATION ACT - 1967 WATKINS THOMAS LTD, for itself and for the Vendors of this property whose agent it is give notice that: 1. These particulars do not constitute, nor constitute any part of an offer or contract. 2. All statements contained in these particulars as to this property are made without responsibility on the part of WATKINS THOMAS LTD or the Vendor. 3. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. 4. Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 5. The Vendor does not make or give, and neither WATKINS THOMAS LTD nor any person in its employment has authority to make or give any representation or warranty whatsoever in relation to this property.

Agent Details

Watkins Thomas, Hereford

01432 272280

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