4 Bed Bungalow, Refurb/BRRR, Hereford, HR2 8AF, £625,000

Ridgehill, Hereford, HR2 8AF - a month ago

Refurb/BRRR
~129 m²
+22 photos

ValuationOvervalued

Sold Prices£155K - £495.4K
Sold Prices/m²£1.6K/m² - £3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£4.8K/m²

Value Estimate

£318,628

 

 

End Value (After Refurb)

£356,363

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£156,250

Stamp Duty & Legal Fees

£51,200

Refurb Costs

£52,400

Bridging Loan Interest

£16,406

Total Cash In

£278,006

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£356,363

Mortgage (After Refinance)

£267,272

Mortgage LTV

75%

Cash Left In

£278,006

Equity

£89,091

Rent Range

£469 - £2,800

Rent Estimate

£917

Running Costs/mo

£1,317

Cashflow/mo

£-400

Cashflow/yr

£-4,800

Gross Yield

2%

Local Sold Prices

44 sold prices from £155K to £495.4K, average is £263.8K. £1.6K/m² to £3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£295K02/211.04 mi5, Hever Road, Lower Bullingham, Hereford, Herefordshire HR2 6EW4
£300K06/211.04 mi18, The Ploughman, Hereford, Herefordshire HR2 6GG4
£350K12/211.07 mi14, Upper Field Close, Hereford, Herefordshire HR2 7SW4
£262.5K12/201.12 mi38, Warwick Road, Lower Bullingham, Hereford, Herefordshire HR2 6FB4
£289K02/211.12 mi30, Warwick Road, Lower Bullingham, Hereford, Herefordshire HR2 6FB4
£359.5K12/221.13 mi32, Warwick Road, Lower Bullingham, Hereford, Herefordshire HR2 6FB4
£190K02/231.13 mi9, Franks Avenue, Hereford, Herefordshire HR2 6HZ4
£232K06/211.13 mi42, Staddlestone Circle, Hereford, Herefordshire HR2 6SB4
£262K09/211.13 mi58, Staddlestone Circle, Hereford, Herefordshire HR2 6SB4
£245K07/231.13 mi35, Staddlestone Circle, Hereford, Herefordshire HR2 6SB4
£305K01/211.13 mi15, Bullingham Lane, Hereford, Herefordshire HR2 6RU4
£270K01/231.13 mi54, Staddlestone Circle, Hereford, Herefordshire HR2 6SB4
£200K06/231.14 mi24, Aconbury Avenue, Hereford, Herefordshire HR2 6HR4
£216K09/211.16 mi8, Bardolph Close, Hereford, Herefordshire HR2 7QA4
£167.5K01/211.19 mi57, Mayne Avenue, Hereford, Herefordshire HR2 6HY4
£302.5K03/231.2 mi37, St Clares Court, Lower Bullingham, Hereford, Herefordshire HR2 6PY4
£271K02/211.21 mi18, St Clares Court, Lower Bullingham, Hereford, Hereford And Worcester HR2 6PX4
£347.5K08/231.21 mi16, St Clares Court, Lower Bullingham, Hereford, Herefordshire HR2 6PX4
£255K09/211.27 mi51, Waggoners Way, Hereford, Herefordshire HR2 6RJ4
£255K04/231.27 mi55, Waggoners Way, Hereford, Herefordshire HR2 6RJ4
£308K12/201.27 mi17, Waggoners Way, Hereford, Herefordshire HR2 6RJ4
£245K02/211.31 mi2, Harris Court, Lower Bullingham, Hereford, Herefordshire HR2 6FD4
£228K01/211.35 mi20, The Willows, Lower Bullingham, Hereford, Herefordshire HR2 6DP4
£287K12/221.36 mi24, Withybrook Close, Hereford, Herefordshire HR2 6RD4
£320K09/211.37 mi196, Ross Road, Hereford, Herefordshire HR2 7PL4
£280K04/211.38 mi11, Putson Avenue, Hereford, Herefordshire HR2 6DT4
£287K03/211.38 mi140, Hinton Road, Hereford, Herefordshire HR2 6BW4
£235K04/211.45 mi4, Rotherwas Close, Hereford, Herefordshire HR2 6RG4
£178K08/211.46 mi2, Birch Grove, Hereford, Herefordshire HR2 6AS4
£195K08/211.47 mi120, Brampton Road, Hereford, Herefordshire HR2 7DJ4
£227K03/211.63 mi77, Hinton Crescent, Hereford, Herefordshire HR2 6AE4
£155K02/211.72 mi71, Waterfield Road, Hereford, Herefordshire HR2 7EN4
£255K03/211.8 mi8, Yarlington Mill, Belmont, Hereford, Herefordshire HR2 7UB4
£300K01/231.8 mi24, Sycamore Avenue, Belmont, Hereford, Herefordshire HR2 7GA4
£249K10/201.85 mi2, Monkscroft Drive, Belmont, Hereford, Herefordshire HR2 7XB4
£248K01/211.85 mi54, Whitefriars Road, Hereford, Herefordshire HR2 7XF4
£365K03/211.89 mi1, Merryhill Park, Belmont, Hereford, Herefordshire HR2 9SS4
£200K04/231.9 mi52, Hunderton Road, Hereford, Herefordshire HR2 7AG4
£215K03/211.9 mi30, Hampton Street, Hereford, Herefordshire HR1 2RA4
£375K11/221.91 mi22, Harold Street, Hereford, Herefordshire HR1 2QU4
£495.4K01/211.91 mi2, Quay Close, Hereford, Herefordshire HR1 2RQ4
£305K08/211.92 mi3, Nightingale Way, Hereford, Herefordshire HR1 2NQ4
£265K12/211.93 mi112, Park Street, Hereford, Herefordshire HR1 2RE4
£305K05/231.94 mi7, Whitefriars Road, Hereford, Herefordshire HR2 7XE4

Local Rents

52 rents from £469/mo to £2.8K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£82012/241.05 miThe Pastures, Hereford, HR22
£62503/251.09 mi-1
£1,15012/241.11 miThe Hawthorns, Hereford3
£70011/241.16 mi-1
£88512/241.18 miCider Press Drive, Hereford, HR22
£65012/241.36 miHolme Lacy Road, Hereford, HR21
£1,15004/241.38 miWalton Close, HEREFORD3
£1,60004/241.4 miHereford, Herefordshire, HR26
£60012/241.43 miPeregrine Close, Hereford, HR21
£85008/231.5 mi-2
£67512/241.5 miBlakemore Close, HEREFORD2
£62508/231.53 mi-1
£95012/241.53 mi-3
£97510/241.53 mi-3
£97510/241.53 mi-3
£65101/251.55 mi-4
£1,05012/241.56 miHawthorn Grove, Hereford, Herefordshire, HR2 6AU2
£1,05012/241.63 miNew Kilvert Road, HEREFORD3
£82504/241.64 mi-2
£99504/241.69 miEscley Drive, HEREFORD3
£70012/241.77 miBelmont Road, Hereford, HR21
£86504/241.78 miCoppin Rise, Belmont, HEREFORD2
£46908/241.78 mi-1
£85012/241.81 miFlaxley Drive, Hereford2
£82512/241.82 miBelmont Road, Belmont, Hereford, HR22
£89504/251.85 mi-2
£85004/241.85 miHolm Oak Road, Belmont, HEREFORD2
£70012/241.87 mi-1
£69504/241.89 miBlackthorn Close, Belmont, HEREFORD1
£67512/241.9 miSt James, Hereford1
£75003/251.91 mi-1
£95012/241.92 miWestholme Road, Belmont, HEREFORD3
£89503/251.92 mi-2
£49502/251.92 mi-1
£1,30012/241.93 mi-3
£1,30012/241.93 mi-3
£1,35011/241.93 mi-3
£2,80012/241.95 mi-4
£62512/241.95 miBelmont, Hereford1
£79512/241.96 mi-1
£79512/241.96 mi-1
£80004/251.98 mi-2
£57512/242.06 miClive Street, Hereford1
£99512/242.07 mi-3
£1,20012/242.09 miSt. Owen Street, Hereford3
£80012/242.13 miAngela Close, Hereford, HR12
£70012/242.15 miNevinson Place, Tupsley, Hereford, HR11
£87504/242.17 miBridge Street, HEREFORD3
£1,25004/242.18 miBridge Street, Hereford4
£1,60012/242.2 miDorchester Way, Hereford, HR26
£57512/242.21 miCentral Avenue, HEREFORD1
£1,10012/242.21 mi-3

Local Area Statistics

Population in HR2

38,935

Population in Hereford

101,068

Town centre distance

6.31 miles away

Nearest school

1.30 miles away

Nearest train station

2.67 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-47%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £625,000

March 11, 2025

Floor Plans

Description

  • Accessible and easily adaptable with two ground floor bedrooms and bathroom +
  • Two additional first floor bedrooms and bathroom +
  • Three reception rooms, kitchen and utility with additional store rooms +
  • Well maintained and offered in good condition with scope for modernisation +
  • Large double garage, parking and extensive lawned gardens +
  • Lovely rural location with views towards Dinedor, The Black Mountains and Hereford +
  • Easy access to Hereford (5 minutes drive) and city centre amenities +
  • Readily accessible to a number of regional centres +

A substantial detached well-appointed dormer bungalow, centrally heated and double glazed. In a delightful rural location with views to Dinedor and extensive views towards The Black Mountains to the west, just five minutes drive into Hereford itself.

Situation And Description - Lightwoods is a substantial detached dormer bungalow in a picturesque rural setting, enjoying far-reaching views towards Dinedor and The Black Mountains. Despite its peaceful location, the property is just a five-minute drive from Hereford, offering both seclusion and convenience. Well-appointed and well-maintained, the bungalow benefits from oil-fired central heating and double glazing, with flexible accommodation suited to a variety of needs.

The Property - Lightwoods offers versatile accommodation and would suit disabled use if required with two ground-floor bedrooms, a bathroom, and spacious reception areas ensuring easy accessibility. The well-equipped kitchen with a breakfast area and additional reception space offers flexibility for family living. Upstairs, two further bedrooms and a second bathroom provide extra accommodation, along with useful storage space. Set within extensive lawned gardens, the home also benefits from a large double garage and ample parking. While in good condition, it offers scope for modernisation, making it an excellent opportunity for a family or those looking to create a home tailored to their needs.

Porch -

Inner Porch -

Reception Hall -

Sitting Room - With Living Flame fireplace, display shelving, picture window to maximise superb views.

Dining Room - With sliding patio door to

Conservatory/Garden Room - With tiled flooring, radiators, French doors to garden, patio, beautiful views to Dinedor Hill. Separate door to Master Bedroom.

Kitchen With Breakfast Area - Well fitted with a range of cupboards, drawers, eye level wall cupboards, work surface spaces, plumbing for automatic dishwasher, handmade kitchen units, stainless 1.5 bowl steel sink unit, Hotpoint electric oven and grill, space for fridge, Hotpoint hob, extractor, tiling, downlighting.
Further reception area with tiling, door to rear gardens and front, deep walk-in

Store Room/Cupboard -

Separate Wc -

Utility - With stainless steel sink unit, work surface space, cupboards and drawers, eye level wall cupboards.

Inner Hallway - With fitted cupboards.

Large Master Bedroom - Dual aspect, fitted wardrobes and drawers, shelving, vanity unit and dressing table. Door to Conservatory.

Bedroom Two - dual aspdual aspect with far reaching views.ect with far reaching views.

Family Bathroom - With whirlpool bath, heated flooring, wc, wash hand basin with cupboard under, curved shower with thermostatically controlled Mira shower, heated towel rail, tiling and mirror fronted medicine cabinet.

Open plan stairway to

First Floor Landing - With airing cupboard and direct flow hot water cylinder, central heating controls.

Bedroom Three - with part pitched ceiling, dressing table, drawers and mirror fronted double wardrobe. Access to under eaves storage.

Bathroom Two - With panelled bath, shower attachment, tiling, wc, wash hand basin, fitted mirror and mirror fronted medicine cabinet.

Bedroom Four - With mirror fronted wardrobe, storage over, door to useful dressing table and drawers. Door to

Useful Attic Room - With access to under eaves storage either side, which could form a useful en-suite facility.

Outside - To the front paved car parking area with lawn either side, hedge and wall surround. Lovely views to the rear. Boiler Room & Store with Trianco oil fired boiler, gas point for Calor gas propane cylinders (which works the living room Living Flame fire) Oil tank (500 gallons). Side lawn, rear lawn and patio with power point extending around the side of the house, all with delightful views to Dinedor Hill , raised shrub floral border.

Large Double Garage - With remote control roller door, power and lighting, personal door

Services - Mains electric and water. Private drainage. Oil fired central heating.

Transport Connections - The M50 motorway is approximately 12 miles south, providing routes to South Wales and the M5 motorway. Ross on Wye approx. 12 miles, Ledbury approx. 12 miles. Gloucester/Cheltenham approx. 25/30 miles.
Hereford railway offering direct services to Newport, Cardiff, Swansea, Shrewsbury, Chester, Manchester, and Birmingham.

Local Authority - The Herefordshire Council Tax Band E

Agent Details

Character and Country, Hereford

01432 806608

Next Steps?

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