4 Bed Detached House, Refurb/BRRR, Hereford, HR2 8BL, £399,950

Grafton Lane, Grafton, Hereford, HR2 8BL - a month ago

Refurb/BRRR
~129 m²
+19 photos

ValuationOvervalued

Sold Prices£155K - £490K
Sold Prices/m²£1.6K/m² - £7.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.1K/m²

Value Estimate

£318,592

 

 

End Value (After Refurb)

£279,700

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£99,988

Stamp Duty & Legal Fees

£28,695

Refurb Costs

£52,400

Bridging Loan Interest

£10,499

Total Cash In

£193,331

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£279,700

Mortgage (After Refinance)

£209,775

Mortgage LTV

75%

Cash Left In

£193,331

Equity

£69,925

Rent Range

£469 - £1,600

Rent Estimate

£868

Running Costs/mo

£1,068

Cashflow/mo

£-200

Cashflow/yr

£-2,396

Gross Yield

3%

Local Sold Prices

50 sold prices from £155K to £490K, average is £287K. £1.6K/m² to £7.1K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£195K08/210.53 mi120, Brampton Road, Hereford, Herefordshire HR2 7DJ4
£365K03/210.65 mi1, Merryhill Park, Belmont, Hereford, Herefordshire HR2 9SS4
£216K09/210.66 mi8, Bardolph Close, Hereford, Herefordshire HR2 7QA4
£300K01/230.67 mi24, Sycamore Avenue, Belmont, Hereford, Herefordshire HR2 7GA4
£155K02/210.82 mi71, Waterfield Road, Hereford, Herefordshire HR2 7EN4
£255K03/210.86 mi8, Yarlington Mill, Belmont, Hereford, Herefordshire HR2 7UB4
£325K05/230.88 mi2, Stoneleigh Drive, Belmont, Hereford, Herefordshire HR2 7YZ4
£350K12/210.9 mi14, Upper Field Close, Hereford, Herefordshire HR2 7SW4
£249K10/200.93 mi2, Monkscroft Drive, Belmont, Hereford, Herefordshire HR2 7XB4
£271.5K02/210.95 mi20, Kenilworth Close, Belmont, Hereford, Herefordshire HR2 7ZJ4
£325K07/230.95 mi5, Kenilworth Close, Belmont, Hereford, Herefordshire HR2 7ZJ4
£248K01/210.95 mi54, Whitefriars Road, Hereford, Herefordshire HR2 7XF4
£375K03/230.95 mi12, Rosedale Close, Belmont, Hereford, Herefordshire HR2 7ZD4
£368K04/230.95 mi8, Rosedale Close, Belmont, Hereford, Herefordshire HR2 7ZD4
£315K04/210.99 mi7, Grantham Close, Belmont, Hereford, Herefordshire HR2 7ZG4
£305K01/211 mi15, Bullingham Lane, Hereford, Herefordshire HR2 6RU4
£328.5K02/231 mi27, Woodfield Gardens, Belmont, Hereford, Herefordshire HR2 9RN4
£315K04/231 mi3, Woodfield Gardens, Belmont, Hereford, Herefordshire HR2 9RN4
£305K05/231.04 mi7, Whitefriars Road, Hereford, Herefordshire HR2 7XE4
£320K09/211.04 mi196, Ross Road, Hereford, Herefordshire HR2 7PL4
£270K01/231.05 mi54, Staddlestone Circle, Hereford, Herefordshire HR2 6SB4
£287K06/211.07 mi5, Broadholme Road, Belmont, Hereford, Herefordshire HR2 7SS4
£255K09/211.09 mi51, Waggoners Way, Hereford, Herefordshire HR2 6RJ4
£255K04/231.09 mi55, Waggoners Way, Hereford, Herefordshire HR2 6RJ4
£308K12/201.09 mi17, Waggoners Way, Hereford, Herefordshire HR2 6RJ4
£325K04/211.09 mi128, Dorchester Way, Belmont, Hereford, Herefordshire HR2 7ZP4
£268.5K12/201.1 mi3, Shellingham Way, Belmont, Hereford, Herefordshire HR2 7SN4
£232K06/211.1 mi42, Staddlestone Circle, Hereford, Herefordshire HR2 6SB4
£262K09/211.1 mi58, Staddlestone Circle, Hereford, Herefordshire HR2 6SB4
£245K07/231.1 mi35, Staddlestone Circle, Hereford, Herefordshire HR2 6SB4
£300K06/211.1 mi18, The Ploughman, Hereford, Herefordshire HR2 6GG4
£260K06/211.15 mi53, Wyedean Rise, Hereford, Herefordshire HR2 7XZ4
£347.5K10/211.15 mi3, Wyedean Rise, Hereford, Herefordshire HR2 7XZ4
£310K11/211.15 mi10, Wye Dean Rise, Hereford, Herefordshire HR2 7XZ4
£335K11/201.15 mi57, Wyedean Rise, Hereford, Herefordshire HR2 7XZ4
£250K02/211.15 mi1, Wye Dean Rise, Hereford, Herefordshire HR2 7XZ4
£270K12/201.15 mi36, Wyedean Rise, Hereford, Herefordshire HR2 7XZ4
£330K06/231.15 mi6, Wyedean Rise, Hereford, Herefordshire HR2 7XZ4
£365K02/211.15 mi79, Dorchester Way, Belmont, Hereford, Herefordshire HR2 7ZW4
£320K03/211.16 mi3, Belvoir Court, Belmont, Hereford, Herefordshire HR2 7SJ4
£425K12/201.22 mi3, Tintern Close, Belmont, Hereford, Herefordshire HR2 7US4
£490K04/231.22 mi3, Tintern Close, Belmont, Hereford, Herefordshire HR2 7US4
£200K04/231.25 mi52, Hunderton Road, Hereford, Herefordshire HR2 7AG4
£200K06/231.3 mi24, Aconbury Avenue, Hereford, Herefordshire HR2 6HR4
£178K08/211.34 mi2, Birch Grove, Hereford, Herefordshire HR2 6AS4
£190K02/231.41 mi9, Franks Avenue, Hereford, Herefordshire HR2 6HZ4
£287K03/211.45 mi140, Hinton Road, Hereford, Herefordshire HR2 6BW4
£167.5K01/211.45 mi57, Mayne Avenue, Hereford, Herefordshire HR2 6HY4
£227K03/211.46 mi77, Hinton Crescent, Hereford, Herefordshire HR2 6AE4
£280K04/211.49 mi11, Putson Avenue, Hereford, Herefordshire HR2 6DT4

Local Rents

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

RentDateDistanceAddressBeds 
£62508/230.49 mi-1
£67512/240.49 miBlakemore Close, HEREFORD2
£85008/230.49 mi-2
£95012/240.65 mi-3
£97510/240.65 mi-3
£97510/240.65 mi-3
£89504/250.74 mi-2
£95012/240.77 miWestholme Road, Belmont, HEREFORD3
£69504/240.79 miBlackthorn Close, Belmont, HEREFORD1
£85004/240.8 miHolm Oak Road, Belmont, HEREFORD2
£86504/240.87 miCoppin Rise, Belmont, HEREFORD2
£1,05012/240.92 miNew Kilvert Road, HEREFORD3
£85012/240.95 miFlaxley Drive, Hereford2
£62512/240.96 miBelmont, Hereford1
£80004/250.98 mi-2
£88512/241.04 miCider Press Drive, Hereford, HR22
£70011/241.04 mi-1
£70012/241.06 mi-1
£1,60012/241.09 miDorchester Way, Hereford, HR26
£65101/251.1 mi-4
£99504/241.12 miEscley Drive, HEREFORD3
£1,15012/241.14 miThe Hawthorns, Hereford3
£70012/241.26 miBelmont Road, Hereford, HR21
£79512/241.28 mi-1
£79512/241.28 mi-1
£65012/241.34 miHolme Lacy Road, Hereford, HR21
£1,15004/241.38 miWalton Close, HEREFORD3
£46908/241.39 mi-1
£82012/241.4 miThe Pastures, Hereford, HR22
£1,60004/241.4 miHereford, Herefordshire, HR26
£82512/241.42 miBelmont Road, Belmont, Hereford, HR22
£1,05012/241.43 miHawthorn Grove, Hereford, Herefordshire, HR2 6AU2
£62503/251.49 mi-1
£60012/241.52 miPeregrine Close, Hereford, HR21
£82504/241.55 mi-2
£79503/241.59 mi-1
£67511/241.59 mi-1
£69502/251.6 mi-1
£80011/231.79 mi-2
£1,50008/241.8 mi-5
£1,50008/241.8 mi-5
£67512/241.81 miSt James, Hereford1
£75003/251.84 mi-1
£87504/241.85 miBridge Street, HEREFORD3
£1,25004/241.86 miBridge Street, Hereford4
£84003/241.86 mi-2
£72004/241.88 miOld Mill Close, HEREFORD1
£64505/241.88 miKernal Road, Hereford1
£1,50009/231.9 mi-4
£89505/241.99 miCornewall Steet, Whitecross, Hereford, HR42
£99512/242.01 mi-3
£79504/242.01 miBewell Street, Hereford, HR42
£85002/252.02 mi-2

Local Area Statistics

Population in HR2

38,935

Population in Hereford

101,068

Town centre distance

5.70 miles away

Nearest school

0.70 miles away

Nearest train station

2.52 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-47%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £399,950

March 12, 2025

Floor Plans

Description

  • Individually designed detached property +
  • In need of updating & modernising +
  • Attached annexe with separate access +
  • Desirable location with open views +
  • Solar panels with favorable feed-in tariff +
  • Three receptions + Kitchen/dining room +
  • Four double 1st floor bedrooms +
  • Twin garages, parking & gardens +
  • No onward chain +

A wonderful opportunity to acquire this individual detached home in the desirable Grafton Lane area on the outskirts of Hereford City with far reaching open rural views.
This four bedroom property also has three reception rooms, a kitchen/dining room and an attached annexe and two garages which altogether measures a total of 2730 sqft.
The property is in need of updating and modernising throughout giving the purchaser a blank canvas with which they can make the home their own.
Set in a peaceful neighbourhood, this home offers a great chance to enjoy the tranquillity of rural living while remaining within reach of the vibrant city of Hereford. Whether you are looking to settle down or invest in a property with great potential, this house on Grafton Lane is certainly worth considering. Don't miss the chance to make this lovely home your own.

TO BOOK YOUR VIEWING PLEASE CALL 01432-266007

Introduction - The accommodation is centrally heated from an oil fired boiler, however a gas connection is available if preferred, as well as having 3kw solar panels that are also on a favourable feed-in rate. Comprising of; entrance porch/utility room, central hallway, downstairs WC, kitchen/dining room, living room, inner lobby/study area, sun room, rear lobby and passage/storage area, to the first floor are four double bedrooms and a family bathroom. The attached annexe consists of bedroom, kitchen, hallway and living room.

Property Description - The property is configured in such a way that the annexe is connected to the main house but can be shut off making it completely separate with its own entrance door.
Annexe - Heated with night storage heaters and accessed from the road via an entrance hall with door leading to the bedroom that has fitted wardrobes and cupboards and further door to the main house, from the hall it opens up into the kitchen which has space for a cooker, stainless steel sink unit and doors off. The bathroom has WC hand basin and panel bath with shower over and the living room has windows to the rear and side and a woodburner with slate base.
Main House - Entered via the entrance porch/utility room which has a tiled floor, plumbing for washing machine, sink unit and access to the passage and storage area which has a range of fitted cupboards and units. A door leads from the porch to the hallway with stairs leading up and storage cupboard under, downstairs WC, doors leading off to all rooms. The kitchen/dining room features an oil fired AGA, double sink unit, open shelving, space for table and chairs and double glazed windows to the rear and side, the living room has a feature brick fireplace, double glazed window to the side and door to the rear garden. From the hall a door leads into an inner lobby/study room which has sliding doors to the sun room that has double glazed windows to the side and rear and a sliding patio door and further door into the rear lobby from which you can access the garden or the annexe or the passage/storage area.
From the hall the stairs rise up to a half landing which accesses bedroom four and continues up to the main landing where all other rooms are accessed including; family bathroom with bath and shower over, sink and WC, bedroom one with double glazed windows to the side and rear and a range of fitted wardrobes, bedroom two with double glazed windows to the rear and side, fitted wardrobes and a sink, bedroom three has a double glazed window to the side, fitted wardrobes and a sink.

Garden & Parking - The property is approached from the road via a concrete driveway which leads to the two garages both with metal up and over doors, storage, power and light. Double metal gates give access into the garden where there is an area with outside tap and the main property entrance. A pathway leads down the side of the property to the rear where there is a lawn area and views over open countryside, the path continues to the far side of the house where there is a large patio area, all is enclosed by hedges and block wall.
The annexe is entered from the a main entrance door to the front.

Location - This property is ideal for those seeking a serene retreat while still being conveniently close to local amenities, Grafton Lane is a sought after area on the Southern side of Hereford with open rural views to the South and a great selection of footpaths, one of which gives you access directly in to Hereford City Centre via the Great Western Way to all the amenities on offer. There is easy access on to the A49 which takes you to Ross-On-Wye and the M50 motorway and also to the B4339 direct to Rotherwas Industrial Estate.

Services - Mains electric and water, Oil Fired central heating, gas runs to the front boundary of the property and there are also Solar panels
Herefordshire Council Tax Band - E The Annex at Cedar Folly - Band A
Tenure - Freehold

Broadband - The table shows the predicted broadband services in your area.
Broadband typeHighest available download speedHighest available upload speedAvailability
Standard 18 Mbps 1 Mbps Good
Superfast --Not available --Not available Unlikely
Ultrafast --Not available --Not available Unlikely
Networks in your area - Openreach

Indoor Mobile Coverage - Data last updated: December 2024, based on the latest data available to Ofcom.
ProviderVoiceData
EE LimitedLimited
Three LimitedLimited
O2 LimitedLimited
Vodafone LikelyLikely

Outdoor Mobile Coverage - Data last updated: December 2024, based on the latest data available to Ofcom.
ProviderVoiceData
EE LikelyLikely
ThreeLikelyLikely
O2 LikelyLikely
VodafoneLikelyLikely

The Money Laundering Regulations - In accordance with The Money Laundering Regulations 2007, Cobb Amos are required to carry out customer due diligence checks by identifying the customer and verifying the customer’s identity on the basis of documents, data or information obtained from a reliable and independent source. At the point of your offer being verbally accepted, you agree to paying a non-refundable fee of £20 +VAT (£24.00 inc. VAT) per purchaser in order for us to carry out our due diligence.

Agent Details

Cobb Amos, Hereford

01432 805984

Next Steps?

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