2 Bed Bungalow, Refurb/BRRR, Hereford, HR2 9SE, £380,000

Old Clehonger, Hereford, HR2 9SE - 23 days ago

Refurb/BRRR
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£95K - £300K
Sold Prices/m²£1.6K/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.6K/m²

Value Estimate

£208,048

 

 

End Value (After Refurb)

£325,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£95,000

Stamp Duty & Legal Fees

£26,700

Refurb Costs

£27,612

Bridging Loan Interest

£9,975

Total Cash In

£161,037

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£325,000

Mortgage (After Refinance)

£243,750

Mortgage LTV

75%

Cash Left In

£161,037

Equity

£81,250

Rent Range

£570 - £1,600

Rent Estimate

£920

Running Costs/mo

£1,220

Cashflow/mo

£-300

Cashflow/yr

£-3,595

Gross Yield

3%

Local Sold Prices

36 sold prices from £95K to £300K, average is £180K. £1.6K/m² to £4.2K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£300K12/220.89 mi1, Court View, Allensmore, Hereford, Herefordshire HR2 9AE2
£195K10/211.23 mi7, The Hollies, Clehonger, Hereford, Herefordshire HR2 9SP2
£163K07/211.44 mi2, Green Ash Close, Hereford, Herefordshire HR2 7UF2
£165K11/211.44 mi1, Green Ash Close, Hereford, Herefordshire HR2 7UF2
£180K06/231.51 mi30, Blackthorn Close, Belmont, Hereford, Herefordshire HR2 7XU2
£185K01/211.52 mi26, Chichester Close, Belmont, Hereford, Herefordshire HR2 7YU2
£185K06/211.52 mi58, Chichester Close, Belmont, Hereford, Herefordshire HR2 7YU2
£176K01/211.52 mi16, Chichester Close, Belmont, Hereford, Herefordshire HR2 7YU2
£195K07/231.54 mi2, Wheatridge Road, Belmont, Hereford, Herefordshire HR2 7UL2
£158.5K10/201.58 mi21, Grantham Close, Belmont, Hereford, Hereford And Worcester HR2 7ZG2
£195K05/231.58 mi26, Grantham Close, Belmont, Hereford, Herefordshire HR2 7ZG2
£192K02/211.61 mi32, Northolme Road, Belmont, Hereford, Herefordshire HR2 7SP2
£210K01/231.61 mi22, Northolme Road, Belmont, Hereford, Herefordshire HR2 7SP2
£226.5K12/221.62 mi11, Northolme Road, Belmont, Hereford, Herefordshire HR2 7SP2
£188K07/211.64 mi1, Boxgrove, Belmont, Hereford, Hereford And Worcester HR2 7YF2
£152.5K03/231.65 mi26, Brook Farm Court, Belmont, Hereford, Herefordshire HR2 7TY2
£155K06/211.65 mi33, Brook Farm Court, Belmont, Hereford, Herefordshire HR2 7TY2
£208K02/231.68 mi2, Holmfirth Close, Hereford, Herefordshire HR2 7UG2
£173K11/201.69 mi6, Amesbury Close, Belmont, Hereford, Hereford And Worcester HR2 7YJ2
£160K09/211.69 mi33, Holmfirth Close, Hereford, Hereford And Worcester HR2 7UG2
£197K11/221.72 mi30, Eastholme Avenue, Belmont, Hereford, Herefordshire HR2 7UQ2
£163.5K10/201.72 mi32, Romsey Drive, Belmont, Hereford, Herefordshire HR2 7YH2
£187.5K08/231.76 mi29, Yarlington Mill, Belmont, Hereford, Herefordshire HR2 7UB2
£162.5K01/211.76 mi26, Yarlington Mill, Belmont, Hereford, Hereford And Worcester HR2 7UB2
£130K10/211.79 mi29, Blakemore Close, Hereford, Herefordshire HR2 7HZ2
£95K04/211.79 mi27, Blakemore Close, Hereford, Herefordshire HR2 7HZ2
£157K11/211.82 mi23, Coppin Rise, Belmont, Hereford, Hereford And Worcester HR2 7UE2
£160K11/201.82 mi24, Coppin Rise, Belmont, Hereford, Hereford And Worcester HR2 7UE2
£162.5K04/211.82 mi25, Coppin Rise, Belmont, Hereford, Herefordshire HR2 7UE2
£185K12/221.86 mi30, Flaxley Drive, Hereford, Herefordshire HR2 7XQ2
£152K12/201.86 mi25, Flaxley Drive, Hereford, Herefordshire HR2 7XQ2
£185K12/221.88 mi11, Graftonbury Mews, Grafton, Hereford, Herefordshire HR2 8BN2
£185K03/231.9 mi45, Grosmont Grove, Hereford, Herefordshire HR2 7EG2
£150K02/211.91 mi25, Sydwall Road, Belmont, Hereford, Herefordshire HR2 7XJ2
£180K04/211.91 mi5, Sydwall Road, Belmont, Hereford, Herefordshire HR2 7XJ2
£187K05/231.95 mi8, Glastonbury Close, Belmont, Hereford, Herefordshire HR2 7YL2

Local Rents

33 rents from £570/mo to £1.6K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£1,60012/241.37 miDorchester Way, Hereford, HR26
£95012/241.41 miWestholme Road, Belmont, HEREFORD3
£89504/251.51 mi-2
£69504/241.51 miBlackthorn Close, Belmont, HEREFORD1
£85004/241.6 miHolm Oak Road, Belmont, HEREFORD2
£80004/251.64 mi-2
£62512/241.67 miBelmont, Hereford1
£57012/241.69 miClehonger, Hereford, HR21
£62508/231.76 mi-1
£67512/241.79 miBlakemore Close, HEREFORD2
£85008/231.79 mi-2
£86504/241.82 miCoppin Rise, Belmont, HEREFORD2
£85012/241.87 miFlaxley Drive, Hereford2
£95012/241.9 mi-3
£97510/241.9 mi-3
£97510/241.9 mi-3
£70012/241.96 mi-1
£1,05012/242.08 miNew Kilvert Road, HEREFORD3
£79512/242.16 mi-1
£79512/242.16 mi-1
£69502/252.24 mi-1
£79503/242.24 mi-1
£67511/242.24 mi-1
£99504/242.26 miEscley Drive, HEREFORD3
£1,50004/242.3 miKings Acre Road, HEREFORD4
£1,50004/242.31 miKings Acre, Hereford4
£70012/242.37 miBelmont Road, Hereford, HR21
£65101/252.38 mi-4
£80011/232.4 mi-2
£82505/242.43 mi253 Whitecross Road, Hereford, HR41
£1,50009/232.45 mi-4
£1,50008/242.47 mi-5
£1,50008/242.47 mi-5

Local Area Statistics

Population in HR2

38,935

Population in Hereford

101,068

Town centre distance

5.46 miles away

Nearest school

0.90 miles away

Nearest train station

3.49 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-47%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £380,000

March 19, 2025

Floor Plans

Description

  • Detached bungalow +
  • Spaciously designed,scope to modernise +
  • Two double bedrooms +
  • Two bathrooms and cloaks WC +
  • Private rear gardens with stunning views +
  • Driveway parking and double garage +
  • Semi-rural location +
  • 4 miles from Hereford city +

Build Date: 1989
Approximate Area: 100 sq.m / 1085 sq.ft

THE PROPERTY: A spacious detached bungalow offering excellent potential for updating and modernisation while being well-maintained. Situated on a generous plot, the property benefits from ample parking and a detached double garage. The private rear garden boasts stunning panoramic views over open fields.

The entrance hallway leads to the living room, kitchen/dining room, bedrooms, and bathroom. A conservatory, accessible from both the living room and dining area, overlooks the rear garden, enhancing the living space. The kitchen is complemented by a useful utility room, which provides access to a rear lobby and a cloakroom WC.

Both bedrooms include built-in furniture, with the main bedroom further benefiting from an en-suite shower room.

LOCATION: This property is situated on a private road off Church Road, within Old Clehonger. The home enjoys a lovely semi-rural setting that offers beautiful countryside views from the rear aspect whilst retaining a strong sense of community. The village provides a peaceful lifestyle while maintaining excellent road connections to nearby amenities in Clehonger, surrounding villages, and the Belmont area of Hereford.

Just four miles away, the historic city of Hereford sits on the banks of the River Wye, offering a wide range of shops, bars, restaurants, and essential facilities.

ACCOMMODATION: Approached from the front, in detail the property comprises:

Porch: having door into the hallway.

Hallway: having attic hatch, doors to living room, dining area, bedrooms and bathroom.

Living Room: window to front, electric fire with surround, patio doors to conservatory.

Conservatory: windows to the rear and French doors opening to the garden.

Kitchen/Dining Room: two windows to the rear, patio doors to the conservatory, the kitchen offers a range of fitted units, work surface with inset sink, 4-ring hob with built-in cooker under and extractor over, integrated fridge, door to utility.

Utility: window to rear, fitted units, work surface with inset sink, space for washing machine, airing cupboard housing hot water cylinder, door to rear lobby.

Rear Lobby: door to garden, storage space, door to toilet.

Cloakroom WC: frosted window to side, toilet, pedestal sink.

Bedroom One: window to front, fitted bedroom furniture comprising wardobes, drawers, dressing table, and overhead storage, door to en-suite.

En-Suite: frosted window to side, cubicle with electric shower, toilet, pedestal sink.

Bedroom Two: window to front, fitted bedroom furniture comprising wardobes, drawers, and dressing table.

Bathroom: frosted window to front, bath, toilet, pedestal sink, towel radiator.

Outside: To the front of the property is a lawn garden and gated tarmacadam driveway allowing for off road parking for multiple vehicles and giving access to the detached Double Garage: having two up & over doors, rear window, side door, lighting, and power. Pathways either side of the property lead to the rear garden having patio area and lawn gardens overlooking the country fields behind.

Council Tax Band: E

Services: Mains electric and water are connected to the property. There is a septic tank. There is an Economy7 night storage heating system.

Agents Notes: None of the appliances or services listed have been tested. While we strive for accuracy, please contact our office if any details are particularly important to you, especially before making a long journey to view the property. All measurements are approximate.

To View:  Applicants may inspect the property by prior arrangement with Andrew Morris Estate Agents, 1 Bridge Street, Hereford – telephone – email - who will be pleased to make the necessary arrangements.  For your convenience, our Bridge Street office is open Monday to Friday from 9.00am to 5.30pm, and Saturday 9.00am to 12.30pm.  Outside office hours please contact Andrew Morris on or . 
 
Money Laundering Regulations - To comply with Money Laundering Regulations, prospective purchasers will be asked to produce identification documentation at the time of making an offer.  We ask for your co-operation in order that there is no delay in agreeing the sale.

Agent Details

Andrew Morris Estate Agents Limited, Hereford

01432 805202

Next Steps?

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