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





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£208,048 |
| |
End Value (After Refurb) | £325,000£325,000 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £95,000£95,000 |
Stamp Duty & Legal Fees | £26,700£26,700 |
Refurb Costs | £27,612£27,612 |
Bridging Loan Interest | £9,975£9,975 |
Total Cash In | £161,037£161,037 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £325,000£325,000 |
Mortgage (After Refinance) | £243,750£243,750 |
Mortgage LTV | 75%75% |
Cash Left In | £161,037£161,037 |
Equity | £81,250£81,250 |
Rent Range | £570 - £1,600£570 - £1,600 |
Rent Estimate | £920 |
Running Costs/mo | £1,220£1,220 |
Cashflow/mo | £-300£-300 |
Cashflow/yr | £-3,595£-3,595 |
Gross Yield | 3%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.
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£300K | 12/22 | 0.89 mi | 1, Court View, Allensmore, Hereford, Herefordshire HR2 9AE | - | - | 2 | Semi-Detached House | |
£195K | 10/21 | 1.23 mi | 7, The Hollies, Clehonger, Hereford, Herefordshire HR2 9SP | £3,250 | 60 | 2 | Semi-Detached House | |
£163K | 07/21 | 1.44 mi | 2, Green Ash Close, Hereford, Herefordshire HR2 7UF | - | - | 2 | Semi-Detached House | |
£165K | 11/21 | 1.44 mi | 1, Green Ash Close, Hereford, Herefordshire HR2 7UF | £3,035 | 54 | 2 | Semi-Detached House | |
£180K | 06/23 | 1.51 mi | 30, Blackthorn Close, Belmont, Hereford, Herefordshire HR2 7XU | £3,673 | 49 | 2 | Terraced House | |
£185K | 01/21 | 1.52 mi | 26, Chichester Close, Belmont, Hereford, Herefordshire HR2 7YU | £3,364 | 55 | 2 | Terraced House | |
£185K | 06/21 | 1.52 mi | 58, Chichester Close, Belmont, Hereford, Herefordshire HR2 7YU | £2,721 | 68 | 2 | Semi-Detached House | |
£176K | 01/21 | 1.52 mi | 16, Chichester Close, Belmont, Hereford, Herefordshire HR2 7YU | £3,088 | 57 | 2 | Terraced House | |
£195K | 07/23 | 1.54 mi | 2, Wheatridge Road, Belmont, Hereford, Herefordshire HR2 7UL | £2,973 | 66 | 2 | Terraced House | |
£158.5K | 10/20 | 1.58 mi | 21, Grantham Close, Belmont, Hereford, Hereford And Worcester HR2 7ZG | £4,093 | 39 | 2 | Terraced House | |
£195K | 05/23 | 1.58 mi | 26, Grantham Close, Belmont, Hereford, Herefordshire HR2 7ZG | £3,545 | 55 | 2 | Terraced House | |
£192K | 02/21 | 1.61 mi | 32, Northolme Road, Belmont, Hereford, Herefordshire HR2 7SP | £2,491 | 77 | 2 | Semi-Detached House | |
£210K | 01/23 | 1.61 mi | 22, Northolme Road, Belmont, Hereford, Herefordshire HR2 7SP | £3,818 | 55 | 2 | Semi-Detached House | |
£226.5K | 12/22 | 1.62 mi | 11, Northolme Road, Belmont, Hereford, Herefordshire HR2 7SP | £4,194 | 54 | 2 | Terraced House | |
£188K | 07/21 | 1.64 mi | 1, Boxgrove, Belmont, Hereford, Hereford And Worcester HR2 7YF | £2,775 | 68 | 2 | Semi-Detached House | |
£152.5K | 03/23 | 1.65 mi | 26, Brook Farm Court, Belmont, Hereford, Herefordshire HR2 7TY | - | - | 2 | Terraced House | |
£155K | 06/21 | 1.65 mi | 33, Brook Farm Court, Belmont, Hereford, Herefordshire HR2 7TY | £2,541 | 61 | 2 | Terraced House | |
£208K | 02/23 | 1.68 mi | 2, Holmfirth Close, Hereford, Herefordshire HR2 7UG | - | - | 2 | Terraced House | |
£173K | 11/20 | 1.69 mi | 6, Amesbury Close, Belmont, Hereford, Hereford And Worcester HR2 7YJ | £3,145 | 55 | 2 | Terraced House | |
£160K | 09/21 | 1.69 mi | 33, Holmfirth Close, Hereford, Hereford And Worcester HR2 7UG | £2,963 | 54 | 2 | Terraced House | |
£197K | 11/22 | 1.72 mi | 30, Eastholme Avenue, Belmont, Hereford, Herefordshire HR2 7UQ | £3,702 | 53 | 2 | Terraced House | |
£163.5K | 10/20 | 1.72 mi | 32, Romsey Drive, Belmont, Hereford, Herefordshire HR2 7YH | £2,973 | 55 | 2 | Terraced House | |
£187.5K | 08/23 | 1.76 mi | 29, Yarlington Mill, Belmont, Hereford, Herefordshire HR2 7UB | £3,074 | 61 | 2 | Terraced House | |
£162.5K | 01/21 | 1.76 mi | 26, Yarlington Mill, Belmont, Hereford, Hereford And Worcester HR2 7UB | £2,955 | 55 | 2 | Terraced House | |
£130K | 10/21 | 1.79 mi | 29, Blakemore Close, Hereford, Herefordshire HR2 7HZ | £2,653 | 49 | 2 | Terraced House | |
£95K | 04/21 | 1.79 mi | 27, Blakemore Close, Hereford, Herefordshire HR2 7HZ | £1,624 | 59 | 2 | Terraced House | |
£157K | 11/21 | 1.82 mi | 23, Coppin Rise, Belmont, Hereford, Hereford And Worcester HR2 7UE | £3,140 | 50 | 2 | Terraced House | |
£160K | 11/20 | 1.82 mi | 24, Coppin Rise, Belmont, Hereford, Hereford And Worcester HR2 7UE | £2,500 | 64 | 2 | Terraced House | |
£162.5K | 04/21 | 1.82 mi | 25, Coppin Rise, Belmont, Hereford, Herefordshire HR2 7UE | - | - | 2 | Terraced House | |
£185K | 12/22 | 1.86 mi | 30, Flaxley Drive, Hereford, Herefordshire HR2 7XQ | £3,364 | 55 | 2 | Terraced House | |
£152K | 12/20 | 1.86 mi | 25, Flaxley Drive, Hereford, Herefordshire HR2 7XQ | £2,764 | 55 | 2 | Terraced House | |
£185K | 12/22 | 1.88 mi | 11, Graftonbury Mews, Grafton, Hereford, Herefordshire HR2 8BN | - | - | 2 | Terraced House | |
£185K | 03/23 | 1.9 mi | 45, Grosmont Grove, Hereford, Herefordshire HR2 7EG | £3,246 | 57 | 2 | Semi-Detached House | |
£150K | 02/21 | 1.91 mi | 25, Sydwall Road, Belmont, Hereford, Herefordshire HR2 7XJ | £2,727 | 55 | 2 | Terraced House | |
£180K | 04/21 | 1.91 mi | 5, Sydwall Road, Belmont, Hereford, Herefordshire HR2 7XJ | £3,333 | 54 | 2 | Semi-Detached House | |
£187K | 05/23 | 1.95 mi | 8, Glastonbury Close, Belmont, Hereford, Herefordshire HR2 7YL | £2,850 | 66 | 2 | Terraced House |
Local Rents
33 rents from £570/mo to £1.6K/mo, average is £850/mo.
Rent | Date | Distance | Address | Beds | Type | |
£1,600 | 12/24 | 1.37 mi | Dorchester Way, Hereford, HR2 | 6 | Detached House | |
£950 | 12/24 | 1.41 mi | Westholme Road, Belmont, HEREFORD | 3 | Terraced House | |
£895 | 04/25 | 1.51 mi | - | 2 | Terraced House | |
£695 | 04/24 | 1.51 mi | Blackthorn Close, Belmont, HEREFORD | 1 | House | |
£850 | 04/24 | 1.6 mi | Holm Oak Road, Belmont, HEREFORD | 2 | House | |
£800 | 04/25 | 1.64 mi | - | 2 | Terraced House | |
£625 | 12/24 | 1.67 mi | Belmont, Hereford | 1 | Flat | |
£570 | 12/24 | 1.69 mi | Clehonger, Hereford, HR2 | 1 | Flat | |
£625 | 08/23 | 1.76 mi | - | 1 | Flat | |
£675 | 12/24 | 1.79 mi | Blakemore Close, HEREFORD | 2 | Flat | |
£850 | 08/23 | 1.79 mi | - | 2 | Terraced House | |
£865 | 04/24 | 1.82 mi | Coppin Rise, Belmont, HEREFORD | 2 | House | |
£850 | 12/24 | 1.87 mi | Flaxley Drive, Hereford | 2 | Terraced House | |
£950 | 12/24 | 1.9 mi | - | 3 | Terraced House | |
£975 | 10/24 | 1.9 mi | - | 3 | Terraced House | |
£975 | 10/24 | 1.9 mi | - | 3 | Terraced House | |
£700 | 12/24 | 1.96 mi | - | 1 | Flat | |
£1,050 | 12/24 | 2.08 mi | New Kilvert Road, HEREFORD | 3 | Semi-Detached House | |
£795 | 12/24 | 2.16 mi | - | 1 | Semi-Detached House | |
£795 | 12/24 | 2.16 mi | - | 1 | Semi-Detached House | |
£695 | 02/25 | 2.24 mi | - | 1 | Flat | |
£795 | 03/24 | 2.24 mi | - | 1 | Flat | |
£675 | 11/24 | 2.24 mi | - | 1 | Flat | |
£995 | 04/24 | 2.26 mi | Escley Drive, HEREFORD | 3 | Semi-Detached House | |
£1,500 | 04/24 | 2.3 mi | Kings Acre Road, HEREFORD | 4 | Terraced House | |
£1,500 | 04/24 | 2.31 mi | Kings Acre, Hereford | 4 | Detached House | |
£700 | 12/24 | 2.37 mi | Belmont Road, Hereford, HR2 | 1 | Flat | |
£651 | 01/25 | 2.38 mi | - | 4 | Flat | |
£800 | 11/23 | 2.4 mi | - | 2 | Terraced House | |
£825 | 05/24 | 2.43 mi | 253 Whitecross Road, Hereford, HR4 | 1 | Flat | |
£1,500 | 09/23 | 2.45 mi | - | 4 | Detached House | |
£1,500 | 08/24 | 2.47 mi | - | 5 | Semi-Detached House | |
£1,500 | 08/24 | 2.47 mi | - | 5 | Semi-Detached House |
Local Area Statistics
Population in HR2 | 38,93538,935 |
Population in Hereford | 101,068101,068 |
Town centre distance | 5.46 miles away5.46 miles away |
Nearest school | 0.90 miles away0.90 miles away |
Nearest train station | 3.49 miles away3.49 miles away |
| |
Rental demand | Balanced marketBalanced market |
Rental growth (12m) | -47%-47% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +31%+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.