3 Bed Semi-Detached House, Refurb/BRRR, Leominster, HR6 8RE, £220,000

112 The Meadows, Leominster, HR6 8RE - 2 views - a month ago

Refurb/BRRR
ROI: 1%
77 m²
+13 photos

ValuationOvervalued

Sold Prices£132K - £365K
Sold Prices/m²£1.4K/m² - £4K/m²

 

 

Square Metres

77 m²
Price/m²£2.9K/m²

Value Estimate

£178,500

 

 

End Value (After Refurb)

£187,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Refurb Costs

£31,097

Bridging Loan Interest

£5,775

Total Cash In

£105,822

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£187,750

Mortgage (After Refinance)

£140,813

Mortgage LTV

75%

Cash Left In

£105,822

Equity

£46,938

Rent Range

£375 - £2,500

Rent Estimate

£821

Running Costs/mo

£771

Cashflow/mo

£50

Cashflow/yr

£601

ROI

1%

Gross Yield

4%

Local Sold Prices

50 sold prices from £132K to £365K, average is £217.5K. £1.4K/m² to £4K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£230K10/220.02 mi100, The Meadows, Leominster, Herefordshire HR6 8RE3
£281.5K09/220.05 mi16, Mappenors Lane, Leominster, Herefordshire HR6 8TG3
£240K11/200.09 mi21, The Rugg, Leominster, Herefordshire HR6 8TE3
£250K10/210.09 mi5a, Perseverance Road, Leominster, Hereford And Worcester HR6 8QR3
£215K12/200.1 miBryn Awel, Green Lane, Leominster, Herefordshire HR6 8QN3
£265K06/210.16 mi2, Radnor View, Leominster, Herefordshire HR6 8TF3
£182.5K02/210.18 mi16, Green Lane, Leominster, Herefordshire HR6 8QJ3
£197K03/230.18 mi5, Green Lane, Leominster, Herefordshire HR6 8QJ3
£295K07/230.19 mi3, Cranes Lane, Leominster, Herefordshire HR6 8DH3
£135K06/210.2 mi43, Bargates, Leominster, Herefordshire HR6 8EY3
£175K04/230.2 mi66, Bargates, Leominster, Herefordshire HR6 8EY3
£152.5K11/210.22 mi26, Kenwater Close, Leominster, Herefordshire HR6 8DL3
£255K11/210.24 mi50, Osborne Place, Leominster, Herefordshire HR6 8BW3
£220K11/200.24 mi110, Bargates, Leominster, Herefordshire HR6 8QU3
£187K12/220.24 mi14, Westcroft, Leominster, Herefordshire HR6 8HF3
£257.5K04/210.24 mi31, Westcroft, Leominster, Herefordshire HR6 8HF3
£205K11/210.27 mi42, Vicarage Street, Leominster, Herefordshire HR6 8DS3
£222.5K11/200.29 mi7, Millers Close, Leominster, Herefordshire HR6 8BP3
£195K05/210.29 mi55, Pump Piece, Leominster, Herefordshire HR6 8HR3
£244K11/220.29 mi25, Sandpits, Leominster, Herefordshire HR6 8HT3
£159.5K06/210.3 mi33, Broad Street, Leominster, Hereford And Worcester HR6 8DD3
£160K05/210.31 mi11, Sunningdale, Leominster, Herefordshire HR6 8EH3
£182K09/210.31 mi4, Sunningdale, Leominster, Hereford And Worcester HR6 8EH3
£200K04/230.33 mi11a, Ryelands Road, Leominster, Herefordshire HR6 8PA3
£312K09/210.33 mi11, Newlands Road, Leominster, Herefordshire HR6 8HN3
£197.5K03/210.34 mi66, Westcroft, Leominster, Hereford And Worcester HR6 8HG3
£250K12/200.34 mi63, Westcroft, Leominster, Herefordshire HR6 8HG3
£210K08/220.35 mi91, Bridge Street, Leominster, Herefordshire HR6 8EA3
£242K07/210.36 mi2, Wynyard Close, Leominster, Herefordshire HR6 8HH3
£165K10/200.37 mi9, Holland Road, Leominster, Herefordshire HR6 8PF3
£270K10/220.37 mi59, Newlands Road, Leominster, Herefordshire HR6 8HL3
£183K12/220.37 mi11, Newmans Close, Leominster, Herefordshire HR6 8PT3
£215K05/230.37 mi9, Newmans Close, Leominster, Herefordshire HR6 8PT3
£179K04/210.39 mi259, The Mallards, Leominster, Herefordshire HR6 8UJ3
£132K07/210.39 mi23, Ridgemoor Road, Leominster, Herefordshire HR6 8EJ3
£194K10/220.4 mi9, Westcroft, Leominster, Herefordshire HR6 8HF3
£262K06/210.41 mi41, Buckfield Road, Leominster, Herefordshire HR6 8SF3
£230K01/230.41 mi19, Porters Mill Close, Leominster, Herefordshire HR6 8BL3
£142K11/200.41 mi6, Hope Cottages, Aldermans Meadow, Leominster, Hereford And Worcester HR6 8LB3
£365K02/230.42 miDanetree, Newlands Drive, Leominster, Herefordshire HR6 8PR3
£165K02/210.43 mi210, Ridgemoor Road, Leominster, Hereford And Worcester HR6 8UN3
£170K04/230.43 mi6, Mortimer Street, Leominster, Herefordshire HR6 8PH3
£235K11/220.43 mi84, Westcroft, Leominster, Herefordshire HR6 8HQ3
£225K12/220.44 mi13, Mortimer Street, Leominster, Herefordshire HR6 8PG3
£238K09/210.45 mi92, Westcroft, Leominster, Herefordshire HR6 8HQ3
£190K04/210.45 mi78, Westcroft, Leominster, Herefordshire HR6 8HQ3
£299.5K10/200.45 miMelford, Newlands Drive, Leominster, Herefordshire HR6 8PR3
£220K10/200.45 miConway, Newlands Drive, Leominster, Herefordshire HR6 8PR3
£307.5K12/220.49 mi138, Buckfield Road, Leominster, Herefordshire HR6 8SQ3
£222K12/200.5 mi51, Etnam Street, Leominster, Hereford And Worcester HR6 8AE3

Local Rents

32 rents from £375/mo to £2.5K/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£1,25006/240.08 miGreen Lane, Leominster3
£1,10008/230.2 mi-3
£1,10007/230.26 mi-3
£60011/230.28 mi-1
£65004/240.28 mi-2
£67503/240.28 mi-2
£49506/230.3 mi-1
£80008/240.31 mi-2
£85002/240.32 mi-2
£99505/240.32 miBurgess Street, Leominster3
£47507/230.34 mi-1
£52507/230.35 mi-1
£60005/240.36 miChurch Street, Leominster2
£75005/240.38 miSouth Street, Leominster, HR62
£52506/240.39 mi21, High Street, Leominster2
£62511/240.4 mi-1
£37506/230.44 mi-1
£52503/240.49 mi-1
£47504/240.49 mi-1
£55004/250.5 mi-1
£47502/240.5 mi-1
£1,30011/240.6 mi-3
£1,25004/240.61 miNorth Road, Leominster3
£75004/240.65 miCaswell Road, Leominster3
£1,30004/240.68 mi-4
£70004/240.76 miBlanchard Close, Leominster2
£62502/240.93 mi-1
£62502/240.93 mi-1
£85004/241.32 miStoke Prior Lane, Leominster2
£2,50003/242.03 miGoldings, Old Hop Yard, Brierley, HR6 0RN3
£80005/242.13 miKimbolton, Leominster3
£67504/242.48 miWestland View, Luston, Leominster2

Local Area Statistics

Population in HR6

20,507

Population in Leominster

20,525

Town centre distance

0.22 miles away

Nearest school

0.30 miles away

Nearest train station

0.77 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Buyer's market

Capital growth (5yrs)

+36%

Property History

Listed for £220,000

March 21, 2025

Floor Plans

Description

  • SEMI-DETACHED FAMILY HOME +
  • THREE BEDROOMS, ONE BATHROOM +
  • COUNTRYSIDE VIEWS +
  • GARAGE & OFF ROAD PARKING +
  • FRONT & REAR GARDEN +
  • IN NEED OF RENOVATING +
  • CHAIN FREE +

A semi-detached, three bedroom house, which offers ample living accommodation and creates an ideal family home. The property is situated in a highly sought after residential area of Leominster and boasts front and rear garden, garage and parking. Viewing is highly recommended to appreciate the property and all it has to offer. The property is offered for sale WITH NO ONWARD CHAIN

Introduction - Situated within a mature residential area within the market town of Leominster is this good sized family home with views of the countryside beyond. The property has accommodation comprising; entrance hall, living room with dining area, kitchen, rear porch/utility space with toilet, garage, three bedrooms and a family bathroom. There is a front and rear garden, driveway parking, gas heating and double glazing. A fabulous family home in need of updating.

Property Description - The front door opens into a light and airy entrance hallway where there is space for shoes and coats and the staircase to the first floor. To the right, a door opens into the spacious living room which has a large bay window at the front enjoying wonderful views of the countryside beyond and an electric fire. There is room for a table and chairs at the far end of this area with windows onto the back garden allowing the room to flood with natural light. The kitchen has a plentiful selection of wall and base units, a stainless steel sink and ample work surface; it would benefit from some updating. There is a separate utility room with plumbing for a washing machine and tumble dryer and access to the back garden, a handy WC and entry into the garage that has space for a car as well as a workshop or gym. There is light and power in the garage so additional white goods can be housed here. The staircase rises to the first floor landing. Bedroom one is a good double with a window to the rear and space for wardrobes and chest of drawers. Bedroom two is a double with a window to the front that enjoys the terrific views that this town based property affords. Bedroom three is a single and has a window to the rear. The family bathroom is fitted with a WC, basin, bath with shower over and could benefit from some updating.

Garden & Parking - The front garden is laid mainly to lawn with the drive to the side. This provides space for two vehicles and access to the garage. The rear garden is mainly laid to lawn with patio areas for outdoor dining, a handy garden shed and back access gate.

Services - Gas central heating
Herefordshire Council Tax Band C
All mains services are connected to the property.
Tenure: Freehold

Broadband - Broadband type Highest available download speed Highest available upload speed Availability
Standard 17 Mbps 1 Mbps Good
Superfast 80 Mbps 20 Mbps Good
Ultrafast 1000 Mbps 1000 Mbps Good

Networks in your area - Openreach, Full Fibre
Source: Ofcom Mobile Checker

Mobile Coverage Outdoor - Provider Voice Data
EE Likely Likely
Three Likely Likely
O2 Likely Likely
Vodafone Likely Likely

5G is predicted to be available around your location from the following provider(s): EE, Three. Please note that this predicted 5G coverage is for outdoors only.
Source: Ofcom Mobile Checker

Mobile Coverage Indoor - Provider Voice Data
EE Limited Limited
Three Limited Limited
O2 Likely Limited
Vodafone Limited Limited

5G is predicted to be available around your location from the following provider(s): EE, Three. Please note that this predicted 5G coverage is for outdoors only.
Source: Ofcom Mobile Checker

Location - The property is situated in a popular mature residential area within walking distance from the centre of Leominster. This is a popular market town and boasts a wealth of local shops, a weekly open air market, national supermarkets and a host of recreational facilities. Transport facilities are ample with good road links to larger towns and regular bus and train routes. Hereford City is located approximately 14 miles away and offers extensive entertainment and leisure facilities and a wide range of national and chain stores.

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Agent's Notes - 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 £24 per purchaser in order for us to carry out our due diligence.

Agent Details

Cobb Amos, Leominster

01568 605225

Next Steps?

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