3 Bed Bungalow, Refurb/BRRR, Hereford, HR2 0RY, £280,000

Peterchurch, Hereford, HR2 0RY - 13 days ago

Refurb/BRRR
Planning
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£145K - £415K
Sold Prices/m²£1.9K/m² - £6.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£254,434

 

 

End Value (After Refurb)

£287,944

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£19,200

Refurb Costs

£37,702

Bridging Loan Interest

£7,350

Total Cash In

£136,002

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£287,944

Mortgage (After Refinance)

£215,958

Mortgage LTV

75%

Cash Released

£5,958

Cash Left In

£130,044

Equity

£71,986

Rent Range

No enough data locally

Rent Estimate

~£400

Running Costs/mo

£1,000

Cashflow/mo

£-600

Cashflow/yr

£-7,198

Gross Yield

2%

Local Sold Prices

11 sold prices from £145K to £415K, average is £225K. £1.9K/m² to £6.2K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£312.5K11/200.07 mi6, Palace Orchard Road, Peterchurch, Hereford, Herefordshire HR2 0SB3
£156.5K08/210.46 mi16, Closure Place, Peterchurch, Hereford, Herefordshire HR2 0RS3
£162K04/210.62 mi66, Crossways, Peterchurch, Hereford, Herefordshire HR2 0TQ3
£158.5K06/210.63 mi92, Crossways, Peterchurch, Hereford, Herefordshire HR2 0TQ3
£145K03/230.63 mi41, Crossways, Peterchurch, Hereford, Herefordshire HR2 0TQ3
£260K04/230.67 mi17, Wellbrookside, Peterchurch, Hereford, Herefordshire HR2 0SR3
£220K02/210.67 mi17, Wellbrookside, Peterchurch, Hereford, Herefordshire HR2 0SR3
£375K07/222.52 mi1, Dore View, Dorstone, Hereford, Herefordshire HR3 6AJ3
£385K11/222.58 mi11, Dore View, Dorstone, Hereford, Herefordshire HR3 6AJ3
£415K02/232.58 mi10, Dore View, Dorstone, Hereford, Herefordshire HR3 6AJ3
£225K08/212.97 mi8, Ploughfields, Preston On Wye, Hereford, Herefordshire HR2 9LL3

Local Rents

Not enough data

Local Area Statistics

Population in HR2

38,935

Population in Hereford

101,068

Town centre distance

10.20 miles away

Nearest school

0.40 miles away

Nearest train station

10.75 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-47%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £280,000

March 29, 2025

Floor Plans

Description

  • Detached bungalow +
  • Three double bedrooms +
  • Spacious accommodation +
  • Requires updating and modernisation +
  • Well-proportioned gardens +
  • Driveway parking and garage +
  • Edge of rural village location +
  • 11 miles from Hereford. 10 miles from Hay-on-Wye. +

Build Date: TBC
Approximate Area: 123 sq.m / 1327 sq.ft

THE PROPERTY: This detached bungalow offers generously proportioned accommodation throughout and presents an excellent opportunity for a full schedule of updating and modernisation work - a fantastic blank canvas with great potential.

Inside, the spacious living/dining room enjoys natural light from a front-facing window and patio doors that open onto the rear garden. The kitchen leads through to a conservatory, adding further living space. There are three well-proportioned bedrooms, each large enough to accommodate a double bed and additional furniture, along with a shower room and a cloakroom WC.

Additionally, the bungalow features a loft area, and ample space to extend, subject to the necessary planning permissions. Externally, the property benefits from driveway parking leading to a detached garage, with attractive gardens to both the front and rear.

LOCATION: Situated on the edge of the rural village of Peterchurch in south-west Herefordshire, this property enjoys a peaceful setting with pleasant views from both the front and rear aspects.

Peterchurch is a popular village in the stunning Golden Valley, offering a range of essential amenities, including the highly regarded Fairfield High School (rated 'Outstanding' by Ofsted), a local primary school, a doctor's surgery, and a village hall. Residents also benefit from a convenience store and post office, a bistro, two welcoming pubs, a hairdresser, and a children's play area. The village provides easy access to The Black Mountains and other areas of outstanding natural beauty, while being conveniently located approximately 11 miles from the Cathedral city of Hereford and 10 miles from the renowned book town of Hay-on-Wye.

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

Porch: having door leading to the hallway.

Hallway: window to front, 2 store cupboard and an airing cupboard, doors to living/dining room, kitchen, bedrooms, shower room and cloaks WC.

Living/Dining Room: an L-shape room with window to front and patio doors to the garden, built-in cabinets.

Kitchen: window, fitted units, work surface, inset sink, space for appliances, door to conservatory.

Conservatory: fully double-glazed with French doors to the rear garden, plumbing for washing machine and space for additional appliances.

Bedroom One: window to front, built-in wardrobes.

Bedroom Two: dual aspect windows to rear and side, built-in wardrobe and cabinets.

Bedroom Three: window to side, built-in storage.

Shower Room: frosted window to rear, cubicle with electric shower, toilet, pedestal sink, towel radiator.

Cloakroom WC: frosted window, toilet, sink.

Outside: To the front of the property is a lawn garden with a flower bed and shrub border. There is a tarmacadum driveway which leads to the Garage. Gated pathways wither side of the property lead to the rear garden having patio seating and lawn. There is also a timber shed, store outhouse and boiler cupboard.

Council Tax Band: E

Services: TBC. There is an oil fired central 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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