3 Bed Terraced House, Single Let, Hereford, HR2 6HZ, £185,000

Franks Avenue, Hereford, HR2 6HZ - 2 views - 11 days ago

BTL
ROI: 4%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£150K - £315K
Sold Prices/m²£1.8K/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£222,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£11,650

Total Cash In

£57,900

 

 

Cash Out

 

Rent Range

£875 - £1,350

Rent Estimate

£963

Running Costs/mo

£791

Cashflow/mo

£172

Cashflow/yr

£2,067

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £150K to £315K, average is £215K. £1.8K/m² to £3.3K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£163K07/210.05 mi16, Mayne Avenue, Hereford, Herefordshire HR2 6HY3
£167.5K09/210.05 mi13, Franks Avenue, Hereford, Herefordshire HR2 6HZ3
£255K06/210.1 mi43, Manor Road, Hereford, Hereford And Worcester HR2 6HN3
£198.5K12/200.1 mi1, Manor Road, Hereford, Herefordshire HR2 6HN3
£220K10/210.11 mi127, Holme Lacy Road, Hereford, Herefordshire HR2 6DG3
£238K09/210.13 mi22, The Dales, Lower Bullingham, Hereford, Herefordshire HR2 6DS3
£195K03/210.13 mi21, The Dales, Lower Bullingham, Hereford, Hereford And Worcester HR2 6DS3
£177.5K02/230.13 mi39, Ridgeway Avenue, Hereford, Herefordshire HR2 6HW3
£185K06/230.14 mi22, Ridgeway Avenue, Hereford, Herefordshire HR2 6HW3
£262.5K03/210.14 mi33, St Clares Court, Lower Bullingham, Hereford, Hereford And Worcester HR2 6PY3
£225K01/230.15 mi40, St Clares Court, Lower Bullingham, Hereford, Herefordshire HR2 6PY3
£315K01/230.22 mi103, Holme Lacy Road, Hereford, Herefordshire HR2 6DF3
£204K12/200.24 mi142, Hinton Road, Hereford, Herefordshire HR2 6BW3
£300K12/220.25 mi25, Hever Road, Lower Bullingham, Hereford, Herefordshire HR2 6EW3
£210K07/230.26 mi54, Holme Lacy Road, Hereford, Herefordshire HR2 6DA3
£220K06/210.26 mi41, Poppy Walk, Hereford, Herefordshire HR2 6SP3
£218K02/210.27 mi13, Peregrine Close, Hereford, Herefordshire HR2 6BS3
£212K12/200.27 mi16, Peregrine Close, Hereford, Herefordshire HR2 6BS3
£227K11/210.27 mi49, Warwick Road, Lower Bullingham, Hereford, Herefordshire HR2 6FB3
£215K04/210.28 mi12, Walton Close, Hereford, Hereford And Worcester HR2 6BJ3
£207.5K01/210.28 mi7, Walton Close, Hereford, Hereford And Worcester HR2 6BJ3
£195K07/210.29 mi1, Acacia Close, Hereford, Herefordshire HR2 6BP3
£245K04/230.33 mi2, Stable Drive, Hereford, Herefordshire HR2 6SH3
£243K02/230.34 mi98, Hinton Road, Hereford, Herefordshire HR2 6BN3
£186K02/210.35 mi11, Bluebell Walk, Hereford, Herefordshire HR2 6GP3
£186K02/210.35 mi18, Hoarwithy Road, Hereford, Herefordshire HR2 6HA3
£220K07/210.36 mi8, St Vincents Close, Lower Bullingham, Hereford, Herefordshire HR2 6EL3
£212K06/210.36 mi6, Granary Grove, Hereford, Herefordshire HR2 6RZ3
£223K12/200.38 mi11, The Willows, Lower Bullingham, Hereford, Hereford And Worcester HR2 6DP3
£226K02/210.38 mi10, The Willows, Lower Bullingham, Hereford, Hereford And Worcester HR2 6DP3
£297.5K11/220.38 mi11, The Willows, Lower Bullingham, Hereford, Herefordshire HR2 6DP3
£220K07/210.39 mi4, Willow Grove, Hereford, Herefordshire HR2 6BB3
£160K05/210.4 mi32, Chestnut Drive, Hereford, Herefordshire HR2 6AY3
£174K02/210.41 mi116, Hinton Road, Hereford, Hereford And Worcester HR2 6BN3
£160K12/200.41 mi112, Hinton Road, Hereford, Herefordshire HR2 6BN3
£240K07/210.41 mi112, Hinton Road, Hereford, Herefordshire HR2 6BN3
£211K03/210.41 mi109, Hinton Road, Hereford, Herefordshire HR2 6BN3
£215K04/230.42 mi109, Hinton Road, Hereford, Herefordshire HR2 6BN3
£215K12/200.42 mi1, Campbell Close, Hereford, Herefordshire HR2 6GH3
£190K03/230.43 mi37, Withybrook Close, Hereford, Herefordshire HR2 6RD3
£225K03/230.45 mi1, Redbrook Close, Hereford, Herefordshire HR2 6RB3
£245K07/230.45 mi11, Dinedor Avenue, Hereford, Herefordshire HR2 6DW3
£208.5K04/210.46 mi6, Goodwin Way, Hereford, Hereford And Worcester HR2 6RA3
£197.5K12/200.46 mi1, Clover Piece Walk, Hereford, Herefordshire HR2 7SZ3
£239.9K06/230.46 mi6, Clover Piece Walk, Hereford, Herefordshire HR2 7SZ3
£152K10/200.47 mi11, Hawthorn Grove, Hereford, Herefordshire HR2 6AU3
£150K01/210.47 mi22, Hawthorn Grove, Hereford, Herefordshire HR2 6AU3
£215K03/210.49 mi17, Garrick Avenue, Hereford, Herefordshire HR2 7RU3
£190K04/210.49 mi4, Web Tree Avenue, Hereford, Herefordshire HR2 6HG3
£218K10/200.49 mi5, Kemble Close, Hereford, Herefordshire HR2 7SB3

Local Rents

14 rents from £875/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15012/240.27 miThe Hawthorns, Hereford3
£1,15004/240.28 miWalton Close, HEREFORD3
£99504/240.89 miEscley Drive, HEREFORD3
£1,30012/240.9 mi-3
£1,30012/240.9 mi-3
£1,35011/240.9 mi-3
£99512/240.91 mi-3
£1,20012/240.93 miSt. Owen Street, Hereford3
£1,05012/240.98 miNew Kilvert Road, HEREFORD3
£1,10012/241.06 mi-3
£87504/241.07 miBridge Street, HEREFORD3
£95012/241.11 mi-3
£97510/241.11 mi-3
£97510/241.11 mi-3

Local Area Statistics

Population in HR2

38,935

Population in Hereford

101,068

Town centre distance

5.20 miles away

Nearest school

0.70 miles away

Nearest train station

1.50 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-47%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £185,000

April 1, 2025

Floor Plans

Description

'Situated to the south of Hereford City in a well established residential location a well presented end of terrace home with electric heating, double glazing, enclosed rear garden and two allocated parking space'
LOCATION
The property is located to the south of Hereford City in the well established Putson district. In the area are a range of amenities including Co-Operative, Tesco Express, post office, chip shop, public house and Hereford as a whole offers a wide range of shopping, leisure and recreational facilities together with educational establishments and both bus and railway stations.
DESCRIPTION
The subject property is a well presented three bedroom end of terrace home with the added benefit of double glazing, electric heating, enclosed rear garden and two allocation parking spaces. The property comprises entrance hall, cloakroom, sitting room, kitchen/dining room, first floor landing with access to three bedrooms and bathroom. In more detail the accommodation comprises:
ON THE GROUND FLOOR:

Entrance Hall
A glazed panelled entrance door leading to the entrance hall with wall mounted electric heater, stairs to the first floor, smoke alarm, door to the kitchen and sitting room.
Sitting Room 3.61m (11'10) x 3.48m (11'5)
With front aspect double glazed window, laminated flooring and access to the dining area.
Dining Area 3.48m (11'5) x 2.9m (9'6)
With rear aspect double glazed window, laminated flooring, double glazed door to the garden and access to the kitchen.
Kitchen 2.97m (9'9) x 2.9m (9'6)
With rear aspect double glazed window. A range of units comprising a stainless sink drainer unit with work surfaces, tiled splash backs, base units under with matching wall units, integrated electric oven and hob with cooker hood over, plumbing and space for washing machine, space for tumble dryer and laminate flooring.
Cloakroom
With front aspect double glazed window with low flush wc, wash hand basin, storage cupboard and vinyl flooring.
ON THE FIRST FLOOR:

Landing
With night storage heater, airing cupboard housing the hot water tank, doors to bedrooms and bathroom.
Bedroom 1 3.53m (11'7) x 3.51m (11'6)
With rear aspect double glazed window, built-in double wardrobe and wall mounted electric heater.
Bedroom 2 3.51m (11'6) x 3m (9'10)
With front aspect double glazed window, built-in double wardrobe and wall mounted electric heater.
Bedroom 3 2.92m (9'7) x 2.87m (9'5)
With rear aspect double glazed window, built-in wardrobe, access hatch to loft space and night storage heater.
Bathroom
With front aspect double glazed window with suite comprising panel enclosed bath with electric shower over, pedestal mounted wash hand basin, low flush wc, partially tiled wall surround and tiled flooring.
OUTSIDE:
To the front of the property is a lawn area with path leading to the front door.

To the immediate rear of the property is a patio giving access to the main garden which is laid to lawn. There are various shrub borders and the garden also has the added benefit of a brick storage shed. The garden is enclosed by fencing and walling to provide a degree of privacy with a useful rear access gate. There are two allocated parking spaces.
COUNCIL TAX BAND B
Payable to Herefordshire Council
BROADBAND & MOBILE PHONE COVERAGE
Broadband - Ultrafast available.

Mobile Phone Coverage - Please use to verify mobile coverage of different networks at this address.
Agents Note
The construction is Reema concrete. For further information please contact Watkins Thomas.
SERVICES
It is understood that mains electricity, water and drainage services are connected to the property. Confirmation in respect of mains service supplies should be obtained by the prospective purchaser. None of the electrical goods or other fittings has been tested and they are sold without warranty or undertaking that they are installed to current standards.
VIEWING
Strictly by appointment through the agents, telephone Hereford .
DIRECTIONAL NOTE
Proceed out of Hereford along the Ross Road and on reaching the traffic lights at St Martins Church turn left onto Holme Lacy Road. Continue along Holme Lacy Road to the roundabout and take the second exit continuing along Holme Lacy Road. Take the next turning right into Winston Road and first left into Manor Road. Continue to the T-junction and turn right into Franks Avenue where the property is located on the left hand side.
1st April 2025
ID40357
Disclaimer
Watkins Thomas Ltd. Registered in Cardiff, No: 8037310. These particulars are used on the strict understanding that all negotiations are conducted through WATKINS THOMAS LTD. MISREPRESENTATION ACT - 1967 WATKINS THOMAS LTD, for itself and for the Vendors of this property whose agent it is give notice that: 1. These particulars do not constitute, nor constitute any part of an offer or contract. 2. All statements contained in these particulars as to this property are made without responsibility on the part of WATKINS THOMAS LTD or the Vendor. 3. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. 4. Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 5. The Vendor does not make or give, and neither WATKINS THOMAS LTD nor any person in its employment has authority to make or give any representation or warranty whatsoever in relation to this property.

Agent Details

Watkins Thomas, Hereford

01432 272280

Next Steps?

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