3 Bed Flat, Single Let, Hereford, HR1 2EW, £150,000

Kyrle Street, Hereford, Herefordshire, HR1 2EW - 6 months ago

Leasehold

Auction

BTL

ROI: 8%

~145 m²

+8 photos

ValuationUndervalued

Sold Prices	£155K - £399.9K
Sold Prices/m²	£1.6K/m² - £2.9K/m²

Square Metres	~145.10 m²
Price/m²	£1K/m²
Value Estimate	£183,000£183,000
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£37,500£37,500
Stamp Duty & Legal Fees	£8,700£8,700
Total Cash In	£46,200£46,200

Cash Out
Rent Range	£875 - £1,350£875 - £1,350
Rent Estimate	£975
Running Costs/mo	£684£684
Cashflow/mo	£291£291
Cashflow/yr	£3,495£3,495
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

7 sold prices from £155K to £399.9K, average is £189.9K. £1.6K/m² to £2.9K/m², average is £2.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£185K	12/22	0.46 mi	12, Bryngwyn Close, Hereford, Herefordshire HR1 1EW	£2,079	89	3	Flat
£202.5K	02/22	0.5 mi	33, St Martins Street, Hereford, Herefordshire HR2 7RD	£1,646	123	3	Flat
£189.9K	11/20	0.57 mi	3, Brookside, Hereford, Herefordshire HR1 2RN	£2,404	79	3	Flat
£375K	06/21	0.79 mi	18a, Folly Lane, Hereford, Herefordshire HR1 1LY	£2,721	138	3	Flat
£399.9K	10/22	0.79 mi	18a, Folly Lane, Hereford, Herefordshire HR1 1LY	£2,902	138	3	Flat
£167K	02/22	1.26 mi	8, Waggoners Way, Hereford, Herefordshire HR2 6RJ	£2,505	67	3	Flat
£155K	11/21	1.34 mi	9, Howard Court, Hereford, Herefordshire HR4 0NP	£1,685	92	3	Flat

Local Rents

16 rents from £875/mo to £1.4K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	12/24	0.32 mi	St. Owen Street, Hereford	3	House
£995	12/24	0.33 mi	-	3	Terraced House
£875	04/24	0.38 mi	Bridge Street, HEREFORD	3	Flat
£1,300	12/24	0.4 mi	-	3	Semi-Detached House
£1,100	12/24	0.43 mi	-	3	Semi-Detached House
£1,100	07/24	0.47 mi	-	3	Terraced House
£995	05/24	0.74 mi	Mortimer Road, Hereford	3	Semi-Detached House
£995	12/24	0.75 mi	Whittern Way, HEREFORD	3	House
£995	02/24	0.81 mi	-	3	Flat
£975	12/24	0.92 mi	-	3	Terraced House
£975	08/24	0.92 mi	-	3	Terraced House
£1,300	12/24	0.95 mi	-	3	Detached House
£1,300	12/24	0.95 mi	-	3	Detached House
£1,350	12/24	0.95 mi	-	3	Detached House
£1,150	04/24	0.99 mi	Walton Close, HEREFORD	3	House
£995	04/24	1.1 mi	Escley Drive, HEREFORD	3	Semi-Detached House

Local Area Statistics

Population in HR1	32,14532,145
Population in Hereford	101,068101,068
Town centre distance	4 miles away4 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.33 miles away0.33 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+8%+8%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+33%+33%

Property History

Price changed to £150,000

December 4, 2024

Listed for £160,000

October 1, 2024

Floor Plans

Description

Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
Penthouse apartment +
Character features throughout +
Open plan reception room +
1500 sq ft +
Views over Hereford city +

An impressive penthouse style apartment in the centre of the City of Hereford, boasting up to three bedrooms and open plan reception room and kitchen, three bathrooms, off-road parking and oozing character features throughout - MUST BE VIEWED!

This property is being sold with a tenant in situ.

Council Tax Band: D
Tenure: Leasehold
Length Of Lease: 78
Annual Ground Rent Amount: £115.00
Annual Service Charge Amount: £1,680.00

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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