3 Bed Semi-Detached House, Cash/Bridging Only, Hereford, HR2 6HH, £167,500

Longmeadow, Hereford, HR2 6HH - 2 views - 2 months ago

Cash
ROI: 3%
~93 m²
+12 photos

ValuationFair Value

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

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£170,850

 

 

End Value (After Refurb)

£208,736

Uplift in Value

+25%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,875

Stamp Duty & Legal Fees

£6,225

Refurb Costs

£37,702

Bridging Loan Interest

£4,397

Total Cash In

£91,948

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£208,736

Mortgage (After Refinance)

£156,552

Mortgage LTV

75%

Cash Released

£30,927

Cash Left In

£61,021

Equity

£52,184

Rent Range

£875 - £1,350

Rent Estimate

£1,107

Running Costs/mo

£894

Cashflow/mo

£213

Cashflow/yr

£2,560

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £150K to £315K, average is £213.5K. £1.8K/m² to £3.3K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£210K07/230.02 mi54, Holme Lacy Road, Hereford, Herefordshire HR2 6DA3
£315K01/230.07 mi103, Holme Lacy Road, Hereford, Herefordshire HR2 6DF3
£215K04/210.1 mi12, Walton Close, Hereford, Hereford And Worcester HR2 6BJ3
£207.5K01/210.1 mi7, Walton Close, Hereford, Hereford And Worcester HR2 6BJ3
£186K02/210.1 mi18, Hoarwithy Road, Hereford, Herefordshire HR2 6HA3
£212K06/210.14 mi6, Granary Grove, Hereford, Herefordshire HR2 6RZ3
£204K12/200.15 mi142, Hinton Road, Hereford, Herefordshire HR2 6BW3
£245K04/230.15 mi2, Stable Drive, Hereford, Herefordshire HR2 6SH3
£255K06/210.15 mi43, Manor Road, Hereford, Hereford And Worcester HR2 6HN3
£198.5K12/200.15 mi1, Manor Road, Hereford, Herefordshire HR2 6HN3
£185K06/230.16 mi22, Ridgeway Avenue, Hereford, Herefordshire HR2 6HW3
£177.5K02/230.16 mi39, Ridgeway Avenue, Hereford, Herefordshire HR2 6HW3
£220K10/210.18 mi127, Holme Lacy Road, Hereford, Herefordshire HR2 6DG3
£220K06/210.18 mi41, Poppy Walk, Hereford, Herefordshire HR2 6SP3
£160K05/210.19 mi32, Chestnut Drive, Hereford, Herefordshire HR2 6AY3
£220K07/210.2 mi4, Willow Grove, Hereford, Herefordshire HR2 6BB3
£245K07/230.21 mi11, Dinedor Avenue, Hereford, Herefordshire HR2 6DW3
£218K02/210.22 mi13, Peregrine Close, Hereford, Herefordshire HR2 6BS3
£212K12/200.22 mi16, Peregrine Close, Hereford, Herefordshire HR2 6BS3
£243K02/230.23 mi98, Hinton Road, Hereford, Herefordshire HR2 6BN3
£195K07/210.24 mi1, Acacia Close, Hereford, Herefordshire HR2 6BP3
£190K04/210.25 mi4, Web Tree Avenue, Hereford, Herefordshire HR2 6HG3
£152K10/200.26 mi11, Hawthorn Grove, Hereford, Herefordshire HR2 6AU3
£150K01/210.26 mi22, Hawthorn Grove, Hereford, Herefordshire HR2 6AU3
£215K03/210.26 mi17, Garrick Avenue, Hereford, Herefordshire HR2 7RU3
£257K12/220.27 mi20, Holme Lacy Road, Hereford, Herefordshire HR2 6BY3
£204.9K06/210.27 mi21, Broad Leys Crescent, Hereford, Herefordshire HR2 7RT3
£190K02/210.27 mi28, Holme Lacy Road, Hereford, Herefordshire HR2 6BY3
£218K10/200.27 mi5, Kemble Close, Hereford, Herefordshire HR2 7SB3
£163K07/210.28 mi16, Mayne Avenue, Hereford, Herefordshire HR2 6HY3
£174K02/210.28 mi116, Hinton Road, Hereford, Hereford And Worcester HR2 6BN3
£160K12/200.28 mi112, Hinton Road, Hereford, Herefordshire HR2 6BN3
£240K07/210.28 mi112, Hinton Road, Hereford, Herefordshire HR2 6BN3
£211K03/210.28 mi109, Hinton Road, Hereford, Herefordshire HR2 6BN3
£215K04/230.28 mi109, Hinton Road, Hereford, Herefordshire HR2 6BN3
£217K04/210.29 mi7, Lime Grove, Hereford, Hereford And Worcester HR2 6AL3
£167.5K09/210.3 mi13, Franks Avenue, Hereford, Herefordshire HR2 6HZ3
£279.9K06/210.3 mi179, Ross Road, Hereford, Herefordshire HR2 7RP3
£263K01/230.3 mi195, Ross Road, Hereford, Herefordshire HR2 7RR3
£220K03/210.31 mi1, Bradbury Close, Hereford, Herefordshire HR2 7RX3
£262.5K12/220.31 mi5, Bradbury Close, Hereford, Herefordshire HR2 7RX3
£235K04/210.31 mi8, Bradbury Close, Hereford, Herefordshire HR2 7RX3
£186K02/210.32 mi11, Bluebell Walk, Hereford, Herefordshire HR2 6GP3
£183K10/210.34 mi27, Oak Avenue, Hereford, Herefordshire HR2 6AH3
£215K12/200.35 mi1, Campbell Close, Hereford, Herefordshire HR2 6GH3
£262.5K03/210.37 mi33, St Clares Court, Lower Bullingham, Hereford, Hereford And Worcester HR2 6PY3
£197.5K12/200.37 mi1, Clover Piece Walk, Hereford, Herefordshire HR2 7SZ3
£239.9K06/230.37 mi6, Clover Piece Walk, Hereford, Herefordshire HR2 7SZ3
£225K01/230.37 mi40, St Clares Court, Lower Bullingham, Hereford, Herefordshire HR2 6PY3
£195K03/210.37 mi21, The Dales, Lower Bullingham, Hereford, Hereford And Worcester HR2 6DS3

Local Rents

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

RentDateDistanceAddressBeds 
£1,15004/240.1 miWalton Close, HEREFORD3
£1,15012/240.21 miThe Hawthorns, Hereford3
£99504/240.65 miEscley Drive, HEREFORD3
£1,05012/240.75 miNew Kilvert Road, HEREFORD3
£99512/240.8 mi-3
£1,20012/240.83 miSt. Owen Street, Hereford3
£87504/240.88 miBridge Street, HEREFORD3
£95012/240.92 mi-3
£97509/240.92 mi-3
£97509/240.92 mi-3
£1,30012/240.98 mi-3
£1,30012/240.98 mi-3
£1,35012/240.98 mi-3
£1,10012/241.01 mi-3

Local Area Statistics

Population in HR2

38,935

Population in Hereford

101,068

Town centre distance

5.01 miles away

Nearest school

0.50 miles away

Nearest train station

1.39 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-47%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £167,500

February 12, 2025

Floor Plans

Description

  • Cash Buyers Only +
  • Three Bedrooms +
  • Well Presented Throughout +
  • Good Size Rear Garden +
  • Upstairs Bathroom +

SUMMARY
This Cornish style semi-detached home is the perfect home for families, investors and customers who are looking to downsize who have cash available. Located off Holme Lacy Road in the Putson area where there is a wealth of amenities. Call now to book an early viewing to avoid disappointment

DESCRIPTION
This wonderful three bedroom semi-detached home is located off Holme Lacy Road in the Putson area of the city. A wealth of amenities can be found nearby to include shops, pub and chip shop as well as open green space. The city centre of Hereford stands approximately 1 mile away boasting a vast array of shops, bars, restaurants and facilities. This is the perfect property for families, investors and customers who are looking to downsize who have cash available. This lovely home at the front looks out over the green and Briefly comprises: off road parking, entrance hall, lounge, dining room kitchen, first floor landing, three bedrooms, family bathroom and a good size garden to the rear.

Entrance Hall 
Double glazed door to front, central heating radiator, ceiling light point, stairs leading to the first floor landing, under storage cupboard and door to the following.

Lounge 14' 5" x 10' 10" ( 4.39m x 3.30m )
Three double glazed windows to front elevation, electric wall mounted fire, central heating radiator and ceiling light point.

Dining Room 9' 1" x 8' 11" ( 2.77m x 2.72m )
Double glazed door to rear giving access to the rear garden, double glazed window to rear elevation, central heating radiator and ceiling light point.

Kitchen 9' 11" x 11' 11" ( 3.02m x 3.63m )
Fitted kitchen with wooden wall and base units with roll top work surfaces over, one and a half bowl sink and drainer, splash back tiling to walls, space for cooker and fridge freezer, plumbing for washing machine, central heating boiler, storage cupboard, under stairs storage, two double glazed windows to rear elevation, double glazed window to side elevation, double glazed door to side, ceiling light point, central heating radiator and doors to the following.

First Floor Landing  
Double glazed window to side elevation, loft access, ceiling light point and doors to the following.

Bedroom One 14' 7" max x 10' 11" max ( 4.45m max x 3.33m max )
Double glazed window to front elevation, built in wardrobes, central heating radiator and ceiling light point.

Bedroom Two 14' 7" x 9' 11" max ( 4.45m x 3.02m max )
Two double glazed windows to rear elevation, central heating radiator and ceiling light point.

Bedroom Three 7' 10" x 9' 9" ( 2.39m x 2.97m )
Double glazed window to front elevation, stair bulkhead restricting floor space, central heating radiator and ceiling light point.

Bathroom 
Modern white suite briefly comprising: bath with mixer taps and showerhead over, wash hand basin, low level W.C, part tiling to the walls, central heating radiator, extractor fan, ceiling light point and double glazed obscure window to rear elevation.

Rear Garden 
A good size rear garden which is slab paved and leads to a good size lawn. There are fencing to the boarders and a side gate which gives access back to the front of the home. You also have an outbuilding which is perfect for storage and also has the added benefit of power connected.

Agent Note 
A Cornish construction is usually not considered mortgageable and therefore may be suitable for cash buyers only.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Hereford

01432 802236

Next Steps?

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