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Moor Street, Hereford

West Midlands

£130,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terraced property presents a promising opportunity for renovation and investment, ideally situated within a short stroll of Hereford's city center. The location is advantageous, with various local amenities nearby, including dining options and entertainment venues at The Hereford Grid, as well as an Odeon Cinema. The interior layout offers flexibility, having been modified to create a fourth bedroom by installing a stud wall in the lounge—this can easily be reverted to restore the original floor plan. The first floor features three bedrooms, while the ground floor includes an entrance hall that leads into the lounge (currently repurposed), a kitchen/dining area, and a bathroom with essential amenities. Additional highlights include gas central heating to provide comfort throughout the year and a good-sized private rear garden that could be transformed into an ideal outdoor space. This garden is mainly laid to lawn with a patio area and is enclosed for privacy. With some modernization and personal touches, this property has significant potential for appreciation in value, making it an attractive option for both first-time buyers looking to invest in their own home or investors seeking rental opportunities in a desirable area. Viewing is recommended to fully appreciate what this property has to offer.

Investment Analysis

(HR4 area)
Area Average
£289/sq ft
Avg Rent (weekly)
£272
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (HR4)

Area prices are falling by +8.1% over the last 12 months
3 year growth: -4.7%
5 year growth: 15.2%
Investment Disclaimer: Analysis based on HR4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Moor Street, Hereford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£476
Based on a loan of £97,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE