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Priory Place, Hereford

West Midlands

£205,000
Listed on 30/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
763 sqft

Description

This charming Victorian end-terraced house features two bedrooms and is located just north of Hereford city. Retaining many original period elements, the property offers significant renovation and investment potential, making it a suitable option for first-time buyers or investors looking to capitalize on its appeal. The generous side garden not only provides outdoor space but also presents opportunities for further development, subject to necessary permissions. Notably, a previous planning permission to expand the house into a four-bedroom residence had been granted but has since lapsed, leaving scope for reapplication. Inside, the layout consists of a lounge with an open fireplace, a dining room with under-stairs storage, and a compact kitchen that leads directly to the garden. The first floor comprises two double bedrooms and a bathroom equipped with essential fixtures. With some updates and modern touches, this property can become a desirable home while potentially enhancing its value in the future. Conveniently located near local amenities and within walking distance to Hereford's facilities, this house also includes residents' parking at the front.

Investment Analysis

(HR4 area)

Below Market Value

This property is priced -8.0% below area average per sq ft

-8.0%
Potential saving
This Property
£269/sq ft
Area Average
£292/sq ft
Avg Rent (weekly)
£236
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£245,201
10% above area average per sq ft
Potential ROI
+2.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (HR4)

Area prices are falling by -8.7% over the last 12 months
3 year growth: -6.1%
5 year growth: +12.9%
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

Priory Place, Hereford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£739
Based on a loan of £153,750 over 30 years at 4.06% 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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