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Munstone Road, Hereford

West Midlands

£230,000
Listed on 24/04/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
1151 sqft

Description

This detached bungalow presents an exceptional opportunity for those interested in a substantial renovation project within a desirable semi-rural environment. Set on a generous plot, the dwelling comprises three ample reception areas and two well-sized double bedrooms, offering a solid base for reconfiguration or modernization. The property requires extensive refurbishment throughout, making it a prime canvas for buyers looking to craft a personalized contemporary living space. Additionally, there is potential for an attic conversion, subject to obtaining the necessary consents, which could create extra accommodation or living areas. Located on the outskirts of Hereford, this property combines serene rural charm with convenient access to urban amenities. Scenic walks are readily available from your doorstep, ideal for outdoor enthusiasts. Despite its tranquil setting, the home benefits from good transport links via nearby Roman Road, facilitating easy commutes to Worcester and access to surrounding regions. The accommodation briefly includes: a welcoming porch leading into a spacious hall; a bright living room featuring a bay window; an adjoining dining room with views of the rear garden; and a functional kitchen equipped with base units and space for appliances. The sun room opens directly onto the garden, while the utility room provides additional practicality. Two double bedrooms offer ample space for storage and furnishings. The property also features a bathroom with basic amenities and an attic previously utilized for storage that could be transformed into valuable living space. Externally, the large garden is predominantly laid to lawn with established greenery, including a greenhouse and detached garage alongside driveway parking options. This unique offering not only presents an exciting renovation prospect but also holds great potential for future value enhancement.

Investment Analysis

(HR1 area)

Below Market Value

This property is priced -32.3% below area average per sq ft

-32.3%
Potential saving
This Property
£200/sq ft
Area Average
£295/sq ft
Avg Rent (weekly)
£252
Avg Yield
3.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£373,500
10% above area average per sq ft
Potential ROI
+13.2%
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
13%
Properties sold annually

Local Market Trend (HR1)

Area prices are falling by -4.7% over the last 12 months
3 year growth: -0.4%
5 year growth: +6.0%
Investment Disclaimer: Analysis based on HR1 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

Munstone Road, Hereford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£815
Based on a loan of £172,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

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