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Folly Lane, Hereford

West Midlands

£665,000
Listed on 27/04/2026

Property Details

Bedrooms
5
Type
Semi Detached

Description

This expansive Victorian semi-detached home offers significant renovation and investment opportunities across its four levels. With six bedrooms, three reception rooms, and three bathrooms, it presents an excellent canvas for those looking to create a family residence or multiple rental units. Ideally located near Hereford City amenities, schools, and colleges, the property features an attractive gated driveway leading to the entrance hall and a detached double garage with planning permission for conversion into a two-bedroom dwelling. The ground floor hosts a welcoming entrance hall, sitting room with log burner, kitchen/diner ideal for modernisation, W.C., and a versatile study which could serve as an additional bedroom. The first floor accommodates three spacious double bedrooms—two with en-suites—and various other conveniences. The second floor holds two more bedrooms and a family shower room, while the basement provides extensive functional space including workshop facilities and potential living quarters. The rear garden is generously sized, featuring established fruit trees and areas for outdoor enjoyment. With solar panels enhancing energy efficiency, this property not only promises a comfortable lifestyle but also offers substantial improvement potential for investors aiming to enhance value significantly.

Investment Analysis

(HR1 area)
Area Average
£295/sq ft
Avg Rent (weekly)
£254
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (HR1)

Area prices are falling by -6.1% over the last 12 months
3 year growth: -1.4%
5 year growth: +6.1%
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

Folly Lane, Hereford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,372
Based on a loan of £498,750 over 30 years at 3.97% 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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