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Belmont Road, Hereford

West Midlands

£350,000
Listed on 13/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This development site offers a promising opportunity for investors or builders looking to capitalize on its prime location and existing planning permissions. The site is situated just three-quarters of a mile from the city center, providing easy access to urban amenities while maintaining a neighborhood feel. Nearby facilities include an Asda supermarket, the Hereford swimming pool, and Bishops Meadows playing fields, which enhance the attractiveness for potential residents. Covering approximately 0.16 acres, the property is level and has been cleared, allowing for immediate development work to commence. Current planning consent allows for the construction of a 2-3 story building consisting of 10 apartments—nine one-bedroom units and one two-bedroom unit—alongside eight designated parking spaces. This configuration not only meets local housing needs but also positions the project favorably within the market. All main services are reportedly available at the site; however, prospective buyers should verify utility connections and any associated costs prior to purchase. The freehold nature of the property ensures that new owners can take full control upon completion. Given its strategic location and authorized plans, this site represents a compelling investment opportunity in an area poised for growth, ideal for those looking to contribute to local housing solutions while potentially benefitting from future appreciation in value.

Investment Analysis

(HR2 area)
Area Average
£278/sq ft
Avg Rent (weekly)
£243
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,200,000 - £1,500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (HR2)

Area prices are falling by +6.1% over the last 12 months
3 year growth: 2.3%
5 year growth: 13.7%
Investment Disclaimer: Analysis based on HR2 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

Belmont Road, 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
£1,282
Based on a loan of £262,500 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