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Pilley Road, Hereford

West Midlands

£295,000

Listed on 18/05/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
1190 sqft

Description

This detached bungalow presents a valuable opportunity for those looking for a renovation project in a desirable area that benefits from local amenities. Boasting two bedrooms, two reception rooms, off-road parking, and a garage, this property also features an enclosed garden ripe for landscaping. The interiors include a spacious lounge/dining room leading to a conservatory with views of the surrounding countryside, and a kitchen equipped with essential fittings that could benefit from modernization. Each bedroom has ample built-in storage, while the bathroom is fitted with standard amenities but requires updating. Furthermore, the large driveway offers convenience while providing access to the garage equipped with utilities. With potential to enhance its appeal significantly through targeted improvements, it is ideal for investors or individuals seeking to downsize in comfort while adding personal touches throughout.

Investment Analysis

(HR1 area)

Below Market Value

This property is priced -15.9% below area average per sq ft

-15.9%
Potential saving
This Property
£248/sq ft
Area Average
£295/sq ft
Avg Rent (weekly)
£254
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£385,893
10% above area average per sq ft
Potential ROI
+16.9%
After renovation
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

Pilley Road, 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
£1,052
Based on a loan of £221,250 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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