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Grosmont Grove, Hereford

West Midlands

£175,000

Listed on 19/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
783 sqft

Description

This three-bedroom house presents a promising opportunity for investors or those looking to create their ideal home through renovation. Nestled within a quiet cul-de-sac on the southern edge of Hereford city, the property is conveniently close to local amenities including supermarkets, schools, and public transport links. The layout comprises an entrance porch leading into a hallway, a living room, and a spacious kitchen/diner with access to the rear garden. There are two shower rooms—one on each floor—alongside three bedrooms upstairs. While the property benefits from gas central heating and double glazing, it requires modernisation throughout to unlock its full potential. The exterior offers off-road parking and a garden that features both patio and paved areas, ideal for outdoor improvements or landscaping. With some vision and investment, this property could become a fantastic family home or rental asset in a desirable location.

Investment Analysis

(HR2 area)

Below Market Value

This property is priced -20.6% below area average per sq ft

-20.6%
Potential saving
This Property
£223/sq ft
Area Average
£282/sq ft
Avg Rent (weekly)
£247
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£242,542
10% above area average per sq ft
Potential ROI
+18.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (HR2)

Area prices are falling by -4.0% over the last 12 months
3 year growth: -0.3%
5 year growth: +8.6%
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

Grosmont Grove, 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
£624
Based on a loan of £131,250 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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