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Holme Lacy Road, Hereford

West Midlands

£199,950

Listed on 05/10/2026

The listing

Property details

Bedrooms
3
Type
Semi Detached
Area
831 sqft

Description

This spacious three-bedroom semi-detached house is located in a well-established residential area, conveniently close to Hereford city centre and its amenities. Offered with no onward chain, this property features gas central heating and double glazing throughout. While it requires some updating to unlock its full potential, an internal inspection is highly recommended to truly appreciate the space available. The accommodation begins with a canopy porch leading into a reception hall, which provides access to a lounge featuring a front-facing double-glazed window and a traditional fireplace. The kitchen/dining room, although in need of modernization, includes a single drainer sink unit, ample storage, and space for appliances. A rear porch connects to a downstairs WC. On the first floor, you will find three well-proportioned bedrooms, with the master bedroom benefiting from two windows for natural light. The bathroom requires updating but includes essential fixtures. Outside, the property boasts an extensive front garden with off-road parking for multiple vehicles and a small enclosed rear garden that has been paved for low maintenance. With mains water, electricity, drainage, and gas connected, this property offers a solid foundation for a renovation project.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

55out of 100
Grade DWeak opportunity

Confidence: MEDIUM

This spacious three-bedroom semi-detached house is an intriguing opportunity for buyers looking to invest in a property they can truly make their own. Priced at £199,950, it sits well below the local average of £280/sqft, making it a competitively cheap option in the current market. While the overall condition is dated, with general wear and aging decor throughout, this presents a blank canvas for renovation enthusiasts. The property's medium-scale refurbishment requirement, estimated between £40,000 and £80,000, allows for significant improvements that could enhance both comfort and value.

The house features a decent-sized garden that, while in need of maintenance, offers potential for outdoor enhancement. Additionally, the absence of a chain simplifies the buying process, making this property even more appealing. However, it’s important to note that the all-in costs, including refurbishment, bring the total investment to around £259,950, which is tight against local benchmarks. This means there’s a risk of not achieving a strong margin upon completion, so prospective buyers should be mindful of their renovation budget and plan accordingly.

Key opportunities

  • The property's competitive pricing makes it an attractive acquisition in the local market.
  • The extensive garden has potential for landscaping and outdoor living improvements.
  • Significant scope for modernisation throughout the interior to create a desirable living space.

Key risks

  • All-in renovation costs may be tight against local value benchmarks, impacting potential returns.
  • Dated condition with wear and potential damp could require careful assessment during renovation.

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Map

Location

Holme Lacy Road, Hereford
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Finance

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Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£755
Based on a loan of £149,962 over 30 years at 4.45% 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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