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Mortimer Street, Leominster, Herefordshire HR6

West Midlands

£165,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
795 sqft

Description

This semi-detached house, situated in a well-established residential area, presents a promising opportunity for renovation and investment. With three bedrooms and two floors of living space, the property features a gas central heating system and double glazing throughout. It stands out as an ideal candidate for modernization, enabling potential buyers to tailor updates according to current design preferences. Upon entering, you are welcomed by a reception hallway that leads to the main living areas. The living room is spacious, featuring windows on both the front and rear elevations that allow natural light to fill the space. A fireplace with a tiled surround adds a traditional touch, although it currently remains unused. The adjacent kitchen holds significant renovation potential; it includes essential base and wall units, work surfaces, and space for appliances along with plumbing for a washing machine. The kitchen also provides access to a side garden area. The first floor comprises three bedrooms of varying sizes, each equipped with windows that ensure adequate ventilation and light. The layout offers opportunities for reconfiguration or enhancement to maximize functionality. A bathroom on the ground floor features essential fittings including a panelled bath with an electric shower overhead. Externally, the property boasts a south-facing garden which can serve as an inviting outdoor space post-renovation. A small patio area leads onto a lawn bordered by mature plants and shrubs, creating potential for landscaping improvements or even expansion of usable outdoor space. There's also an outbuilding at the end of the garden which could be repurposed for various uses. Located conveniently close to Leominster's town center, residents will benefit from easy access to local amenities such as shops, schools, healthcare facilities, and leisure options like a swimming pool. Moreover, the nearby Cathedral City of Hereford is just 14 miles away while historic Ludlow is also within easy reach. This property is chain-free and awaits new owners looking to implement their vision for modern living in an appealing neighborhood. Given its location and structural strengths combined with the necessity for updates, this home presents not only comfortable accommodation but also significant investment potential.

Investment Analysis

(HR6 area)

Below Market Value

This property is priced -23.1% below area average per sq ft

-23.1%
Potential saving
This Property
£208/sq ft
Area Average
£270/sq ft
Avg Rent (weekly)
£181
Avg Yield
2.6%

Renovation Potential

Est. Renovation Cost
£16,500 - £41,250
10-25% of property value
Target Value
£236,028
10% above area average per sq ft
Potential ROI
+14.4%
After renovation
Monthly Sales
12
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (HR6)

Area prices are stable by +1.4% over the last 12 months
3 year growth: 3.6%
5 year growth: 16.2%
Investment Disclaimer: Analysis based on HR6 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Mortimer Street, Leominster, Herefordshire HR6
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