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Folly Lane, Hereford HR1

West Midlands

£665,000
Listed on 27/04/2026

Property Details

Bedrooms
5
Type
Semi Detached

Description

This substantial Victorian semi-detached residence offers a remarkable opportunity for investors or renovators. With six bedrooms and three reception rooms spread over four floors, this property provides ample family accommodation within the desirable Hereford City area. The gated entrance opens to a pebbled driveway leading to the ground floor, which features an inviting entrance hall and a detached double garage with detailed planning permission for conversion into a two-bedroom dwelling, enhancing its investment appeal. The layout includes a sitting room with a charming bay window, a spacious kitchen/diner equipped with integrated appliances, and a versatile study that could serve as an additional bedroom. Upstairs, the first floor hosts three generously-sized double bedrooms, including one with an en-suite bathroom. The second floor adds two more double bedrooms along with a family shower room. The property's basement offers further potential with spaces including a workshop, laundry room, and additional living areas that can be repurposed to suit modern needs. The private rear garden features both paved and gravelled areas that create opportunities for landscaping or relaxation. With improvements needed throughout such as modernizing fixtures and finishes and possibly reconfiguring spaces in line with current trends, this property holds significant potential for renovation. Given its location near essential amenities and transport links, it presents an ideal project for those looking to maximize their investment in the thriving West Midlands market.

Investment Analysis

(HR1 area)
Area Average
£295/sq ft
Avg Rent (weekly)
£252
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (HR1)

Area prices are falling by -4.7% over the last 12 months
3 year growth: -0.4%
5 year growth: +6.0%
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

Folly Lane, Hereford HR1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,355
Based on a loan of £498,750 over 30 years at 3.91% 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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