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Grafton, Hereford HR2

West Midlands

£275,000

Listed on 26/06/2026

Property details

Bedrooms
N/A
Type
Bungalow
Area
1106 sqft

Description

This detached dormer bungalow presents a noteworthy opportunity for renovation enthusiasts and investors. Located in a convenient area, the property boasts three bedrooms and two reception rooms, offering ample potential for reconfiguration or modernization. The gardens at both the front and rear provide space for landscaping ventures, while off-road parking adds to its practicality. The ground floor features an entrance hall that leads into a living room with a charming bay window and fireplace, alongside a dining room that connects to the kitchen through bi-fold doors. The kitchen itself offers functional space, though it is due for an update. There are also two well-proportioned bedrooms and a wet room awaiting refurbishment. Upstairs, you’ll find a third bedroom with additional storage options. Outside, the property is framed with hedging and fencing, boasting a sizable garden that can be transformed into a delightful outdoor retreat. This property truly requires full renovation but stands as an ideal canvas for those looking to invest in or undertake substantial refurbishment projects.

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Investment analysis

(HR2 area)

Below Market Value

This property is priced -11.1% below area average per sq ft

-11.1%
Potential saving
This Property
£249/sq ft
Area Average
£280/sq ft
Avg Rent (weekly)
£259
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£340,161
10% above area average per sq ft
Potential ROI
-6.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (HR2)

Area prices are falling by -2.4% over the last 12 months
3 year growth: +1.4%
5 year growth: +6.2%
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

Grafton, Hereford HR2
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,039
Based on a loan of £206,250 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.

Stamp duty calculator

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