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Catherine Street, Hereford, Herefordshire HR1

West Midlands

£100,000

Listed on 17/06/2026

Property Details

Bedrooms
2
Type
Flat
Area
441 sqft

Description

This two-bedroom ground-floor apartment is nestled in the vibrant heart of Hereford City Centre, offering a unique opportunity for first-time buyers or investors to infuse their personal touch. The bustling locale boasts an array of shops, independent eateries, and entertainment options, notably enhanced by the recent developments at Old Market, featuring a new cinema and shopping facilities. Conveniently located near the railway station and city bus services, this property not only ensures excellent commuting options but also easy access to various sports and leisure amenities. The interior layout presents two well-sized bedrooms along with an open-plan kitchen and living area that could be transformed into a delightful space with some cosmetic improvements. The family bathroom is equipped with both a bath and a walk-in shower, offering practicality for day-to-day living. Accessed through a communal entrance shared with fellow residents, this flat includes an additional private storage cupboard within the communal areas. There is potential for permit parking nearby, subject to availability. Notably, as part of the purchase process, the current owners will extend the lease from 79 years to 125 years. Ideal for those looking to create a stylish home or a profitable investment, this apartment’s location and configuration provide substantial renovation potential.

Investment Analysis

(HR1 area)

Below Market Value

This property is priced -22.7% below area average per sq ft

-22.7%
Potential saving
This Property
£227/sq ft
Area Average
£293/sq ft
Avg Rent (weekly)
£245
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£142,231
10% above area average per sq ft
Potential ROI
+18.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (HR1)

Area prices are falling by -6.6% over the last 12 months
3 year growth: -1.2%
5 year growth: +6.2%
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

Catherine Street, Hereford, Herefordshire HR1
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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
£378
Based on a loan of £75,000 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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