20, Marlbrook Road, HEREFORD, Herefordshire, HR2 7NS

Description

Freehold two floor semi-detached house requiring modernisation. Full vacant possession.

Accommodation

First floor: Three bedrooms, bathroom/WC. Ground floor: Reception room, kitchen, entrance hallway. Outside: Front and rear gardens. Gross Internal Area GIA (Source: EPC) approximately 76 sq m (818 sq ft).

Location

The property is situated on Marlbrook Road between its junctions with Merestone Road and Laysters Avenue. Public transport links include Hereford mainline rail station together with a network of local bus services serving the surrounding vicinity. Road links include the A49 and A465. An extensive range of shops, bars, cafes and restaurants can be found locally in Hereford City Centre. Recreational pursuits can be found locally at the open spaces of Redhill Playing Fields and the wider grounds surrounding the River Wye corridor.

Tenure / Property Information

Investment Analysis

The evidence supports a broad modernised-value range of £119,000–£163,000, based primarily on same-road semi-detached sales at £119,000 in April 2025 and £163,000 in February 2021. The older £172,000–£185,000 sales provide upper context but are less current. A base GDV of £140,000 is used as an estimate, subject to the unknown condition and required modernisation. The £95,000 guide plus the known £1,800 buyer administration charge is £96,800 before works, seller fees and other acquisition costs.

Investment Snapshot

Strategy Recommendation

Proceed only after a full inspection, legal review and priced modernisation schedule. Treat as a potential value-add purchase rather than an established BTL, and set the maximum bid only after works and selling or refinancing costs are known.

Works Required

Modernisation is required, but the evidence gives no detailed schedule or condition assessment. Inspect and price the kitchen, bathroom, decoration, flooring, services, heating and external areas before bidding; do not assume any specific defects or works cost.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £95,000 guide, the known purchase price plus the £1,800 administration charge is £96,800 before works and other possible fees. A 75% refinance against the estimated £140,000 base GDV would be £105,000, but cash left in cannot be calculated until works, finance costs and all acquisition charges are known.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. Refurbishment costs and total acquisition costs are also unknown, so neither rent yield nor an appropriate bid can be calculated.

Flip Analysis

The estimated base GDV is £140,000, with an evidence-supported range of £119,000–£163,000. A flip surplus cannot be calculated because the modernisation budget, selling costs and any additional seller fees are not provided. The recent £119,000 same-road sale highlights downside risk.

Investor Risks & Due Diligence

• Modernisation scope and cost are unknown.

• No sufficiently specific rental evidence is available, so BTL yield cannot be assessed.

• The £119,000 April 2025 same-road sale indicates potential downside to the estimated GDV.

• The seller may charge additional completion fees under the special conditions, but the amount is not supplied.

• Parking and heating information require confirmation from the auction centre.

Recommendation

Proceed only after a full inspection, legal review and priced modernisation schedule. Treat as a potential value-add purchase rather than an established BTL, and set the maximum bid only after works and selling or refinancing costs are known.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and clear tenure, size and occupancy information, but no detailed condition report, refurbishment quotations, rental evidence, parking/heating details or complete fee schedule.