Queensway, Hereford, Herefordshire, HR1 1HQ

Description

A three bedroom semi-detached house in need of modernisation, with the benefit of off-road parking and rear garden, situated within close proximity to Hereford’s amenities. No chain.

Accommodation

Entrance hall; living room measuring 4.25m x 3.8m with electric fire and understairs storage cupboard; kitchen measuring 4.2m x 3.8m maximum with wall and base units, stainless steel sink unit with drainer, and space and plumbing for appliances; cloakroom with W.C.; rear hall with access to storage cupboard and side entrance door; first-floor landing with access to storage cupboard and loft; bedroom one measuring 4.2m x 3.3m; bedroom two measuring 3.7m x 2.7m with storage cupboard; bedroom three measuring 2.4m x 2.6m; bathroom with bath, hand basin and W.C.; front off-road parking and lawned area; side access; rear concrete area with steps leading to a lower garden area.

Location

City location, situated within close proximity to Hereford’s amenities.

Tenure / Property Information

Tenure	Freehold
Occupancy	Vacant possession upon completion
EPC	Energy Rating D
Council Tax	Band B
Parking	Off-road parking to the front of the property
Heating	Radiators and electric fire; mains gas connected
Services	Mains water, drainage, electric and gas are connected to the property.

Investment Analysis

The five supplied same-street freehold semi-detached sales range from £181,000 to £319,500. The two 2025 sales are £210,000 and £319,500, showing substantial variation. A base GDV of £210,000 uses the lower recent same-street sale as the more conservative reference for a property described as needing modernisation; £181,000 and £319,500 are used as evidence-supported low and high scenarios, not formal valuations. Rental evidence comprises advertised asking rents of £1,100 and £1,150 pcm. For yield illustration, the midpoint of the £100,000-£150,000 guide range (£125,000) is used as the analysis purchase figure.

Investment Snapshot

Guide Price	£100,000-£150,000
HB Estimated GDV	£210,000
Estimated Monthly Rent	£1,100 – £1,150 pcm
Estimated Annual Rent	£13,500 pa
Gross Yield on Guide	10.8%

Strategy Recommendation

Proceed only on a conditional BTL/BRRR basis after confirming the modernisation scope, costs, legal position and achievable rent. The current evidence is insufficient to set a defensible maximum bid.

Works Required

Modernisation is required, but the evidence does not specify the extent or cost. Inspect and price any required updating to the kitchen, bathroom, decoration, flooring, heating/electrical installations and external garden/parking areas before bidding; do not assume all require replacement.

Rental & Market Context

HB Estimated Market Rent

£1,100 – £1,150 pcm

3 Bedroom properties to rent in Hereford - Zoopla — 3 bed — — Advertised asking rent	£1,150 pcm
Properties to Rent in Hereford, Hereford Herefordshire | Nethouseprices.com — 3 bed — — Advertised asking rent	£1,100 pcm

Sold Comparables

The following completed sales were identified within approximately 5 miles:

110, Queensway, Hereford, Herefordshire, Hr1 1hq 2025-11-07 · Semi-Detached · Freehold	£319,500
109, Queensway, Hereford, Herefordshire, Hr1 1hq 2025-04-17 · Semi-Detached · Freehold	£210,000
110, Queensway, Hereford, Herefordshire, Hr1 1hq 2022-10-21 · Semi-Detached · Freehold	£316,000
111, Queensway, Hereford, Herefordshire, Hr1 1hq 2022-08-26 · Semi-Detached · Freehold	£208,000
158, Queensway, Hereford, Herefordshire, Hr1 1hq 2021-03-19 · Semi-Detached · Freehold	£181,000

Potential BRRR Position

Base GDV	£210,000
75% Refinance	£157,500

Using the base GDV of £210,000, a 75% refinance illustration is £157,500. The available evidence does not support a refurbishment budget or complete project-cost calculation, so cash left in, equity and refinance viability cannot be established. The strategy requires a survey, priced works schedule and confirmation of achievable rent and lending terms.

Buy-to-Let Analysis

At the £125,000 guide midpoint, the advertised rent range of £1,100-£1,150 pcm implies gross yields of approximately 10.56%-11.04%, with a midpoint annual rent of £13,500. These are asking rents rather than achieved rents, and the analysis excludes unknown refurbishment, finance, acquisition, maintenance and void costs. BTL may be attractive if the required modernisation is modest and verified.

Flip Analysis

A base GDV of £210,000 is supported only as a conservative same-street evidence scenario. The property needs modernisation, but no refurbishment or selling-cost allowance is supplied. Consequently, a reliable flip surplus and maximum purchase price cannot be calculated.

Investor Risks & Due Diligence

• The property is described as needing modernisation, but the extent and cost of works are unknown.

• Same-street completed sale evidence ranges widely from £181,000 to £319,500, creating significant GDV uncertainty.

• Rental figures are advertised asking rents rather than achieved passing rents.

• Buyer, administration, finance, refurbishment and selling costs are not supplied.

• The auction guide is a range and does not establish the eventual purchase price.

Recommendation

Proceed only on a conditional BTL/BRRR basis after confirming the modernisation scope, costs, legal position and achievable rent. The current evidence is insufficient to set a defensible maximum bid.

Strategy Rating

HB Rating

★★★☆☆

Analysis Confidence

Confidence

Medium

There are multiple same-street completed sales and two rental asking-rent indicators, but comparable outcomes vary widely and no survey, refurbishment budget, buyer fees, selling costs or achieved rental evidence is supplied.