We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom semi-detached house · HR1 3FL
Sold STCListed 50 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the outskirts of the popular village of Withington, an immaculately presented modern two double bedroom semi detached shared ownership property being sold with a 45% share with Connexus Housing Association.
The property is being sold with no onward chain and benefits from gas central heating, double glazing, two double bedrooms and off road parking. A viewing is highly recommended.
Ground Floor With canopy porch and entrance door leading into the Spacious Reception Hall With wood effect flooring, two ceiling light points, radiator, carpeted stairs leading up with useful under stair storage cupboard, wall mounted fuse box and doors into Kitchen/Dining Room A modern fitted kitchen comprising a range of fitted wall and base units with ample work surface space over, there is a 1 1/2 bowl sink and drainer unit with tiled splash back, four ring gas hob with cooker hood over and oven below, under counter space and plumbing for a washing machine with space for a freestanding fridge/freezer, there is a cupboard housing the gas central heating boiler, ample space for a dining table, radiator, double glazed window to the front aspect and spotlights.
Living Room A light and airy living space with fitted carpet, two ceiling light points, radiator, double glazed window and door out to the rear.
Downstairs W/C A spacious downstairs w/c comprising a low level w/c, pedestal wash hand basin with tiled splash back, radiator and ceiling light point.
First Floor Landing With fitted carpet, radiator, ceiling light, two large storage cupboard and doors into Bedroom One A spacious main bedroom comprising fitted carpet, central ceiling light, radiator, two double glazed windows to the rear aspect and a large built in wardrobe cupboard.
Bedroom Two A second spacious double with fitted carpet, ceiling light point, radiator, ample space for wardrobes and dual aspect double glazed windows to the front and side.
Bathroom A modern white three piece suite comprising a panelled bath with tiled surround and mains fitment shower head over, pedestal wash hand basin with tiled splash back, low level w/c, radiator and double glazed window.
Outside To the rear there is a low maintenance garden laid to a mix of patio and lawn and enclosed by fencing and brick walling.
There is a useful wooden storage shed, ornamental tree, useful side access gate and outside tap and power points. The property benefits from two off road parking spaces to the rear.
Agents Note 125 year term from 2020. 119 years remaining. 45% shared ownership with Connexus Housing Association.
Rent payment - £342.37pcm Housing association - Connexus The property can be staircased to 100% ownership. Breakdown of Monthly Rent Rent £342.37pcm Insurance £26.45pcm Gm - £6.53PCM Man.
Admin charge £4.95pcm Eligibility Criteria You can apply to buy the home if both of the following apply: • your household income is £80,000 or less • you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs One of the following must also be true: • you're a first-time buyer • you used to own a home but cannot afford to buy one now • you're forming a new household - for example, after a relationship breakdown • you're an existing shared owner, and you want to move • you own a home and want to Local Connection Also, you must have a local connection to Herefordshire either through residency, work or family.
A local connection for this home is defined as: 1.2.1 a Local Connection within the parish of Withington; or 1.2.2 In the event of there being no person with a Local Connection to the parish of Withington, any other person ordinarily resident within the administrative area of the Council who is eligible under the allocation policies of the Owner who is a Registered Provider, if the Owner who is a Registered Provider can demonstrate to the Council that after 28 working days of any of the Affordable Rent Units becoming available for letting, the Owner who is a Registered Provider, having made all reasonable efforts through the use, found no suitable candidate under paragraph 1.2.1 above.
Directions What3words/// litters.cutlets.relations Money Laundering Prospective purchasers will be asked to produce identification, address verification and proof of funds at the time of making an offer.
Opening Hours Monday - Friday9.00 am - 5.30 pm Saturday 9.00 am - 1.00 pm Outgoings Water and drainage rates are payable. Property Services Mains water, electricity, drainage and gas are connected.
Gas-fired central heating. Residential Lettings & Property Management We operate a first class residential lettings and property management service, and are always looking for new landlords.
For further details please contact James Garibbo . Tenure & Possession Leasehold - vacant possession on completion. 125 years commenced October 2020 with 119 years remaining.
Viewing Arrangements Strictly by appointment through the Agent .
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
.png)
FAQ
About 27, Chapel Road, Hereford
Explore nearby