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1 bed flat for sale

£105,000 Guide price

Leominster, Herefordshire HR6

1
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Property features

  • Great investment opportunity with 5 in total available
  • 1 bedroom
  • Lounge
  • Quality fitted Kitchen
  • Quality fitted Shower Room
  • Convenient town centre location
  • 124 year lease. Ground rent £250 P/A
  • Extremely good insulation standards in the building
  • Electric Heating
  • All units are under the stamp duty limit

Property description

Property Description

Located in the heart of Leominster, converted 1 bed apartments, presented in great condition. Great investment or first time buyer opportunities.

Property Details

A fantastic purchase opportunity for first time buyers or investment buyers. A conveniently central location within the historic market town of Leominster sits this period building holding 5 high spec apartments, occupying the first and second floors. Guide prices set from £80,000 to £105,000. The entire building has undergone a full renovation and conversion by a reputable company and each apartments is finished to a high spec with extremely good insulation standards throughout. The communal areas are finished beautifully and it boasts the high ceilings and some impressive sash windows.
This could be a great opportunity for an investor wishing to but all 5 units and we would be happy to discuss in further details the achievable rental values in each apartment. Each apartments is under the stamp duty limit making them more appealing. The apartments have a private entrance and secure doors. There is a intercom system connected and fire alarm system meeting modern current regulations. The apartments have a 125 year lease which started in October 2014. The ground rent is £250 P/A.
There is mains electric, water and drainage and electric heating to each apartment.
Leominster market town is believed to date back to the 7th century and has a wealth of different architectural buildings spanning over the centuries. There is a wide range of shops, schools, college, doctors, dentists, leisure centres, a swimming pool and network rail links.
We are delighted to have the opportunity to market these converted apartments and we highly recommend internal viewing to fully appreciate what is on offer as each apartments is different in design and size.

Property info

Floorplan(s): Apartment 3

Apartment 3 View original

Market activity
Average price paid £233,711 Sales 287 Current average value £265,859 (Zoopla Zed-Index) Value change £13,140 ▲ 5.20%

Property value data/graphs for HR6

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £358,349 £243 3.6 £291,603
Semi-detached £194,230 £209 3.0 £182,774
Terraced £178,907 £189 2.7 £183,205
Flats £101,515 £218 1.7 £87,111

Current asking prices in HR6

Average: £263,259
Avg. current asking prices in HR6
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £165,162
(12)
£269,709
(21)
£323,889
(9)
£455,000
(3)
Flats £90,000
(5)
- £290,000
(1)
- -
All £90,000
(5)
£165,162
(12)
£270,631
(22)
£323,889
(9)
£455,000
(3)

Current asking rents in HR6

Average: £557 pcm
Avg. current asking prices in HR6
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £572 pcm
(1)
- - -
Flats £552 pcm
(3)
- - - -
All £552 pcm
(3)
£572 pcm
(1)
- - -

Fun facts for HR6

Highest value in HR6
Highest value streets Zed-Index
Hamnish, Leominster HR6 £607,638
Bearwood £486,539
Eardisland £464,796
Pudleston, Leominster HR6 £461,951
Broxwood £461,164
Highest turnover in HR6
Highest turnover streets Turnover
Ropewalk Avenue 59.3%
Lower Leys Way 58.3%
West Town Court 50.0%
Mowbray Close 46.2%
Wynyard Close 43.8%

What Zoopla users think of Leominster

Overall rating:

  • currently 3 stars
Good - 65% (23 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 2.5 stars
Entertainment & nightlife
  • currently 3.5 stars
Parks & recreation
  • currently 3 stars
Restaurants & shopping
  • currently 3 stars
Schools & public services
  • currently 3.5 stars
Transport & travel

Rate Leominster:

Tell us what you think of this area by rating these categories.
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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Leominster (0.4 miles)
  • Ludlow (10.0 miles)
  • Hereford (11.6 miles)
  • Birmingham International Airport (44.7 miles)
  • Coventry Airport (54.2 miles)
  • Bristol Airport (58.4 miles)
  • Sharpness Old Docks (36.4 miles)
  • Lydney Harbour (37.1 miles)
  • Newport (S Wales) Ferry Terminal (47.0 miles)

Nearby schools

View all schools in Herefordshire
  • Leominster Primary School (0.5 miles)
  • Ivington CofE Primary School (2.0 miles)
  • Kimbolton St James CofE Primary School (2.4 miles)
  • Saint Michael's College (6.8 miles)
  • Hereford Sixth Form College (11.5 miles)
  • Robert Owen Academy (11.6 miles)
  • Westfield School (0.2 miles)
  • Earl Mortimer College and Sixth Form Centre (0.3 miles)
  • Lucton School (5.0 miles)
Note: Distances are straight line measurements

Local info for Herefordshire

About the neighbours in HR6

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Arrange Viewing

For more information about this property, please contact
Chancellors - Leominster, HR6 on +44 1568 597981 * (local rate)

Monthly running costs Beta

£565 Monthly total

Mortgage

Purchase price
Deposit (10%) 10,500
Repayment term 25
Interest rate 1.5
Your payment £377 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Energy

Gas £21 Electricity £27 Estimated energy cost £48/mo

Similar properties could save up to £183

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6100 kWh/year
Electricity: 2000 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Herefordshire

Estimated tax band A Council tax cost £114 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £10 Sewerage £16 Estimated water cost £26 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Chancellors - Leominster, and do not constitute property particulars. Please contact Chancellors - Leominster for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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