Hereford, HR1 2EH | Investment Property for Sale | VES-HR1-003

Opportunity to purchase an apartment in Lancaster generating £6,000 rent pa & gross yield of 5.5%

£110,000

Apartment

VES-HR1-003

INITIAL INVESTMENT

£33,300

Based on

deposit: £27,500

stamp duty: £3,300

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£6,000

GROSS YIELD

5.5%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£225

SERVICE CHARGE

£456

1 bedroom

1 bathroom

1 reception room

557

Fully Furnished

Please note that this property is also part of a larger portfolio listing.

Leasehold information

  • Length of lease: 250 years
  • Year lease started: 2018

Property information

  • One of 17 brand new homes
  • Open plan kitchen/lounge
  • EPC rating D
  • Monthly rental income £500
  • The property comes with a 10-year structural guarantee

Location information

  • The property is located in the heart of Hereford and is close to a number of amenities including shops, cafes, bars, restaurants, and Hereford Courtyard Theatre.
  • Transport links are also excellent, with Hereford railway station within easy walking distance.

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Hereford, Herefordshire

Hereford is a cathedral city and the county town of Herefordshire in the West Midlands, England. It lies around 16 miles east of the border with Wales, 24 miles south-west of Worcester and 23 miles north-west of Gloucester.

The A49, A438 and A465 roads all cross in Hereford and connect the city to the rest of the country. Hereford railway station is on the Welsh Marches Line and services run to Worcester, Birmingham, London, Manchester, Cardiff, as well as other places in Wales.

Some of the local attractions include Hereford Cathedral, Chase Distillery, Berrington Hall, Mappa Mundi & Chained Library Exhibitions, Hereford Cider Museum, The Black and White House Museum, Monkland Cheese Dairy, Brobury House Gardens and the Waterworks Museum.

There are plenty of activities on offer in Herefordshire & The Wye Valley, such as Leominster Golf Club, Battlelands paintballing, Peachley Quad Trekking, Herefordshire Raceway, Noakes Farm Riding Centre, potholing and caving at Clearwall Caves and canoeing at Racquety Farm.

Entertainment is provided by the Courtyard Centre for the Arts, as well as the Odeon cinema in the Old Market precinct and the Ten Pin Bowling alley. Whilst High Town is the city’s pedestrianised shopping area, Buttermarket is a traditional indoor market and Maylord Shopping Centre is a retail complex of well-known brands.

Hereford is home to five colleges including Hereford College of Arts, Herefordshire and Ludlow College, the National School of Blacksmithing, Hereford Sixth Form College, the Royal National College for the Blind and Holme Lacy College. There are many secondary schools as well as primary schools and a co-educational independent school.

Some of the main employers in Hereford include Herefordshire Council, NHS Herefordshire, Bulmers, Special Metals Wiggin Ltd, Cargill Meats Europe, Painter Brothers, Spinning Dog Brewery and Wye Valley Brewery. Hereford products include the famous Hereford cattle breed, cider, beer, leather goods, nickel alloys, poultry and chemicals.

Commercial Street,

Hereford,

Herefordshire,

England,

HR1 2EH

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Copyright © 2020 Vesta Global Limited. All rights reserved.