1 bedroom Flat For Sale

**NO ONWARD CHAIN**1-bed ground floor flat requiring full renovation. Excellent investment with £675–£700 pcm rent potential (12.5%+ yield). Scope to add value with estimated post-works value of £95,000–£100,000. Gardens to front, side & large rear. Walking distance to Hereford city centre.

Ideal Investment Opportunity – Renovation Project with Strong Yield Potential

Situated in a convenient and popular residential location just half a mile from the centre of Hereford, this one-bedroom ground floor flat presents an excellent opportunity for investors or buyers seeking a refurbishment project.

The property comprises an entrance hallway, lounge, kitchen, double bedroom, and bathroom. Externally, the flat benefits from a generous rear garden, additional garden space to the front and side, and a useful brick-built shed.

The property is in need of complete modernisation throughout, and the asking price of £65,000 reflects the level of work required. Once renovated, the property is expected to achieve a rental income in the region of £675–£700 per calendar month, equating to an approximate gross yield of 12.5%–12.9%.

Following refurbishment, we would anticipate a resale value in the region of £95,000–£100,000, making this an attractive prospect for investors looking to add value.

Ideally located within easy reach of Hereford city centre, the property offers excellent access to a wide range of shops, cafés, restaurants, and employment opportunities.

Key Features:

• One-bedroom ground floor flat

• Large rear garden plus front and side garden areas

• Brick-built shed

• Requires full renovation

• Strong investment potential

• Estimated rental income: £675–£700 pcm

• Approx. 12.5%–12.9% gross yield

• Walking distance to city centre amenities

SELLING? WE OFFER FREE MARKET APPRAISALS OR SALES ADVICE MEETINGS WITHOUT OBLIGATION. CONTACT NORTHWOOD ON 01989 764050 TO FIND OUT HOW OUR AWARD-WINNING SERVICE CAN GUIDE YOU ON THE BEST WAY TO SELL YOUR PROPERTY.

Stamp Duty: Ensure you understand your Stamp Duty and Land Tax (SDLT) obligations before making an offer.

Residential Properties: Stamp Duty applies to purchases over £125,000 (standard threshold). First-time buyers benefit from an increased threshold of £300,000, provided the property costs £500,000 or less.

Additional Properties: If you’re purchasing a second home or buy-to-let property, a 5% surcharge applies on top of standard rates.

We give notice that these particulars, although believed to be correct, do not constitute any part of an offer of contract, that all statements contained in these particulars as to this property are made without responsibility and are not to be relied upon as statements or representations of fact and that they do not make or give any representation or warranty whatsoever in relation to this property. Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. The agent has not tested any apparatus, equipment, fixture, fittings or services and so cannot verify that they are in working order or fit for their purpose, neither has the agent checked the legal documents to verify the freehold/leasehold status of the property. The buyer is advised to obtain verification from their solicitor or surveyor.

AML REGULATIONS To ensure compliance with the latest Anti Money Laundering Regulations all intending purchasers must produce identification documents prior to the issue of sale confirmation. To avoid delays in the buying process please provide the required documents as soon as possible. We may use an online service provider to also confirm your identity. A list of acceptable ID documents is available upon request. EPC rating: D. Council tax band: A, Domestic rates: £1704.29, Tenure: Freehold,