NO ONWARD CHAIN - Investor opportunity offering a 7.6% gross yield at £110,000, with £700 pcm market rent. Recently redecorated and re-carpeted throughout, with modern fitted kitchen, spacious lounge/diner, double bedroom and bathroom. Approx. 150-year lease, EPC C and compliance in place. Service Fees £65 per month / Ground Rent: £35 per annum. Excellent location close to amenities and Hereford city centre.
47 Nicholson Court, Bubble Stock, Hereford HR4 9LX
Investment Price: £110,000 | Current Market Rent: £700 pcm | Gross Yield: 7.6%
A recently refurbished, well-presented investment property offering an attractive 7.6% gross yield, with approximately 150 years remaining on the lease and all key lettings compliance in place.
47 Nicholson Court presents an excellent opportunity for an investor seeking a straightforward, income-producing residential property in a popular and well-connected area of Hereford.
The property is currently valued for rental purposes at approximately £700 per calendar month, providing an annual rental income of £8,400. At an asking price of £110,000, this represents an attractive gross rental yield of approximately 7.6% before operating costs, finance and taxation.
Importantly for an investor, the property has recently undergone refurbishment, including redecoration and new carpets throughout, meaning it is presented in clean, modern condition and requires little immediate expenditure.
The accommodation comprises a generous entrance hallway, spacious lounge/dining room, good-sized double bedroom, family bathroom and a modern fitted kitchen in excellent condition.
Investment and Compliance Highlights
£110,000 asking price
£700 pcm market rent
£8,400 anticipated annual rental income
7.6% gross rental yield
Approximately 150 years remaining on the lease, following a recent lease extension
EPC rating C
Valid EICR and lettings certification in place
New certified fire door to the entrance of the apartment
Mains-interlinked smoke and heat detectors
New hot water cylinder
Efficient electric storage heating and electric panel heaters, with the heating system installed within the last five years
Recently redecorated throughout
New carpets throughout
Modern fitted kitchen in excellent condition
Secure communal entrance system
Well-maintained and landscaped communal grounds
Allocated parking for one vehicle
Additional visitor and on-road parking
Location
Nicholson Court is particularly well positioned for both tenants and investors, being close to a range of everyday amenities including a supermarket, newsagent, pub and restaurant and doctors’ surgery.
There are regular bus services into central Hereford, while the property is approximately one mile from Hereford city centre, providing convenient access to the city’s shops, restaurants, employment opportunities and wider amenities. Its position also provides good access to the surrounding road network and neighbouring towns.
A Straightforward Investment Proposition
For an investor, the combination of purchase price, rental income, lease length, recent refurbishment and existing compliance makes 47 Nicholson Court an appealing buy-to-let proposition.
Furthermore, for any purchaser intending to let the property through Northwood, we are offering a Golden Hello of three months’ fee-free fully managed letting, including rent and legal protection cover. This provides the incoming landlord with professional management from day one while initially reducing the cost of ownership.
With a strong rental position, recently improved accommodation and approximately 150 years remaining on the lease, 47 Nicholson Court represents an opportunity to acquire a low-maintenance, immediately lettable investment property with an attractive headline gross yield of 7.6%.
SELLING? WE OFFER FREE MARKET APPRAISALS OR SALES ADVICE MEETINGS WITHOUT OBLIGATION. CONTACT NORTHWOOD ON 01432 370000 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 Agent's Note - In accordance with The Money Laundering Regulations 2007, Northwood (Hereford) Ltd are required to carry out customer due diligence checks by identifying the customer and verifying the customer’s identity on the basis of documents, data or information obtained from a reliable and independent source. At the point of your offer being verbally accepted, you agree to paying a non-refundable fee of £40 inclusive per purchaser in order for us to carry out our due diligence.
EPC rating: C. Council tax band: A, Domestic rates: £1704.29, Tenure: Leasehold,
| Tax Band | % | Taxable Sum | Tax |
|---|
Struggling to find a property? Get in touch and we'll help you find your ideal property.
