Millbrook Street, Hereford, HR4

 **NO ONWARD CHAIN** A two DOUBLE BEDROOM mid terraced family home comprising large sitting room/ dining with patio doors, fitted kitchen, family bathroom - private rear garden - off road parking - 3/4 mile from Hereford centre its shops, bars, cafes and restaurants. INVESTORS: Tenant in situ - current rent £750pcm, market rent £850pcm - Target Yield: 5.7% - All tenant administration and safety certs in date and and current. 

Entrance Hallway - Fitted Kitchen - Spacious Sitting Room/ Dining & Patio Doors - Stairs and Landing to Upper Floor - Two Double Bedrooms - Family Bathroom - Private Rear Garden - Off Street Parking - EPC: D - Gas & Electrical Safety Certs

A well-presented two-bedroom mid-terrace property, conveniently located within easy reach of Hereford city centre, making it an attractive option for both residential buyers and property investors alike.

The accommodation comprises one reception room, a fitted kitchen, two bedrooms, and one bathroom, offering a practical and well-proportioned layout suited to a range of buyers.

The property is currently tenanted, generating a rental income of £750 per calendar month, with all tenant administration and statutory safety certificates fully up to date. Market rent for similar properties in the area is estimated to be closer to £850 per calendar month, presenting clear scope for future rental growth.

For investors, the sale offers a straightforward, ready-made investment opportunity. All tenant documentation will be handed over to the new owner free of charge, ensuring a smooth transition. Should the purchaser wish to retain Northwood as the managing agent, we are pleased to offer the first three months of full management completely free of charge.

Owner-occupiers will appreciate the property’s central location and traditional terrace layout, while investors will recognise the strong rental fundamentals and future potential.

Additional Information

• Current Rent: £750pcm
• Market Rent: £850pcm
• Freehold
• All Tenant Administration Current
• First 3 months of Management FREE - if offered to Northwood (current managing Agent)

 

SELLING? WE OFFER FREE MARKET APPRAISALS OR SALES ADVICE MEETINGS WITHOUT OBLIGATION. CONTACT NORTHWOOD ON 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. Tenure: Freehold,