Broad Street, Hereford, HR4

**INVESTOR OPPORTUNITY** - A superb opportunity to acquire three fully tenanted, high-spec apartments in a Grade II listed building adjacent to Hereford Cathedral. Generating £2,980 pcm (£35,760 pa), offering a strong 7.15% yield. Stylish interiors with modern kitchens, two bathrooms per flat, and central location close to shops, restaurants and employers. Turnkey investment with all compliance up to date and optional management in place

An exceptional opportunity to acquire a fully tenanted block of three beautifully converted apartments (within a block of 4), ideally positioned in the very heart of Hereford, immediately adjacent to the iconic Cathedral and just moments from the city’s vibrant shopping lanes.

Cathedral View comprises three stylish, high-specification apartments set within an attractive Grade II listed period building, combining character features with contemporary living. Each apartment benefits from modern fitted kitchens, two bathrooms, and well-designed accommodation throughout. Flats Three and Four are particularly striking, featuring spiral staircases leading to impressive upper-level double bedrooms, adding both character and strong tenant appeal.

Investment Overview

• Asking Price: £500,000

• Flat One Rent: £1,090 pcm (single level apartment - 101m2)

• Flat Three Rent: £930 pcm (maisonette apartment - 68m2)

• Flat Four Rent: £960 pcm (maisonette apartment - 86m2)

Total Monthly Income: £2,980

Total Annual Income: £35,760

Gross Yield: 7.15%

Leasehold: 250 years from 2020

SHARE OF FREEHOLD INCLUDED

Service Fees: £30 per month - per property (covers communal area cleaning, fire alarm testing and inspections - does NOT include building insurance and maintenance)

This represents a strong yield in comparison to the local Hereford market, particularly for a fully let, centrally located, high-specification block with no immediate capital expenditure required.

Location

Situated in an unrivalled central position, Cathedral View enjoys immediate proximity to Hereford Cathedral, with cafés, restaurants, bars, independent shops and cultural attractions all on the doorstep. The location also offers easy walking access to major employers, making these apartments consistently desirable to professional tenants.

Tenancy & Management - All three apartments are:

• Fully tenanted

• Generating immediate income from day one

• With all compliance documentation up to date (Gas, EICR, EPC, etc.)

The block will be handed over with no administration costs relating to existing tenancies.

For investors seeking a hands-off approach, Northwood can continue management seamlessly, with:

• No setup or transfer fees

• First 3 months management free of charge

Summary

A rare opportunity to acquire a turnkey, income-producing investment in one of Hereford’s most sought-after central locations. Combining strong yields, high-quality accommodation, and long-term tenant demand, Cathedral View is ideally suited to both seasoned and first-time investors.

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: Leasehold, Service charge description: Includes communal area cleaning, fire alarm tests and inspections - does NOT include buildings insurance or maintenance, Length of lease (remaining): 243 years 10 months,