Cider Press Drive, Saxon Gate, Hereford, HR2

INVESTOR OPPORTUNITY – Modern two double bedroom apartment with tenant in situ producing £925 pcm (6.9% yield). A turnkey investment with all tenancy administration fully up to date and legally compliant. Long 134-year lease, annual service charge £2,549 and no ground rent. Allocated parking and a popular Saxon Gate location just one mile from Hereford city centre.

INVESTMENT OPPORTUNITY – TENANT IN SITU – APPROXIMATE 6.6% YIELD

An excellent opportunity to acquire a modern two-bedroom second-floor apartment with a long-term tenant already in place, generating a current rental income of £925 per calendar month and offering an attractive yield of approximately 6.9%.

Situated within the popular and relatively new Saxon Gate development, this well-presented apartment enjoys a quiet, leafy setting whilst being just one mile from Hereford city centre, with its cathedral, river walks, shopping, restaurants, cafés and excellent amenities.

The accommodation comprises a generous entrance hallway leading to two good-sized double bedrooms and a family bathroom fitted with a shower. At the heart of the property is a modern fully fitted kitchen which opens into a particularly spacious lounge and dining area, creating an attractive open-plan living space flooded with natural light.

The property benefits from allocated off-road parking for one vehicle, together with ample on-street parking available nearby.

Offered with tenant in situ, this represents a genuine turnkey investment with all tenancy administration up to date and fully compliant with current legal requirements, enabling a purchaser to benefit from immediate rental income from completion.

Additional Information:

• Tenant in situ
• Current rent: £925 PCM
• Approximate Yield of 6.9%
• Two double bedrooms
• Spacious open-plan kitchen, lounge and dining room
• Modern bathroom with shower
• Allocated parking space
• Popular Saxon Gate development
• Quiet leafy position
• Approximately one mile from Hereford city centre
• Lease length remaining: 134 years
• Annual service charge: £2,549
• No ground rent payable

Viewing

An ideal addition to a buy-to-let portfolio, this low-maintenance apartment offers immediate income, strong tenant security and an excellent location close to Hereford city centre.

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 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. Tenure: Leasehold, Length of lease (remaining): 133 years 6 months,