Cider Press Drive, Saxon Gate, Hereford, HR2

 **NO ONWARD CHAIN** A spacious one-bedroom second-floor apartment in the popular Saxon Gate development, ideal for first-time buyers or investors. Currently let at £735 pcm (7.1% gross yield) with all tenancy administration up to date. 134-year lease, annual service charge £2,549, allocated parking and just one mile from Hereford city centre, cafés, bars and riverside walks.

NOTE: The photos used are digitally enhanced for marketing purposes and may not fully reflect the tenants current presentation of the property.

A Spacious One Bedroom Apartment in Popular Saxon Gate – Ideal First Home or Buy-to-Let Investment

Situated within the popular and relatively modern Saxon Gate development, this well-presented second-floor apartment enjoys a quiet, leafy setting just one mile from Hereford city centre, with its Cathedral, riverside walks, shops, cafés, bars and excellent amenities.

Perfect for first-time buyers seeking low-maintenance living, the property offers a spacious and light-filled living and dining room with an open-plan fully fitted kitchen, a generous double bedroom, a family-sized bathroom with shower, and a welcoming entrance hall providing useful storage space.

The apartment benefits from allocated parking for one vehicle together with ample on-street parking nearby.

For investors, the property is currently let and generating a rental income of £735 per calendar month, representing an attractive gross yield of approximately 7.1%. All tenancy administration is fully up to date and compliant with current legal requirements.

With a long remaining lease and an excellent location close to Hereford city centre, this property represents an excellent opportunity for both owner occupiers and buy-to-let investors alike.

Additional Information

• Spacious second-floor apartment
• One double bedroom
• Open-plan living and dining room
• Fully fitted kitchen
• Family bathroom with shower
• Allocated parking space
• Popular Saxon Gate development
• Approximately one mile from Hereford city centre
• Ideal first-time purchase
• Tenant currently in situ
• Current rent: £735 pcm
• Approximate gross yield: 7.1%
• Lease length remaining: 134 years
• Annual service charge: £2,549
• All tenancy administration up to date and legally compliant

 Viewing

Early viewing is highly recommended to appreciate the accommodation, location and versatility this attractive apartment has to offer.

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,