WIDEMARSH STREET, HEREFORD

£699,950

Guide price

Trivett Hicks is pleased to offer this is a very exiting opportunity for BTL investors to purchase a block of four very unusual terrace houses and potentially to increase rental yield. 2 NEWTOWN RD, 173, 175, & 177 WIDEMARSH STREET offering very spacious accommodation on three floors only 0.5 miles from Hereford City Centre. Each property has gas central heating and provides a large living room with dining area, kitchen, two double bedrooms, cloakroom/wc, full bathroom and basement storage rooms with access leading out to gardens at the rear.

There is expired planning permission for the conversion of these four houses into eight flats with separate expired planning permission to create a car park in the rear gardens with eight parking spaces. Full vacant possession on completion or three properties could be sold with tenants in situ with the one property vacant and available to view now. The application code for this is as follows . .

Planning Permission Application Code : CE2000/0135/F - Car parking For 8 Cars.

Planning Permission Application Code : DCCE2003/3261/F - Conversion Of Four Houses In To Eight Flats.

Copies of the above Expired Planning Permission to create Provision Of Vehicle Access And Car Parking For Eight Cars at 2 Newtown Rd & 173 -177 Widemarsh street together with Expired Planning Permission for the conversion of four houses in to eight flats are available to view through the Herefordshire council Planning Dept.

We have been advised that the four properties were achieving a total of approximately £3200 PCM which offers a great return but there is considerable scope to further enhance the income even with the current four property layout. There is of coase huge potential to in significantly increase the rental yield by converting the four houses in to eight flats subject to planning approval which will also benefit from a re sale prospective. One property is currently vacant.