A BLOCK of apartments is up for sale in a Hereford street with a £3,000,000 price tag.

The properties, in Newtown Road, are on the market with The Good Estate Agent.

The agents said it is a fantastic opportunity for a property investor to add a new range of properties to their portfolio.

The block of homes is within walking distance of Hereford city centre and the city's various colleges, the agents said, suggesting that they would make great student accommodation.

Hereford Times: The garden of the property in Newtown RoadThe garden of the property in Newtown Road (Image: Zoopla/The Good Estate Agent)

An extensive plot of land which could offer further development opportunity is included in the sale, the agents said, while an additional plot of land across the road could be turned into a car park or used as a potential development plot, subject to permissions.


The Good Estate Agent said the investment property currently generates a combined income of £108,000 per annum, and has scope to increase the individual rents further due to them remaining static for some years.

At present the block is divided into 15 individual apartments, all of which are currently occupied, while a house of multiple occupation included contains five rentable rooms, four of which are occupied.

Floorplans and remote viewings are available on request to The Good Estate Agent.

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