Summary - ALBANY LODGE, 74 BELMONT ROAD HEREFORD HR2 7JS
**Standout Features:**
- Detached freehold property with approved planning for conversion to 11 studio flats.
- Currently operating as a licensed 12-room HMO, generating a gross rental income of £55,820 per annum.
- Seven private bathrooms, ample off-street parking, and private garden space.
- Conveniently located just half a mile from Hereford city center, close to essential amenities and schools.
**Potential Concerns:**
- Neighborhood classified as transitional with above-average crime rates.
- Property may require renovations to meet modern living standards, depending on the conversion plans.
This is a unique investment opportunity for those looking to capitalize on rental potential in a prime location. Currently functioning as a House of Multiple Occupation, this property is set to transform into 11 stylish studio apartments, increasing its value and rental yield. With modern amenities nearby, including schools and leisure facilities, it’s ideal for both investors and future tenants.
Additionally, the substantial garden and parking space enhance its appeal, offering desirable features often lacking in densely built areas. However, potential buyers should consider the neighborhood’s economic profile and crime rates. This property balances immediate passive income with lucrative development opportunities—don't miss out on a chance to invest in an area with promising growth potential!
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