Penthouse apartment with high ceilings and substantial character features
This substantial penthouse apartment occupies approximately 1,562 sqft in the centre of Hereford, offering spectacular city views, high ceilings and many original Victorian character features. The property is arranged over multiple levels with an open-plan reception/kitchen, three bedrooms and three bathrooms — a flexible layout that suits sharers, short-term lettings or a family seeking central living with space.
Important sale conditions and lease details affect suitability. The flat is being sold at auction with immediate exchange of contracts and a 5% non-refundable deposit; a reservation fee of 5% + VAT (minimum £6,000 inc. VAT) also applies. The lease has 77 years remaining; this materially restricts mortgage availability and means buyers should be prepared to fund the purchase with cash or specialist lending, or factor in the cost of a lease extension.
Practical positives include off-street parking, mains gas underfloor heating, double glazing, and a below-average service charge. Downsides to note: the area records very high crime and higher deprivation than average, the building is Victorian solid-brick (likely uninsulated), and some buyers may need to carry out thermal and acoustic improvements or general refurbishment to modernise the space.
This lot will suit a cash buyer or investor familiar with auction purchase terms and willing to manage leasehold and refurbishment considerations. Read the legal pack carefully and budget for buyer fees, potential lease-extension costs, and any renovation required to maximise rental or resale value.