Summary -
1 Merchants House Rear of 6-8,Widemarsh Street,HEREFORD,HR4 9EW
HR4 9EW
**Standout Features:**
- Investment property with existing £80,000/year gross income potential as a holiday let
- Historic Georgian brick building with period features
- Currently features 3 well-appointed apartments (2 x 2-bedroom, 1 studio)
- Centrally located in Hereford with easy access to amenities, public transport, and entertainment
- Freehold tenure with renovation potential for additional income sources
**Concerns:**
- High crime rate in the area
- Limited outdoor space with no garden
- Area classification indicates some level of deprivation, potentially affecting long-term investment viability
Unlock a lucrative opportunity with this stunning Georgian house, boasting three separate apartments in the vibrant heart of Hereford. Currently producing an impressive gross income of £80,000 annually as a holiday rental, this freehold property is perfectly suited for investors looking to capitalize on the bustling tourism market. The historic charm is evident throughout, with high ceilings, exposed brickwork, and unique period features adding character and style.
However, it’s essential to consider the property’s location—set within a transitional Eastern European neighborhood alongside a higher crime rate and indicators of area deprivation. Although outdoor space is limited, the property offers unique renovation potential to enhance its appeal further. With an auction date on the horizon, don't miss this chance to capture a valuable asset that blends historical elegance with modern investment possibilities.
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