Summary -
1 Merchants House Rear of 6-8,Widemarsh Street,HEREFORD,HR4 9EW
HR4 9EW
5 bed 4 bath Flat
Three apartments plus landlord suite with proven short‑term income potential.
Freehold Georgian building circa 1700, c.1,833 sq ft total
A rare freehold investment in the heart of Hereford city centre, Merchants House is a converted Georgian building currently arranged as three self-contained units plus a landlord’s room. The property totals about 1,833 sq ft and has historically traded as short‑term accommodation, generating approximately £80,000 per annum (gross). Modern touches such as Wi‑Fi controlled underfloor heating and solid oak flooring sit alongside exposed brickwork, original staircases and high ceilings that give the building strong period character.
This sale is being conducted at auction and the building will be sold vacant, so the incoming owner should budget for re‑letting or repositioning the accommodation before income resumes. The property carries a listed/grouped historic status which may restrict alterations and could complicate refurbishment plans; check the legal pack for exact constraints and obligations. There is limited external space and no garden, and communal access is via a historic courtyard and rear alleyway.
Location is central with immediate access to shops, restaurants, the bus and rail stations and local amenities—appealing for short‑term lets or city‑centre long‑term lets. However, the immediate neighbourhood is classified as deprived with very high crime levels; factor this into management plans, insurance and lettings strategy. Broadband speeds are average, mobile signal is excellent, and utilities include modern convenience features.
Overall this is a clearly defined investor opportunity: substantial historic character, proven short‑term trading performance, and scope to maintain or alter the model subject to listed status. It suits a buyer experienced in managing central‑city rentals or holiday‑let portfolios and prepared for auction purchase conditions and the work of reintroducing occupancy.
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