Summary - Flat 2, 6, Bewell Street HR4 0AH
Chain-free; vetted tenant in situ with rental income (7.1% gross)
A spacious two-bedroom first-floor apartment forming part of a Grade II listed Georgian building in the heart of Hereford. With 1,055 sq ft of accommodation and an open-plan kitchen/living area, it presents immediate rental income with a vetted tenant in place and a quoted 7.1% gross return — an attractive, chain-free investment for a buy-to-let portfolio.
The property is leasehold with 125 years remaining, low annual ground rent (£50) and a variable service charge (25% contribution to retained parts plus 50% of common parts). Practical drawbacks include listed-status restrictions that may limit alterations, electric wall heaters and presumed solid brick walls with no insulation, and an EPC rating of D. There is no on-site parking, though public and council car parks are within walking distance.
City-centre living brings convenience and strong rental demand, particularly given the nearby amenities, shops and transport links. Broadband is average and mobile signal is excellent. Note the local area experiences very high crime rates and some local deprivation — factors to consider for long-term tenant appeal and insurance costs.
Overall this is a clear, hands-on investment: good size and central location with immediate income, but with listed-building constraints, basic electric heating and potential maintenance and energy-efficiency costs to budget for.
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