Red Norman Rise, Holmer, Hereford. HR1

£275,000

Guide price

  • Bedrooms: 6
*** INVESTOR OPPORTUNITY*** Superb 6 bed, very well managed 3 storey modern town house HMO, fully tenanted, with License and all relevant certification **GROSS YIELD of 9.7%** - SOLD with tenants in-situ. FULL MANAGEMENT AVAILABLE. **NO ONWARD CHAIN**

Entrance Hall Kitchen/Dining Room Downstairs WC 4 Double Bedrooms; 1 with En-suite Shower 2 Single Bedrooms Bathroom A/C Storage Detached Garage Off-Road Parking Rear Garden

-- NOTE: New Boiler installed end 2020 --

A very profitable and well managed 6 room HMO, being fully tenanted offering a YIELD of 9.7% - currently all rooms occupied and can be sold with all rooms occupied. The property complies with all Herefordshire Council HMO regulations and is fully Licensed. All relevant Gas Safety, Electrical Condition, Legionella and Energy efficiency certification passed and available. In very good interior condition and still under Developers Warranty (expires 2025) - complete maintenance and tenant history available displaying low cost of operating. The property is currently Fully Managed by a Local Lettings Agency willing to continue management after Completion. The property can also be passed onto a new Lettings Agent or Buyer with no administration cost to do so.

This property is a superb Investment opportunity for a portfolio landlord or a “first time to market” landlord.

Property Overview:

Entrance Hall & WC Entering the property onto old effect laminate flooring, there is space on the right for hanging coats, whilst to the left is the downstairs WC with fitted alarm system control panel.

Kitchen/Dining Room The spacious Kitchen/Dining Room serves as an ideal communal area for tenants and includes a fully fitted modern Kitchen, with cream shaker units and wood effect laminate counter tops. Integrated are fridge/freezer, gas hob, electric oven, stainless-steel extractor fan hood, splash back, sink & a half with drainer, and full-size dishwasher. 2 sets of glazed double doors lead out to the rear garden.

Bedrooms 1, 2, 3 & 6 All 4 Bedrooms are well proportioned doubles with fitted carpets. Bedroom 3 on the first floor includes both an En-suite shower room and built-in storage with floor to ceiling mirrored sliding door.

Bedrooms 4 & 5 Two further carpeted bedrooms located on the 2nd floor, both with rear aspect views across the rear garden.

Bathroom A fully fitted modern Bathroom suite, fitted in floor to ceiling peach tiles, bath/shower with chrome thermostatic shower, low flush WC and basin.

Outside

Beyond the Kitchen, the rear garden is securely fenced and has a small patio area. The remainder is laid to lawn, with a gate leading out towards the detached Garage, which has an off-road parking space in front.

Additional Information:

Herefordshire Council Tax Band 'D' - £1,605 (2020/2021)

Gas Central Heating & Double Glazed Throughout

All Mains Services

FTTC Fibre Broadband Available

We give notice that these particulars, although believed to be correct, do not constitute any part of an offer of contract, that all statements contained in these particulars as to this property are made without responsibility and are not to be relied upon as statements or representations of fact and that they do not make or give any representation or warranty whatsoever in relation to this property. Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. The agent has not tested any apparatus, equipment, fixture, fittings or services and so cannot verify that they are in working order or fit for their purpose, neither has the agent checked the legal documents to verify the freehold/leasehold status of the property. The buyer is advised to obtain verification from their solicitor or surveyor.

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Northwood - Hereford

42 Bridge Street, Hereford

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