Portfolio of 3 Apartments & Landlord Quarters, Widemarsh Street, Hereford

Investment Opportunity
A converted period building with 3 apartments and landlords space | 2 x 2 bedrooms and 1 studio | Annual trading profit as Short Term Accommodation | Ideal investment for holiday rentals or Assured Shorthand Tenancies | Profits over 3 years of circa £100,000

Situated in the heart of the city centre with all its amenities on your doorstep. Hereford city centre offers a wealth of shops, independent restaurants, cafes and public houses and has expanded over the years with the development of the Old Market bringing a brand new cinema and shopping experience. The railway station provides major rail links and there are plenty of sports and leisure facilities available within the city limits. You are also well placed for the city bus station to make commuting out of town accessible.

History:
One of the best historic houses in Hereford - it was rediscovered about 23 years ago and there was quite a flurry of excitement at the time in conservation circles. A note about it was put in one of the Civic Trust Newsletters but with no historical detail. Not being on the street frontage it is difficult to place it in such things as the hearth tax and the later poll books. With such an excellent staircase it presumably belonged to a well-to-do trader. The Mansion House c.1695 across the road has a similar staircase and 29 Castle Street - now belonging to the Cathedral School - is believed to have one too. As the staircase has a closed string this makes it closer to 1700 than 1730 - houses in St Owen Street of c.1730 have open strings with slender balusters. The cross window is a good early feature too. All of which suggests the brickwork is c.1700 - a dusky colour, fired with Forest of Dean coal - like 29 Castle Street - the Council Minutes in 1699 refer to the pollution caused by early brick makers around the city who were benefiting from the Wye Navigation, which was opened in 1695. The brick makers were burning inferior coal in their clamps. The properties 2 - 5 High Town are a close knit group of historic structures of considerable interest and significance. Much is hidden from public view and at present only No. 3 is "Listed" although it is noted that Nos 1 - 3 form of group.

Description:
Apartment 1 (Duplex) has access from the Communal Entrance into the Ground Floor Lounge/Dining Room with stairs down to the Kitchen with modern fitted units, washing machine, Belfast sink, tiled splashback and inset oven with electric hob over. There are two bedrooms and Shower Room with walk-in shower, wc and vanity unit with shaver point. There are accents of the original features throughout and the property is neutrally decorated offering smart accommodation.

Apartment 2, located on the first floor, has an open plan Kitchen/Living Room. The Kitchen area has solid oak flooring, fitted cupboards, inset oven with electric hob over with extractor hood, tiled splashback, washing machine, Belfast sink, and standalone retro style fridge freezer. The Living Area has a wonderful brick fireplace (not in use). From the Living Area is access into the modern Shower Room with a walk-in shower, wc, towel rail and feature vanity unit with shaver point.

Apartment 3 (Duplex) located on the second and top floor. Entrance Hall with solid oak floor, two double bedrooms and modern Shower Room. Bedroom 1 has a fantastic feature of an exposed brick fireplace (not in use). The well-appointed Shower Room has a large walk-in shower with wc and vanity unit with shaver point. Stairs from the Hallway lead up to the Landing with study area and access into the large lounge/dining room with exposed stonework and timbers. The fitted kitchen has a standalone retro style fridge freezer, solid oak flooring, fitted cupboards, washing machine, Belfast sink, and inset electric oven with electric hob over. The exposed timbering and original features give much character throughout. All Shower Rooms benefit from WIFI controlled underfloor heating.

The Communal Entrance, with solid oak flooring, has a doorway into the unique designed Landlord’s Quarters offering sleeping and seating area, single sink and microwave, and modern shower room with walk-in shower, vanity unit and WC.