1-bedroom flat · HR1 2NP
Opportunity summary
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About
Forming part of this popular residential development on the side of the River Wye, within walking distance of the historic city and Cathedral, a spacious 1 bedroom, first floor apartment offering ideal first-time buyer/retirement accommodation.
The property, which is offered for sale with no onward chain, has the added benefit of a fitted kitchen with range of appliances, allocated parking, electric heating, a wealth of character and we recommend an internal inspection .
Property Description Wye Way, originally a Georgian hospital building dating back to 1766, was thoughtfully renovated by Liangs around 20 years ago and benefits from its own valuable parking space.
The apartment itself offers spacious open-plan living, combining character with modern convenience.
The apartment is described in further detail:- Communal Entrance Hall With communal stairs and lifts providing access to the first floor communal landing.
Reception Hall Accessed through a door directly off the landing and having fitted carpet, wall-mounted electric heater, store cupboard housing the hot water cylinder and door to the Living Room A light and airy room with a high ceiling, fitted carpet, 2 large sash windows providing ample natural light, 2 wall mounted electric heaters and open plan access to the Fitted Kitchen With a range of wall and base cupboards, ample work surfaces with splashbacks, Karndean flooring, under cupboard lighting, central spotlighting and a range of built in appliances including dishwasher, fridge/freezer, microwave, washing machine, single oven with 4 ring hob, splashback and cooker hood over.
Bedroom With fitted carpet, wall mounted electric heater, space for wardrobes and a large glazed sash window with blind.
Bathroom With suite comprising bath with shower over, glazed screen and tiled wall surround, low flush WC, pedestal wash hand basin with mirror, shaver socket and lighting over, ladder style towel rail/radiator, wall mounted heater and extractor fan.
Outside The property stands in well maintained communal gardens and has an allocated parking space. Property Services Mains water, electricity and drainage are connected. Electric heating.
Directions Proceed east through Hereford city along Blue School Street continuing into Bath Street and then just before reaching St Owen Street turn right at the lights into Green Street and then immediately right into Mill Street.
Continue into Mill Street and the Wye Way development is immediately ahead of you. Viewing Strictly by appointment through the Agent, Flint & Cook, Hereford .
Money Laundering Regulations Prospective purchasers will be asked to produce identification, address verification and proof of funds at the time of making an offer.
Opening Hours Monday - Friday9.00 am - 5.30 pm Saturday 9.00 am - 1.00 pm Outgoings Water and drainage rates are payable. Service charge £114.86 per month. Ground Rent £125 per annum.
Tenure & Possession Leasehold - vacant possession on completion. Lease 150 years commenced 2003 with 127 years remaining.
Residential Lettings & Property Management We operate a first class residential lettings and property management service, and are always looking for new landlords.
For further details please contact James Garibbo .
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About 11, Wye Way, Hereford
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