6-bedroom house · HR4 0LD
Listing removedReduced £25k (−5.6%) on 20 JunListed 219 days
Opportunity summary
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About
Build Date: Victorian Approximate Area: 200 sq.m / 2156 sq.ft The property A substantial and highly spacious semi-detached Victorian home arranged over four floors, currently operating as a well-established six-bedroom House in Multiple Occupation (HMO).
The property is being sold with tenants in situ and provides an attractive investment opportunity, generating a current gross rental income of £43,620 per annum, representing a 9.69% yield.
The accommodation is generously proportioned throughout, with all six bedrooms comfortably accommodating double beds and each benefiting from its own private en-suite facility, a particularly appealing feature for tenants and investors alike.
The ground floor comprises a welcoming entrance hall giving access to a well-equipped kitchen/breakfast room, which in turn leads to a useful utility area.
Two of the six bedrooms are also positioned on this level.
From the hallway, stairs lead down to a converted cellar level, now utilised as a communal living area with additional storage, providing valuable shared space for occupants.
To the first floor are two further double bedrooms, one of which benefits from a dressing area.
The second floor offers the remaining two double bedrooms, continuing the theme of spacious, well-proportioned accommodation.
Externally, the property enjoys a pleasant rear garden, offering outdoor space for tenants. This is a ready-made investment property in a strong and consistent rental location.
Location The property is situated just half a mile west of Hereford city centre, within the highly sought-after and convenient Whitecross district.
Whitecross is well regarded for its excellent range of everyday amenities, all within easy reach.
These include a selection of shops, public houses, a doctor’s surgery, and primary school, making it a popular and practical location.
Hereford itself, set on the banks of the River Wye, is a vibrant cathedral city that blends historic character with modern convenience.
The city offers a wide range of shopping, dining and leisure facilities, alongside essential services including Hereford County Hospital and a railway station providing direct links to Worcester, Birmingham and beyond.
The proximity to the city centre, combined with strong local amenities, ensures continued rental demand in this area.
Current Monthly Rentals: Room 1- £600.00 Room 2- £610.00 Room 3- £710.00 Room 4- £560.00 Room 5- £560.00 Room 6 - £595.00 Important Information: Any purchaser will be responsible for ensuring compliance with all relevant HMO licensing and certification requirements with Herefordshire Council.
Andrew Morris Estate Agents are not the managing agents for the property. Buyers should carry out their own due diligence regarding licensing, tenancies and regulatory compliance.
Tenure: Freehold Council Tax: Band D (Herefordshire) Utilities & Services: Mains electricity, mains gas, mains water, mains drainage Parking: Street parking Restrictions/Notices: None we are aware of.
To View: Applicants may inspect the property by prior arrangement with Andrew Morris Estate Agents.
Anti-Money Laundering: Before a sale can be formally agreed, we are required by hmrc regulations to verify the identity of the seller(s) and buyer(s), and to obtain evidence of funding.
Referral Fees: We may receive a referral fee from third-party service providers, such as conveyancers, mortgage advisers, or surveyors, if you choose to use their services.
Where applicable, the identity of the supplier and the typical referral fee or range payable to us will be disclosed to you in writing.
Disclaimer: Andrew Morris Estate Agents Ltd has prepared these particulars with care.
We have relied upon the seller(s) for the verification of certain details, which should be confirmed by prospective buyers before any commitment to purchase.
Floorplans and measurements are approximate, not to scale, and provided for guidance only.
Energy Performance Certificate (EPC) ratings, Council Tax bands, and other key information are supplied from official records or the seller’s documentation.
Significant material information – such as tenure, service charges, ground rent, restrictive covenants, and utilities – is included within these particulars in line with current consumer protection regulations.
All parties are advised to carry out their own due diligence before entering into a legal commitment to purchase.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 94 Ryelands Street, Hereford
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