2-bedroom flat · HR1 2NP
Listing removedListed 111 days · slow let
Opportunity summary
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About
* this property is now let agreed* Please Do Contact Our Office With Your Search Criteria And Our Team Will Be Happy To Advise Of Any Other Available Property * The Property A first floor apartment with accommodation of entrance hallway, open plan kitchen/sitting room, two bedrooms and a bathroom.
The apartment is located within the popular Wye Way building overlooking the river. The entrance door opens into a hallway with doors off and storage cupboard housing hot water tank.
The open plan kitchen/ sitting room has sash style windows with secondary glazing to side with views over the grounds and towards the river.
The sitting room area has space for furnishings tv point, telephone point and wall mounted panel heater.
The kitchen offers a selection of base and wall mounted cabinets, sink, 4x ring electric hob and integrated appliances to include electric oven, fridge and freezer unit, microwave and washing machine.
There is also splashback wall tiling, extractor fan and vinyl flooring.
There are two good sized bedrooms a bathroom offering a panelling enclosed bath with shower over, WC, pedestal wash hand basin, wall mounted heated towel rail, shave point, splashback wall tiling, vinyl flooring and extractor fan.
Outside tenants can enjoy the communal gardens and river outlooks. There is also one allocated parking space available with the apartment.
Affordability And Household Income To qualify for the income requirements when applying for this property our referencing company require proof of a minimum household income of £27,000.00 Should a guarantor be required to support an application, an income of £32,400.00 would be required.
Services And Expenditure Services - Mains electricity, drainage and water. Wall mounted panel heaters. Hereford County Council - Tax - Band C Broadband Connectivity - 8000Mbps Download.
8000Mbps Upload - Ultrafast - Source Ofcom
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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.
Area
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FAQ
About 30, Wye Way, Hereford
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