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St. Owen Street, Hereford, HR1 5 bed terraced house for sale
St. Owen Street, Hereford, HR1
£300,000
St. Owen Street, Hereford, HR1
£300,000
Our Summary
- There is potential to increase income by converting the current living room into a sixth bedroom, subject to ensuring ongoing compliance with HMO regulations
Description
This spacious four-story home is currently operating as a five-bedroom House in Multiple Occupation (HMO) and is generating a gross annual income of approximately £34,620, offering a gross annual yield of 11.54%. The property has a full HMO licence and meets all necessary licensing regulations. The home features a front living room, kitchen, utility room, three bathrooms, and a rear garden, with potential to increase income by converting the current living room into a sixth bedroom. Situated in a popular and convenient residential area on the eastern fringe of Hereford city centre, the property offers easy access to local amenities, including Hereford County Hospital, the college and university campus, and the train station. With a rental breakdown of £575-£585 per room, the property is a great investment opportunity for those looking to generate a steady income.