6 – 8 Widemarsh Street, Hereford
- Renovated Grade II Listed Building
- Formerly a Forgotten Property, History Dates back to c.1700
- Potential Rental Income of Approx £26,000 Per Annum
- 3 Self-Contained Apartments & Landlord's Quarters
- Accommodation over 5 Floors
- Retained Period Features
- Newly Re-built Clay Tile Roof
- WIFI Controlled Underfloor Heating in Shower Rooms
Property SummaryThis property is for sale by the modern method of auction, starting bid £350,000 plus reservation fee.
Here we are offering a historic building for sale which has been lovingly restored and brought back to life. Once a forgotten house, it is now 3 self contained apartments and Landlord space, offering low maintenance living in the heart of the city centre. Viewing highly recommended.
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.
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.
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 with inset electric 'wood burner style' stove.
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 with inset electric 'wood burner style' stove. 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.
Potential Rental Income
Apartment 1: a rental income of approximately £595.00 pcm
Apartment 2: a rental income of approximately £475.00 pcm
Apartment 3: a rental income of approximately £675.00 pcm
Landlord's Quarters: a rental income of approximately £400 pcm
Total Potential Income: £25,740 pa
All mains services are connected.
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £220.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Strictly by appointment. Please contact the agents on 01432 344779 before travelling to check viewing arrangements and availability.
The property is located off Widemarsh Street in Hereford City via a pedestrian right of way next to Henryka (jewelers) and the property is found through a door on the right hand side.
for themselves and the vendors of the property, whose agents they are, give notice that these particulars, although believed to be correct, do not constitute any part of an offer of contract, that all statements contained in these particulars as to this property are made without responsibility and are not to be relied upon as statements or representations of fact and that they do not make or give any representation or warranty whatsoever in relation to this property. Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
The agent has not tested any apparatus, equipment, fixture, fittings or services and so cannot verify that they are in working order or fit for their purpose, neither has the agent checked the legal documents to verify the freehold/leasehold status of the property. The buyer is advised to obtain verification from their solicitor or surveyor.