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Widemarsh Street, Hereford, HR4

West Midlands

£600,000

Listed on 16/07/2026

Property details

Bedrooms
8
Type
Terraced House
Area
1108 sqft

Description

This property presents a noteworthy investment opportunity with a portfolio comprising four two-bedroom terrace houses. Each home boasts its own garden and gas central heating, making them attractive for rental potential. Previously tenanted, they possess inherent value for those looking to enter the buy-to-let market. Notably, there is expired planning permission available to convert these houses into eight flats, as well as an option to develop a car park with eight spaces in the rear gardens. These features enhance the renovation prospects significantly, offering multiple avenues for maximising return on investment. The properties are conveniently located just off Edgar Street, providing easy access to Hereford's city centre amenities, including shops, hospitals, and public transport links.

Investment analysis

(HR4 area)

Above Market Value

This property is priced +88.6% above area average per sq ft

+88.6%
This Property
£542/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£242
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£349,917
10% above area average per sq ft
Potential ROI
-58.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (HR4)

Area prices are falling by -7.5% over the last 12 months
3 year growth: -7.9%
5 year growth: +6.0%
Investment Disclaimer: Analysis based on HR4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Widemarsh Street, Hereford, HR4
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,267
Based on a loan of £450,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

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