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86 St Owen Street, Hereford

West Midlands

£125,000
Listed on 14/05/2026

Property Details

Bedrooms
4
Type
Character Property
Area
701 sqft

Description

This distinctive freehold office property presents an exciting opportunity for potential investors and developers looking to capitalize on its prime location near Hereford city centre. Situated on the southern side of St Owen Street, opposite an undergoing construction site for a fire station and close to established businesses such as John Wood Tyres and The Victory Public House, this property is surrounded by a mix of residential and commercial premises, which could enhance its appeal for various alternative uses or redevelopment (subject to planning permissions). The semi-detached two-storey structure features traditional load-bearing brickwork with both pitched slate and flat-roof sections. The layout includes a ground floor reception area, office space, staff area, and WC facilities, along with a sizable upper-floor office and storage room. While the property is equipped with night-storage heating, it requires some upgrading to maximize its potential. The rear garden area offers additional outdoor space, complemented by a concrete forecourt at the front, suitable for parking or further development opportunities.

Investment Analysis

(HR1 area)

Below Market Value

This property is priced -39.5% below area average per sq ft

-39.5%
Potential saving
This Property
£178/sq ft
Area Average
£295/sq ft
Avg Rent (weekly)
£254
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£227,320
10% above area average per sq ft
Potential ROI
+37.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (HR1)

Area prices are falling by -6.1% over the last 12 months
3 year growth: -1.4%
5 year growth: +6.1%
Investment Disclaimer: Analysis based on HR1 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

86 St Owen Street, Hereford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£446
Based on a loan of £93,750 over 30 years at 3.97% 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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