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Highmore Street, Hereford HR4

West Midlands

£425,000
Listed on 25/04/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This parcel of development land offers a significant investment opportunity in the well-established residential area just north of Hereford City. With full planning permission already granted for the construction of five thoughtfully designed homes, the site is primed for builders and investors looking to make their mark. The approved plans feature a mix of 2-bed semis, 3-bed semis, and a detached 3-bed house, all designed with modern family living in mind. Each property will benefit from private gardens and allocated parking, catering to prospective buyers' needs in this popular location. Situated conveniently near local amenities such as shops and schools, this plot is also well connected by public transport to the city center. Essential services including mains water, electricity, drainage, and gas are easily accessible from the site, simplifying the development process. This presents a unique opportunity for those seeking to capitalize on a growing demand for residential housing in Hereford.

Investment Analysis

(HR4 area)
Area Average
£288/sq ft
Avg Rent (weekly)
£230
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (HR4)

Area prices are falling by -10.2% over the last 12 months
3 year growth: -9.6%
5 year growth: +4.9%
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

Highmore Street, Hereford HR4
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,516
Based on a loan of £318,750 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

This calculation uses non-residential (land/commercial) tax rates.

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