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Highmore Street, Hereford HR4

West Midlands

£399,950

Listed on 28/05/2026

Property details

Bedrooms
N/A
Type
Land

Description

This development land presents a noteworthy opportunity for investors or developers, boasting planning permission for the construction of five residential units in a well-established suburb of Hereford City. The planned layout includes two 2-bedroom semi-detached houses, two 3-bedroom semi-detached homes, and one 3-bedroom detached property, each offering private gardens and allocated parking spaces. Strategically located, the site enjoys proximity to local amenities such as shops and public transport links to Hereford city center, where further amenities await. Educational institutions are also easily accessible, catering to families seeking quality schooling options. The proposed designs feature modern layouts with open-plan living areas and ample natural light. Each dwelling is designed to meet contemporary lifestyle needs while providing outdoor space for relaxation. Utilities such as mains water, electricity, drainage, and gas connections are readily available nearby, simplifying the development process. This parcel of land offers an excellent investment avenue in a growing area of Hereford with a strong demand for new housing.

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Investment analysis

(HR4 area)
Area Average
£287/sq ft
Avg Rent (weekly)
£242
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £350,000
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

Highmore Street, Hereford HR4
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Mortgage calculator

£
£
£
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%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,511
Based on a loan of £299,962 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

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

Price History

-5.9% since listed
£399,950£25,050(-5.9%)
25/06/2026
Current price
£425,000Initial listing
24/03/2026

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