4 Bed Flat, Single Let, Leominster, HR6 8BS, £240,000

Broad Street, Leominster, Herefordshire, HR6 8BS - 1 views - 2 months ago

BTL
~129 m²
+8 photos

Valuation

Sold PricesNo enough data locally

 

 

Square Metres

~129.26 m²

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Total Cash In

£73,200

 

 

Cash Out

 

Rent Range

£375 - £2,500

Rent Estimate

£475

Running Costs/mo

£865

Cashflow/mo

£-390

Cashflow/yr

£-4,680

Gross Yield

2%

Local Sold Prices

Not enough data

Local Rents

31 rents from £375/mo to £2.5K/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£60005/240.02 miChurch Street, Leominster2
£52507/230.02 mi-1
£47507/230.02 mi-1
£99505/240.04 miBurgess Street, Leominster3
£52506/240.06 mi21, High Street, Leominster2
£1,10007/230.11 mi-3
£80009/240.11 mi-2
£65004/240.13 mi-2
£67503/240.13 mi-2
£75005/240.14 miSouth Street, Leominster, HR62
£37506/230.14 mi-1
£60011/230.14 mi-1
£49506/230.17 mi-1
£52503/240.18 mi-1
£47504/240.18 mi-1
£55004/250.18 mi-1
£47502/240.18 mi-1
£1,10008/230.22 mi-3
£75004/240.36 miCaswell Road, Leominster3
£1,25006/240.4 miGreen Lane, Leominster3
£62512/240.42 mi-1
£85002/240.59 mi-2
£1,25004/240.73 miNorth Road, Leominster3
£1,30004/240.79 mi-4
£62502/240.8 mi-1
£62502/240.8 mi-1
£1,30011/240.91 mi-3
£85004/241 miStoke Prior Lane, Leominster2
£70004/241.08 miBlanchard Close, Leominster2
£80005/241.87 miKimbolton, Leominster3
£2,50003/241.97 miGoldings, Old Hop Yard, Brierley, HR6 0RN3

Local Area Statistics

Population in HR6

20,507

Population in Leominster

20,525

Town centre distance

0.37 miles away

Nearest school

0.30 miles away

Nearest train station

0.43 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Buyer's market

Capital growth (5yrs)

+36%

Property History

Listed for £240,000

February 20, 2025

Floor Plans

Description

  • Handsome Listed Building +
  • 4 Separate Apartments +
  • All Currently Let +
  • Ideal Investment Opportunity +
  • Prominent Position +
  • AST Agreements in Place +
  • Freehold +
  • Agents Recommend Viewing +

Flats 1-4, 10-12 Broad Street is a handsome Grade II Listed property which is being offered for sale as 4 apartments and would make an ideal investment. The property is located in the very popular Broad Street area of Leominster, and is set over 2 floors and offers character and space in abundance. It enjoys a prominent position within the popular market town of Leominster, which offers a wide range of facilities to includes, individual shops, cafes, pubs a weekly market in the town square, swimming pool, leisure centre, schools and good road and rail links to Hereford and Worcester and Shrewsbury.

The building is accessed via a door onto Broad Street, giving separate access to 4 apartments. All apartments are let on AST (Assured Shorthold Tenancies) agreements with an approximate return on asking price of 10% per annum. The flats are laid out with accommodation of Lounge/Kitchen, Separate Bedrooms and Separate Bathrooms. All are in good order throughout and have been continually occupied. Full details of the building along with lease information and annual rental yields are available to serious buyers upon request to the agents.

In summary a fantastic opportunity to acquire a block of character apartments in a desirable area of Leominster, set on Broad Street which is famed as an antique centre, with numerous antique centres and curiosity shops, which ensures good all round occupancy for both the commercial and the residential units. This offers the buyers or potential property investors the ability to achieve a good annual yield, having 4 units contained within one well cared for property. The agents therefore recommend early inspection to appreciate the opportunity on offer.

Directions - The property is located on Broad Street, Leominster.

Services - We understand that all mains services are connected.

Local Authority - Herefordshire Council. Flats individually banded as band A.

EPC - The flats are all rated as Band E (Valid EPC until 2026)

Agent Details

Lee Anderson Property, Leominster

01568 605224

Next Steps?

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