HEREFORD PROPERTY SOURCING
Do you want to find great property investment opportunities in the Hereford area?
HEREFORD PROPERTY SOURCING
Do you want to find great property investment opportunities in the Hereford area?
Discounted property with high yields
Transparent & honest throughout the process
We’re property experts with years of experience
Investment opportunities tailored to your requirements
SHOULD YOU INVEST IN HEREFORD?
Hereford is a cathedral city with a relatively small population. The city itself is the commercial and business hub of the wider county of Herefordshire, it’s connected by the M50, A49, A465, and A438 as well as having rail links to Birmingham New Street, Manchester Picadilly, Swansea, Cardiff, and London Paddington.
It’s known mostly for its agriculture, food production, and other manufacturing services but it also has a busy tourism industry with it being a historical city of interest.
Although it doesn’t have a University currently, there are plans to set one up so student accommodation could be of interest in future years.
INVEST OPPORTUNITIES IN HEREFORD
Although a smaller city, Hereford is still a place of interest for potential investors, there are lots of different investment opportunities available in the area – here are just a few:
- Buy To Let (BTL)
- HMOs (Houses of Multiple Occupation)
- Below Market Value Deals (BMV)
- Renovation Property
- Student Property
DOES HEREFORD HAVE GOOD YIELDS?
The rental yield as an average in Hereford is ok, sitting at 3.71% which is based on Rightmove 2020 average house price figures of £234,579 and an average rental figure on Home.co.uk of £726pcm.
This isn’t the only thing you should look at, the opportunity for capital growth is also good with the average sold house price according to Rightmove being up 6% 2020 vs 2019, and 8% up on 2018’s peak.
POPULAR BUY TO LET OPTIONS
These tend to be normal residential houses, 2 to 3 bedrooms terrace, semi-detached, detached or flats.
They are houses that are suitable for the average renter and are sometimes known as vanilla buy to let properties.
A House of Multiple Occupancy (HMO) is a rented property occupied by at least three people who are not from one household or five or more people, forming two or more households.
This type of Buy To Let is a freehold block which offers multiple, separate or independent residential units.
This can be a variety of different types of property such as blocks of flats or houses converted into flats.
This is very similar to HMO’s and even are often referred to as non-licensable HMO’s.
They have many characteristics of a typical HMO but don’t require the licence, but they may still require planning permission from your local authority.
As the name describes, this is a commercial premises and it is when you let the property out to one or more businesses.
It’s often referred to as Commercial Landlord Mortgage, Business Buy To Let Mortgage or Commercial Investment Mortage.
HEREFORD HOUSE PRICES
Using the statistics on Rightmove you can clearly see that Hereford that the housing market is positive.
The sold house prices in the area according to Rightmove are on the up, with a 6% increase year on year in 2020 and 8% up on the peak of 2018.
Meaning in just two years the house price as an average has gone from £216,948 to £234,579.
HEREFORD AREAS TO INVEST IN
Hereford has a lot to offer investors, and there are lots of different areas amongst the city that appeal to different kinds of investors.
If you’re interested in investing in the Hereford area, but aren’t quite sure in which particular village to put your money, here are some of our most popular investor locations:
Belmont
Bullingham
Burcott
Clehonger
Eign Hill
Warham
White Cross
Green Crize
Hagley
Holmer
Huntington
Munstone
Widemarsh
Redhill
Rotherwas
Shelwick
Tupsley
FREQUENTLY ASKED QUESTIONS
Do you have an additional question about investing that we’ve not answered?
We’ve pulled together some of the most common queries we get and answered them for you below:
Well it really depends on when you ask! We get investment opportunities of all shapes and sizes, from small one bedroom flats to large detached homes.
It really depends on what you are looking for. It’s a good option for a few investors, particularly those looking more towards capital gains, however if yield is more your focus there might be better areas. We’re happy to talk through your options, just get in touch!
This is a question we get a lot, is now the right time? Well, in our opinion there isn’t really a bad time to invest, as long as you hold the property for a good period of time the chances are the value will increase.
FREQUENTLY ASKED QUESTIONS
Do you have an additional question about investing that we’ve not answered?
We’ve pulled together some of the most common queries we get and answered them for you below:
Well it really depends on when you ask! We get investment opportunities of all shapes and sizes, from small one bedroom flats to large detached homes.
It really depends on what you are looking for. It’s a good option for a few investors, particularly those looking more towards capital gains, however if yield is more your focus there might be better areas. We’re happy to talk through your options, just get in touch!
This is a question we get a lot, is now the right time? Well, in our opinion there isn’t really a bad time to invest, as long as you hold the property for a good period of time the chances are the value will increase.
WHY INVEST WITH US?
We would like to think it’s because we’re property experts and know what we’re talking about! Although that’s the truth, the main reason is that we have an edge over the competition. We’re actually part of a group of companies that includes a cash property buyer, so we get direct access to vendors looking to sell their houses quickly at a discounted rate.
We can pass a lot of these deals on to you in return for a speedy sale and not having to go on the open market.
We also want to ensure it’s a good deal that will work for you personally because we want to be the first name that you think of when you come to expand your property portfolio.
WHY INVEST WITH US?
We would like to think it’s because we’re property experts and know what we’re talking about! Although that’s the truth, the main reason is that we have an edge over the competition. We’re actually part of a group of companies that includes a cash property buyer, so we get direct access to vendors looking to sell their houses quickly at a discounted rate.
We can pass a lot of these deals on to you in return for a speedy sale and not having to go on the open market.
We also want to ensure it’s a good deal that will work for you personally because we want to be the first name that you think of when you come to expand your property portfolio.
