Gloucester Road, Ross On Wye, HR9

RARE INVESTMENT OPPORTUNITY -?A rare opportunity to acquire this well-located property at substantial discount due to a lifetime sitting tenant. With a vacant possession value of approximately ?375,000, this investment offers exceptional long-term capital growth potential for a patient buyer.? Victorian 3 double bedroom, two receptions mid-terraced property with sitting tenant paying rent of ?750 per month/ ?9,000 per annum

Guide Price: ?245,000 (Significantly Below Market Value)

?Key Investment Highlights:

• Current Price: ?245,000 - Reflecting the lifetime tenancy
• Market Value (Vacant Possession): Approx. ?375,000
• Current Rent: ?750 per month (?9,000 per annum)
• Tenant Tenure: Long-term resident of nearly 40 years with protected status
• Next Rent Review: February 2027
• Repossession: Not possible under current tenancy terms - Buyer must wait until the tenant vacates

Situated in the desirable market town of Ross-on-Wye, the property benefits from excellent transport links and strong local demand. This is an ideal acquisition for investors seeking a high-value asset at a reduced price, with significant future upside.

Front Door with Entrance Hallway - Sitting Room - Dining Room - Kitchen with Pantry and Utility Room - Stairs and Landing to Upper Floor - Three Double Bedrooms - Family Bathroom - Off Landing Walk in Wardrobe - Rear Garage - Private Rear Garden - Front Garden - Period Features Throughout

Agent Comment

This is a genuinely outstanding investment opportunity. It is rare large Victorian three bedroom properties of this style and quality come onto the market at a discount, given the sitting tenant. This family home is classic Victorian. There are period features throughout e.g. fire places in both the dining and sitting rooms, stair balustrades, cornices, windows and many other details. It is a very charming property. The garage is to the rear and easily fits a family sized car. Gardens are front and back and private. I really like the fact you can easily walk into Ross on Wye 1/4 mile down Gloucester Road. Once there you can enjoy the excellent variety of shops, cafes, restaurants and pubs, as well as antique stores and river walks.?

Additional Information

EPC: Currently "F" but in the process of being upgraded to "E" or above. The Owner has qualified for an Eco4 Grant to cover the energy rating upgrade which may include air source heat pump, floor and wall insulation and solar panels.?

Rent: ?750pcm (last increase Feb 2025). Next rent review Feb 2027

Tenant: Retired Husband and Wife

Tenancy Administration: In the process of ensuring all up to date and correct to include EICR (Electric), LRA (Legionella Risk Assessment), AST (Tenancy Agreement), EPC, Government Know How to Rent Guidance, Smoke and Carbon Monoxide Alarms.

Council: Herefordshire Council

SELLING? WE OFFER FREE MARKET APPRAISALS OR SALES ADVICE MEETINGS WITHOUT OBLIGATION. CONTACT NORTHWOOD ON 01989 764050 TO FIND OUT HOW OUR AWARD-WINNING SERVICE CAN GUIDE YOU ON THE BEST WAY TO SELL YOUR PROPERTY.

Stamp Duty: Ensure you understand your Stamp Duty and Land Tax (SDLT) obligations before making an offer.

Residential Properties: Stamp Duty applies to purchases over ?125,000 (standard threshold). First-time buyers benefit from an increased threshold of ?300,000, provided the property costs ?500,000 or less.

Additional Properties: If you're purchasing a second home or buy-to-let property, a 5% surcharge applies on top of standard rates.

We give notice that these particulars, although believed to be correct, do not constitute any part of an offer of contract, that all statements contained in these particulars as to this property are made without responsibility and are not to be relied upon as statements or representations of fact and that they do not make or give any representation or warranty whatsoever in relation to this property. Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. The agent has not tested any apparatus, equipment, fixture, fittings or services and so cannot verify that they are in working order or fit for their purpose, neither has the agent checked the legal documents to verify the freehold/leasehold status of the property. The buyer is advised to obtain verification from their solicitor or surveyor.

AML REGULATIONS To ensure compliance with the latest Anti Money Laundering Regulations all intending purchasers must produce identification documents prior to the issue of sale confirmation. To avoid delays in the buying process please provide the required documents as soon as possible. We may use an online service provider to also confirm your identity. A list of acceptable ID documents is available upon request.