5 CANON PYON ROAD

Hereford, Herefordshire

Guide Price:

£350,000

  • Attractive residential area

  • Easy access to the city and amenities

  • Substantial property

  • Off road parking

  • Income generated

  • Double garage

Bedrooms

6

Bathrooms

3

Reception rooms

2

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Property Description

This substantial, 6 bedroom HMO is sat on the edge of Hereford City. Located in an attractive residential area this star of a property is hidden from view by its mature hedge and driveway.


The occupants have been residents for many years and have provided a reliable income for the current owner. The sale of this property provides the opportunity for a new landlord to take over a substantial annual income.


The property is spacious with a large reception hall and landing, kitchen/ dining area, sitting room, utility room with access to rear garden, three further ground floor rooms and conservatory. Upstairs, you will find a family bathroom, large bedroom with en suite and additional further bedrooms.


There is further potential with this property to add an additional bedsit in the main house and further convert the garage into 2 self-contained apartments - making a total of 9 bedsits.


Outside: the driveway leads up to a double garage and off-road parking. Good-sized gardens wrap to the side and the rear of the property and include a large patio area and ornamental pond.


The Area: The location is within easy access to Hereford town and the nearby supermarket is a short walk away. As this property sits on the edge of town, open countryside is not far away.


The scale of this property presents an opportunity to reconfigure both for rental or to possibly repurpose into a large family home.


Method of Sale:


This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.


This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.


The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.


This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.


The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.


Referral Arrangements:


The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Magi's Comments

"A great second income or family home."

Directions 

From the Whitecross roundabout in Hereford, head north on the Three Elms Road (A4110) towards Canon Pyon. Pass the Three Elms pub on your left hand side, the property is the next but one property along on the left hand side.

Contact us to arrange a viewing...

e: sales@magi-alexander.co.uk | t: 07960 496660

DISCLAIMER: The details on this page are believed to be correct but their accuracy is not guaranteed nor do they form part of any contract. Prospective purchasers should satisfy themselves as to the correctness of details given on this website by inspection or otherwise.