3 Bed Detached House, Refurb/BRRR, Leominster, HR6 0AZ, £525,000

Leys Lane, Bircher, Leominster, Herefordshire, HR6 0AZ - 5 views - a year ago

Refurb/BRRR
~247 m²
+11 photos

ValuationFair Value

Sold Prices£198K - £465K
Sold Prices/m²£1.8K/m² - £4.4K/m²

 

 

Square Metres

~246.75 m²
Price/m²£2.1K/m²

Value Estimate

£535,500

 

 

End Value (After Refurb)

£858,392

Uplift in Value

+64%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£30,700

Refurb Costs

£99,651

Bridging Loan Interest

£13,781

Total Cash In

£277,132

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£858,392

Agent Fees (1%)

£8,584

Bridging Loan

£393,750

Bridging Loan Interest

£13,781

Flip Profit

£178,926

Local Sold Prices

23 sold prices from £198K to £465K, average is £305K. £1.8K/m² to £4.4K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£433.5K04/230.97 miGreen Acres, Green Lane, Yarpole, Leominster, Herefordshire HR6 0BJ3
£300K01/210.98 mi10, Green Lane Crescent, Yarpole, Leominster, Herefordshire HR6 0BQ3
£410K10/221.04 mi2, Phillips Acre, Yarpole, Leominster, Herefordshire HR6 0DA3
£401.5K09/221.04 mi1, Phillips Acre, Yarpole, Leominster, Herefordshire HR6 0DA3
£375K11/201.18 miTrelawney, Millbrook Way, Orleton, Ludlow, Herefordshire SY8 4HW3
£319.9K04/211.18 miLittle Gains, Millbrook Way, Orleton, Ludlow, Herefordshire SY8 4HW3
£415K01/231.19 mi3, Ashley Walk, Orleton, Ludlow, Herefordshire SY8 4HD3
£280K11/231.28 mi3, Millbrook Close, Orleton, Ludlow, Herefordshire SY8 4JR3
£400K12/231.28 mi6, Millbrook Close, Orleton, Ludlow, Herefordshire SY8 4JR3
£325K12/221.36 mi16, Mortimer Drive, Orleton, Ludlow, Herefordshire SY8 4JW3
£260K12/231.38 mi23, Mortimer Drive, Orleton, Ludlow, Herefordshire SY8 4JW3
£252.5K06/211.38 mi27, Mortimer Drive, Orleton, Ludlow, Hereford And Worcester SY8 4JW3
£305K10/201.38 mi7, Mortimer Drive, Orleton, Ludlow, Herefordshire SY8 4JW3
£465K01/211.43 miChurch House Barn, 2, Orleton Court, Orleton, Ludlow, Herefordshire SY8 4HS3
£335K08/211.48 mi9, Mortimer Close, Orleton, Ludlow, Herefordshire SY8 4PG3
£225K02/211.48 mi5, Mortimer Close, Orleton, Ludlow, Herefordshire SY8 4PG3
£305K03/212.14 mi2, Townsend Park, Luston, Leominster, Herefordshire HR6 0DZ3
£267.5K10/232.37 mi5, Orchard Rise, Richards Castle, Ludlow, Herefordshire SY8 4EZ3
£198K06/212.37 mi23, Orchard Rise, Richards Castle, Ludlow, Herefordshire SY8 4EZ3
£238.1K06/212.37 mi8, Orchard Rise, Richards Castle, Ludlow, Herefordshire SY8 4EZ3
£285K02/232.38 mi23, Orchard Rise, Richards Castle, Ludlow, Herefordshire SY8 4EZ3
£270K09/212.46 mi20, The Willows, Luston, Leominster, Herefordshire HR6 0DF3
£317K09/212.46 mi2, The Willows, Luston, Leominster, Hereford And Worcester HR6 0DF3

Local Rents

6 rents from £595/mo to £2.8K/mo, average is £873/mo.

RentDateDistanceAddressBeds 
£1,45002/250.25 mi-3
£59509/240.93 miGreen Lane, Orleton, Ludlow, Shropshire1
£95003/241.81 miLeinthall Earls3
£79505/241.81 miLeinthall Earls2
£2,75003/241.88 miManor Farm, Leinthall Earls6
£67504/242.28 miWestland View, Luston, Leominster2

Local Area Statistics

Population in HR6

20,507

Population in Leominster

20,525

Town centre distance

4.93 miles away

Nearest school

1.70 miles away

Nearest train station

5.22 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Buyer's market

Capital growth (5yrs)

+36%

Property History

Listed for £525,000

May 8, 2024

Floor Plans

Description

  • Kitchen +
  • Dining room +
  • Sitting room +
  • Store room +
  • Family bathroom +
  • Three Bedrooms +
  • Garden +
  • Outbuildings +
  • Paddocks +
  • To be sold as a whole or in two lots +

A picturesque country cottage requiring modernisation with outbuildings and 6.01 acres with outstanding views.

The Property
Little Leys Farm is a timber-framed country cottage situated on the edge of the rural village of Bircher. The property requires modernisation throughout but offers tremendous character and charm. There are a number of outbuildings, a mix of barns and stables, along with 6.01 acres. There are outstanding views to the south east. The ground floor accommodation comprises: a sitting room with a large inglenook fireplace with an original bread oven and log burner. This room has red quarry tiles and wooden beams. The dining room has a wooden floor and French doors that open onto the garden. The kitchen is fitted with units, an electric oven, a gas hob and an Aga. The store room is fitted with shelves. On the first floor, there are three bedrooms. Bedroom one has an original cast iron fireplace, wooden floors and exposed beams run throughout.

Outside
The garden at Little Leys Farm is private and laid to lawn. It has exceptionally well stocked herbaceous borders and shrubbery and raised beds. The property benefits from a number of barns and outbuildings. The main barn is of stone construction with double wooden doors into the barn. There is storage upstairs. There are a variety of other brick and tin outbuildings. All of the outbuildings can be used for a wide range of purposes. To the rear of the house, there are three excellent paddocks, with direct access onto the lane.

Grazing
Please note that grazing right on Burcher Common comes with the property further details come from the agent.

Lot 2 - Further up the lane is an excellent 2.47 acre paddock. access is directly off the common and Leys Lane.

Situation
Little Leys Farm is situated near the village of Bircher on a no-through road which continues up to Bircher Common, a National Trust controlled area offering the opportunity for wonderful rural walks and links through to Croft Castle. There are a number of footpaths very close by. There are facilities in the nearby village of Yarpole, including village pub and shop, with a wider range of amenities in the market towns of Leominster and Ludlow which lie approximately 3 and 5 miles respectively. The Cathedral City of Hereford is also readily available a little further to the south.

Directions: From Bircher head north west on the B4362 towards Leys Lane. Turn right onto Leys Lane, drive for 0.7 miles and the property will be on the right signposted by the name plaque.

What3words - ///lock.rots.insolvent

Local Authority: Hereford Council.

Services: Mains electricity. Private drainage. Oil central heating. LPG Gas.

Council Tax: Band D

Wayleaves, easements and rights of way: The property will be sold subject to and with the benefits of all wayleaves, easements and rights of way, whether mentioned in these sales particulars or not.

Agent Details

Mark Wiggin Estate Agents, Ludlow

01584 817977

Next Steps?

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