3 Bed Detached House, Refurb/BRRR, Hereford, HR3 6HS, £450,000

Whitney-on-Wye, Hereford, HR3 6HS - 7 views - 10 months ago

Sold STC
Refurb/BRRR
~264 m²
+18 photos

ValuationUndervalued

Sold Prices£210K - £720K
Sold Prices/m²£2.5K/m² - £4.7K/m²

 

 

Square Metres

~263.70 m²
Price/m²£1.7K/m²

Value Estimate

£515,000
BMV3%

 

 

End Value (After Refurb)

£728,211

Uplift in Value

+46%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£106,614

Bridging Loan Interest

£11,813

Total Cash In

£261,377

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£728,211

Agent Fees (1%)

£7,282

Bridging Loan

£337,500

Bridging Loan Interest

£11,813

Flip Profit

£122,053

Local Sold Prices

4 sold prices from £210K to £720K, average is £330.5K. £2.5K/m² to £4.7K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£720K07/211.3 miWalkers Cottage, Parks Road, Clifford, Hereford, Herefordshire HR3 5HQ3
£415K03/232.42 miThe Beren, Middlewood, Dorstone, Hereford, Herefordshire HR3 5SX3
£246K06/212.94 mi14, Canonford Avenue, Eardisley, Hereford, Herefordshire HR3 6PL3
£210K09/212.94 mi2, Canonford Avenue, Eardisley, Hereford, Herefordshire HR3 6PL3

Local Rents

1 rents from £850/mo to £850/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85005/241.64 miClifford, Hereford, HR32

Local Area Statistics

Population in HR3

7,515

Population in Hereford

101,068

Town centre distance

14.13 miles away

Nearest school

2 miles away

Nearest train station

14.34 miles away

 

 

Rental growth (12m)

-31%

Sales demand

Buyer's market

Capital growth (5yrs)

+25%

Property History

Price changed to £450,000

March 4, 2025

Listed for £500,000

June 25, 2024

Floor Plans

Description

  • First-Fix Stage +
  • New Septic Tank & Drainage installed in 2020 +
  • 2 Acre Plot with Woodland +
  • Elevated Position +
  • Footing in Place for Extension +
  • Further Station House Ideal For Development (STP) +
  • 17 miles to Hereford +
  • Access to A438 +

Property Description

This three bedroom detached house sits within a plot of approximatley 2 acres, containing woodland and a stream. The property requires renovation but is at first-fix stage with new drainage, septic tank and water mains installed 2020.

Property Details

This three bedroom detached property with outbuildings is full of history and character having been used to provide power to the historic Whitney Estate, of which it resides within and previously part of the historic Hereford to Brecon railway as a station and pump house.
It enjoys an elevated position with a southerly aspect, allowing for countryside and river views. The property requires further renovation but has been updated already by the current owner to first-fix stage. Along with this in 2020, a new drainage system, septic tank and water mains was installed. There is also an old station house on the plot which is ideal for development, subject to planning.
To the side of the property you will find an area of mixed broadleaf woodland and a small stream.
Surrounded by breathtaking natural beauty, Whitney-on-Wye is renowned for its rolling hills, lush green meadows and meandering river. The area is ideal for nature lovers, with an array of wildlife and opportunities for outdoor activities such as hiking, cycling and fishing.

Residents of Whitney-on-Wye have access to essential amenities including a local village pub. Additionally, there are shops, schools, and healthcare facilities.

For those seeking cultural experiences, the world famous book town of Hay-on-Wye is within 5 miles. Also the city of Hereford is under 20 miles away. Hereford offers a range of attractions including museums, art galleries, theaters and a bustling shopping district.

Whitney-on-Wye's location provides access to transportation routes, such as the A438 road which connects the village to neighboring towns and cities, making it possible to explore the wider region. The area is also served by public transportation options.
Uplift Clause - In the event of the old engine house being used for more than one dwelling, a further payment of 30% of the increase in value of the site of the land will be payable to the previous vendor.
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Agent Details

Chancellors, Hay-On-Wye

01497 701043

Next Steps?

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