Potential 4-Bed HMO, Ross-on-Wye, HR9 7AG, £215,000

5 Station Street, Ross-on-Wye, Herefordshire, HR9 7AG - 7 months ago

HMO
ROI: 13%
82 m²
+6 photos

ValuationUndervalued

Sold Prices£160K - £475K
Sold Prices/m²£2K/m² - £7.1K/m²

 

 

Square Metres

82 m²
Price/m²£2.6K/m²

Value Estimate

£256,867
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£13,750

Total Cash In

£67,500

 

 

Cash Out

 

Room Rate

£581

Gross Rent

£2,324

Running Costs/mo

£1,610

Cashflow/mo

£714

Cashflow/yr

£8,564

ROI

13%

Gross Yield

13%

Local Sold Prices

21 sold prices from £160K to £475K, average is £285K. £2K/m² to £7.1K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£430K02/240.15 mi24, Gloucester Road, Ross-on-wye, Herefordshire HR9 5LQ3
£230K01/240.19 mi12, Grammar School Close, Ross-on-wye, Herefordshire HR9 7QD3
£270K03/240.23 miThe Graig, Brookfield Road, Ross-on-wye, Herefordshire HR9 7EL3
£285K01/240.3 mi14, Waterside, Ross-on-wye, Herefordshire HR9 5LN3
£272K09/230.31 mi3, Park Walk, Ross-on-wye, Herefordshire HR9 5LW3
£227.5K11/230.46 mi29, Three Crosses Road, Ross-on-wye, Herefordshire HR9 7HB3
£160K03/240.46 mi71, Verschoyle Gardens, Ross-on-wye, Herefordshire HR9 7HH3
£475K02/240.5 miAlton Gate, Penyard Lane, Ross-on-wye, Herefordshire HR9 5NR3
£410K05/240.51 mi3, Harefields, Hildersley, Ross-on-wye, Herefordshire HR9 7NL3
£250K10/230.55 mi11, Mayhill Road, Ross-on-wye, Herefordshire HR9 7EU3
£375K02/240.59 mi19, Chatsworth Close, Ross-on-wye, Herefordshire HR9 7XH3
£310K09/230.59 mi19, Sandringham Close, Ross-on-wye, Herefordshire HR9 7XN3
£308K08/240.66 mi12, Swallow Road, Ross-on-wye, Herefordshire HR9 7WS3
£300K04/240.67 mi9, The Roslins, Ross-on-wye, Herefordshire HR9 5XA3
£420K02/240.69 mi10, The Shrubbery, Ross-on-wye, Herefordshire HR9 5BE3
£290K06/240.69 mi81, Duxmere Drive, Ross-on-wye, Herefordshire HR9 5UP3
£250K05/240.72 mi1, Falaise Close, Ross-on-wye, Herefordshire HR9 5UT3
£260K05/240.79 mi10, Duxmere Drive, Ross-on-wye, Herefordshire HR9 5UN3
£240K08/230.84 mi1, Chapel Road, Ross-on-wye, Herefordshire HR9 5PR3
£315K08/230.92 miOakwood, Wilton Lane, Wilton, Ross-on-wye, Herefordshire HR9 6AH3
£245K07/240.97 mi1, Laburnum Close, Ross-on-wye, Herefordshire HR9 5UB3

Local Area Statistics

Population in hr9

20,936

Town centre distance

0.46 miles away

Nearest school

0.50 miles away

Nearest train station

11.14 miles away

 

 

Rental growth (12m)

+61%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Price changed to £215,000

March 4, 2025

Listed for £225,000

September 17, 2024

Floor Plans

Description

  • Currently Being Run as a HMO +
  • Sitting/Dining Room +
  • Ground Floor Bedroom/Sitting Room +
  • Two Further Bedrooms +
  • Separate Kitchen +
  • Secure Rear Gardens +
  • Two Bathrooms +
  • Town Centre Location +
  • EPC Rating: D +

An opportunity to acquire an investment property offering a house of multiple occupancy (HMO) with three bedrooms, situated in the town centre. Alternatively, the property would make a lovely two bedroom townhouse.

The property is situated in Ross on Wye town centre where a good range of shopping, social and sporting facilities can be found, together with excellent road links to the centres of Hereford, Gloucester, Cheltenham and The Midlands via M50/M5South Wales via A40/M4

The property is entered via:
uPVC double glazed front entrance door with wood laminate flooring. Telephone point. Wood panelled feature wall, dado rail. Door to:

Ground Floor Bedroom/Sitting Room: 11' x 9'10" (3.35m x 3m).
Double glazed window to front aspect. Wall mounted night storage heater.

Sitting/Dining Room: 13'3" x 10'8" (4.04m x 3.25m).
uPVC door out to rear garden. Glazed door to kitchen. Wood laminate flooring. Night storage heater. Understairs storage cupboard. Door to cellar.

Kitchen: 8'3" x 6'10" (2.51m x 2.08m).
Double glazed window to side aspect. Range of base and wall mounted units with space for electric cooker and extractor hood over. Wood laminate flooring. Plumbing for washing machine. Single bowl drainer sink unit with tiled splashbacks.

Cellar:
With restricted head height. A dry area providing a useful storage space.

First Floor Landing.
Wood laminate flooring. Staircase to second floor with understairs storage. Access to:

Bathroom:
Double glazed window to rear aspect. Tiled panelled bath with mixer tap shower over and glazed screen. Low level WC. Pedestal wash hand basin with tiled splashback. Tiled flooring. Door to storage cupboard. Night storage heater.

Shower Room:
Walk in enclosed shower cubicle with electric shower. WC Wash hand basin. Heated electric towel rail. Double glazed window to rear aspect.

Bedroom: 13'1" x 11' (4m x 3.35m).
Two double glazed windows to front aspect. Night storage heater. Door to wardrobe.

Second Floor:
Door to:

Bedroom: Approx: 12'4" x 12'2" (Approx: 3.76m x 3.7m).
With some restricted head height. Double glazed window to rear aspect. Night storage heating.

Outside:
From the sitting room access can be gained to the private courtyard which is very low maintenance and provides the perfect spot for outside dining and general entertaining. At the rear of the courtyard there is a gated entrance out onto a shared pedestrian lane.

Property Information:
Council Tax Band: C
Heating: Night Storage Heating
Mains Drainage, Water and Electric
Broadband: Ultrafast 1000 Mbps Available
Satellite/Fibre: Sky & BT available. Virgin: Not available.
Mobile Phone Coverage:

Directions:
On Foot: From our office proceed left on Gloucester Road taking the first left onto Henry Street and proceed down and 5 Station Street will be found at the bottom of the hill in front of you.

Agent Details

Richard Butler & Associates, Ross-On-Wye

01989 551078

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪