3 Bed Semi-Detached House, Refurb/BRRR, Ross-on-Wye, HR9 5JU, £325,000

26 Merrivale Crescent, Ross-on-Wye, Herefordshire HR9 5JU - 3 views - 7 months ago

Sold STC
Refurb/BRRR
~93 m²
+14 photos

ValuationOvervalued

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

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£270,759

 

 

End Value (After Refurb)

£300,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£37,686

Bridging Loan Interest

£8,531

Total Cash In

£143,917

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£300,000

Mortgage (After Refinance)

£225,000

Mortgage LTV

75%

Cash Left In

£143,917

Equity

£75,000

Rent Range

£421 - £3,500

Rent Estimate

£1,011

Running Costs/mo

£1,160

Cashflow/mo

£-149

Cashflow/yr

£-1,784

Gross Yield

4%

Local Sold Prices

22 sold prices from £160K to £475K, average is £278.5K. £2K/m² to £7.1K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£475K02/240.23 miAlton Gate, Penyard Lane, Ross-on-wye, Herefordshire HR9 5NR3
£290K06/240.27 mi81, Duxmere Drive, Ross-on-wye, Herefordshire HR9 5UP3
£240K08/230.31 mi1, Chapel Road, Ross-on-wye, Herefordshire HR9 5PR3
£300K04/240.32 mi9, The Roslins, Ross-on-wye, Herefordshire HR9 5XA3
£250K05/240.37 mi1, Falaise Close, Ross-on-wye, Herefordshire HR9 5UT3
£420K02/240.4 mi10, The Shrubbery, Ross-on-wye, Herefordshire HR9 5BE3
£260K05/240.41 mi10, Duxmere Drive, Ross-on-wye, Herefordshire HR9 5UN3
£285K01/240.41 mi14, Waterside, Ross-on-wye, Herefordshire HR9 5LN3
£272K09/230.46 mi3, Park Walk, Ross-on-wye, Herefordshire HR9 5LW3
£430K02/240.48 mi24, Gloucester Road, Ross-on-wye, Herefordshire HR9 5LQ3
£245K07/240.6 mi1, Laburnum Close, Ross-on-wye, Herefordshire HR9 5UB3
£230K01/240.6 mi12, Grammar School Close, Ross-on-wye, Herefordshire HR9 7QD3
£410K05/240.83 mi3, Harefields, Hildersley, Ross-on-wye, Herefordshire HR9 7NL3
£270K03/240.84 miThe Graig, Brookfield Road, Ross-on-wye, Herefordshire HR9 7EL3
£315K08/231.02 miOakwood, Wilton Lane, Wilton, Ross-on-wye, Herefordshire HR9 6AH3
£160K03/241.06 mi71, Verschoyle Gardens, Ross-on-wye, Herefordshire HR9 7HH3
£227.5K11/231.06 mi29, Three Crosses Road, Ross-on-wye, Herefordshire HR9 7HB3
£375K02/241.13 mi19, Chatsworth Close, Ross-on-wye, Herefordshire HR9 7XH3
£250K10/231.16 mi11, Mayhill Road, Ross-on-wye, Herefordshire HR9 7EU3
£310K09/231.16 mi19, Sandringham Close, Ross-on-wye, Herefordshire HR9 7XN3
£308K08/241.18 mi12, Swallow Road, Ross-on-wye, Herefordshire HR9 7WS3
£225K04/241.21 mi5, Coughton Place, Coughton, Ross-on-wye, Herefordshire HR9 5RX3

Local Rents

48 rents from £421/mo to £3.5K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£57509/240.43 miCopse Cross Street1
£59509/240.46 miCopse Cross Street1
£85003/250.48 mi-2
£1,10011/240.51 mi-3
£97504/240.51 mi-2
£1,25004/250.51 mi-2
£85006/240.52 mi-2
£85006/240.52 mi-2
£85011/240.52 mi-2
£79503/250.53 mi-1
£75001/250.53 mi-1
£92509/240.53 miCasson Place, Henry Street, Ross-On-Wye, Herefordshire, HR93
£72509/240.53 miHenry Street, Ross-On-Wye, Herefordshire, HR92
£65006/230.53 mi-1
£75012/240.53 mi-1
£1,05009/240.54 mi4B Henry Street, Ross-on-Wye3
£77503/240.54 mi-2
£85002/250.55 mi-2
£60006/230.58 mi-1
£65009/240.6 miWye Street, Ross-On-Wye1
£1,29509/240.61 miSycamore Close, Ross-on-Wye, Herefordshire, HR94
£42106/230.62 mi-2
£87509/240.64 miSwan House, Edde Cross Street, Ross-on-Wye, Herefordshire, HR92
£75009/240.64 miSwan Court, Edde Cross Street, Ross-On-Wye, Herefordshire, HR92
£75009/240.64 miSwan Court, Edde Cross Street, Ross-On-Wye, Herefordshire, HR92
£49509/240.66 miFlat 22 Palma Court, Brookend Street, Ross-on-Wye1
£75009/240.66 miPalma Court, Brookend Street, Ross-on-Wye2
£75009/240.77 miOver Ross Street, Ross-On-Wye2
£1,02509/240.9 miBrampton Close, Ross-on-Wye2
£46702/250.93 mi-1
£83009/240.96 miPrimrose Close, Ross-on-Wye, HR92
£55009/240.96 miFlat , Wilton Post Office, Wilton, Ross-on-Wye1
£1,39504/251 mi-4
£1,29509/241.03 miOld Tannery Way, Ross-on-Wye, Herefordshire, HR94
£44804/251.07 mi-2
£49003/251.16 mi-1
£1,10009/241.19 miBannut Tree Gardens, Bridstow, Ross-on-Wye3
£1,00009/241.35 miTurbit Close, Ross-On-Wye2
£1,05009/241.37 miFrillbank Road, Ross-On-Wye2
£1,50004/241.4 mi-3
£90009/241.76 miBridstow, Ross-on-Wye, Herefordshire, HR92
£1,40009/241.84 miWarryfields Cottage, Walford, Ross-On-Wye, HR9 5QW3
£3,50009/241.99 miKingstone Court, Weston Under Penyard, HR9 7PQ4
£1,65009/242 miBridstow, Ross-on-Wye, Herefordshire, HR94
£52803/252.07 mi-1
£2,50005/242.36 mi-5
£2,60011/242.36 mi-5
£1,00004/252.36 mi-1

Local Area Statistics

Population in hr9

20,936

Town centre distance

0.55 miles away

Nearest school

0.20 miles away

Nearest train station

11.65 miles away

 

 

Rental growth (12m)

+61%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Listed for £325,000

October 3, 2024

Floor Plans

Description

  • Edge of Town Location +
  • Extended +
  • No Onward Chain +
  • South East facing garden +

Located in one of Ross-on-Wye's most desirable areas and available with no onward chain, this three-bedroom semi-detached home offers incredible potential for modernisation. Already extended to the rear, the property presents a flexible layout perfect for family living.

The front reception room can be used as a dining room, office, or second lounge area, providing versatility for a range of needs. The main lounge to the rear boasts large windows that flood the space with natural light and offer delightful views of the garden, with a sliding door providing easy access to the outdoor space. The extended kitchen offers plenty of room for dining and modern appliances. A lobby from the kitchen connects to the converted garage, which has potential to be transformed into a downstairs WC, utility room, or home office.

Upstairs, the property features two large double bedrooms and a generously sized single bedroom. The family bathroom serves the first floor and includes a toilet, sink, and bath.

Externally, the home benefits from ample driveway parking and a front garden. The rear garden, mainly laid to lawn with a patio area, offers a blank canvas for those looking to create a beautiful outdoor space.

This is a fantastic opportunity to create a modern family home in a prime location, with no onward chain simplifying the purchasing process.

Council Tax Band: D (Herefordshire Council)
Tenure: Freehold

Agent Details

The Property Hub, Ross On Wye

01989 551098

Next Steps?

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