2 Bed Detached House, Planning Permission, Hereford, HR2 0RL, £600,000

Vowchurch Common, Vowchurch, Hereford, HR2 0RL - 6 months ago

Sold STC
Planning
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£100K - £320K
Sold Prices/m²£1.6K/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£8.8K/m²

Value Estimate

£147,811

 

 

End Value (After Refurb)

£318,125

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£150,000

Stamp Duty & Legal Fees

£51,200

Refurb Costs

£27,612

Bridging Loan Interest

£15,750

Total Cash In

£246,312

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£318,125

Mortgage (After Refinance)

£238,594

Mortgage LTV

75%

Cash Left In

£246,312

Equity

£79,531

Rent Range

No enough data locally

Rent Estimate

~£400

Running Costs/mo

£1,094

Cashflow/mo

£-694

Cashflow/yr

£-8,330

Gross Yield

1%

Local Sold Prices

4 sold prices from £100K to £320K, average is £156K. £1.6K/m² to £2.4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£100K11/201.31 mi83, Crossways, Peterchurch, Hereford, Herefordshire HR2 0TQ2
£134K03/231.31 mi82, Crossways, Peterchurch, Hereford, Herefordshire HR2 0TQ2
£178K07/231.31 mi90, Crossways, Peterchurch, Hereford, Herefordshire HR2 0TQ2
£320K04/231.87 mi2, Palace Orchard Road, Peterchurch, Hereford, Herefordshire HR2 0SB2

Local Rents

Not enough data

Local Area Statistics

Population in HR2

38,935

Population in Hereford

101,068

Town centre distance

9.48 miles away

Nearest school

1.50 miles away

Nearest train station

9.42 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-47%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £600,000

October 4, 2024

Floor Plans

Description

  • Stand-alone 2 bedroom barn conversion +
  • Set in about 12.18 acres +
  • A wildlife habitat +
  • Elevated position +
  • Stunning panoramic views as far as the Black Mountains +
  • Outbuildings offering development potential, subject to Planning Permission +
  • For Sale by Private Treat +

A detached, stand-alone barn converted to a dwelling approximately 27 years ago. Wilsons Place is set in approximately 12.18 acres of flat and sloping land benefitting from roadside access. The property is constructed of stone and timber and provides single storey two bedroomed accommodation accessed from a quiet vehicular track entrance. Wilsons Place also provides outbuildings a short distance from the house including a Timber Barn and Dutch Barn which may offer further potential subject to planning permission.

Situation - Vowchurch lies in the Heart of Herefordshire's Golden Valley, well placed for access to the world renowned second hand book capital Hay-on-Wye and the cathedral city of Hereford. Wilsons Place has an elevated position offering stunning panoramic views of west Herefordshire and beyond. The nearest amenities would be in the village of Peterchurch where there is a primary and secondary school, grocery store, post office, restaurant, two public houses, fire station and church. A greater range of facilities would be available in either Hay-on-Wye or Hereford.

Accommodation - Front Door

Leading to -

Conservatory

Glass fronted and offering fantastic views towards the Black Mountains. This room has laminate wood flooring and door to -

Reception Hall

With radiator, loft access

Sitting Room

With stone fireplace and hearth, double glazed windows, wood flooring, and radiator.

Bedroom 1

Having double glazed windows with far reaching views, radiator, and two double wardrobes

Bedroom 2

Having double glazed window with views, and radiator.

Shower Room

With fitted shower, pedestal wash hand basin, WC low flush suite, double glazed window, and radiator.

Kitchen Breakfast Room

With work surface area with range of base and eye level units, stainless steel sink unit, 4 ring hob, double glazed window, and oil-fired Rayburn heating the radiators.

Side Porch/Utility

With plumbing space for washing machine, windows and half glazed door to outside.

Outside - Approached by tarmacadam drive with gates and parking with the main garden area situated above the house in a beautiful setting with woodland cover.

Tenure - Freehold with vacant possession.

Services - Mains water and electricity, private drainage, oil fired central heating.

Boundaries - The purchaser shall be deemed to have full knowledge of all boundaries and neither the vendor nor the vendor's agents will be responsible for defining the boundaries or ownership thereof.

Buildings - Dutch Barn

Open fronted two-bay Dutch barn consisting of corrugated tin clad sides and roof. The building is timber framed with a dirt floor. May, subject to achieving planning consent offer future development potential.

Timber Barn

A timber clad barn with stone footings and base and a corrugated roof.

Greenhouse

A small glass greenhouse is also included in the outbuildings of the property.

Land - About 12.18 acres of land which offers a rare opportunity to purchase a beautiful part of the Hereford countryside intended to offer a reserve for nature. The land offers fantastic views of the surrounding Hereford and Welsh border countryside. The land comes with a mixture of mature trees as well as wild grasses and flowers.

No additional services on the land of the property.

Access - Access to the property comes via a tarmacked track which extends to the parking area of the area. The track continues past the property.

Council Tax - The Herefordshire Council Tax website suggests that the Council Tax band for Wilson's Place is: D

Basic Payment Scheme - There are no Entitlements included in the sale.

Stewardship Schemes - In so far as we are aware the land is not the subject of any Environmental Stewardship Scheme. The land is tied to the property as per the Section 106 Agreement.

Sporting, Timber And Mineral Rights - All standing timber or any sporting rights, if relevant, are included in the sale.

Wayleaves, Easements And Rights Of Way - The property is sold subject to and with the benefit of all easements, quasi easements, wayleaves, and rights of way both declared and undeclared. There are two footpaths crossing the land, one across the north of the land and the second along the south. Both of these are shown on a map below.

Planning - No planning enquiries have been made.

Overage - Provision will be made for an Overage at 25% over a twenty-year period on the outbuildings from the date of acquisition. Any Overage payments will be triggered by the grant of a Planning Consent for non-agricultural / forestry use.

Section 106 Agreement - Wilsons Place and the adjoining land is subject to a S.106 Agreement which states that planning was granted on the basis of the dwelling may be occupied for the primary purpose of maintaining and managing the property as a wildlife habitat only. More details can be obtained from the solicitors.

Contaminants - The Vendors and their Agents accept no liability for any contaminants on the property.

Local Authority And Public Utilities - Herefordshire Council, Plough Lane, Hereford, HR4 0LE.

Welsh Water Dwr Cymru, Pentwyn Road, Nelson, Treharris, Mid Glamorgan, CF46 6LY

Western Power Distribution, Toll End Road, Tipton, DY4 0HH

Site Plans - The plans included in the sale particulars are for identification purposes only and may have been reduced in scale to assist with printing.

Money Laundering - In order to comply with anti-money laundering legislation all persons intending to bid for the property by Formal Tender should include with their Tender, photographic identification such as their passport, driving licence or other means of photographic identification (incl. Address) either in their individual capacity or as an officer of a corporate entity.

Agents Note - Any plans used in the preparation of these details may have been reduced in scale and any interested parties should check the Title Plan before proceeding to purchase. Please note the photographs were taken in July 2022.

Vendors Solicitors - FAO: Alex Cunliffe at Lambe Corner Solicitors
Tel:
Email:

Directions - If travelling from Hereford, to travel to Wilsons Place, Vowchurch you will need to begin by heading south on Victoria St and then turning onto the A465. Continue until bearing right towards Clehonger. Drive on through Clehonger until turning right up Vowchurch Common.

Viewing - Strictly by appointment with the Agents.

Health And Safety Notice - Prospective Purchasers should take all necessary care when making an inspection including wearing suitable clothing. Viewings are taken solely at the risk of those who view and neither the Agents nor the owners of the property take responsibility for any injury however caused.

Important Notice - These particulars are set out as a guide only. They are intended to give a fair description of the property but may not be relied upon as a statement or representation of facts. These particulars are produced in good faith but are inevitably subjective and do not form part of any Contract. No persons within Sunderlands have any authority to make or give any representation or warranty whatsoever in relation to the property.

Agent Details

Sunderlands, Hereford

01432 805992

Next Steps?

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