4 Bed Semi-Detached House, Refurb/BRRR, Ledbury, HR8 1LF, £745,000

10 Ledbury Park, Ledbury, Herefordshire, HR8 1LF - 4 views - 6 months ago

Leasehold
Refurb/BRRR
~129 m²
+13 photos

ValuationOvervalued

Sold Prices£210K - £680K
Sold Prices/m²£2K/m² - £4.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£5.8K/m²

Value Estimate

£418,156

 

 

End Value (After Refurb)

£406,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£186,250

Stamp Duty & Legal Fees

£48,300

Refurb Costs

£52,397

Bridging Loan Interest

£19,556

Total Cash In

£308,253

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£406,000

Mortgage (After Refinance)

£304,500

Mortgage LTV

75%

Cash Left In

£308,253

Equity

£101,500

Rent Range

£850 - £1,900

Rent Estimate

£1,225

Running Costs/mo

£1,534

Cashflow/mo

£-309

Cashflow/yr

£-3,705

Gross Yield

2%

Local Sold Prices

38 sold prices from £210K to £680K, average is £391.5K. £2K/m² to £4.9K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£410K12/210.03 mi18, Worcester Road, Ledbury, Herefordshire HR8 1PL4
£285K11/200.16 mi6, Church Street, Ledbury, Herefordshire HR8 1DJ4
£298K02/230.17 mi2, Upperhall Close, Ledbury, Herefordshire HR8 1SZ4
£265K01/210.18 mi31, New Street, Ledbury, Worcestershire HR8 2EA4
£322K01/210.18 miOak House, 51, New Street, Ledbury, Herefordshire HR8 2EA4
£572K02/210.25 miBadminton, New Street, Ledbury, Herefordshire HR8 2EE4
£406K06/210.37 mi12, Newton Close, Ledbury, Worcestershire HR8 2XG4
£222.5K07/230.38 mi10, Queensway, Ledbury, Herefordshire HR8 2AY4
£285K05/230.38 mi18, Queensway, Ledbury, Herefordshire HR8 2AY4
£601K03/230.39 mi29, Bank Crescent, Ledbury, Herefordshire HR8 1AE4
£375K10/220.41 mi25, Blenheim Drive, Ledbury, Herefordshire HR8 2XE4
£260K08/210.41 mi16, Oatleys Terrace, Ledbury, Herefordshire HR8 2BX4
£210K02/210.41 mi4, Russet Close, Ledbury, Herefordshire HR8 2XR4
£440K10/220.44 mi10, Canal Walk, Ledbury, Herefordshire HR8 2ED4
£432.5K06/210.45 mi28, Bramley Close, Ledbury, Herefordshire HR8 2XP4
£609K12/200.45 miSwallows Rest, Gloucester Road, Ledbury, Worcestershire HR8 2JE4
£300K03/210.46 miWylde House, Gloucester Road, Ledbury, Herefordshire HR8 2JE4
£355K06/210.46 mi17, Orchard Place, Ledbury, Herefordshire HR8 2XD4
£415K11/200.48 mi55, Bank Crescent, Ledbury, Worcestershire HR8 1AF4
£415K11/200.48 mi55, Bank Crescent, Ledbury, Worcestershire HR8 1AF4
£680K12/200.48 mi61, Bank Crescent, Ledbury, Herefordshire HR8 1AF4
£352K06/210.5 mi11, Ferndown Road, Ledbury, Herefordshire HR8 2XH4
£429.9K07/230.51 mi59, Biddulph Way, Ledbury, Herefordshire HR8 2HP4
£490K10/220.52 miWinton, The Homend, Ledbury, Herefordshire HR8 1AP4
£335K08/210.53 miTurn Pike Cottage, The Homend, Ledbury, Herefordshire HR8 1AP4
£370K06/210.53 mi6, Browning Road, Ledbury, Herefordshire HR8 2FT4
£460K12/220.55 mi35, Browning Road, Ledbury, Herefordshire HR8 2GA4
£375K05/210.56 mi12, Farjeon Close, Ledbury, Herefordshire HR8 2FU4
£480K01/230.56 mi24, Farjeon Close, Ledbury, Herefordshire HR8 2FU4
£300K01/230.57 mi2, Lower Road, Ledbury, Herefordshire HR8 2DH4
£400K03/210.59 mi4, Shepherds Close, Ledbury, Herefordshire HR8 2XF4
£385K10/220.62 mi37, Hazle Close, Ledbury, Herefordshire HR8 2XX4
£377.5K12/200.74 mi3, Abercrombie Close, Ledbury, Herefordshire HR8 2UR4
£450K11/200.74 mi1, Abercrombie Close, Ledbury, Worcestershire HR8 2UR4
£410K03/210.83 mi3, Progress Close, Ledbury, Herefordshire HR8 2QZ4
£365K09/210.83 mi15, Progress Close, Ledbury, Worcestershire HR8 2QZ4
£397.9K04/210.87 mi40, Saxon Way, Ledbury, Worcestershire HR8 2QY4
£430K11/220.87 mi10, Saxon Way, Ledbury, Herefordshire HR8 2QY4

Local Rents

10 rents from £850/mo to £1.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,44505/240.26 mi-4
£1,44512/240.26 miThe Mews, Ledbury, HR84
£1,39505/240.26 mi-4
£1,39512/240.26 mi-4
£1,49604/250.28 mi-4
£95012/240.41 mi-3
£95010/240.42 mi-3
£85004/240.44 miRusset Close, Ledbury, Herefordshire, HR83
£1,90012/240.58 miNewbury Park, Ledbury, Herefordshire, HR84
£95012/240.6 miFoxdene, Albert Road, Ledbury, Herefordshire, HR83

Local Area Statistics

Population in HR8

14,179

Town centre distance

0.43 miles away

Nearest school

0.30 miles away

Nearest train station

0.67 miles away

 

 

Rental growth (12m)

+42%

Sales demand

Buyer's market

Capital growth (5yrs)

+11%

Property History

Listed for £745,000

November 11, 2024

Sold for £225,000

1999

Floor Plans

Description

  • Extraordinary Listed town house forming part of the exclusive Ledbury Park. +
  • Development situated In the heart of the town. +
  • Generously proportioned accommodation with a wealth of period features. +
  • Four double bedrooms (principal with en Suite). +
  • Two impressive reception rooms. +
  • Large dining kitchen with pleasant view over courtyard garden. +
  • Allocated parking spaces for two vehicles. +

An hugely impressive Grade I listed townhouse nestled in the heart of Ledbury.

Description

Ledbury Park is a quiet and peaceful exclusive courtyard development situated in the heart of the town, steeped in a fascinating and well documented history. It is understood that the original house dates back to the 16th Century and was a former gentleman's residence. During the 1800's, substantial renovations were carried out by the renowned Biddulph family with influences being drawn from the Arts and Crafts movement, which can still be seen today. During World War II, the house was used by evacuee children and in 1950 the house and estate were sold to a stationery business before being developed and renovated in 1997/98 into 17 individual homes.

10 Ledbury Park is located within the original mansion house and carries both a Grade I and Grade II listing. The house has been lovingly maintained by the current owner with due care and attention being given to preserve the property's historical integrity. The house boasts a wealth of period features, which highlight the craftsmanship of its era including extensive oak panelling to the walls, an impressive staircase, exposed ceiling beams, solid oak doors, exposed floorboards and deep skirting boards. The windows allow an abundance of natural light, which flows throughout the house with intricate lead lattice detailing and a particularly striking lantern style roof light in the dining hall.

The accommodation is exceptional in both its size and grandeur, emphasised at ground floor level through double height ceilings with beautifully corniced detailing. The house has an imposing approach with a solid oak door opening into a vestibule, with illustrative stained glass panels, which in turn leads to an impressive dining hall. From here doors lead to an elegant drawing room measuring over 32ft in length, which enjoys a south facing aspect with views across the communal garden and parkland beyond. An inner hall gives access to a cloakroom and a large dining kitchen with bespoke fitted units. Located in the oldest part of the house is a rear porch with a quarry tiled floor and door leading to a private courtyard garden. A sweeping staircase from the dining hall leads to a galleried landing and in turn to the master bedroom with a large picture window and en suite shower room. The landing extends to three further double bedrooms, family bathroom and separate WC.

Outside, the property benefits from two allocated parking spaces with further visitor parking available within the courtyard. To the rear of the property there is a private courtyard providing an ideal seating area with access to a further area of manicured garden, which is laid to lawn and leads to an established parkland. For those who enjoy the outdoors, Ledbury Park sits on the edge of a variety of paths that lead to Conigree Wood and beyond.

With so much on offer the agents strongly recommend an internal inspection to appreciate all that this property has to offer.

Location

Ledbury Park is within walking distance of the thriving and expanding town of Ledbury, which has a range of local facilities and amenities including shops, schools, churches, restaurants, theatre, doctors surgeries, community hospital and a mainline railway station, with direct links to Hereford, Worcester, Birmingham New Street, Oxford, Reading and London Paddington. The cities of Hereford, Worcester and Gloucester are all approximately 16 miles distant with the M50 motorway available approximately 4 miles to the south of the town. The town enjoys a wide rural catchment area, as well as an increasing tourist trade.

Square Footage: 3,430 sq ft
Leasehold with approximately 1002 years remaining.

Additional Info

We have been advised that mains services are connected to the property. This information has not been checked with the respective service providers and interested parties may wish to make their own enquiries with the relevant local authority. No statement relating to services or appliances should be taken to infer that such items are in satisfactory working order and intending occupiers are advised to satisfy themselves where necessary.

Local Authority: Herefordshire County Council.

Agent Details

Savills, Cheltenham

01242 501339

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