2 Bed Semi-Detached House, Planning Permission, Ledbury, HR8 1HP, £140,000

Fromes Hill, HR8 1HP - 25 views - 4 months ago

Under Offer
Planning
ROI: 23%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£160K - £370K
Sold Prices/m²£1.9K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£144,200
BMV3%

 

 

End Value (After Refurb)

£171,950

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Refurb Costs

£27,610

Bridging Loan Interest

£3,675

Total Cash In

£73,435

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£171,950

Mortgage (After Refinance)

£128,962

Mortgage LTV

75%

Cash Released

£23,962

Cash Left In

£49,473

Equity

£42,987

Rent Range

£1,200 - £4,500

Rent Estimate

£2,488

Running Costs/mo

£1,055

Cashflow/mo

£1,433

Cashflow/yr

£17,197

ROI

23%

Gross Yield

21%

Local Sold Prices

9 sold prices from £160K to £370K, average is £183K. £1.9K/m² to £4.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£199.9K09/211.51 mi6, Farm Court, Bishops Frome, Worcester, Herefordshire WR6 5AR2
£175K05/241.52 mi11, Knights Court, Bishops Frome, Worcester, Herefordshire WR6 5BZ2
£183K11/211.56 mi19, Summerpool, Bishops Frome, Worcester, Worcestershire WR6 5AZ2
£160K09/211.59 mi24, Summerpool, Bishops Frome, Worcester, Herefordshire WR6 5AZ2
£160K09/211.59 mi24, Summerpool, Bishops Frome, Worcester, Herefordshire WR6 5AZ2
£183K11/211.59 mi19, Summerpool, Bishops Frome, Worcester, Worcestershire WR6 5AZ2
£355K11/232.33 miQuarry Cottage, Ridgeway Cross, Cradley, Malvern, Herefordshire WR13 5JS2
£370K11/232.88 miButterflies, Chockbury Lane, Cradley, Malvern, Herefordshire WR13 5NA2
£278K01/212.89 miSpringfield, Credenleigh, Cradley, Malvern, Herefordshire WR13 5NB2

Local Rents

4 rents from £1.2K/mo to £4.5K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£4,50012/241.24 miNr Ledbury, HR86
£2,50012/241.7 mi Bosbury, Ledbury, HR84
£1,75012/242.17 miTemple Court, Bosbury, Ledbury, Herefordshire, HR84
£1,20012/242.3 miForge Bank, Bosbury3

Local Area Statistics

Population in HR8

14,179

Town centre distance

5.67 miles away

Nearest school

0.10 miles away

Nearest train station

5.28 miles away

 

 

Rental growth (12m)

+42%

Sales demand

Buyer's market

Capital growth (5yrs)

+11%

Property History

Listed for £140,000

November 20, 2024

Floor Plans

Description

  • Ideal Subject for Modernisation +
  • Attractive Garden +
  • Large Car Parking Area with Potential +
  • FOR SALE BY INFORMAL TENDER +

2 YEW TREE COTTAGE is in the hamlet of Fromes Hill which has its own public house and retail area including a convenience shop, Indian restaurant, clothes store and café. The larger village of Bishops Frome is just 2 miles away and has a church, repair garage, village hall, two public houses and the renowned Hop Pocket Shopping Village.

This Grade II Listed period extended semi-detached cottage is the ideal subject for improvement and for extension, subject to planning permission. The original cottage has half timbering, beams and a large fireplace. It sits in large gardens and car parking having a 120 ft road frontage with vehicular access and to the rear a pleasant outlook over Herefordshire countryside. The parking area is big enough to take around six cars and includes a useful timber shed.

The gardens are a particular feature being attractively laid out with mature shrubs and trees, lawn and chipping areas. They are separated from the road by a tall hedge of firs, other trees and shrubs.

The accommodation, with approximate measurements, comprises:-

Half glazed door to

KITCHEN (12'1" x 6'6") Full width base unit of cupboards, space and point for electric cooker, spaces for washing machine and fridge, work surface with inset single drawer sink and electric water heater over. Dresser base with worktop over and shelves. Board style laminate floor, window to each side, door to

SITTING ROOM (11'10" x 10'11" including stairs) Exposed wall and ceiling timbers, inset fireplace with brick sides and mantlepiece over. Board style laminate floor, window and door to

BEDROOM 1/LOUNGE (15'9" x 10'9") Fitted carpet, spotlight fittings, south facing window and part glazed door to garden, door to

BATHROOM (10'10" x 7'0") White suite of panelled bath with tiling, glazed screen and Mira Vie electric shower over, WC, hand basin with illuminated mirror unit, shelves and medicine cupboard over. Board style vinyl floor, spotlight fittings, window, door to airing cupboard with insulated hot water cylinder and immersion heater.

Stairs from the sitting room to

BEDROOM 2 (11'9" x 10'3" max. meas.) Fitted carpet, half timbering to one wall and window to side.

On the outside of the cottage there is *WC* with hand basin and a store shed.

THE GARDENS
These are to the front and side of the cottage separated from the road by a high hedge of firs and shrubs for privacy. They have a southerly aspect with a pleasant outlook. There is a large lawn with paved paths, borders of shrubs and chipping areas with island border. Aluminium frame greenhouse.

THE PARKING AREA
This is to the east side of the property having a wide vehicular access to the stoned area suitable for parking up to six cars.

Timber with felt roof enclosed WORKSHOP/STORE approx. 20" x 10' with double doors and window.

METAL ENCLOSED STORE with fuel store to one side.

SERVICES
Mains electricity and water. Private drainage.

COUNCIL TAX BAN* - A

DIRECTIONS
The property joins the A4103 Hereford to Worcester road within the 40 mph section on Fromes Hill. From Hereford the property is on the right-hand side and from Worcester on the left-hand side, not far from the Wheatsheaf - see agent's 'For Sale' board.

METHOD OF SALE - INFORMAL TENDER
Tenders to be made in writing on the form attached to these particulars.
The form, fully completed, to be delivered to the agent's office in a sealed envelope marked 'Tender - 2 Yew Tree Cottage' by 12 noon on Wednesday 18th December 2024
.
PLAN
A plan of the area with the property coloured red is attached to these particulars.

VIEWING
Strictly by prior appointment with the Agent on .

Agent Details

Barry Bufton, Bromyard

01885 477134

Next Steps?

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