3 Bed Detached House, Refurb/BRRR, Ross-on-Wye, HR9 7RQ, £285,000

Vaga Crescent, Ross-on-wye, HR9 7RQ - 1 views - 5 months ago

Refurb/BRRR
~93 m²
+23 photos

ValuationOvervalued

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

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£268,237

 

 

End Value (After Refurb)

£282,874

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£37,686

Bridging Loan Interest

£7,481

Total Cash In

£130,867

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£282,874

Mortgage (After Refinance)

£212,155

Mortgage LTV

75%

Cash Left In

£130,867

Equity

£70,718

Rent Range

£421 - £3,500

Rent Estimate

£1,012

Running Costs/mo

£1,106

Cashflow/mo

£-94

Cashflow/yr

£-1,133

Gross Yield

4%

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 
£160K03/240.11 mi71, Verschoyle Gardens, Ross-on-wye, Herefordshire HR9 7HH3
£270K03/240.25 miThe Graig, Brookfield Road, Ross-on-wye, Herefordshire HR9 7EL3
£250K10/230.29 mi11, Mayhill Road, Ross-on-wye, Herefordshire HR9 7EU3
£227.5K11/230.31 mi29, Three Crosses Road, Ross-on-wye, Herefordshire HR9 7HB3
£310K09/230.52 mi19, Sandringham Close, Ross-on-wye, Herefordshire HR9 7XN3
£230K01/240.56 mi12, Grammar School Close, Ross-on-wye, Herefordshire HR9 7QD3
£430K02/240.57 mi24, Gloucester Road, Ross-on-wye, Herefordshire HR9 5LQ3
£375K02/240.57 mi19, Chatsworth Close, Ross-on-wye, Herefordshire HR9 7XH3
£308K08/240.67 mi12, Swallow Road, Ross-on-wye, Herefordshire HR9 7WS3
£285K01/240.71 mi14, Waterside, Ross-on-wye, Herefordshire HR9 5LN3
£272K09/230.72 mi3, Park Walk, Ross-on-wye, Herefordshire HR9 5LW3
£410K05/240.77 mi3, Harefields, Hildersley, Ross-on-wye, Herefordshire HR9 7NL3
£315K08/230.88 miOakwood, Wilton Lane, Wilton, Ross-on-wye, Herefordshire HR9 6AH3
£475K02/240.91 miAlton Gate, Penyard Lane, Ross-on-wye, Herefordshire HR9 5NR3
£420K02/240.96 mi10, The Shrubbery, Ross-on-wye, Herefordshire HR9 5BE3
£300K04/240.97 mi9, The Roslins, Ross-on-wye, Herefordshire HR9 5XA3
£250K05/241 mi1, Falaise Close, Ross-on-wye, Herefordshire HR9 5UT3
£290K06/241.01 mi81, Duxmere Drive, Ross-on-wye, Herefordshire HR9 5UP3
£260K05/241.07 mi10, Duxmere Drive, Ross-on-wye, Herefordshire HR9 5UN3
£240K08/231.17 mi1, Chapel Road, Ross-on-wye, Herefordshire HR9 5PR3
£245K07/241.22 mi1, Laburnum Close, Ross-on-wye, Herefordshire HR9 5UB3

Local Rents

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

RentDateDistanceAddressBeds 
£1,39508/240.01 mi-4
£83009/240.06 miPrimrose Close, Ross-on-Wye, HR92
£44804/250.11 mi-2
£46703/250.14 mi-1
£1,02509/240.2 miBrampton Close, Ross-on-Wye2
£75009/240.29 miOver Ross Street, Ross-On-Wye2
£49003/250.3 mi-1
£49509/240.36 miFlat 22 Palma Court, Brookend Street, Ross-on-Wye1
£75009/240.36 miPalma Court, Brookend Street, Ross-on-Wye2
£75009/240.37 miSwan Court, Edde Cross Street, Ross-On-Wye, Herefordshire, HR92
£75009/240.37 miSwan Court, Edde Cross Street, Ross-On-Wye, Herefordshire, HR92
£87509/240.38 miSwan House, Edde Cross Street, Ross-on-Wye, Herefordshire, HR92
£60006/230.42 mi-1
£65009/240.43 miWye Street, Ross-On-Wye1
£85002/250.46 mi-2
£77503/240.46 mi-2
£65006/230.47 mi-1
£75012/240.47 mi-1
£75001/250.48 mi-1
£79503/250.48 mi-1
£1,05009/240.48 mi4B Henry Street, Ross-on-Wye3
£85011/240.48 mi-2
£92509/240.49 miCasson Place, Henry Street, Ross-On-Wye, Herefordshire, HR93
£72509/240.49 miHenry Street, Ross-On-Wye, Herefordshire, HR92
£85006/240.49 mi-2
£85006/240.49 mi-2
£1,10011/240.5 mi-3
£97504/240.5 mi-2
£1,25004/250.5 mi-2
£85003/250.52 mi-2
£59509/240.54 miCopse Cross Street1
£1,29509/240.56 miOld Tannery Way, Ross-on-Wye, Herefordshire, HR94
£57509/240.57 miCopse Cross Street1
£42106/230.58 mi-2
£55009/240.72 miFlat , Wilton Post Office, Wilton, Ross-on-Wye1
£1,05009/240.75 miFrillbank Road, Ross-On-Wye2
£1,00009/240.76 miTurbit Close, Ross-On-Wye2
£1,10009/240.97 miBannut Tree Gardens, Bridstow, Ross-on-Wye3
£1,29509/241.22 miSycamore Close, Ross-on-Wye, Herefordshire, HR94
£90009/241.47 miBridstow, Ross-on-Wye, Herefordshire, HR92
£1,65009/241.56 miBridstow, Ross-on-Wye, Herefordshire, HR94
£2,50005/241.83 mi-5
£2,60011/241.83 mi-5
£1,00004/251.83 mi-1
£1,50004/241.99 mi-3
£3,50009/242 miKingstone Court, Weston Under Penyard, HR9 7PQ4
£1,44509/242.35 miHole In The Wall, Foy, Ross On Wye, Hfds, HR93
£52803/252.48 mi-1

Local Area Statistics

Population in hr9

20,936

Town centre distance

0.64 miles away

Nearest school

0.20 miles away

Nearest train station

10.96 miles away

 

 

Rental growth (12m)

+61%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Price changed to £285,000

January 11, 2025

Listed for £300,000

November 20, 2024

Sold for £77,000

2000

Sold for £72,000

1998

Floor Plans

Description

  • A 3 Bedroom Link-Detached House +
  • With Single Garage & Driveway +
  • Newly Decorated Throughout +
  • In Need of Some Superficial Updating +
  • Withing Walking Distance To High School & Town Centre +
  • Pleasant Outlook Of Distant Countryside +

A great opportunity to purchase a 3 bedroom link-detached property, situated in a popular and convenient location within walking distance of the local High School and the Market Town of Ross-On-Wye. Entrance – Cloakroom – Sitting Room – Kitchen/Dining Room – Main Bedroom with En-Suite Shower Room – Two Further Double Bedrooms – Main Bathroom – Single Garage – Private Driveway – Enclosed Rear Garden. This well proportioned 3 bedroom house poses a great opportunity for someone to put their own stamp on, as it is in need of some cosmetic work and updating throughout.  It is in a very convenient area to access the schools and town centre and benefits from a garage and off road parking.  The Sitting Room is generously proportioned with a feature fireplace (which previously housed a gas fire).  The Kitchen / Dining area could ideally be opened up to create one big kitchen making a more convenient space for modern day living, and this flows directly out to the rear raised patio and garden, with access from the back into the garage.  Upstairs all the bedrooms are well proportioned, and the main room has an en-suite shower room and plenty of fitted wardrobe space.  

The historic market town of Ross-On-Wye offers a variety of independent shops, supermarkets and fantastic eateries.  It is perched at the gateway of the stunning Wye Valley with the River Wye meandering through and offers pretty walks and exciting outdoor pursuits such as kayaking and hiking.  Benefitting from excellent transport links, the M50 and A40 are within less than 5 minute’s drive of the property.  The Cathedral City of Hereford is approx. 14 miles where you will find more extensive cultural and retail opportunities.
  The Property

Offering a good amount of space for parking at the front of the property, Vaga Crescent also benefits from a single garage.  You enter a small hallway with the Cloakroom being located to the left.  A further door leads into the Sitting Room.   A bright well-proportioned room with a UPVC bay window to the front and a feature fireplace with granite hearth and surround (no fire currently in situ).  Stairs up to the first floor are open to the left of the room with an understairs cupboard for storage.  A wooden and glazed door leads through to the Kitchen / Dining Room.

The Kitchen is entered via an archway from the dining area and would benefit from updating, but offers a variety of cupboards and drawers, space for white goods and an electric oven, vinyl flooring and an outlook over the rear garden.  A large pantry cupboard is situated in the dining area and a sliding UPVC door leads straight onto the garden terrace.

Stairs lead from the Sitting Room to the first floor.

The Main Bedroom is situated to the front of the house with generous sized windows allowing light to flow in.  There is a large, fitted mirror fronted wardrobe, a storage cupboard and a further door leads into the en-suite shower room with washbasin and W.C.

The second room is also a double with front and rear aspects, benefitting from a pleasant outlook to the rear over the rooftops to the hills beyond.  The room is bright and well proportioned. 
The third bedroom facing the rear of the property also allows for a bright and pleasant aspect and could easily fit a double bed if necessary.

The main bathroom situated between Bedrooms 2 and 3, has a bath with shower over, washbasin and W.C, with vinyl flooring, it is bright and pleasantly decorated. 

Outside

The rear garden benefits from a good sized block paved terrace with plenty of room for table and chairs, with steps down to a ‘V’ shaped lawn, fenced either side and framed by mature shrubs and plants, there is also a shed.  A rear door gives access to the garage from the garden, and a pathway leads to the side of the house with wooden gate, leading to the front of the property. Practicalities

Herefordshire Council – Tax Band D
Mains Gas Central Heating
Mains Water & Drainage
Broadband Available

Directions

What3Words

Agent Details

Glasshouse Estates and Properties LLP, Hereford

01432 805194

Next Steps?

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