2 Bed Terraced House, Refurb/BRRR, Ross-on-Wye, HR9 7EJ, £160,000

3 Berrifield Villas, Brookfield Road, Ross-on-Wye, Herefordshire, HR9 7EJ. - 3 views - 4 months ago

Refurb/BRRR
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£155K - £375K
Sold Prices/m²£2.3K/m² - £4.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£185,400
BMV3%

 

 

End Value (After Refurb)

£207,170

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£27,600

Bridging Loan Interest

£4,200

Total Cash In

£80,150

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£207,170

Mortgage (After Refinance)

£155,377

Mortgage LTV

75%

Cash Released

£35,377

Cash Left In

£44,773

Equity

£51,792

Rent Range

£421 - £1,250

Rent Estimate

£790

Running Costs/mo

£825

Cashflow/mo

£-35

Cashflow/yr

£-425

Gross Yield

6%

Local Sold Prices

21 sold prices from £155K to £375K, average is £218K. £2.3K/m² to £4.9K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£217K12/230.24 mi34, Brampton Road, Ross-on-wye, Herefordshire HR9 7EH2
£190K10/230.24 mi16, Oaklands Court, Ross-on-wye, Herefordshire HR9 7HD2
£168.5K07/240.3 mi21, Honeysuckle Close, Ross-on-wye, Herefordshire HR9 7RJ2
£157K03/240.3 mi18, Honeysuckle Close, Ross-on-wye, Herefordshire HR9 7RJ2
£205K08/230.3 mi39, Honeysuckle Close, Ross-on-wye, Herefordshire HR9 7RJ2
£183.5K09/230.37 mi12, Beechwood, Ross-on-wye, Herefordshire HR9 7QE2
£227K08/230.38 mi18, North Road, Ross-on-wye, Herefordshire HR9 5LZ2
£225K08/230.38 mi19, North Road, Ross-on-wye, Herefordshire HR9 5LZ2
£320K02/240.4 miAveril, Weston Grove, Ross-on-wye, Herefordshire HR9 5LU2
£375K08/240.47 mi8, Overross Close, Ross-on-wye, Herefordshire HR9 7BQ2
£357.5K03/240.47 mi50, Court Road, Ross-on-wye, Herefordshire HR9 7XF2
£218K07/240.48 miSandygate, Sixth Avenue, Greytree, Ross-on-wye, Herefordshire HR9 7HL2
£282K05/240.49 mi3, Waterside, Ross-on-wye, Herefordshire HR9 5LN2
£185K12/230.67 mi32, Merrivale Lane, Ross-on-wye, Herefordshire HR9 5JL2
£265K05/241 mi9, Duxmere Drive, Ross-on-wye, Herefordshire HR9 5UN2
£205K03/241.07 mi8, Tudor Street, Ross-on-wye, Herefordshire HR9 5PS2
£315K08/241.15 mi5, Danum Road, Ross-on-wye, Herefordshire HR9 5UG2
£200K11/231.16 mi5, Purland, Ross-on-wye, Herefordshire HR9 5QA2
£260K04/241.18 mi20, Watling Street, Ross-on-wye, Herefordshire HR9 5UF2
£155K02/241.29 mi39, The Claytons, Bridstow, Ross-on-wye, Herefordshire HR9 6QD2
£285K08/241.65 mi1, White Cross Cottages, Bridstow, Ross-on-wye, Herefordshire HR9 6JU2

Local Rents

18 rents from £421/mo to £1.3K/mo, average is £840/mo.

RentDateDistanceAddressBeds 
£1,02509/240.07 miBrampton Close, Ross-on-Wye2
£75009/240.07 miOver Ross Street, Ross-On-Wye2
£75009/240.18 miPalma Court, Brookend Street, Ross-on-Wye2
£83009/240.26 miPrimrose Close, Ross-on-Wye, HR92
£44804/250.26 mi-2
£75009/240.3 miSwan Court, Edde Cross Street, Ross-On-Wye, Herefordshire, HR92
£75009/240.3 miSwan Court, Edde Cross Street, Ross-On-Wye, Herefordshire, HR92
£72509/240.3 miHenry Street, Ross-On-Wye, Herefordshire, HR92
£87509/240.32 miSwan House, Edde Cross Street, Ross-on-Wye, Herefordshire, HR92
£42106/230.34 mi-2
£77503/240.34 mi-2
£85011/240.35 mi-2
£85002/250.36 mi-2
£85003/250.37 mi-2
£85006/240.37 mi-2
£85006/240.37 mi-2
£97504/240.39 mi-2
£1,25004/250.39 mi-2

Local Area Statistics

Population in hr9

20,936

Town centre distance

0.62 miles away

Nearest school

0.30 miles away

Nearest train station

10.95 miles away

 

 

Rental growth (12m)

+61%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Price changed to £160,000

March 16, 2025

Listed for £180,000

December 3, 2024

Floor Plans

Description

  • No Forward Chain +
  • Two Reception Rooms + Kitchen +
  • Two Double Bedrooms +
  • Upstairs Bathroom +
  • Large Garden +
  • Double Glazing +
  • Views Over Ross Town Roof Tops +
  • No Parking +
  • EPC Rating: TBC +

Charming period terraced cottage, ideal for renovation with two bedrooms and two reception rooms. Boasting a large garden, patio and views over Ross town and beyond. Situated in an elevated location just a short walk from the town centre.

The property is situated in a pleasant mature residential area within walking distance of Ross-on-Wye town centre where there are a good range of shopping, social and sporting facilities. Ross-on-Wye provides excellent commuting links to the Midlands, South West and South Wales. The centres of Gloucester, Cheltenham and Hereford are approximately 18 miles, 25 miles and 12 miles respectively.

The property is entered via:
Shared courtyard leading to:

Front Entrance Porch:
uPVC double glazed windows to front and side aspect. uPVC glazed door leading into:

Dining Room: 11'10" x 11'10" (3.6m x 3.6m)
Double glazed window to rear aspect. Night storage heater. Door to:

Kitchen: 9'4" x 7'8" (2.84m x 2.34m)
Double glazed window to front aspect. Stainless steel single bowl. Range of wall mounted units. Plumbing for washing machine. Door to understairs pantry.

Sitting Room: 12' x 10'6" (3.66m x 3.2m)
Double glazed window to rear aspect overlooking St Marys Church and Ross town. Tiled hearth with potential for open fire, currently with a night storage heater. uPVC door to rear gardens.

From dining room, door to:
Inner Lobby:
Staircase leading up to first floor landing.

Landing: Door to:

Bedroom 1: 10'7" x 10'3" (3.23m x 3.12m)
Double glazed window to rear aspect with views over surrounding area. Night storage heater. Range of fitted wardrobes.

Bedroom 2: 11'4" x 9'9" (3.45m x 2.97m)
Range of built in cupboards, dressing table with mirror. Double glazed window to the rear aspect with views over the surrounding area.

Bathroom:
White suite comprising low level WC. Pedestal wash hand basin. Panelled bath with electric shower and glazed screen. Tiled surround. Obscure glazed window to front aspect. Fitted mirror fronted medicine cabinet. Airing cupboard housing immersion heater.

Outside:
Pedestrian gate with steps leading down to a shared front courtyard with outside WC. The rear gardens are a good size and entered via the rear of the property or on front via a pedestrian right of way over the neighbouring properties. There is a level patio with lovely views of the surrounding area with St. Marys church spire in the distance. A pathway leads to a gravelled area with shrub borders and this leads down onto a lawn with vegetable plot, greenhouse and garden shed.

Verified Material Information
Council tax band: A
Council tax annual charge: £1500.32 a year (£125.03 a month)
Electricity supply: Mains electricity
Water supply: Mains water supply
Sewerage: Mains
Heating: Room heaters only
Broadband: FTTP (Fibre to the Premises)
Mobile coverage: O2, Vodafone, Three & EE - All Excellent
Parking: None

Agents Note:
There is a pedestrian right of way across the neighbouring properties to gain access to the rear gardens.

Directions:
From our office in Gloucester Road proceed to the Market Place crossroads and turn right into Broad Street. Follow this to the bottom of the hill and over both mini roundabouts turning immediately left after the second mini roundabout into Brampton Street. Continue up Brampton Road, taking the first turning right into Brookfield Road. Follow the road along, to find the property on the right hand side.

Agent Details

Richard Butler & Associates, Ross-On-Wye

01989 551078

Next Steps?

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