3 Bed Semi-Detached House, Refurb/BRRR, Ross-on-Wye, HR9 6AT, £250,000

Glewstone, Ross On Wye, Herefordshire, HR9 6AT - 2 views - 4 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+12 photos

ValuationUndervalued

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

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£268,237

 

 

End Value (After Refurb)

£276,500

Uplift in Value

+-1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£37,686

Bridging Loan Interest

£6,563

Total Cash In

£119,598

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£276,500

Mortgage (After Refinance)

£207,375

Mortgage LTV

75%

Cash Released

£19,875

Cash Left In

£99,723

Equity

£69,125

Rent Range

£550 - £1,650

Rent Estimate

£1,182

Running Costs/mo

£1,120

Cashflow/mo

£62

Cashflow/yr

£738

ROI

1%

Gross Yield

6%

Local Sold Prices

19 sold prices from £160K to £475K, average is £270K. £2K/m² to £7.1K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£200K09/230.24 mi7, Malmo Place, Glewstone, Ross-on-wye, Herefordshire HR9 6RW3
£220K07/241.34 mi10, Old High Town, Peterstow, Ross-on-wye, Herefordshire HR9 6ND3
£417K07/231.65 mi2, Everstone Farm Barns, Peterstow, Ross-on-wye, Herefordshire HR9 6NE3
£315K08/231.97 miOakwood, Wilton Lane, Wilton, Ross-on-wye, Herefordshire HR9 6AH3
£245K07/242.03 mi1, Laburnum Close, Ross-on-wye, Herefordshire HR9 5UB3
£260K05/242.22 mi10, Duxmere Drive, Ross-on-wye, Herefordshire HR9 5UN3
£420K02/242.26 mi10, The Shrubbery, Ross-on-wye, Herefordshire HR9 5BE3
£225K04/242.26 mi5, Coughton Place, Coughton, Ross-on-wye, Herefordshire HR9 5RX3
£250K05/242.27 mi1, Falaise Close, Ross-on-wye, Herefordshire HR9 5UT3
£300K04/242.33 mi9, The Roslins, Ross-on-wye, Herefordshire HR9 5XA3
£240K08/232.35 mi1, Chapel Road, Ross-on-wye, Herefordshire HR9 5PR3
£290K06/242.36 mi81, Duxmere Drive, Ross-on-wye, Herefordshire HR9 5UP3
£475K02/242.83 miAlton Gate, Penyard Lane, Ross-on-wye, Herefordshire HR9 5NR3
£430K02/242.84 mi24, Gloucester Road, Ross-on-wye, Herefordshire HR9 5LQ3
£285K01/242.9 mi14, Waterside, Ross-on-wye, Herefordshire HR9 5LN3
£270K03/242.95 miThe Graig, Brookfield Road, Ross-on-wye, Herefordshire HR9 7EL3
£160K03/242.95 mi71, Verschoyle Gardens, Ross-on-wye, Herefordshire HR9 7HH3
£272K09/232.96 mi3, Park Walk, Ross-on-wye, Herefordshire HR9 5LW3
£230K01/242.98 mi12, Grammar School Close, Ross-on-wye, Herefordshire HR9 7QD3

Local Rents

10 rents from £550/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£67509/240.82 miPencraig, Ross-on-Wye, HR91
£1,50004/241.38 mi-3
£90009/241.57 miBridstow, Ross-on-Wye, Herefordshire, HR92
£1,65009/241.78 miBridstow, Ross-on-Wye, Herefordshire, HR94
£1,40009/241.86 miWarryfields Cottage, Walford, Ross-On-Wye, HR9 5QW3
£1,10009/241.89 miBannut Tree Gardens, Bridstow, Ross-on-Wye3
£1,29509/242.02 miSycamore Close, Ross-on-Wye, Herefordshire, HR94
£1,35004/242.03 miDitton Cottage, St Owens Cross, Herefordshire, HR2 8LL3
£55009/242.13 miFlat , Wilton Post Office, Wilton, Ross-on-Wye1
£1,39509/242.2 miBivia Meadow, Goodrich, Ross-on-Wye, Herefordshire, HR93

Local Area Statistics

Population in hr9

20,936

Town centre distance

2.37 miles away

Nearest school

2 miles away

Nearest train station

11.58 miles away

 

 

Rental growth (12m)

+61%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Price changed to £250,000

February 28, 2025

Listed for £280,000

December 10, 2024

Floor Plans

Description

  • Lounge +
  • Kitchen/Dining Room +
  • Downstairs Bathroom +
  • Three Bedroom +
  • Conservatory +
  • Upstairs WC +
  • Large Garden +
  • Views to countryside at the front and rear aspects +
  • In need of some refurbishment +
  • EPC Rating: F +

No Onward Chain. An extremely well located along a quiet country lane this three bedroomed semi-detached former farm workers house requires some modernisation but offers space and a lovely rural outlook. Excellent road links via A40 providing excellent commutability to South Wales and Bristol.

The property is situated along a quiet country lane in the rural hamlet of Glewstone with lovely rural views across farmland from the front and rear aspects. Glewstone lies approximately two miles south west of Ross-on-Wye. The A40 is approximately one mile from the property giving good motorway access to the Midlands and South Wales

The property is entered via:
uPVC door with canopied front entrance porch leading into:

Hallway:
Stairs to first floor with understairs storage area. Tiled flooring. Radiator. Concertina door to:

Kitchen/Dining Room: 14'1" x 9'5" (4.3m x 2.87m)
Range of base and wall mounted units with circular sink. Plumbing for dishwasher, space for fridge and electric oven with hob above. LPG hob to side. Extractor fan. Tiled flooring. Feature fireplace. Built in larder cupboard to side. Radiator. uPVC door to:

Conservatory:
Patio door to side. uPVC door to front aspect. Velux windows. Door to utility cupboard with plumbing for washing machine.

Sitting Room: 16'1" x 11'6" (4.9m x 3.5m)
uPVC bay window to front and double glazed windows to rear aspect with quarry tiled sills. Radiator.

Bathroom:
Coloured suite comprising low level WC. Pedestal wash hand basin with tiled surround. Panelled bath. uPVC obscure glazed window to rear aspect. Radiator. Tiled flooring.

First Floor Landing:
Double glazed window to front aspect. Dado rail wood panelling. Radiator. Access to loft space. Door to airing cupboard with lagged hot water cylinder and immersion heater.

Bedroom 1: 14'5" x 9'4" (4.4m x 2.84m)
Double glazed windows to rear and side aspects. Radiator. Feature fireplace.

Bedroom 2: 11'7" x 8'8" (3.53m x 2.64m)
Double glazed window to rear aspect. Radiator. Built in storage cupboard.

Bedroom 3: 9'10" x 7'1" (3m x 2.16m)
Double glazed window to front aspect with quarry tiled sill. Radiator.

Separate WC:
Double glazed window to front aspect. Radiator. Pedestal wash hand basin.

Outside:
There is a parking area across the road. At the front of the property a pedestrian pathway leads to the generously sized front gardens and are laid to lawn and have views over neighbouring countryside. To the side there is a patio area which leads to an garden shed. The uncultivated rear gardens are laid to lawn. There is a workshop. Outside oil fired boiler.

Agents Notes:
The property is in need of complete refurbishment, the water has been turned off at the property and none of the services can be tested.
There is a right of access to the treatment plant in the garden which also serves the surrounding properties.

Directions:
From Ross-On-Wye proceed south westerly on the A40 towards Monmouth after approximately 1 mile turn right signposted Glewstone, proceed for approximately 1 mile to a small cross roads at the bottom of the hill, turn right and proceed for approximately 400 yards where the property can be found on your right hand side.

Verified Material Information
Council tax band: B
Electricity supply: Mains electricity
Water supply: Mains water supply
Sewerage: Sewerage treatment plant
Heating: Central heating
Broadband: FTTP (Fibre to the Premises)
Mobile coverage: O2, Vodafone, Three, EE - All Excellent
Parking: Allocated
Energy Performance rating: F

For the complete Verified Information on this property please either scan the QR code on the details or contact the office.

Agent Details

Richard Butler & Associates, Ross-On-Wye

01989 551078

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