3 Bed Detached House, Planning Permission, Ross-on-Wye, HR9 5SX, £439,950

Pontshill, HR9 5SX - 4 views - 3 months ago

Planning
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£82.5K - £570K
Sold Prices/m²£938/m² - £7.1K/m²

 

 

Square Metres

~93 m²
Price/m²£4.7K/m²

Value Estimate

£268,859

 

 

End Value (After Refurb)

£265,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£109,988

Stamp Duty & Legal Fees

£23,896

Refurb Costs

£37,686

Bridging Loan Interest

£11,549

Total Cash In

£184,868

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£265,000

Mortgage (After Refinance)

£198,750

Mortgage LTV

75%

Cash Left In

£184,868

Equity

£66,250

Rent Range

£528 - £3,500

Rent Estimate

£1,083

Running Costs/mo

£1,065

Cashflow/mo

£18

Cashflow/yr

£219

ROI

0%

Gross Yield

3%

Local Sold Prices

50 sold prices from £82.5K to £570K, average is £255K. £938/m² to £7.1K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£233.5K05/211.88 mi1, Lining Wood, Mitcheldean, Gloucestershire GL17 0EN3
£210K08/211.93 mi24, Ross Road, Mitcheldean, Gloucestershire GL17 0EQ3
£310K05/231.98 mi19, Hollywell Road, Mitcheldean, Gloucestershire GL17 0DL3
£233K10/222.08 mi4, Deans Way Road, Mitcheldean, Gloucestershire GL17 0BJ3
£240K10/212.09 mi3, Carisbrooke Road, Mitcheldean, Gloucestershire GL17 0SA3
£237K08/212.15 mi12, Bradley Court Road, Mitcheldean, Gloucestershire GL17 0SF3
£455K08/232.17 miSerenity House, Springfields, Drybrook, Gloucestershire GL17 9BW3
£500K11/202.17 miPoachers Lodge, Springfields, Drybrook, Gloucestershire GL17 9BW3
£185K08/232.24 mi9, Talbot Place, Mitcheldean, Gloucestershire GL17 0BD3
£170K03/212.24 mi4, Talbot Place, Mitcheldean, Gloucestershire GL17 0BD3
£158K07/212.28 mi9, Churchill Way, Mitcheldean, Gloucestershire GL17 0AZ3
£220K11/222.31 mi1, Orchard Close, Mitcheldean, Gloucestershire GL17 0JB3
£510K06/232.33 miPurlieu, Starve Beech, Drybrook, Herefordshire GL17 9BJ3
£282.5K10/212.41 mi12, Bracken Road, Drybrook, Gloucestershire GL17 9YD3
£245.5K08/222.41 mi92, Eastern Avenue, Mitcheldean, Gloucestershire GL17 0DG3
£350K08/222.43 mi26, Forest Edge, Drybrook, Gloucestershire GL17 9HY3
£205K01/212.45 miPiggy Bank, Hazel Hill, Drybrook, Gloucestershire GL17 9HJ3
£249.9K09/222.45 mi23, Eastern Avenue, Mitcheldean, Gloucestershire GL17 0DB3
£185K10/222.45 mi37, Parks Road, Mitcheldean, Gloucestershire GL17 0DQ3
£202K08/232.46 mi42, Parks Road, Mitcheldean, Gloucestershire GL17 0DH3
£260K01/232.48 mi11, Mannings Road, Drybrook, Gloucestershire GL17 9HS3
£180K12/202.48 mi67, Parks Road, Mitcheldean, Gloucestershire GL17 0DQ3
£130K02/212.48 mi2, Parks Road, Mitcheldean, Gloucestershire GL17 0DH3
£225K10/212.49 mi35, Baynham Road, Mitcheldean, Gloucestershire GL17 0JR3
£180K06/212.49 mi5, Woodland Road, Drybrook, Gloucestershire GL17 9HE3
£205K03/212.5 mi40, Baynham Road, Mitcheldean, Gloucestershire GL17 0JR3
£260K08/222.52 mi19, Vicarage Drive, Mitcheldean, Gloucestershire GL17 0XW3
£165.5K05/222.53 mi19, North Avenue, Drybrook, Gloucestershire GL17 9HU3
£180K08/222.53 mi3, North Avenue, Drybrook, Gloucestershire GL17 9HU3
£182.5K03/212.54 mi20, Colchester Close, Mitcheldean, Gloucestershire GL17 0JS3
£225K06/212.54 mi37, Colchester Close, Mitcheldean, Gloucestershire GL17 0JS3
£283K06/212.55 miNew Leaf, Hillside Road, Drybrook, Gloucestershire GL17 9EW3
£82.5K06/212.55 mi31, The Merrin, Mitcheldean, Gloucestershire GL17 0BU3
£263.3K11/222.56 miWindway, High Street, Drybrook, Gloucestershire GL17 9EU3
£430K10/222.62 miOld Manse, Manse Road, Drybrook, Gloucestershire GL17 9EH3
£320K11/222.63 miAnsmore, High Street, Drybrook, Gloucestershire GL17 9ET3
£220K11/202.63 miKinlea, High Street, Drybrook, Gloucestershire GL17 9ET3
£570K11/202.65 miGreystones, Church Road, Longhope, Gloucestershire GL17 0LL3
£376K04/212.66 miManor Lodge, New Road, Mitcheldean, Gloucestershire GL17 0EP3
£410K05/242.67 mi3, Harefields, Hildersley, Ross-on-wye, Herefordshire HR9 7NL3
£475K02/242.75 miAlton Gate, Penyard Lane, Ross-on-wye, Herefordshire HR9 5NR3
£290K01/212.78 miRosevale, Morse Lane, Drybrook, Gloucestershire GL17 9BD3
£272K09/232.79 mi3, Park Walk, Ross-on-wye, Herefordshire HR9 5LW3
£330K02/212.8 miKapella, Quabbs Road, Drybrook, Gloucestershire GL17 9JD3
£285K01/242.83 mi14, Waterside, Ross-on-wye, Herefordshire HR9 5LN3
£277K12/222.85 mi11, Rectory Meadow, Longhope, Gloucestershire GL17 0LQ3
£290K05/212.86 mi1, Church Road, Longhope, Gloucestershire GL17 0LH3
£300K04/212.86 mi4, Church Road, Longhope, Gloucestershire GL17 0LH3
£311K01/232.87 mi14, Rectory Meadow, Longhope, Gloucestershire GL17 0LQ3
£318K07/212.87 miHarline, Varnister Road, Ruardean, Gloucestershire GL17 9XD3

Local Rents

8 rents from £528/mo to £3.5K/mo, average is £590/mo.

RentDateDistanceAddressBeds 
£52803/251.02 mi-1
£3,50009/241.89 miKingstone Court, Weston Under Penyard, HR9 7PQ4
£67504/242.33 miHigh Street, Mitcheldean, Gloucestershire, GL172
£58502/252.35 mi-2
£58503/252.35 mi-2
£59504/242.35 mi-2
£59503/242.35 mi-2
£55006/232.36 mi-1

Local Area Statistics

Population in hr9

20,936

Town centre distance

3.36 miles away

Nearest school

0.70 miles away

Nearest train station

11.12 miles away

 

 

Rental growth (12m)

+61%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Listed for £439,950

January 24, 2025

Floor Plans

Description

A character barn conversion situated just over 3 miles south-east of the market town of Ross on Wye. The property is one of several, converted from redundant farm buildings approximately 20 years ago, and offers spacious accommodation which benefits from exposed wooden beams and an attractive stone fireplace. On the ground floor there is a large reception room, kitchen/breakfast room, utility and WC whilst on the first floor there are three double bedrooms, ensuite bathroom and separate shower room as well as an accessible attic room. The first floor layout could be enhanced with some minor alterations, creating even more usable space.

Outside there are lawned areas to the rear and side of the property where a gated access also allows off road parking.

The property currently has the benefit of an approved planning application, reference number P222925/FH, to create a single storey extension. Further details and drawings can be found at &search-service=uprn&search-source=Postal%20address&search-item=Lower%20Wharton%20Barn,%20Pontshill,%20Ross-on-Wye,%20Herefordshire,%20HR9%205SX

Living Room - 5.30m x 6.97m (17'5" x 22'10") - Double glazed window to rear, two double glazed windows to front, feature fireplace with stone built surround and wood burning stove, wooden mantle over, two double radiators, wooden flooring, TV point, power points, central heating thermostat, stairs to first floor, double glazed double doors to garden, door to:

Kitchen - 3.81m x 3.43m (12'6" x 11'3") - Fitted with a matching range of base and eye level units with worktop space over, 1.5 bowl sink unit, plumbing for washing machine, space for fridge/freezer, space and plumbing for dishwasher, range cooker with electric oven and 5 ring gas hob, extractor hood, double glazed window to side, double glazed window to rear, double radiator, tiled flooring, power points, light, exposed beams, double door to large storage cupboard, door to:

Utility - 1.40m x 1.46m (4'7" x 4'9") - Double glazed window to front, tiled flooring, light, floor mounted oil-fired boiler, door to:

Wc - Double glazed window to front, low-level WC, extractor fan, double radiator, tiled flooring, light.

Landing - Double glazed window to front, skylight, light door to inner landing and door to:.

Bedroom 1 - 3.77m x 3.45m (12'4" x 11'4") - Double glazed window to side, double radiator, wooden flooring, power points, light, exposed beams, door to:

En-Suite - With shower bath with mains shower over and glass screen, pedestal wash hand basin, low-level WC, part tiled walls, extractor fan, double glazed skylight, double glazed window to rear, wooden flooring, light, inter-connecting door to Bedroom 2.

Bedroom 2 - 4.03m x 3.47m (13'3" x 11'5") - Double glazed window to rear, double radiator, wooden flooring, power points, light, exposed beams, stairs to:

Attic - 3.34m x 3.16m (10'11" x 10'4") - With light.

Inner Landing - Two double glazed windows to front, double glazed skylight, double radiator, light, doors to:

Bedroom 3 - 3.68m x 3.39m (12'1" x 11'1") - Double glazed window to rear, double glazed skylight, double radiator, power points, light, exposed beams.

Shower Room - With tiled shower enclosure with mains shower over and glass screen, pedestal wash hand basin, low-level WC, tiled surround, heated towel rail, wooden flooring, light.

Outside - The property is approached from the rear via the shared drive which leads to the gated entrance into the garden, providing off road parking. The garden areas are predominantly laid to lawn, with a large shrubbery separating the rear and side areas. The aforementioned planning permission allows for a single storey extension to be built to the side of the property. N.B. The Shepherds Hut is not included in the sale.

Independent Financial Advice - We are able to arrange a no obligation introduction to a mortgage advisor who specialises in various areas of financial planning, including mortgages.

Local Authority & Charges - Herefordshire Council, . Band D, £2,281.34 (2024/25)

Money Laundering Regulations - To comply with money laundering regulations, prospective purchasers will be asked to produce photographic identification documentation at the time of making an offer. We ask for your cooperation in order that there is no delay in agreeing the sale.

N.B. - These particulars do not constitute part or all of an offer or contract. All information contained within these particulars is given in good faith but should not be relied upon as being a statement or representation of fact. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. None of the services or appliances mentioned in this brochure have been tested. We would recommend that prospective purchasers satisfy themselves as to their condition, efficiency and suitability before finalising their offer to purchase. All measurements are approximate and as such should be considered incorrect. Potential buyers are advised to recheck the measurements before committing to any expense. Any movable contents, fixtures and fittings, (whether wired or not) referred to in these property particulars (including any shown in the photographs) are, unless the particulars say otherwise, excluded from the sale. It should not be assumed that the property has all necessary planning, building regulation or other consents and these matters must be verified by an intending purchaser. Trivett Hicks has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor. All statements contained in these particulars as to this property are made without responsibility on the part of Trivett Hicks, or the vendors or lessors.

Services - Mains water and electricity are believed to be connected to the property. We understand that drainage is to a shared private septic tank, for which there is a contribution whenever the system needs emptying. Heating and hot water is provided by an oil fired boiler.

Tenure - Freehold

Viewing Arrangements - Strictly by arrangement with the Selling Agents, Trivett Hicks, 53 Broad Street, Ross-on-Wye. Tel: .

Communal Charges - We understand from the vendor that contributions are made on an ad-hoc basis as and when the driveway needs any repair and when the private sewerage needs emptying. We are told that during the past year these amounts total less than £100.00.

Planning - The property benefits from a planning approval under reference number P222925/FH, which allows for a single storey extension to the side. Full details can be found on Herefordshire Councils website.

Directions - From our Ross on Wye proceed east along the A40 towards Gloucester and continue throough the village of Weston under Penyard. After passing through Retford turn right onto Hawthorns Road, passing around a left, then right hand bend where the property will then be noticed after a short distance on the left hand side.

Agent Details

Trivett Hicks, Ross On Wye

01989 550969

Next Steps?

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