3 Bed Detached House, Refurb/BRRR, Ross-on-Wye, HR9 5JU, £450,000

18 Merrivale Crescent, Ross-on-Wye, Herefordshire HR9 5JU - 2 views - 2 months ago

Refurb/BRRR
~93 m²
+18 photos

ValuationOvervalued

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

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£270,759

 

 

End Value (After Refurb)

£415,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£37,686

Bridging Loan Interest

£11,813

Total Cash In

£188,448

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£415,000

Mortgage (After Refinance)

£311,250

Mortgage LTV

75%

Cash Left In

£188,448

Equity

£103,750

Rent Range

£421 - £3,500

Rent Estimate

£1,025

Running Costs/mo

£1,522

Cashflow/mo

£-497

Cashflow/yr

£-5,962

Gross Yield

3%

Local Sold Prices

22 sold prices from £160K to £475K, average is £278.5K. £2K/m² to £7.1K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£290K06/240.23 mi81, Duxmere Drive, Ross-on-wye, Herefordshire HR9 5UP3
£475K02/240.27 miAlton Gate, Penyard Lane, Ross-on-wye, Herefordshire HR9 5NR3
£240K08/230.27 mi1, Chapel Road, Ross-on-wye, Herefordshire HR9 5PR3
£300K04/240.28 mi9, The Roslins, Ross-on-wye, Herefordshire HR9 5XA3
£250K05/240.34 mi1, Falaise Close, Ross-on-wye, Herefordshire HR9 5UT3
£260K05/240.37 mi10, Duxmere Drive, Ross-on-wye, Herefordshire HR9 5UN3
£420K02/240.37 mi10, The Shrubbery, Ross-on-wye, Herefordshire HR9 5BE3
£285K01/240.45 mi14, Waterside, Ross-on-wye, Herefordshire HR9 5LN3
£272K09/230.5 mi3, Park Walk, Ross-on-wye, Herefordshire HR9 5LW3
£430K02/240.51 mi24, Gloucester Road, Ross-on-wye, Herefordshire HR9 5LQ3
£245K07/240.56 mi1, Laburnum Close, Ross-on-wye, Herefordshire HR9 5UB3
£230K01/240.63 mi12, Grammar School Close, Ross-on-wye, Herefordshire HR9 7QD3
£410K05/240.87 mi3, Harefields, Hildersley, Ross-on-wye, Herefordshire HR9 7NL3
£270K03/240.87 miThe Graig, Brookfield Road, Ross-on-wye, Herefordshire HR9 7EL3
£315K08/231.01 miOakwood, Wilton Lane, Wilton, Ross-on-wye, Herefordshire HR9 6AH3
£160K03/241.08 mi71, Verschoyle Gardens, Ross-on-wye, Herefordshire HR9 7HH3
£227.5K11/231.09 mi29, Three Crosses Road, Ross-on-wye, Herefordshire HR9 7HB3
£375K02/241.16 mi19, Chatsworth Close, Ross-on-wye, Herefordshire HR9 7XH3
£225K04/241.18 mi5, Coughton Place, Coughton, Ross-on-wye, Herefordshire HR9 5RX3
£250K10/231.18 mi11, Mayhill Road, Ross-on-wye, Herefordshire HR9 7EU3
£310K09/231.19 mi19, Sandringham Close, Ross-on-wye, Herefordshire HR9 7XN3
£308K08/241.21 mi12, Swallow Road, Ross-on-wye, Herefordshire HR9 7WS3

Local Rents

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

RentDateDistanceAddressBeds 
£57509/240.45 miCopse Cross Street1
£59509/240.48 miCopse Cross Street1
£85003/250.5 mi-2
£97504/240.53 mi-2
£1,25004/250.53 mi-2
£85006/240.53 mi-2
£85006/240.53 mi-2
£1,10011/240.53 mi-3
£85011/240.53 mi-2
£79503/250.54 mi-1
£75001/250.54 mi-1
£65006/230.55 mi-1
£75012/240.55 mi-1
£92509/240.56 miCasson Place, Henry Street, Ross-On-Wye, Herefordshire, HR93
£72509/240.56 miHenry Street, Ross-On-Wye, Herefordshire, HR92
£77503/240.56 mi-2
£1,05009/240.56 mi4B Henry Street, Ross-on-Wye3
£85002/250.56 mi-2
£1,29509/240.57 miSycamore Close, Ross-on-Wye, Herefordshire, HR94
£60006/230.6 mi-1
£65009/240.61 miWye Street, Ross-On-Wye1
£42106/230.65 mi-2
£87509/240.65 miSwan House, Edde Cross Street, Ross-on-Wye, Herefordshire, HR92
£75009/240.66 miSwan Court, Edde Cross Street, Ross-On-Wye, Herefordshire, HR92
£75009/240.66 miSwan Court, Edde Cross Street, Ross-On-Wye, Herefordshire, HR92
£49509/240.68 miFlat 22 Palma Court, Brookend Street, Ross-on-Wye1
£75009/240.68 miPalma Court, Brookend Street, Ross-on-Wye2
£75009/240.79 miOver Ross Street, Ross-On-Wye2
£1,02509/240.92 miBrampton Close, Ross-on-Wye2
£55009/240.95 miFlat , Wilton Post Office, Wilton, Ross-on-Wye1
£46703/250.95 mi-1
£83009/240.98 miPrimrose Close, Ross-on-Wye, HR92
£1,39508/241.02 mi-4
£1,29509/241.07 miOld Tannery Way, Ross-on-Wye, Herefordshire, HR94
£44804/251.09 mi-2
£1,10009/241.17 miBannut Tree Gardens, Bridstow, Ross-on-Wye3
£49003/251.18 mi-1
£1,50004/241.36 mi-3
£1,00009/241.38 miTurbit Close, Ross-On-Wye2
£1,05009/241.4 miFrillbank Road, Ross-On-Wye2
£90009/241.74 miBridstow, Ross-on-Wye, Herefordshire, HR92
£1,40009/241.8 miWarryfields Cottage, Walford, Ross-On-Wye, HR9 5QW3
£1,65009/241.99 miBridstow, Ross-on-Wye, Herefordshire, HR94
£3,50009/242.03 miKingstone Court, Weston Under Penyard, HR9 7PQ4
£52803/252.11 mi-1
£2,50005/242.4 mi-5
£2,60011/242.4 mi-5
£1,00004/252.4 mi-1

Local Area Statistics

Population in hr9

20,936

Town centre distance

0.54 miles away

Nearest school

0.20 miles away

Nearest train station

11.69 miles away

 

 

Rental growth (12m)

+61%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Listed for £450,000

February 5, 2025

Floor Plans

Description

  • Character Property +
  • Edge of Town Location +
  • No Onward Chain +
  • South East facing garden +

The Property Hub is delighted to present this beautiful three-bedroom detached home in Merrivale, available with no onward chain. This charming residence offers a fantastic opportunity for buyers seeking a spacious and well-located home with great potential for modernisation.

As you step through the front door, you are welcomed into a bright and airy entrance hall adorned with stunning wooden floors. These elegant floors extend into the living room, which can be accessed through a door on the right. This impressive space stretches from the front to the rear of the property, featuring a characteristic bay window at the front, two additional side windows, and a large rear-facing window that floods the room with natural light. The triple-aspect design creates a warm and inviting atmosphere, making it an ideal space to relax by the feature fireplace or enjoy a dining area with views of the garden.

The kitchen, accessible from both the living room and the rear of the entrance hall, is compact yet practical, offering all the necessary units and appliances required for everyday use. From the kitchen, a door leads into an inner hall, which provides access to the utility room-an ideal space for housing a washing machine and tumble dryer, keeping them separate from the main living areas. This hall also includes a convenient WC, a door into the rear of the garage (which benefits from power sockets and lighting), as well as access to both the front and rear of the property. This additional entrance enhances accessibility and functionality.

Upstairs, the property boasts two spacious double bedrooms along with a generously sized single bedroom. The impressive shower room serves the first floor, featuring a fitted toilet, sink, and a large double tray shower for added comfort and convenience.

Externally, the property offers a driveway providing off-road parking, complemented by a front lawn that could be adapted for additional parking if required. The spectacular rear garden is predominantly laid to lawn and is enhanced by mature trees and shrubs, creating a secure and tranquil outdoor space perfect for children and pets.

Situated in a sought-after location, this home presents an excellent opportunity for those looking to add their personal touch through some basic modernisation. With its spacious layout, beautiful garden, and great potential, this property would make a fantastic family home.

Ross-on-Wye is a charming market town situated near the Welsh border, nestled along the banks of the River Wye just north of the Forest of Dean. The town boasts a range of attractions, including historic landmarks such as Wilton Castle, Goodrich Castle, and Eastnor Castle. In addition to these cultural gems, Ross features a collection of galleries and independent craft shops, alongside larger brand stores for diverse shopping experiences.

For those seeking recreational activities, the local Halo leisure centre offers a comprehensive package with a gym, classes, sauna, steam room, and a swimming pool. Sports enthusiasts can join the Rugby, Tennis, Cricket, Football, Golf, and Rowing clubs, while nature lovers can explore the nearby Forest of Dean, which provides an abundance of walking trails, cycling routes, and horse riding trails. Symonds Yat, Wye Valley Butterfly Zoo, and The Forest of Dean Sculpture Trail are also notable attractions in the surrounding area. The property has the Town and Country trail that runs across the rear so you have countryside walks on the doorstep.

Ross-on-Wye provides a diverse dining scene, with options ranging from traditional pubs like The Hope and Anchor, Man of Ross, and the idyllic Loughpool, to Indian, Chinese, and Fish & Chip establishments. The terrace of The Royal Hotel is particularly recommended for its scenic views.

In terms of education, Ross boasts several well-regarded primary schools, including Ashfield Park, St Josephs, Brampton Abbots, and Bridstow. John Kyrle High School serves as the primary secondary school in the region.

Geographically, Ross-on-Wye is strategically located, making it a popular choice for residents due to its easy commuting links. The town provides convenient access north to Hereford, south to Monmouth and South Wales, and east to Gloucester and Cheltenham. The M50 facilitates further travel on the M5, enabling journeys both north and south.

In summary, Ross-on-Wye stands out as a picturesque and vibrant town, offering a blend of cultural, recreational, and educational amenities, coupled with excellent commuting options for residents.

Council Tax Band: E (Herefordshire Council)
Tenure: Freehold
Building safety issues: History of Subsidence

Agent Details

The Property Hub, Ross On Wye

01989 551098

Next Steps?

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