2 Bed Flat, Refurb/BRRR, Ross-on-Wye, HR9 5JA, £375,000

Newly Renovated Luxury Apartment – Wilton Road, Ross-On-Wye, HR9 5JA - 2 months ago

Refurb/BRRR
~68 m²
+24 photos

ValuationOvervalued

Sold Prices£128K - £205K
Sold Prices/m²£1.9K/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.5K/m²

Value Estimate

£150,075

 

 

End Value (After Refurb)

£320,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£27,600

Bridging Loan Interest

£9,844

Total Cash In

£151,644

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£320,000

Mortgage (After Refinance)

£240,000

Mortgage LTV

75%

Cash Left In

£151,644

Equity

£80,000

Rent Range

£421 - £1,250

Rent Estimate

£798

Running Costs/mo

£1,180

Cashflow/mo

£-382

Cashflow/yr

£-4,579

Gross Yield

3%

Local Sold Prices

7 sold prices from £128K to £205K, average is £145K. £1.9K/m² to £3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£147.5K10/230.12 miSwan Court, Flat 5, Edde Cross Street, Ross-on-wye, Herefordshire HR9 7BZ2
£128K09/230.28 miWallace Court, Flat 30, Station Street, Ross-on-wye, Herefordshire HR9 7FW2
£130K05/240.28 miWallace Court, Flat 17, Station Street, Ross-on-wye, Herefordshire HR9 7FW2
£145K01/240.32 miGoodrich Court, Flat 8, Gloucester Road, Ross-on-wye, Herefordshire HR9 5GD2
£130K03/240.35 miKennedy Place, Flat 18, Brampton Street, Ross-on-wye, Herefordshire HR9 7EQ2
£205K02/240.45 miSt Josephs, Apartment 4, Walford Road, Ross-on-wye, Herefordshire HR9 5PQ2
£180K12/230.63 miAshburton Court, Apartment 3, Gloucester Road, Ross-on-wye, Herefordshire HR9 5PW2

Local Rents

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

RentDateDistanceAddressBeds 
£85002/250.1 mi-2
£87509/240.11 miSwan House, Edde Cross Street, Ross-on-Wye, Herefordshire, HR92
£97504/240.12 mi-2
£1,25004/250.12 mi-2
£75009/240.12 miSwan Court, Edde Cross Street, Ross-On-Wye, Herefordshire, HR92
£75009/240.12 miSwan Court, Edde Cross Street, Ross-On-Wye, Herefordshire, HR92
£85006/240.14 mi-2
£85006/240.14 mi-2
£77503/240.14 mi-2
£85011/240.17 mi-2
£85003/250.2 mi-2
£72509/240.27 miHenry Street, Ross-On-Wye, Herefordshire, HR92
£75009/240.28 miPalma Court, Brookend Street, Ross-on-Wye2
£75009/240.37 miOver Ross Street, Ross-On-Wye2
£83009/240.42 miPrimrose Close, Ross-on-Wye, HR92
£1,02509/240.46 miBrampton Close, Ross-on-Wye2
£42106/230.5 mi-2
£44804/250.56 mi-2

Local Area Statistics

Population in hr9

20,936

Town centre distance

0.19 miles away

Nearest school

0.30 miles away

Nearest train station

11.40 miles away

 

 

Rental growth (12m)

+61%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Listed for £375,000

February 26, 2025

Floor Plans

Description

  • Stunning Full Renovation +
  • Stylish Fixtures Throughout +
  • Brand New Kitchen & Bathroom +
  • Far Reaching Views Across River Wye +
  • Offered With No Onward Chain +
  • Over 1,400 sq. ft +

A Stunning Newly Renovated Grade II Listed 2 Bedroom Duplex Apartment with Riverside Views, part of a historic Victorian stone building in Ross-On-Wye, Herefordshire. Offered With No Onward Chain. Entrance Hall – Cloakroom – Utility/WC – Single Bedroom – Lower Floor Hallway – Kitchen/Dining/Living Room – Bathroom – Principal Bedroom – Storage Room – Boiler Closet – Private Lift – Permit On-Street Parking Dating back to 1837, this striking stone building was originally constructed as a British & Foreign School, a heritage denoted by an official blue plaque on its façade. Now beautifully converted, this stunning duplex apartment blends contemporary living with historic character. Exquisite period features sit harmoniously alongside modern finishes such as brass fixtures, quartz worktops, and stylish panelling. The property enjoys elevated views over the River Wye and is situated just moments from local cafés, restaurants, and the town centre. Known as the ‘birthplace of British tourism’, Ross-on-Wye boasts a wealth of historic charm, with timber-framed buildings and stunning riverside walks. Positioned in the picturesque Wye Valley, the town offers easy access to outdoor pursuits while providing excellent road links via the A40 and M50. The property occupies an elevated position on Wye Street, offering direct views over the river and neighbouring countryside, with a popular riverside restaurant just across the road.

The Property Entrance Hall & Cloakroom: Stepping through the entrance, the spacious hallway enjoys a tall ceiling with skylight windows, and hanging pendant lighting. Doors lead to a convenient cloakroom for coats and shoes, a utility, the second bedroom and a convenient lift accessing the lower floor. The hall, cloakroom and utility are all fitted in sleek LVT wood flooring. Utility/WC: A separate utility area provides plumbing for a washing machine and space for laundry storage, including a built-in WC. Bedroom 2: Carpeted upper floor single bedroom, enjoying a high ceiling with pendant lighting and beautiful window views of the River Wye and green landscape beyond.

Hallway: A large central hall on the lower floor, with fitted carpets, glazed door accessing the lift, and into all rooms on the floor. A small cupboard houses the underfloor heating manifold, with a large under-stairs storage closet housing the boiler. Kitchen/Dining/Living Room: The heart of the home, this spectacular open-plan space is bathed in natural light from beautifully restored arched windows. The bespoke kitchen features deep navy cabinetry with brass handles, integrated Bosch appliances, quartz worktops, and a Belfast sink, seamlessly blending modern sophistication with heritage charm. The generous layout allows ample space for dining and relaxation, all while enjoying sweeping views across the river. Bedroom 1: A vast double bedroom located on the lower floor, featuring plush carpets, panelled detailing, and pendant lighting. The room benefits from ample space for wardrobes, with steps leading into a further long storage space. Bathroom: A beautifully designed bathroom suite, finished in pale green subway tiles with stylish gold accents. The space includes a freestanding bathtub, a thermostatic rainhead shower with a glazed screen, a vanity unit with a mixer tap, an LED mirror, and a towel radiator.

Practicalities Herefordshire Council Tax Band ‘TBC’
Gas Central Heating
Wet Underfloor Heating Throughout
Double Glazed Throughout
All Mains Services
Ultrafast Full Fibre Available

Directions From Hereford, head south on the A49 for approximately 13 miles. Upon entering Ross-on-Wye, continue straight over the roundabout onto Wilton Road and proceed over the bridge. Continue around a left-hand bend and up the hill, where the property can be found on the left-hand side. What3Words: ///constrain.couple.salon

Agent Details

Glasshouse Estates and Properties LLP, Hereford

01432 805194

Next Steps?

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