4 Bed Detached House, Refurb/BRRR, Ledbury, HR8 2DB, £450,000

The White House, Victoria Road, Ledbury, Herefordshire, HR8 2DB - 3 views - a month ago

Refurb/BRRR
Planning
~129 m²
+9 photos

ValuationOvervalued

Sold Prices£210K - £680K
Sold Prices/m²£2K/m² - £4.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.5K/m²

Value Estimate

£421,491

 

 

End Value (After Refurb)

£400,280

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£33,700

Refurb Costs

£52,397

Bridging Loan Interest

£11,813

Total Cash In

£212,159

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£400,280

Mortgage (After Refinance)

£300,210

Mortgage LTV

75%

Cash Left In

£212,159

Equity

£100,070

Rent Range

£850 - £1,445

Rent Estimate

£1,149

Running Costs/mo

£1,501

Cashflow/mo

£-352

Cashflow/yr

£-4,220

Gross Yield

3%

Local Sold Prices

38 sold prices from £210K to £680K, average is £391.5K. £2K/m² to £4.9K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£300K01/230.07 mi2, Lower Road, Ledbury, Herefordshire HR8 2DH4
£260K08/210.11 mi16, Oatleys Terrace, Ledbury, Herefordshire HR8 2BX4
£440K10/220.15 mi10, Canal Walk, Ledbury, Herefordshire HR8 2ED4
£222.5K07/230.25 mi10, Queensway, Ledbury, Herefordshire HR8 2AY4
£285K05/230.25 mi18, Queensway, Ledbury, Herefordshire HR8 2AY4
£572K02/210.28 miBadminton, New Street, Ledbury, Herefordshire HR8 2EE4
£375K05/210.3 mi12, Farjeon Close, Ledbury, Herefordshire HR8 2FU4
£480K01/230.3 mi24, Farjeon Close, Ledbury, Herefordshire HR8 2FU4
£265K01/210.33 mi31, New Street, Ledbury, Worcestershire HR8 2EA4
£322K01/210.33 miOak House, 51, New Street, Ledbury, Herefordshire HR8 2EA4
£370K06/210.4 mi6, Browning Road, Ledbury, Herefordshire HR8 2FT4
£460K12/220.41 mi35, Browning Road, Ledbury, Herefordshire HR8 2GA4
£210K02/210.41 mi4, Russet Close, Ledbury, Herefordshire HR8 2XR4
£432.5K06/210.48 mi28, Bramley Close, Ledbury, Herefordshire HR8 2XP4
£385K10/220.5 mi37, Hazle Close, Ledbury, Herefordshire HR8 2XX4
£410K12/210.51 mi18, Worcester Road, Ledbury, Herefordshire HR8 1PL4
£406K06/210.53 mi12, Newton Close, Ledbury, Worcestershire HR8 2XG4
£352K06/210.54 mi11, Ferndown Road, Ledbury, Herefordshire HR8 2XH4
£375K10/220.54 mi25, Blenheim Drive, Ledbury, Herefordshire HR8 2XE4
£298K02/230.55 mi2, Upperhall Close, Ledbury, Herefordshire HR8 1SZ4
£377.5K12/200.57 mi3, Abercrombie Close, Ledbury, Herefordshire HR8 2UR4
£450K11/200.57 mi1, Abercrombie Close, Ledbury, Worcestershire HR8 2UR4
£355K06/210.58 mi17, Orchard Place, Ledbury, Herefordshire HR8 2XD4
£285K11/200.58 mi6, Church Street, Ledbury, Herefordshire HR8 1DJ4
£400K03/210.62 mi4, Shepherds Close, Ledbury, Herefordshire HR8 2XF4
£601K03/230.62 mi29, Bank Crescent, Ledbury, Herefordshire HR8 1AE4
£335K08/210.63 miTurn Pike Cottage, The Homend, Ledbury, Herefordshire HR8 1AP4
£490K10/220.64 miWinton, The Homend, Ledbury, Herefordshire HR8 1AP4
£429.9K07/230.64 mi59, Biddulph Way, Ledbury, Herefordshire HR8 2HP4
£415K11/200.68 mi55, Bank Crescent, Ledbury, Worcestershire HR8 1AF4
£415K11/200.68 mi55, Bank Crescent, Ledbury, Worcestershire HR8 1AF4
£680K12/200.68 mi61, Bank Crescent, Ledbury, Herefordshire HR8 1AF4
£410K03/210.74 mi3, Progress Close, Ledbury, Herefordshire HR8 2QZ4
£365K09/210.74 mi15, Progress Close, Ledbury, Worcestershire HR8 2QZ4
£397.9K04/210.75 mi40, Saxon Way, Ledbury, Worcestershire HR8 2QY4
£430K11/220.75 mi10, Saxon Way, Ledbury, Herefordshire HR8 2QY4
£609K12/200.8 miSwallows Rest, Gloucester Road, Ledbury, Worcestershire HR8 2JE4
£300K03/210.81 miWylde House, Gloucester Road, Ledbury, Herefordshire HR8 2JE4

Local Rents

14 rents from £850/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95012/240.09 miFoxdene, Albert Road, Ledbury, Herefordshire, HR83
£1,39505/240.31 mi-4
£1,39512/240.31 mi-4
£1,44512/240.31 miThe Mews, Ledbury, HR84
£1,44505/240.31 mi-4
£95012/240.41 mi-3
£85004/240.42 miRusset Close, Ledbury, Herefordshire, HR83
£90002/250.44 mi-3
£95011/240.44 mi-3
£1,10012/240.52 mi-3
£1,10007/240.52 mi-3
£1,10001/250.54 mi-3
£1,25012/240.58 mi-4
£1,25012/240.59 miKipling Road, Ledbury, Herefordshire, HR83

Local Area Statistics

Population in HR8

14,179

Town centre distance

0.23 miles away

Nearest school

0.40 miles away

Nearest train station

0.79 miles away

 

 

Rental growth (12m)

+42%

Sales demand

Buyer's market

Capital growth (5yrs)

+11%

Property History

Listed for £450,000

March 4, 2025

Floor Plans

Description

  • A Spacious 4 Bedroomed Detached House +
  • Gas Central Heating & Double Glazing +
  • In Need Of Updating +
  • Popular Residential Location +
  • Large Garden +
  • Potential Building Plot (subject to planning consent) +
  • Double Garage with Large Attached Office +
  • Workshop, Store & Shed +
  • Considerable Potential +

An Individual 3 Bedroomed Detached House In Need Of Updating In A Popular Location Standing In A Large Garden With Potential Building Plot (Subject To Consent) And A Range Of Outbuildings Including Double Garage With Large Attached Office/Further Garaging, Store And Workshop. EPC: D

Location
Ledbury is a thriving and expanding town which has a range of local facilities and amenities including shops, schools, churches, restaurants, theatre, doctors surgeries, community hospital and a mainline railway station, with direct links to Hereford, Worcester, Birmingham New Street, Oxford, Reading and London Paddington. The cities of Hereford, Worcester and Gloucester are all approximately 16 miles distant with the M50 motorway available approximately 4 miles to the south of the town.

Description
Offering considerable potential a spacious detached house in need of updating situated in a popular and convenient residential location within the town of Ledbury.

The property has gas fired central heating and double glazing. Offering scope for updating the accommodation is arranged on the ground floor with an enclosed entrance porch, reception hall, a snug, sitting room, inner hall, cloakroom with WC, dining kitchen, a garden room and utility room. On the first floor the landing gives access to four bedrooms and a bathroom with WC.

The property has a large garden which may offer some potential for a building plot, subject to planning consent. There is off road parking and a double garage with an attached office/further garaging. There is also a store, workshop and shed.

ACCOMMODATION:
Enclosed Entrance Porch
With Multi-pane front door. Double glazed window to front. Multi-pane door to:

Reception Hall
With telephone point. Single radiator. Stairs to first floor. Built-in understairs cupboard.

Sitting Room 4.85m (15ft 8in) x 3.97m (12ft 10in) max.
Having a fireplace with fitted log effect gas fire. TV point. Large single radiator. Coving. Double glazed window to front. Double glazed sliding doors to garden room.

Inner Hall
With single radiator. Tiled floor.

Snug/Study 3.23m (10ft 5in) x 3.07m (9ft 11in)
With wall mounted gas fire (with back boiler). Double radiator. TV point. Double glazed windows to front and side.

Cloakroom
Having a wash basin with tiled surrounds and a WC. Single radiator. Tiled floor. Double glazed window to side.

Dining Kitchen 5.73m (18ft 6in) x 2.45m (7ft 11in)
Fitted with a stainless steel sink with base unit under. Further base units. Wall mounted cupboards. Work surfaces with tiled surrounds. Built-in double oven. Fitted 4 ring gas hob. Plumbing for dishwasher. Double radiator. Tiled floor. Double glazed windows to side and rear.

Garden Room 4.13m (13ft 4in) x 3.28m (10ft 7in)
With multi-pane door to side. Double glazed sliding patio doors to rear.

Utility Room 4.39m (14ft 2in) x 1.52m (4ft 11in)
With a fitted stainless steel sink. Plumbing for washing machine. Double glazed windows to side and rear.

Landing
Having an airing cupboard housing a hot water cylinder. Further airing cupboard with slatted shelving and a radiator.

Bedroom 1 4.85m (15ft 8in) x 2.84m (9ft 2in)
With double radiator. Double glazed windows to front and rear.

Bedroom 2 3.23m (10ft 5in) x 3.04m (9ft 10in)
With single radiator. Double glazed window to front.

Bedroom 3 4.52m (14ft 7in) x 2.30m (7ft 5in) max.
With built-in triple wardrobe with sliding doors. Double glazed window to rear.

Bedroom 4 2.68m (8ft 8in) x 2.48m (8ft)
With single radiator. Double glazed window to rear.

Bathroom
Having a panelled bath with shower over, wash basin, bidet and a WC. Extensive tiled surrounds. Single radiator. Extractor fan. Access to roof space. Double glazed window to front.

Outside
To the front of the property there is a small stone terrace.

A driveway to side provides off road parking and gives access to a DOUBLE GARAGE (18'4 x 17') with twin up and over doors, light and power, door to side and sliding doors through to a LARGE OFFICE/FURTHER GARAGING (18'10 x 16'10) with light and power.

To the rear of The White House there is a large part walled garden being arranged with a paved terrace, rockery and an area of lawn with small pond. A gateway to the rear of the garden gives access to an enclosed vegetable garden.

There is also a wooden STORE, WORKSHOP and a SHED.

The size of the garden may offer potential for a building plot subject to necessary planning consent.

Services
We have been advised that all mains services are connected to the property. This information has not been checked with the respective service providers and interested parties may wish to make their own enquiries with the relevant local authority. No statement relating to services or appliances should be taken to imply that such items are in satisfactory working order and intending occupiers are advised to satisfy themselves where necessary.

Directions
From the agents Ledbury office turn left at the traffic lights and proceed along the High Street. Turn left opposite the black and white market hall into Bye Street and continue straight on into Bridge Street. Turn left into Victoria Road and the property will then be located on the left hand side.

Council Tax
COUNCIL TAX BAND E

Energy Performance Certificate
The EPC rating for this property is D (55)

Viewing
By appointment to be made through the Agent's Ledbury Office (Tel: )

General
Intending purchasers will be required to produce identification documentation and proof of funding in order to comply with The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. More information can be made available upon request.

John Goodwin FRICS has made every effort to ensure that measurements and particulars are accurate however prospective purchasers/tenants must satisfy themselves by inspection or otherwise as to the accuracy of the information provided. No information with regard to planning use, structural integrity, tenure, availability/operation, business rates, services or appliances has been formally verified and therefore prospective purchasers/tenants are requested to seek validation of all such matters prior to submitting a formal or informal intention to purchase/lease the property or enter into any contract.

Tenure
We are advised (subject to legal confirmation) that the property is Freehold.

A Spacious 4 Bedroomed Detached House

Gas Central Heating & Double Glazing

In Need Of Updating

Popular Residential Location

Large Garden

Potential Building Plot (subject to planning consent)

Double Garage with Large Attached Office

Workshop, Store & Shed

Considerable Potential

Agent Details

John Goodwin FRICS, Ledbury

01531 808756

Next Steps?

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