2 Bed Semi-Detached House, Cash/Bridging Only, Hereford, HR2 6NN, £275,000

2 Pear Tree Cottages, Ballingham, Hereford, HR2 6NN - 1 views - a month ago

Cash
ROI: 4%
~68 m²
+13 photos

Valuation

Sold Prices£193K - £247.5K
Sold Prices/m²£2.1K/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

 

 

End Value (After Refurb)

£250,625

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£16,200

Refurb Costs

£27,612

Bridging Loan Interest

£7,219

Total Cash In

£121,530

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£250,625

Mortgage (After Refinance)

£187,969

Mortgage LTV

75%

Cash Left In

£121,530

Equity

£62,656

Rent Range

£1,500 - £1,500

Rent Estimate

£1,500

Running Costs/mo

£1,103

Cashflow/mo

£397

Cashflow/yr

£4,762

ROI

4%

Gross Yield

7%

Local Sold Prices

2 sold prices from £193K to £247.5K, average is £220.3K.

PriceDateDistanceAddressBeds 
£247.5K04/231.34 mi7, Fairfield Green, Fownhope, Hereford, Herefordshire HR1 4NL2
£193K02/211.34 mi7, Fairfield Green, Fownhope, Hereford, Herefordshire HR1 4NL2

Local Rents

1 rents from £1.5K/mo to £1.5K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,50003/241.05 miHolme Lacy, Hereford3

Local Area Statistics

Population in HR2

38,935

Population in Hereford

101,068

Town centre distance

9.88 miles away

Nearest school

1.30 miles away

Nearest train station

6.16 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-47%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £275,000

March 7, 2025

Floor Plans

Description

  • Charming two-bedroom converted cider mill +
  • Stunning countryside views and large balcony +
  • Spacious living room with exposed beams +
  • 0.55 acres of land for various uses +
  • Outbuilding offers versatile potential use +
  • Secure garage and ample parking space +
  • Peaceful village with great local amenities +
  • Huge potential for modernisation throughout +

A charming two-bedroom semi-detached converted cider mill in Ballingham, brimming with potential for modernisation and boasting breathtaking countryside views and 0.55 acres of land.

• A unique two-bedroom semi-detached converted cider mill split over three levels, full of history and character with lots of scope for personalisation.

• A large balcony on the first floor with stunning, uninterrupted views of the rolling countryside and the River Wye.

• A generous reception room with exposed beams and dual-aspect windows provides a bright and welcoming living space.

• The property sits on 0.55 acres of land, offering ample outdoor space for a variety of uses.

• Included in the sale is an outbuilding across the road, formerly the village shop, which offers versatile use as a workshop, home office, or studio.

• A secure garage provides parking or additional storage, and there is off-road parking available for multiple vehicles.

• Located in a delightful village setting with amenities nearby.

The kitchen
The kitchen retains a nostalgic charm with its traditional wooden cabinetry and tiled walls. A large window and back door flood the space with natural light and provide access to the rear garden. With its practical layout, this room offers fantastic potential for modernisation, allowing buyers to create a stylish, contemporary kitchen that harmonises with the property’s rich history.

The living room
Once part of the original cider mill, this spacious living room is full of character, featuring exposed beams and dual-aspect windows that frame spectacular countryside views. The room is flooded with natural light, making it a warm and welcoming space. A door provides direct access to the outdoor space, seamlessly connecting the indoors with the beautiful surroundings. While the décor is traditional, it offers a fantastic opportunity for personalisation, blending modern updates with the property’s rustic charm.

The primary bedroom
A bright, airy and spacious double bedroom with dual aspect windows offering breathtaking views of the surrounding countryside and River Wye. The room maintains a traditional feel but has great potential for a modern update.

The second bedroom
Located on the second floor the second bedroom is another well proportioned double room, also with large dual aspect windows that fill the room with natural light.

The bathroom
The bathroom is well-proportioned and conveniently located. Currently featuring a classic suite, the space offers an excellent opportunity for an upgrade, allowing buyers to create a stylish and contemporary bathroom that complements the home’s character.

The garden and balcony
Extending to approximately 0.55 acres, the garden is a standout feature of this property, offering an idyllic setting for relaxation, gardening, or outdoor activities. Surrounded by rolling countryside, it provides ample space, making it perfect for those looking to embrace country living. One of the home’s most impressive features is its spacious balcony, which offers panoramic views of the stunning landscape. Accessible from the first floor, it is the perfect spot for morning coffee or evening sunsets.

The outbuilding and garage
Included in the sale is a large garage, providing secure parking and valuable extra storage space. Across the road, an outbuilding with a second stretch of land, formerly the village shop, offers versatile potential as a workshop, home office or studio.

Agent note
Across the road from the main property is an outbuilding and a plot of land
which is also included in the sale.

Ballingham is a delightful rural village set in the heart of Herefordshire’s picturesque countryside. As part of the scenic Wye Valley, it offers a peaceful lifestyle with an abundance of walking routes, wildlife, and unspoiled natural beauty.

Despite its tranquil setting, Ballingham is well-connected. The market town of Ross-on-Wye is within easy reach, offering a range of independent shops, cafés, and restaurants. Hereford, approximately 9 miles away, provides further amenities, including supermarkets, schools, healthcare facilities, and a railway station. The M50 motorway is also accessible, connecting to the M5 for wider travel.

This charming former cider mill presents a rare opportunity to own a home steeped in history, with stunning views and enormous potential to modernise and create a truly exceptional countryside retreat.

The property benefits from a septic tank, mains electricity and mains water.

Council tax band C

Reservation Fee - refundable on exchange

A reservation fee, refundable on exchange, is payable prior to the issue of the Memorandum of Sale and after which the property may be marked as Sold Subject to Contract. The fee will be reimbursed upon the successful Exchange of Contracts.

The fee will be retained by Andrew Grant in the event that you the buyer withdraws from the purchase or does not Exchange within 6 months of the fee being received other than for one or more of the following reasons:

1. Any significant material issues highlighted in a survey that were not evident or drawn to the attention of you the buyer prior to the Memorandum of Sale being issued.
2. Serious and material defect in the seller’s legal title.
3. Local search revealing a matter that has a material adverse effect on the market value of the property that was previously undeclared and not in the public domain.
4. The vendor withdrawing the property from sale.

The reservation fee will be 0.5% of the accepted offer price for offers below £800,000 and 1% for offers of £800,000 or over. This fee, unless specified otherwise, is payable upon acceptance by the vendor of an offer from a buyer and completion of an assessment of the buyer’s financial status and ability to proceed.

Should a buyer’s financial position regarding the funding of the property prove to be fundamentally different from that declared by the buyer when the Memorandum of Sale was completed, then the Vendor has the right to withdraw from the sale and/or the reservation fee retained. For example, where the buyer declares themselves as a cash buyer but are in fact relying on an unsecured sale of their property.

Once the reservation fee has been paid, any renegotiation of the price stated in the memorandum of sale for any reason other than those covered in points 1 to 3 above will lead to the reservation fee being retained. A further fee will be levied on any subsequent reduced offer that is accepted by the vendor. This further fee will be subject to the same conditions that prevail for all reservation fees outlined above.

Agent Details

Andrew Grant, Covering the West Midlands

01905 673182

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪