2 Bed Terraced House, Refurb/BRRR, Ross-on-Wye, HR9 5LZ, £230,000

24 North Road, Ross-On-Wye, HR9 5LZ - 15 days ago

Refurb/BRRR

~68 m²

+6 photos

ValuationOvervalued

Sold Prices	£150K - £375K
Sold Prices/m²	£2.3K/m² - £4.9K/m²

Square Metres	~68.11 m²
Price/m²	£3.4K/m²
Value Estimate	£209,675£209,675

End Value (After Refurb)	£203,687£203,687

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£57,500£57,500
Stamp Duty & Legal Fees	£14,800£14,800
Refurb Costs	£27,600£27,600
Bridging Loan Interest	£6,038£6,038
Total Cash In	£107,688£107,688

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£203,687£203,687
Mortgage (After Refinance)	£152,765£152,765
Mortgage LTV	75%75%
Cash Left In	£107,688£107,688
Equity	£50,922£50,922
Rent Range	£421 - £1,250£421 - £1,250
Rent Estimate	£800
Running Costs/mo	£817£817
Cashflow/mo	£-17£-17
Cashflow/yr	£-198£-198
Gross Yield	4%4%

Local Sold Prices

23 sold prices from £150K to £375K, average is £217K. £2.3K/m² to £4.9K/m², average is £3.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£227K	08/23	0 mi	18, North Road, Ross-on-wye, Herefordshire HR9 5LZ	£3,180	71	2	Terraced House
£225K	08/23	0 mi	19, North Road, Ross-on-wye, Herefordshire HR9 5LZ	£3,098	73	2	Terraced House
£320K	02/24	0.02 mi	Averil, Weston Grove, Ross-on-wye, Herefordshire HR9 5LU	£3,721	86	2	Bungalow
£183.5K	09/23	0.12 mi	12, Beechwood, Ross-on-wye, Herefordshire HR9 7QE	£3,110	59	2	Semi-Detached House
£282K	05/24	0.28 mi	3, Waterside, Ross-on-wye, Herefordshire HR9 5LN	£2,968	95	2	Bungalow
£357.5K	03/24	0.53 mi	50, Court Road, Ross-on-wye, Herefordshire HR9 7XF	£3,663	98	2	Bungalow
£185K	12/23	0.53 mi	32, Merrivale Lane, Ross-on-wye, Herefordshire HR9 5JL	£2,467	75	2	Semi-Detached House
£217K	12/23	0.58 mi	34, Brampton Road, Ross-on-wye, Herefordshire HR9 7EH	£2,679	81	2	Semi-Detached House
£375K	08/24	0.61 mi	8, Overross Close, Ross-on-wye, Herefordshire HR9 7BQ	£4,032	93	2	Bungalow
£190K	10/23	0.61 mi	16, Oaklands Court, Ross-on-wye, Herefordshire HR9 7HD	£3,455	55	2	Terraced House
£168.5K	07/24	0.68 mi	21, Honeysuckle Close, Ross-on-wye, Herefordshire HR9 7RJ	£3,343	50	2	Terraced House
£157K	03/24	0.68 mi	18, Honeysuckle Close, Ross-on-wye, Herefordshire HR9 7RJ	£3,078	51	2	Semi-Detached House
£205K	08/23	0.68 mi	39, Honeysuckle Close, Ross-on-wye, Herefordshire HR9 7RJ	£3,868	53	2	Bungalow
£218K	07/24	0.86 mi	Sandygate, Sixth Avenue, Greytree, Ross-on-wye, Herefordshire HR9 7HL	£2,295	95	2	Terraced House
£205K	03/24	0.97 mi	8, Tudor Street, Ross-on-wye, Herefordshire HR9 5PS	£3,060	67	2	Terraced House
£265K	05/24	0.99 mi	9, Duxmere Drive, Ross-on-wye, Herefordshire HR9 5UN	£4,907	54	2	Bungalow
£200K	11/23	1.11 mi	5, Purland, Ross-on-wye, Herefordshire HR9 5QA	£2,857	70	2	Semi-Detached House
£315K	08/24	1.13 mi	5, Danum Road, Ross-on-wye, Herefordshire HR9 5UG	£3,539	89	2	Bungalow
£260K	04/24	1.18 mi	20, Watling Street, Ross-on-wye, Herefordshire HR9 5UF	£3,285	79	2	Bungalow
£155K	02/24	1.62 mi	39, The Claytons, Bridstow, Ross-on-wye, Herefordshire HR9 6QD	£2,279	68	2	Semi-Detached House
£150K	01/24	1.83 mi	1, Sandiway Cottages, Weston Under Penyard, Ross-on-wye, Herefordshire HR9 7PE	£2,381	63	2	Terraced House
£178.5K	06/24	1.84 mi	11, Seabrook Place, Weston Under Penyard, Ross-on-wye, Herefordshire HR9 7PB	£2,550	70	2	Terraced House
£285K	08/24	1.95 mi	1, White Cross Cottages, Bridstow, Ross-on-wye, Herefordshire HR9 6JU	-	-	2	Semi-Detached House

Local Rents

16 rents from £421/mo to £1.3K/mo, average is £850/mo.

Rent	Date	Distance	Address	Beds	Type
£421	06/23	0.1 mi	-	2	Flat
£725	09/24	0.33 mi	Henry Street, Ross-On-Wye, Herefordshire, HR9	2	Flat
£750	09/24	0.35 mi	Palma Court, Brookend Street, Ross-on-Wye	2	Flat
£750	09/24	0.35 mi	Over Ross Street, Ross-On-Wye	2	Terraced House
£850	03/25	0.42 mi	-	2	Flat
£850	11/24	0.43 mi	-	2	Flat
£1,025	09/24	0.43 mi	Brampton Close, Ross-on-Wye	2	Semi-Detached House
£775	03/24	0.46 mi	-	2	Flat
£850	06/24	0.47 mi	-	2	Flat
£850	06/24	0.47 mi	-	2	Flat
£975	04/24	0.5 mi	-	2	Semi-Detached House
£1,250	04/25	0.5 mi	-	2	Semi-Detached House
£850	02/25	0.5 mi	-	2	Flat
£750	09/24	0.51 mi	Swan Court, Edde Cross Street, Ross-On-Wye, Herefordshire, HR9	2	Flat
£750	09/24	0.51 mi	Swan Court, Edde Cross Street, Ross-On-Wye, Herefordshire, HR9	2	Flat
£875	09/24	0.52 mi	Swan House, Edde Cross Street, Ross-on-Wye, Herefordshire, HR9	2	Flat

Local Area Statistics

Population in hr9	20,93620,936
Town centre distance	0.75 miles away0.75 miles away
Nearest school	0.60 miles away0.60 miles away
Nearest train station	10.96 miles away10.96 miles away

Rental growth (12m)	+61%+61%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+26%+26%

Property History

Listed for £230,000

March 28, 2025

Description

COMING SOON +
Mid terrace house +
Two bedrooms +
Garden, Off road parking +
Tucked away location +

A charming and spacious two bedroom terraced home with rear garden and off road parking, located on the edge of Ross on Wye’s town centre. Requires some modernisation and makes an ideal investment opportunity or perfect for first time buyers!

Full details available in a few days but in the meantime call or email our Ross on Wye office to register your interest or book a viewing.

Agent Details

Trivett Hicks, Ross On Wye

01989 550969

Next Steps?

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

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