2 Bed Terraced House, Planning Permission, Ross-on-Wye, HR9 7ER, £260,000

Berryfield Place, Ross-on-Wye, HR9 7ER - 12 days ago

Planning
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£155K - £375K
Sold Prices/m²£2.3K/m² - £4.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.8K/m²

Value Estimate

£214,205

 

 

End Value (After Refurb)

£207,170

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£17,200

Refurb Costs

£27,600

Bridging Loan Interest

£6,825

Total Cash In

£118,375

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£207,170

Mortgage (After Refinance)

£155,377

Mortgage LTV

75%

Cash Left In

£118,375

Equity

£51,792

Rent Range

£421 - £1,250

Rent Estimate

£807

Running Costs/mo

£829

Cashflow/mo

£-22

Cashflow/yr

£-262

Gross Yield

4%

Local Sold Prices

21 sold prices from £155K to £375K, average is £218K. £2.3K/m² to £4.9K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£217K12/230.11 mi34, Brampton Road, Ross-on-wye, Herefordshire HR9 7EH2
£190K10/230.13 mi16, Oaklands Court, Ross-on-wye, Herefordshire HR9 7HD2
£168.5K07/240.21 mi21, Honeysuckle Close, Ross-on-wye, Herefordshire HR9 7RJ2
£157K03/240.21 mi18, Honeysuckle Close, Ross-on-wye, Herefordshire HR9 7RJ2
£205K08/230.21 mi39, Honeysuckle Close, Ross-on-wye, Herefordshire HR9 7RJ2
£218K07/240.39 miSandygate, Sixth Avenue, Greytree, Ross-on-wye, Herefordshire HR9 7HL2
£375K08/240.4 mi8, Overross Close, Ross-on-wye, Herefordshire HR9 7BQ2
£357.5K03/240.43 mi50, Court Road, Ross-on-wye, Herefordshire HR9 7XF2
£227K08/230.48 mi18, North Road, Ross-on-wye, Herefordshire HR9 5LZ2
£225K08/230.48 mi19, North Road, Ross-on-wye, Herefordshire HR9 5LZ2
£183.5K09/230.49 mi12, Beechwood, Ross-on-wye, Herefordshire HR9 7QE2
£320K02/240.5 miAveril, Weston Grove, Ross-on-wye, Herefordshire HR9 5LU2
£282K05/240.61 mi3, Waterside, Ross-on-wye, Herefordshire HR9 5LN2
£185K12/230.79 mi32, Merrivale Lane, Ross-on-wye, Herefordshire HR9 5JL2
£265K05/241.09 mi9, Duxmere Drive, Ross-on-wye, Herefordshire HR9 5UN2
£205K03/241.18 mi8, Tudor Street, Ross-on-wye, Herefordshire HR9 5PS2
£155K02/241.24 mi39, The Claytons, Bridstow, Ross-on-wye, Herefordshire HR9 6QD2
£315K08/241.25 mi5, Danum Road, Ross-on-wye, Herefordshire HR9 5UG2
£200K11/231.27 mi5, Purland, Ross-on-wye, Herefordshire HR9 5QA2
£260K04/241.27 mi20, Watling Street, Ross-on-wye, Herefordshire HR9 5UF2
£285K08/241.64 mi1, White Cross Cottages, Bridstow, Ross-on-wye, Herefordshire HR9 6JU2

Local Rents

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

RentDateDistanceAddressBeds 
£1,02509/240.06 miBrampton Close, Ross-on-Wye2
£44804/250.14 mi-2
£75009/240.19 miOver Ross Street, Ross-On-Wye2
£83009/240.2 miPrimrose Close, Ross-on-Wye, HR92
£75009/240.29 miPalma Court, Brookend Street, Ross-on-Wye2
£75009/240.38 miSwan Court, Edde Cross Street, Ross-On-Wye, Herefordshire, HR92
£75009/240.38 miSwan Court, Edde Cross Street, Ross-On-Wye, Herefordshire, HR92
£87509/240.39 miSwan House, Edde Cross Street, Ross-on-Wye, Herefordshire, HR92
£72509/240.42 miHenry Street, Ross-On-Wye, Herefordshire, HR92
£77503/240.44 mi-2
£85011/240.45 mi-2
£42106/230.45 mi-2
£85002/250.46 mi-2
£85006/240.47 mi-2
£85006/240.47 mi-2
£85003/250.48 mi-2
£97504/240.49 mi-2
£1,25004/250.49 mi-2
£1,05009/240.61 miFrillbank Road, Ross-On-Wye2
£1,00009/240.62 miTurbit Close, Ross-On-Wye2

Local Area Statistics

Population in hr9

20,936

Town centre distance

0.69 miles away

Nearest school

0.20 miles away

Nearest train station

10.88 miles away

 

 

Rental growth (12m)

+61%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Listed for £260,000

March 31, 2025

Floor Plans

Description

The Property Hub proudly presents a charming former three-bedroom residence, thoughtfully converted into an impressive two-bedroom layout, awaiting its next chapter.

Upon entering, you're greeted by an inviting entrance hall, guiding you towards the heart of the home. To the left, the lounge beckons with its comforting fireplace and an expansive bay window, bathing the room in natural light. Flowing seamlessly from the hallway is the kitchen, leading into a versatile second reception room, currently utilized as a dining area. This space boasts a delightful view of the rear garden through its window and offers convenient access via a side door. Additionally, the kitchen features a rear porch area, extending further to reveal a doorway leading to the back garden.

Ascending the stairs, you'll find the sleeping quarters. Here, the original two bedrooms have been cleverly combined into one spacious retreat, though easily adaptable should the need for three bedrooms arise again. The second bedroom maintains its generous proportions, ensuring ample space for personalization. Completing this level is the well-appointed bathroom, featuring a fitted toilet, sink, and a bath complemented by an overhead shower.

Outside, the property sits on a generous corner plot, presenting endless opportunities for landscaping endeavors or a substantial extension, subject to planning permission. The garden offers a harmonious blend of lawn and gravel areas, inviting you to explore and unleash your creativity. A sizable garage, currently serving as storage, stands ready to accommodate your needs, with convenient access to the rear parking area. A rear gate provides seamless entry to the garden from the parking space, enhancing convenience and accessibility.

Though in need of modernization, this property radiates potential, offering a blueprint for a remarkable family home. With a touch of care and imagination, the garden holds boundless possibilities, promising a haven of tranquility and endless enjoyment for its fortunate new owners.

Council Tax Band: B (Herefordshire Council)
Tenure: Freehold

Agent Details

The Property Hub, Ross On Wye

01989 551098

Next Steps?

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

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