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Madley, Hereford

West Midlands

£445,000
Listed on 11/04/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1550 sqft

Description

Tucked away in a peaceful setting just north of the charming village of Madley, this three-bedroom detached home, known as Bage Mill, presents a unique opportunity for renovation and development. Located approximately seven miles from Hereford and about 15 miles from the well-known market town of Hay on Wye, the property strikes an appealing balance between rural tranquility and accessibility to vital amenities. Bage Mill is set on a generous plot of around 1.93 acres, featuring a combination of woodlands, streams, and grassy areas. The property’s layout offers spacious room dimensions and potential for modernization, making it an excellent candidate for those looking to create their ideal family home. While the interiors currently require refurbishment, the existing structure provides a solid foundation upon which to build. The main living areas include a welcoming porch that opens into a kitchen equipped with basic amenities, flowing seamlessly into a double-aspect living room that invites natural light. Additional reception spaces comprise a front entrance hall adorned with a stone fireplace and an inviting sitting room with further views over the grounds. Upstairs, three good-sized bedrooms provide comfortable accommodation along with a functional bathroom. Outside, the property boasts various outbuildings including a practical workshop or potting shed, an outside WC, and an attached garage. The surrounding grounds not only enhance privacy but also foster opportunities for gardening or outdoor recreation amidst picturesque natural features like year-round streams. For those interested in further development potential, adjacent to Bage Mill is a Grade II listed Cruck Barn that comes with planning permission for conversion into a four-bedroom dwelling on approximately four acres—available separately. This adds another layer of investment potential for buyers looking to expand their holdings or explore additional income-generating options. Access to the property is straightforward via an established entrance that offers good visibility onto the road. Utilities include mains electricity and oil central heating; while there is currently no mains water supply, it has historically relied on a reliable natural spring located within its boundary. Overall, Bage Mill provides ample space both indoors and outdoors along with significant renovation opportunities in a desirable location—ideal for investors or anyone seeking to craft their dream residence while enjoying the benefits of country living close to local conveniences.

Investment Analysis

(HR2 area)

Above Market Value

This property is priced +3.3% above area average per sq ft

+3.3%
This Property
£287/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£243
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£474,075
10% above area average per sq ft
Potential ROI
-4.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (HR2)

Area prices are falling by +6.1% over the last 12 months
3 year growth: 2.3%
5 year growth: 13.7%
Investment Disclaimer: Analysis based on HR2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Madley, Hereford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,630
Based on a loan of £333,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE