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The Old Stables, Ross-on-Wye

West Midlands

£1,000,000
Listed on 04/02/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2023 sqft

Description

This property, historically known as The Old Stables, presents an opportunity for those interested in a blend of historical charm and renovation potential. Originally part of an active farm from the early 1800s, the home features distinctive architectural elements and a layout conducive to modern living, all set within a securely enclosed courtyard. Upon entering, you are greeted by a spacious entrance hall adorned with flagstone flooring. This area provides access to multiple rooms that enhance the property's versatility. Two reception rooms situated off the entrance could serve various purposes; one currently functions as an office or hobby space, while the other is a sizable utility/laundry room. The heart of the home is found through a characterful stable door leading to an inviting open-plan kitchen and dining area. The kitchen is equipped with bespoke Beech cabinetry and granite countertops, alongside notable appliances such as an electric Aga. The design includes a stable door that opens directly onto the garden, allowing for easy outdoor access during warmer months. Adjacent to this area is a generous sitting room featuring dual aspect windows and a multi-fuel burner, providing warmth and ambiance. On the first floor, you will find three well-proportioned bedrooms, including a main suite with vaulted ceilings and exposed beams that enhance its character. This room also includes an en-suite bathroom designed for comfort with twin sinks and ample storage. The additional bedrooms benefit from thoughtful features like built-in wardrobes and natural light. Outside, the property boasts an expansive courtyard with an oak canopy—ideal for outdoor gatherings—and additional landscaping that enhances its tranquil appeal. The garden is richly planted with various flowers and shrubs and includes a pond that adds to its charm. A detached one-bedroom annexe provides further options for usage; previously functioning as holiday accommodation or guest quarters, it holds significant investment potential for rental income. A large barn on-site adds to this property's versatility; currently utilized for storage, it comes with planning permission for conversion into a two-bedroom apartment on the upper floor while retaining storage space below. This feature could offer prospective buyers considerable income potential if developed. Located near Ross-on-Wye—a picturesque market town along the River Wye—the property benefits from proximity to several local amenities including shops, galleries, dining options, recreational facilities, and historical attractions like Wilton Castle and Goodrich Castle. Outdoor enthusiasts will appreciate nearby walking trails in the Forest of Dean as well as various sports clubs available in town. Ross-on-Wye also boasts excellent transport links to surrounding areas such as Hereford, Monmouth, Gloucester

Investment Analysis

(HR9 area)

Above Market Value

This property is priced +58.1% above area average per sq ft

+58.1%
This Property
£494/sq ft
Area Average
£313/sq ft
Avg Rent (weekly)
£241
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£695,629
10% above area average per sq ft
Potential ROI
-36.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (HR9)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -3.5%
5 year growth: 8.1%
Investment Disclaimer: Analysis based on HR9 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

The Old Stables, Ross-on-Wye
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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
£3,663
Based on a loan of £750,000 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