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Laburnum Close, Ross-on-Wye

West Midlands

£230,000
Listed on 26/06/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
753 sqft

Description

Upon entering, you are greeted by a central hallway that seamlessly connects the various living spaces. To the left lies the kitchen, which overlooks the front of the house and features functional cabinetry as well as room for freestanding appliances. While the current layout is practical, it offers ample opportunities for modernization and a fresh aesthetic, making it a great starting point for an ambitious redesign. The lounge at the rear of the home spans its full width, providing an expansive and light-filled area perfect for both relaxation and entertaining. With direct access to the garden, this space holds potential for enhancement through features such as French doors or a more open-concept design to increase flow between indoor and outdoor areas. The upper level consists of three bedrooms along with a family bathroom. The two larger bedrooms are well-proportioned; one faces the front of the property while the other enjoys tranquil views over the rear garden, making it an ideal retreat. The third bedroom serves as a versatile single space that can easily function as a nursery, home office, or guest area. The family bathroom includes essential amenities with room for potential upgrades. Outside, you'll find a spacious rear garden primarily laid to lawn, offering an inviting outdoor area suitable for gardening or social gatherings. At the front of the property, there's a single garage equipped with an up-and-over door and lighting, accompanied by off-road parking space for two vehicles. The garage also presents possibilities for conversion or extension similar to other homes in the neighborhood (subject to necessary approvals). While some modernization is needed throughout, this property stands on a solid foundation with significant renovation potential. It represents an excellent opportunity for buyers looking to infuse their personal style into their new home while benefiting from its advantageous location and spacious layout.

Investment Analysis

(HR9 area)

Below Market Value

This property is priced -2.3% below area average per sq ft

-2.3%
Potential saving
This Property
£305/sq ft
Area Average
£313/sq ft
Avg Rent (weekly)
£241
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£258,927
10% above area average per sq ft
Potential ROI
-4.1%
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

Laburnum Close, 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
£843
Based on a loan of £172,500 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