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Ruardean Hill, Drybrook

South West

£249,995
Listed on 27/03/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1026 sqft

Description

This charming traditional Forest stone cottage, which is believed to date back to the early 1800s, presents a unique opportunity for renovation and investment. Nestled in a serene location, the property boasts stunning views over rooftops towards Harrow Hill and expansive countryside vistas, making it an appealing prospect for those looking to create a personalized home. The interior features two bedrooms, each with windows that offer lovely outlooks. The living spaces include a cozy lounge with an open fire framed by Forest stone, enhancing the cottage's character. A separate dining room also features another inviting open fire, providing potential for warm family gatherings or entertaining guests. The kitchen provides essential amenities such as oak-fronted cabinets for storage, a breakfast bar, and plumbing for appliances—ideal for modernization efforts. The shower room is basic but functional, allowing for immediate usage while plans are made for updates. Outside, the property is approached via a lane leading to ample garden space that predominantly extends to the front of the home. This area includes two sheds and a vegetable patch, offering plenty of room for gardening enthusiasts or potential landscaping projects. The large carport adjoins a wood shed that could easily be converted into additional garage space, adding further value to the property. With services including mains water, drainage, and electricity already connected, this cottage is ready for its next chapter. While some modernization is needed throughout, its classic charm and outstanding location make it a promising investment with significant potential for growth in value once updated.

Investment Analysis

(GL17 area)

Below Market Value

This property is priced -15.1% below area average per sq ft

-15.1%
Potential saving
This Property
£244/sq ft
Area Average
£287/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£324,077
10% above area average per sq ft
Potential ROI
+9.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (GL17)

Area prices are rising by +4.1% over the last 12 months
3 year growth: 1.1%
5 year growth: 18.2%
Investment Disclaimer: Analysis based on GL17 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

Ruardean Hill, Drybrook
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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
£916
Based on a loan of £187,496 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