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Lower Eggleton, Ledbury

West Midlands

£280,000
Listed on 04/12/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

Set within the quaint village of Lower Eggleton in east Herefordshire, this building plot offers a remarkable opportunity for potential homeowners and investors alike. With planning permissions already in place for a 3 to 4-bedroom home, you can envision crafting a bespoke residence suited to your tastes while taking full advantage of the serene surroundings. The plot features ample infrastructure already established, including a spacious hard-standing area for off-road parking and a detached double carport equipped with a utility area, WC, and substantial storage space. Solar panels have been installed, along with existing connections to mains electricity and water, making development more straightforward. Additionally, the groundwork for your future home is already laid with footings in place. The sizable rear garden provides picturesque views over neighboring paddocks, further enhancing the property's appeal. Lower Eggleton boasts excellent connectivity to nearby towns such as Ledbury and Hereford City, providing convenient access to local amenities while still enjoying the tranquility of rural life. Essential services, including a convenience store and service station, are within walking distance. This site represents an excellent investment potential not just as a building plot but as an opportunity to create an ideal family dwelling designed around modern living preferences. The proposed layout includes a generous kitchen/family room, separate living room, utility room, study or fourth bedroom option, and three en suite double bedrooms on the upper floor. The approved planning applications detail comprehensive designs that align with contemporary standards while embracing the charm of the rural setting—a balance that is increasingly sought after in today’s real estate market. This property is offered freehold with vacant possession upon completion. For prospective buyers interested in capitalizing on this unique opportunity in Lower Eggleton's desirable environment, viewing arrangements can be organized through our office.

Investment Analysis

(HR8 area)
Area Average
£323/sq ft

Renovation Potential

Light Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (HR8)

Area prices are falling by +8.0% over the last 12 months
3 year growth: -0.5%
5 year growth: 4.5%
Investment Disclaimer: Analysis based on HR8 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

Lower Eggleton, Ledbury
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,026
Based on a loan of £210,000 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