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4 Plots @ Monmouth Road, Longhope - Image 1
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4 Plots @ Monmouth Road, Longhope

South West

£400,000
Listed on 06/08/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a compelling investment opportunity with the availability of four building plots, complete with full planning permission. Located in the desirable village of Longhope, these plots are approved for the development of two pairs of spacious, energy-efficient four-bedroom semi-detached homes designed across three levels. The planning approval includes detailed provisions for each residence, ensuring a layout that meets modern living standards. Each proposed home will feature enclosed gardens and designated parking spaces alongside energy-efficient Air Source Heat Pumps, making them an attractive option for future buyers or renters in today’s market. The site plans involve the removal of a Dutch barn to make way for these well-appointed dwellings, which will also provide ample parking for both new residents and existing neighbors at Stepps Farm. Longhope itself is situated on the fringes of the scenic Forest of Dean, offering a unique balance between serene rural living and essential amenities. The village is characterized by its welcoming community atmosphere and provides access to local conveniences such as a pub, primary school, village shop, and various outdoor recreational activities. Furthermore, its strategic location allows for easy travel to nearby towns like Gloucester and Ross-on-Wye, as well as access to major road networks via the A40. For those looking to invest in property development or seeking a renovation project with substantial potential returns, this site offers an exceptional canvas poised for thoughtful construction in a thriving locale. Interested parties are encouraged to review all conditions attached to the planning permission thoroughly. Additional information can be obtained through the Forest of Dean planning portal using Planning Ref: P1449/23/FUL.

Investment Analysis

(GL17 area)
Area Average
£287/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£800,000 - £1,200,000
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

4 Plots @ Monmouth Road, Longhope
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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
£1,465
Based on a loan of £300,000 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