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The Lakes, Ross on Wye

West Midlands

£600,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This spacious three-bedroom detached bungalow is nestled on a generous plot of approximately one acre, presenting significant potential for renovation and personalisation in a desirable semi-rural area. Upon entry, you are greeted by a wide hallway that not only provides an inviting welcome but also practical storage options for everyday items. The dining area is conveniently located at one end, flowing into the well-equipped kitchen that features an island with an integrated hob and double oven, alongside space for essential appliances such as a dishwasher and fridge freezer. The kitchen connects to a utility room, ideal for managing household tasks with plumbing ready for laundry equipment and access to the expansive rear garden. A bright conservatory adds further opportunity, functioning as a sunlit garden room or play area. The lounge offers ample space and comfort with its log burner and lovely views of the garden through French doors. On one side of the hallway, the principal bedroom boasts built-in wardrobes and its own en suite bathroom fitted with modern facilities like a double shower. Two additional double bedrooms share the family bathroom, which includes both a bath and shower. Externally, a substantial gravel driveway ensures plenty of parking behind secure wooden gates. The double garage comes equipped with power and lighting—a valuable feature for those considering workshops or additional storage. Surrounding the property is nearly an acre of land, creating an outdoor space rich in possibilities—from family play areas to flourishing gardens—alongside stunning countryside views. While some areas would benefit from updating, this bungalow represents an exciting chance to develop it into your ideal home in close proximity to all amenities offered by Ross-on-Wye.

Investment Analysis

(HR2 area)
Area Average
£278/sq ft
Avg Rent (weekly)
£243
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (HR2)

Area prices are falling by +6.1% over the last 12 months
3 year growth: 2.3%
5 year growth: 13.7%
Investment Disclaimer: Analysis based on HR2 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 Lakes, 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
£2,198
Based on a loan of £450,000 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