Nestled in the serene village of Ullingswick, this property offers a unique blend of historical charm and modern renovation potential. The surrounding Herefordshire countryside enhances its appeal, with the village's Norman church and a variety of local amenities within easy reach. Just 10 miles southeast of Leominster and 8 miles southwest of Bromyard, it enjoys excellent connectivity to Ledbury, the M50, Malvern, and Hereford.
At the heart of this estate is The Steppes Farmhouse, an 18th-century Grade II listed building recognized on the National Heritage register. Originally transformed in the late 20th century, this property includes both residential space and five rental units—providing an exciting opportunity for those interested in investment or generating income from rental properties.
The farmhouse itself commands attention with its traditional features. A welcoming drive leads through a charming courtyard to ample parking spaces. Inside, you’ll find a spacious hall with access to a cellar that has been skillfully repurposed into a cozy sitting room featuring a bar area—a nod to its past as a small country house hotel. The main living areas exude character with beamed ceilings and original fireplaces, while functional elements such as the kitchen equipped with a Rangemaster oven enhance daily living. Upstairs, the principal bedroom benefits from an ensuite bathroom and dressing room, complemented by two additional bedrooms and a versatile study that could easily serve as another bedroom.
Adjacent to the farmhouse is Stable Cottage, offering further accommodation within a quaint courtyard setting. This cottage features vaulted ceilings in both the living area and bedroom, providing an airy feel along with practical amenities including fitted cupboards and a small garden space.
The two additional buildings in the courtyard present further possibilities for enhancement or conversion. Each includes two double-bedroom flats suitable for renting out or accommodating guests. There remains significant development potential here: with proper consents, there are opportunities to convert existing barns into individual homes or enhance current layouts for increased income.
Presently generating £3,525 per calendar month—amounting to £42,300 annually—the property's gross rental income reflects its investment viability. The service charge contributes towards shared maintenance costs across the properties, ensuring communal areas are well-kept.
With mains electricity and water services available alongside LPG heating sourced from communal tanks, this property is not only rich in history but also ripe for investment potential in one of Herefordshire's picturesque villages.
