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Hardwicke, Hay On Wye, Hay On Wye, HR3

West Midlands

£230,000
Listed on 14/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
886 sqft

Description

This detached two-bedroom cottage presents a unique opportunity for those looking to invest in a property with significant renovation potential. While the home requires modernisation, its foundational structure provides a solid base for creative transformation. Inside, you'll find two reception rooms that offer flexibility in layout and design, making it possible to create contemporary living spaces that meet today's lifestyle needs. The kitchen and downstairs bathroom are functional but ready for updates that can enhance both their utility and aesthetic appeal. The property is complemented by a garden space, ideal for outdoor activities or future landscaping projects. Additionally, off-street parking adds convenience, which is especially valuable in this location. Situated in a desirable area, this cottage not only offers a private retreat but also the potential for appreciation as market demand grows. An adjacent paddock is available for separate negotiation, potentially expanding your investment options or providing additional recreational space. This property is an excellent canvas for investors or homeowners willing to undertake renovations to unlock its full potential.

Investment Analysis

(HR3 area)

Below Market Value

This property is priced -12.2% below area average per sq ft

-12.2%
Potential saving
This Property
£260/sq ft
Area Average
£296/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£288,092
10% above area average per sq ft
Potential ROI
+6.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (HR3)

Area prices are falling by +12.4% over the last 12 months
3 year growth: -10.5%
5 year growth: 18.7%
Investment Disclaimer: Analysis based on HR3 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

Hardwicke, Hay On Wye, Hay On Wye, HR3
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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
£843
Based on a loan of £172,500 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