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Fownhope, Hereford

West Midlands

£325,000
Listed on 05/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2400 sqft

Description

This property presents a rare opportunity for investment, featuring a freehold building plot with detailed planning permission in a desirable village setting. The original 1960s bungalow has faced structural issues but is set for demolition, making way for an ambitious self-build project. With approved plans for a modern two-storey home alongside a detached garage, the site is primed for development. Located within walking distance to Fownhope's local amenities, including shops, health services, and schools, it offers convenience while being in close proximity to both Hereford and Ross-on-Wye. The proposed layout includes spacious living areas and energy-efficient features such as solar panels, catering to contemporary family needs. The expansive garden of 0.34 acres is a significant asset that promises ample outdoor space for recreation or potential landscaping enhancements. All necessary surveys have been completed and can be transferred to the new owner upon sale agreement, streamlining the development process further.

Investment Analysis

(HR1 area)

Below Market Value

This property is priced -53.9% below area average per sq ft

-53.9%
Potential saving
This Property
£135/sq ft
Area Average
£294/sq ft
Avg Rent (weekly)
£212
Avg Yield
3.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£120,000 - £180,000
Target Value
£775,368
10% above area average per sq ft
Potential ROI
+53.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
51%
Properties sold annually

Local Market Trend (HR1)

Area prices are stable by -1.9% over the last 12 months
3 year growth: +2.3%
5 year growth: +9.0%
Investment Disclaimer: Analysis based on HR1 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

Fownhope, Hereford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,172
Based on a loan of £243,750 over 30 years at 4.06% 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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