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Wormelow

West Midlands

£500,000
Listed on 06/02/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This is a unique investment opportunity featuring approximately 1.36 acres of land situated in a level position with expansive views across the picturesque Herefordshire countryside. The property currently serves agricultural purposes, but it comes with outline planning permission for the construction of up to four detached dwellings (Application Ref: P230231/O). This allows for the development of a tailored residential scheme in a highly sought-after location that offers a mix of rural serenity and convenient access to local amenities. The land is bordered by mature hedgerows and fencing, providing both privacy and character. While some clearing may be needed to prepare for future construction, the site effectively balances tranquility with accessibility, being just a short distance from nearby villages and essential transport routes. The village of Wormelow features basic amenities such as a shop and public house within walking distance, while larger towns like Hereford and Ross-on-Wye are easily reachable for more comprehensive services. In addition to the current planning approval, prospective buyers should take note of an overage clause related to any potential increase in housing density on the parcel. This could enhance long-term investment returns if further planning permissions are pursued post-sale. Utilities such as water are available nearby, making this site an excellent candidate for development that aligns with modern residential needs.

Investment Analysis

(HR2 area)
Area Average
£281/sq ft
Avg Rent (weekly)
£249
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
50%
Properties sold annually

Local Market Trend (HR2)

Area prices are falling by -6.6% over the last 12 months
3 year growth: -0.3%
5 year growth: +8.9%
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

Wormelow
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,803
Based on a loan of £375,000 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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