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Great Howle Development Site, Howle Hill, Ross on Wye, Herefordshire, HR9 5SP - Image 1
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Great Howle Development Site, Howle Hill, Ross on Wye, Herefordshire, HR9 5SP - Image 11

Great Howle Development Site, Howle Hill, Ross on Wye, Herefordshire, HR9 5SP

West Midlands

£275,000
Listed on 27/01/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This development site presents a unique opportunity for investors looking to capitalize on the growing demand for residential housing in rural South Herefordshire. With full planning consent already in place, the project is set to include two detached four-bedroom market homes alongside two semi-detached two-bedroom affordable units, making it a diverse offering suitable for families and first-time buyers alike. The layout has been thoughtfully designed to complement the existing settlement of Howle Hill, ensuring that the new dwellings will integrate seamlessly into the community dynamics. Situated in a picturesque location with stunning countryside views, this compact site provides excellent accessibility and is well-connected to local amenities in nearby Ross-on-Wye and Monmouth. The property benefits from close proximity to major routes like the A40, facilitating easy access to surrounding towns and cities. The approved development layout allows for modern living spaces along with designated parking solutions, which ensures convenience for future residents. Given the recent rise in demand for rural housing in this region, this project not only holds significant residential appeal but also represents a strong investment potential. Investors should note that the construction of low-cost units must precede any open market dwellings as per the Section 106 Agreement—a factor that underscores the project's commitment to community development. Key services are available on-site including mains water, while electricity connections are readily accessible. This site is ripe for development, presenting a lucrative opportunity to cater to both market and affordable housing sectors in an attractive rural setting.

Investment Analysis

(HR9 area)
Area Average
£310/sq ft
Avg Rent (weekly)
£239
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (HR9)

Area prices are stable by -1.0% over the last 12 months
3 year growth: -5.9%
5 year growth: +5.1%
Investment Disclaimer: Analysis based on HR9 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

Great Howle Development Site, Howle Hill, Ross on Wye, Herefordshire, HR9 5SP
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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
£992
Based on a loan of £206,250 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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