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Land North of Leys Hills, Bishopswood, Ross-on-Wye, Herefordshire, HR9 - Image 1
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Land North of Leys Hills, Bishopswood, Ross-on-Wye, Herefordshire, HR9 - Image 7

Land North of Leys Hills, Bishopswood, Ross-on-Wye, Herefordshire, HR9

West Midlands

£500,000
Listed on 27/01/2026

Property Details

Bedrooms
N/A
Type
Detached house
Area
1969 sqft

Description

This property represents a compelling development opportunity in a coveted rural area, offering planning permission for the construction of two substantial four-bedroom houses, each approximately 1,969 sq ft. Set on an elevated plot in Leys Hill, the location is characterized by picturesque views of the surrounding countryside and is situated near the scenic Wye Valley Area of Outstanding Natural Beauty. Adjacent to the village of Walford, this site enjoys not only tranquility but also good access to local amenities in the nearby market town of Ross-on-Wye, which boasts various independent shops, cafes, restaurants, and well-regarded schools. The excellent transport links via the A40 make travel to Hereford, Monmouth, and Gloucester straightforward, providing further connectivity to major routes like the M50 and M5. The approved plans feature architect-designed homes that will harmoniously blend with their landscape surroundings while maximizing natural light through extensive glazing. The open-plan living areas are intended to cater to modern family life and remote work needs. With designated parking and landscaped gardens included in the proposals, these homes are positioned for both privacy and a sense of space. This site not only presents an attractive proposition for developers aiming to build high-quality residences but also holds potential for private buyers interested in realizing their vision in a desirable environment. The additional 1.3 acres available offers further scope for expansion or landscaping options. Interested parties should consult with service providers regarding utilities for this freehold land before proceeding.

Investment Analysis

(HR9 area)

Below Market Value

This property is priced -18.1% below area average per sq ft

-18.1%
Potential saving
This Property
£254/sq ft
Area Average
£310/sq ft
Avg Rent (weekly)
£239
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £350,000
Target Value
£671,754
10% above area average per sq ft
Potential ROI
-21.0%
After renovation
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

Land North of Leys Hills, Bishopswood, Ross-on-Wye, Herefordshire, HR9
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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
£1,803
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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