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Land Adjacent To The Cottage, Newtown Cross

West Midlands

£395,000

Listed on 20/02/2026

Property Details

Bedrooms
4
Type
Plot

Description

This development plot presents a significant investment opportunity in the tranquil hamlet of Lower Eggleton, nestled within the scenic Herefordshire countryside. Ample space is available on a 0.56-acre site, with planning permission already secured for three detached four-bedroom homes, each offering around 1,650 sq ft of living space. The proposed designs feature a well-appointed layout: four bedrooms and two bathrooms on the upper floor, including an en-suite in the master suite, while the ground floor boasts an open-plan kitchen and dining area alongside a separate sitting room, study, and utility room. The property includes access via a shared driveway leading to individual off-road parking spaces and garages for every residence, enhancing convenience for future occupants. Importantly, while mains water and electricity connections appear accessible, prospective buyers should confirm these details with local authorities. Additionally, there's potential for further land acquisition through separate negotiation, potentially increasing the development scope. For developers seeking viable residential projects in a picturesque rural setting yet with easy road access to nearby market towns like Ledbury and Ross-on-Wye, this site offers substantial appeal. The sewerage system will need a private drainage field installation by the new owner. This is your chance to tap into a growing area that balances serene village life with practical connectivity.

Investment Analysis

(HR8 area)
Area Average
£327/sq ft
Avg Rent (weekly)
£230
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
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
9%
Properties sold annually

Local Market Trend (HR8)

Area prices are falling by -6.1% over the last 12 months
3 year growth: -1.3%
5 year growth: +3.1%
Investment Disclaimer: Analysis based on HR8 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 Adjacent To The Cottage, Newtown Cross
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,492
Based on a loan of £296,250 over 30 years at 4.45% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

Price History

-12.2% since listed
£395,000£55,000(-12.2%)
18/03/2026
Current price
£450,000Initial listing
20/02/2026

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