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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

Located in the serene hamlet of Lower Eggleton, this property presents a compelling development opportunity set within the charming Herefordshire landscape. With planning permission already secured for three detached four-bedroom homes, each with around 1,650 sq ft of living space, this site encompasses approximately 0.56 acres. The approved designs feature two bathrooms and an en-suite for the principal bedroom on the first floor, while the ground floor boasts an open-plan kitchen and dining area, complemented by a separate sitting room and study. Individual off-road parking and detached garages are planned for each unit, providing convenience for future residents. The property is accessible via a shared driveway leading from the main road. Notably, potential buyers can inquire about acquiring additional land through separate negotiations. The installation of a shared private drainage field will be necessary by the purchaser. Mains water and electricity connections are believed to be available; however, verification with local authorities is recommended to ensure suitability. This freehold property offers an attractive blank canvas for developers looking to capitalize on the growing demand for residential properties in rural settings.

Investment Analysis

(HR8 area)
Area Average
£324/sq ft
Avg Rent (weekly)
£207
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £220,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (HR8)

Area prices are falling by -6.3% over the last 12 months
3 year growth: -3.4%
5 year growth: -1.4%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,399
Based on a loan of £296,250 over 30 years at 3.91% 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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