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Land Adjacent To The Cottage, Newtown Cross - Image 1
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Land Adjacent To The Cottage, Newtown Cross - Image 5
Land Adjacent To The Cottage, Newtown Cross - Image 6

Land Adjacent To The Cottage, Newtown Cross

West Midlands

£450,000
Listed on 20/02/2026

Property Details

Bedrooms
4
Type
Detached house

Description

Set in the serene rural community of Lower Eggleton, this property offers a significant investment opportunity for potential developers. The site comes with planning permission for three detached four-bedroom homes, each approximately 1,650 sq ft, situated on a spacious plot of around 0.56 acres. This prime location is framed by beautiful Herefordshire countryside and is conveniently close to market towns like Ledbury and Ross-on-Wye, which provide essential amenities and services. The approved plans envision well-appointed homes featuring four bedrooms, two bathrooms—including a principal suite with an en-suite—and inviting ground-floor layouts designed for modern living. Each dwelling will benefit from individual off-road parking and detached garages, enhancing their appeal. While connecting to mains water and electricity is thought to be feasible, interested parties should verify these services with local authorities. Notably, purchasers should be prepared to install a shared private drainage field as part of the development process. This parcel presents not just construction potential but also the possibility to acquire additional land through separate negotiations—a further attractive prospect for expansion or enhancement.

Investment Analysis

(HR8 area)
Area Average
£329/sq ft
Avg Rent (weekly)
£208
Avg Yield
2.6%

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
20
Average per month
Market Turnover
83%
Properties sold annually

Local Market Trend (HR8)

Area prices are falling by -10.5% over the last 12 months
3 year growth: -6.6%
5 year growth: -2.5%
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

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 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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