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Land Adjoining The Cottage, Newtown Cross - Image 1
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Land Adjoining The Cottage, Newtown Cross

West Midlands

£160,000
Listed on 20/02/2026

Property Details

Bedrooms
4
Type
Plot

Description

Discover a unique investment opportunity in the tranquil hamlet of Lower Eggleton, nestled within the picturesque countryside of Herefordshire. This development plot spans approximately 0.56 acres and has planning permission in place for the construction of three spacious detached four-bedroom homes, each offering around 1,650 sq ft of living space. The proposed designs feature modern living configurations, including an open-plan kitchen and dining area, individual sitting rooms, a study, and convenient utility spaces. Additionally, the plans outline upper-level accommodations with four bedrooms and two bathrooms, complete with an en-suite principal bedroom. The accessibility of this location is noteworthy; while enjoying the serenity of rural life, you'll find essential shops and amenities just a short drive away in Ledbury and Ross-on-Wye. With existing road links to the M50 and nearby towns, this site combines proximity to nature with practical commuting options for potential buyers or renters. A shared driveway leads to designated off-road parking for each property along with detached garages, enhancing the appeal for family living. It's important for prospective investors to note that any buyer will need to install a private drainage field as part of their development work. Mains water and electricity are reported available; however, confirming suitability with local authorities will be essential before commencing development. This project represents not only a chance to contribute beautifully to this charming community but also offers substantial return potential through residential development in a sought-after area.

Investment Analysis

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

Renovation Potential

Heavy 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
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 Adjoining 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
£567
Based on a loan of £120,000 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.

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