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Land Adjoining The Cottage, Newtown Cross - Image 1
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Land Adjoining The Cottage, Newtown Cross - Image 5

Land Adjoining The Cottage, Newtown Cross

West Midlands

£160,000
Listed on 20/02/2026

Property Details

Bedrooms
4
Type
Detached house

Description

Nestled in the tranquil hamlet of Lower Eggleton, this development plot presents a rare opportunity for investment within the scenic Herefordshire countryside. Spanning approximately 0.56 acres, the site has secured planning permission for three detached four-bedroom homes, each offering around 1,650 sq ft of living space. The proposed designs feature a spacious layout with modern amenities, including four bedrooms and two bathrooms on the upper floor, along with an open-plan kitchen/dining area and separate sitting room on the ground floor. With its proximity to Ledbury and Ross-on-Wye, residents can enjoy peaceful rural living while still having access to essential services and good transport links. Additionally, there is potential for further land acquisition through separate negotiations. Noteworthy is that the site will require private drainage solutions to be established by the buyer, making it an ideal project for those looking to create bespoke homes tailored to modern family needs.

Investment Analysis

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

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
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 Adjoining The Cottage, Newtown Cross
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£577
Based on a loan of £120,000 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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