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

West Midlands

£160,000Guide Price

Listed on 20/02/2026

Property details

Bedrooms
4
Type
Plot

Description

This is a promising opportunity to secure a development plot located in the tranquil hamlet of Lower Eggleton, surrounded by the scenic Herefordshire countryside. The site comes with planning permission for three detached four-bedroom homes, each approximately 1,650 sq ft, which offers significant investment potential. Spread across a generous 0.56 acres, this plot allows for individual purchases at a market value of £160,000 each. The approved design includes modern living spaces with open-plan kitchen and dining areas on the ground floor, complemented by separate sitting rooms and studies. Each home is designed to include four bedrooms and two bathrooms upstairs, featuring a principal bedroom with en-suite facilities. The development will benefit from off-road parking and detached garages for each unit. A shared driveway provides access from the main road, while drainage will rely on a shared private field that requires installation by the buyer. Mains water and electricity are reportedly available; however, interested parties should verify connection suitability through relevant authorities. This plot presents an excellent chance for developers or investors looking to capitalize on rural property opportunities in a desirable area.

Investment analysis

(HR8 area)
Area Average
£329/sq ft
Avg Rent (weekly)
£261
Avg Yield
3.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (HR8)

Area prices are stable by -1.8% over the last 12 months
3 year growth: +0.8%
5 year growth: +6.9%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£604
Based on a loan of £120,000 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.

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