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Llangrove, Ross-on-Wye

West Midlands

£475,000

Listed on 26/02/2026

Property Details

Bedrooms
N/A
Type
Plot

Description

This property represents a notable investment opportunity in a desirable rural setting, complete with full planning permission for the construction of four new market dwellings. The proposed layout includes two detached and two semi-detached houses, set within a low-density residential development site. Located approximately half a mile from the village of Llangrove, this site benefits from good access to major roadways such as the A40/M50, making it an appealing option for those seeking a tranquil lifestyle with convenient transport links. The site previously housed modern agricultural buildings that are to be removed to make way for thoughtfully designed homes that complement the local architectural character. Each of the four plots has been planned to include modern amenities while reflecting traditional styles through timber cladding and rubble stone walls. With essential services like mains water and electricity nearby, investors can capitalize on this ready-to-develop location. Potential buyers should note that this plan is part of a larger scheme which also involves converting adjacent traditional agricultural buildings into residential units. This collective development could enhance the overall value, creating a cohesive community feel in a popular area known for its scenic views and friendly atmosphere. The current planning approval allows for future expansion possibilities under specified conditions and offers flexibility for further modifications if needed. Prospective developers may find considerable merit in managing the foul drainage connection setup as stipulated by local regulations, ensuring compliance while navigating this worthwhile venture.

Investment Analysis

(HR9 area)
Area Average
£315/sq ft
Avg Rent (weekly)
£330
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
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
5%
Properties sold annually

Local Market Trend (HR9)

Area prices are falling by -3.0% over the last 12 months
3 year growth: -4.9%
5 year growth: -1.2%
Investment Disclaimer: Analysis based on HR9 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

Llangrove, Ross-on-Wye
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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
£1,794
Based on a loan of £356,250 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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