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Preston-On-Wye, Hereford

West Midlands

£275,000

Listed on 13/03/2026

The listing

Property details

Bedrooms
N/A
Type
Plot

Description

This property presents an exceptional development opportunity tucked away in a charming village setting near the River Wye. With detailed planning permission already secured for the construction of four new homes, along with listed building consent, the groundwork for a lucrative investment is firmly in place. The site benefits from main drainage access and is predominantly flat, situated within the grounds of a historic 17th Century Grade II Listed building. Located in Preston-On-Wye, this area is well-connected to Hereford (10 miles) and Hay-on-Wye (12 miles), offering both local amenities and scenic walks along the river. The village is equipped with essential facilities such as a village hall, pub, and church, while additional services can be found nearby in Madley. The proposed development features traditional-style dwellings with brick stonework and slate roofs organized into a courtyard layout. Notably, since planning permission was approved, further green land has been acquired which could serve to enhance the units' outdoor space significantly. This project provides an ideal canvas for investors looking to tap into the residential market in a desirable location that promises growth potential. The individual units range in size from approximately 122 sq m to 189 sq m and include multiple bedrooms and parking options, catering to modern family living requirements. Essential services including mains electricity and water are reportedly available for connection, though prospective buyers should verify costs and availability independently.

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Map

Location

Preston-On-Wye, Hereford
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

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Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,039
Based on a loan of £206,250 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

This calculation uses non-residential (land/commercial) tax rates.

Pricing

Price history

-8.3% since listed
£275,000£25,000(-8.3%)
11/04/2026
Current price
£300,000Initial listing
12/03/2026

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