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Belmont, Hereford

West Midlands

£350,000
Listed on 13/05/2026

Property Details

Bedrooms
4
Type
Plot

Description

This property presents a compelling investment opportunity with detailed planning consent for the development of four residential units on the outskirts of the city. The site benefits from proximity to local amenities, including public transport, a supermarket, shops, and medical facilities. Each proposed dwelling offers a unique layout, catering to various market needs. Unit 1 is a two-storey design featuring four bedrooms (two with en-suites), along with an open plan living area, study, utility room, and a cloakroom on the ground floor. Unit 2 is designed as a single-storey dwelling with three bedrooms (one en-suite) and an inviting open-plan kitchen/living/dining space. Unit 3 consists of another two-storey layout that includes two en-suite bedrooms alongside a living room and kitchen/dining room configuration. Plots 1, 2, and 3 are arranged in a courtyard style which could enhance community appeal. Finally, Unit 4 stands as a detached single-storey unit containing three bedrooms (one en-suite), offering practical living spaces as well. Notably, detailed planning permission has been secured for converting traditional barns and the main house available separately; however, prospective buyers should prepare for the demolition of the existing Dutch barn and associated structures to make way for this new development. All mains services are reported available for connection but should be verified by prospective purchasers regarding cost and accessibility.

Investment Analysis

(HR2 area)
Area Average
£282/sq ft
Avg Rent (weekly)
£247
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (HR2)

Area prices are falling by -4.0% over the last 12 months
3 year growth: -0.3%
5 year growth: +8.6%
Investment Disclaimer: Analysis based on HR2 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

Belmont, Hereford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,249
Based on a loan of £262,500 over 30 years at 3.97% 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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