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Wormelow, Hereford HR2

West Midlands

£500,000
Listed on 14/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This remarkable parcel of land, spanning approximately 1.36 acres, presents a noteworthy development opportunity in the picturesque Herefordshire countryside. The site is flat and benefits from stunning views, making it an ideal location for residential development. Currently designated for agricultural use and bordered by established hedgerows, this land awaits transformation into a bespoke housing scheme, with outline planning permission granted for up to four detached dwellings (Application Ref: P230231/O). This property offers not just a slice of rural tranquillity but also the convenience of proximity to local amenities and transport connections. Located just south of Wormelow Shop in the charming village of Wormelow, the area strikes an appealing balance between serenity and accessibility. Essential services such as shops and pubs are within walking distance, while Hereford (approximately 7 miles) and Ross-on-Wye (approximately 9 miles) provide further shopping and leisure options. Excellent road links to the A49 and A465, alongside nearby access to Hereford Railway Station, enhance the site's appeal for prospective developers. The planning approval includes options for layout and design that will enrich the existing rural landscape while ensuring compliance with biodiversity requirements. There remains potential for increased unit density under future planning enhancements, subject to an overage clause retaining a portion of any uplift in value due to planning changes for up to 15 years. Utilities such as water are accessible nearby, but further investigation regarding all service connections is recommended. This unique property is now available freehold with vacant possession upon completion, presenting a rare chance for thoughtful development in a sought-after locale.

Investment Analysis

(HR2 area)
Area Average
£278/sq ft
Avg Rent (weekly)
£243
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£120,000 - £180,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (HR2)

Area prices are falling by +6.1% over the last 12 months
3 year growth: 2.3%
5 year growth: 13.7%
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

Wormelow, Hereford HR2
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,832
Based on a loan of £375,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE