1-bedroom house · HR9 7FW
Listing removedListed 208 days
Opportunity summary
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About
A smartly presented first-floor retirement apartment, exclusively for the over 60s, ideally situated in a highly sought-after town location.
This well-maintained development offers excellent communal facilities including a residents’ lounge, laundry room, parking, and beautifully kept communal gardens.
The accommodation comprises a welcoming entrance hall with airing and storage cupboard. A bright and spacious living/dining room with glazed double doors opening into the fitted kitchen.
The kitchen is well-equipped with integrated appliances including a fridge, freezer, electric oven, and hob.
A double bedroom with a built-in wardrobe, along with a stylishly upgraded and modern shower room.
Residents enjoy a secure communal entrance with intercom system, as well as access to the residents’ lounge and laundry facilities.
Externally, the development features secure gated access, off-road parking for both residents and visitors, and a well-maintained communal garden to the rear.
For added flexibility, a guest suite is available on-site for visiting family and friends (subject to a charge).
Additionally, as part of a FirstPort-managed development, residents have the unique benefit of being able to book guest suite accommodation at other FirstPort properties nationwide—ideal for affordable short breaks or visiting loved ones across the country.
Council Tax: We have been informed that this property has been placed under council tax band ‘B’. Services: Mains water, electric and drainage. Electric Storage Heaters.
Please note we have not tested the appliances, central heating or services Agents Note: We are advised Leasehold.
There is a 125 year lease associated with this property commencing on 1st December 2006. The service charge is currently £3354.74 per year and is payable 6 monthly and reviewed annually.
The ground rent is £425.00 per year and paid 6 monthly.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Wallace Court, Station Street, Ross-on-Wye
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