4-bedroom house · HR1 4JP
Sold STCListed 62 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situation & Description Field Farm occupies a highly accessible position on the eastern side of Hereford, offering an unusual opportunity to acquire all or part of a former agricultural and fruit-processing site with considerable scope for refurbishment, alternative uses and future potential, subject to any necessary consents.
The property is being offered as a whole or in three separate lots, comprising The Gatehouse, a detached former lodge requiring complete refurbishment; an extensive range of agricultural and former fruit-processing buildings with their own vehicular access and adjoining orchard; and a separate parcel of approximately 2.41 acres of permanent pasture.
This is very much an opportunity where different buyers may see different possibilities.
The individual lots can stand alone, but their availability together provides the potential to create a substantial home with land and buildings, a smallholding, business or storage premises, or a combination of uses, all subject to the necessary planning and other consents.
The location is particularly convenient, combining a rural setting with straightforward access to Hereford and the surrounding road network.
The Gatehouse The Gatehouse is an extended brick-built former lodge offering an increasingly rare opportunity to take on a substantial refurbishment project and create a home to individual requirements.
Internal images and tour coming shortly. The property now requires comprehensive renovation throughout.
Plans for refurbishment have already been submitted and are available for inspection, providing a useful starting point for prospective purchasers considering the possibilities offered by the building.
The existing accommodation is arranged over two floors. An enclosed entrance porch opens into the hall, off which is a cupboard housing the oil-fired central heating boiler.
On the ground floor are a sitting room, kitchen, bathroom area with separate WC and a bedroom. A further living room is situated within the extended part of the property.
On the first floor are three further bedrooms. Outside, The Gatehouse has car parking and turning space together with gardens.
For those looking for more than the house alone, there is an unusual opportunity to acquire additional property immediately alongside.
The adjoining Field Farm site, comprising an extensive range of agricultural and former fruit-processing buildings with its own vehicular access and orchard area, is available separately at a Guide Price of £325,000.
A further approximately 2.41 acres of permanent pasture, incorporating some mature fruit trees, is also available separately at a Guide Price of £75,000.
Purchasers therefore have the flexibility to acquire The Gatehouse individually, combine it with either of the adjoining lots, or consider the Field Farm opportunity as a whole.
Guide Price £265,000 Viewing arrangements Viewings will be strictly by prior appointment and will take place on designated block viewing days.
As this is a former agricultural and commercial site, viewers are asked to take particular care when inspecting the property and buildings and to observe all warning and restricted access signage.
The buildings are generally considered to be in good overall condition; however, some areas may present the hazards normally associated with buildings of this nature.
There is strictly no access to the first floor of the partially converted stone barn.
Viewers enter the site and buildings at their own risk and neither the vendors nor their agents can accept responsibility for any accident, injury, loss or damage sustained during a viewing.
What3words - jars.paint.interview Agents note An uplift provision will apply to the buildings at Field Farm for a period of 20 years from completion of the sale.
The provision will entitle the Vendor to 30% of any increase in value arising from the grant of planning permission for an alternative or more valuable use of the buildings during that period.
Full details of the uplift provisions will be set out within the contract documentation
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.
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FAQ
About Field Farm House, Hampton Bishop, Hereford
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