Ross-on-Wye

Area Guide For Ross-on-Wye

Ross-on-Wye is a little market town with a populace of 10,089 (as indicated by the 2001 evaluation) in south eastern Herefordshire, England, placed on the River Wye, and on the northern edge of the Forest of Dean. Ross-on-Wye was the origination of the British visitor industry. In 1745, the minister, Dr John Egerton, began taking companions on watercraft excursions down the valley from his parsonage at Ross. The Wye Valley's specific fascination was its waterway landscape, its abrupt scenes, and its manors and nunneries. Today, despite the fact that the closest track station is Ledbury on the Cotswold Line, Gloucester has a greatly improved transport association with Ross, and is a significant exchange on the national rail system. Just to the east of town is the end of the M50 "Ross Motorway" goad from the M5 motorway which interfaces the range to the UK motorway system.

 
 

Ross-on-Wye Map

Estimated Price: £291,316
Average Asking Price: £306,775
Price change in last one year: £27,249
Average Price Paid: £236,460
Average Rent Rates: £842

 
 

Property Prices Breakdown in Ross-on-Wye

Average Price for property in Ross-on-Wye is around £291,316 which varies based on type of property you are interested in and ranges from £372,404 for detached house to around £227,131 for semi-detached. Similarly terraced house is around £174,120 and a flat is worth £134,145. Values have been changing and have risen £5,276 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £13,994 in last 6 months, £27,249 in last 1 year, £34,468 in last 2 years, £31,482 in last 3 years, £30,725 in last 4 years and £37,649 in last 5 years.

Currently average asking price of a property in Ross-on-Wye is around £306,775 based on approximately 313 properties for sale. Same is the case with rental options based on 58 properties up for rent, average asking rent is around £842 per month.

Estimated property value in Ross-on-Wye is £291,316. Average asking price is £306,775 while average price paid is £239,581 which is up by £27,249 and Avg. asking rent £842.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Ross-on-Wye area. In last 1 year alone average price buyer paid is around £239,581 based on approximately 313 sales in Ross-on-Wye area alone. If you compare it to last 3 years sales of 849 properties where buyers paid around £233,738. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £236,460 for 1,351 and average amount paid for purchase of approx. 1,810 properties sold in last 7 years comes to about £235,760 per sale.

 
 

Properties For Sale in Ross-on-Wye

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £84,135, £166,746 for a 2 bedroom house, £276,098 for a 3 bedroom house, £405,230 for a 4 bedroom house and £534,569 for a 5 bedroom house. For a flat similarly the prices varies from £87,225 for a single bedroom to £174,550 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £139,995. To sum up the asking prices for properties in Ross-on-Wye it comes to around average £86,121 for 1 bedroom property, £168,995 for 2 bedroom, £274,459 for 3 bedroom, £405,230 for 4 bedroom and £534,569 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £472 for 1 bedroom to £610 for 2 bedrooms, £820 for 3 bedrooms, £1,310 for 4 bedrooms and £1,300 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £429. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £542 and £498 for 3 bedroom. You should be generally be expecting around average £437 rent per month for single bedroom property, £579 for 2 bedroom, £779 for 3 bedroom, £1,310 for 4 bedroom and approximately £1,300 for a 5 bedroom property in Ross-on-Wye area.

Popular Houses in Ross-on-Wye

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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