Bargain hunters and budding developers, take note! A plot of land just outside Hereford is up for grabs for the surprisingly low price of £30,000. The 0.42-acre parcel, located near the villages of Lugwardine and Bartestree, presents a unique opportunity for someone looking to invest in property.

The land boasts a key selling point: direct access to the A438, a major road in the Herefordshire region. This roadside accessibility makes the plot potentially attractive for various ventures, although prospective buyers are advised to thoroughly investigate planning permissions and potential uses with the local council.

While the guide price is enticingly low, there's a crucial detail to consider. The land is currently under tenancy, with the agreement in place until July 2026. This means the new owner won't have immediate vacant possession and will need to factor in the existing tenant's rights and the remaining duration of the lease.

Despite the tenancy, the low price point opens up possibilities for long-term investment. The buyer could potentially negotiate with the current tenant, or simply wait until the lease expires to develop the land according to their vision. The A438 frontage offers potential for commercial opportunities, subject to planning regulations, or the land could be used for agricultural purposes.

The sale is likely to attract a range of interested parties, from local farmers looking to expand their holdings to small business owners seeking a strategic location. However, experts advise anyone considering the purchase to conduct thorough due diligence, including consulting with planning officials and legal professionals, to fully understand the implications of the existing tenancy and any potential restrictions on future development. This is a chance to acquire land in a desirable area for a fraction of the typical price, but careful consideration is essential to ensure it's the right investment.