A few more suggestions. I hope you can fit them in the right places above.
I've ignored minor spelling differences with the transcript in reply #3, but please note the distinction between pounds and pence.
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Item I give unto the parrishe churche of
Webley twelve pence ...
... to John my sonne foure oxen and four kyen (= cows)
... my sonne John shall have owte (= out) of my farme of Wellington during his natural lyfe the som(m)e
of seaven pounds of Currant Englishe money
... Katherine my daughter ...
Item I give unto William my sonne thirtene pounds six shillings eighte pence
... to be paid unto him within twoe yeares ...
... Margery Carpenter twoe heiffers of twoe yeares olde ...
... unto Anne Crowe her daughter six pounds thirtene shillings foure pence
Item I doe give unto Robert Bridges Forty shillings in considerac(i)on of one bullock whiche he is to have of me
... unto Jane Wheethe three pounds six shillings eight pence to be paide unto her within twoe yeares
... unto Sibill Wheethe ... in considerac(i)on
of her service
Richard Crowe my daughters sonne ...
... all my sheepe that be with John Bowen
goods and Cattells moveable and unmoveable my Will being
performed
In Wittnes whereof to this my Last will and testament I putte
my hande the xxj
th (= 21st) of October A thousand five hundred Eighty seaven in the presence of those whose names are underwritten James Tomkyns writer Thomas Shepham John
Crowe John Bridges Harry Brymell
(ADDED - Apologies, I now see there is some duplication with Raybistre's transcription above

)
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Finally, it would be most surprising if a will relating to an estate in Herefordshire were held at the Hampshire Record Office. I suggest you email Herefordshire Archives and ask them, despite not being able to find an online reference.