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Melin-y-ddol, Llanfair Caereinion, Welshpool - Image 1
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Melin-y-ddol, Llanfair Caereinion, Welshpool

Wales

£600,000
Listed on 01/01/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1378 sqft

Description

Nestled in the scenic surroundings of Llanfair Caereinion, Mid-Wales, this property offers a unique opportunity for renovation and investment. Known as The Mill, the residence carries a rich history, originally part of an ancient flour mill established around 1068. This connection to its historical roots is highlighted by the presence of original grindstones and machinery, including a water turbine from 1914. The location along the banks of the River Banwy not only enhances the property's serene ambiance but also provides access to a vibrant ecosystem. The river supports diverse wildlife, making it an attractive spot for nature enthusiasts and those interested in fishing—there is half a mile of private fishing rights that come with the property. Conveniently located just one mile from Llanfair Caereinion and close to Welshpool, Berriew, Montgomery, and Newtown, The Mill benefits from easy access to local amenities such as schools and shops. Additionally, outdoor enthusiasts will appreciate proximity to Snowdonia National Park and the picturesque Welsh coastline. The interior features a cozy sitting room warmed by a log burner, offering beautiful views of both the garden and river. Adjacent to this space is a dining area where the tranquil sounds of flowing water create a peaceful atmosphere. The compact kitchen and accompanying larder complete the ground-floor layout. On the upper levels, two bedrooms provide comfortable living spaces with access to modern bathrooms—one featuring a panel bath and another boasting a stylish en-suite shower room equipped with contemporary fittings. A snug area on the first floor presents versatile options for use as an office or additional guest accommodation. Surrounding the cottage are expansive gardens that include various lawns and newly established orchards within approximately seven-and-a-half acres of ancient woodland teeming with native flora such as blackberries and crab apple trees. An inviting patio near the river serves as an ideal relaxation zone. Ample private parking is available along with useful outbuildings that present potential for further development (subject to planning permission). The Mill itself needs refurbishment but comes with planning history documented on the Powys County Council website (reference P/2017/1141), enabling prospective buyers insight into its redevelopment potential. It features essential services including mains electricity and water along with private drainage via a bio septic tank. With its combination of historical significance and renovation possibilities in a desirable location, this property represents an intriguing investment opportunity for those looking to create their ideal retreat or capitalize on its rental potential. Viewing is highly recommended to fully appreciate everything The Mill has to offer

Investment Analysis

(SY21 area)

Above Market Value

This property is priced +91.8% above area average per sq ft

+91.8%
This Property
£435/sq ft
Area Average
£227/sq ft

Renovation Potential

Est. Renovation Cost
£60,000 - £150,000
10-25% of property value
Target Value
£344,162
10% above area average per sq ft
Potential ROI
-54.1%
After renovation
Monthly Sales
13
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SY21)

Area prices are stable by +2.0% over the last 12 months
3 year growth: -1.8%
5 year growth: 28.9%
Investment Disclaimer: Analysis based on SY21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Melin-y-ddol, Llanfair Caereinion, Welshpool
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