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Development Land at Llanfair Caereinion, Powys, SY21 - Image 1
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Development Land at Llanfair Caereinion, Powys, SY21

Wales

£295,000
Listed on 29/02/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a noteworthy chance for development, situated on a generous plot of approximately 0.49 hectares (1.20 acres) adjacent to Maes Gwyn, right at the edge of Llanfair Caereinion. With outline planning permission already secured for the construction of nine detached homes—two of which are designated as affordable—this site is primed for investment. Llanfair Caereinion offers a well-rounded selection of community amenities and services, making it an appealing location for potential residents. The town is positioned along the A458 trunk road, ensuring easy access to nearby market towns like Welshpool and Newtown. Local conveniences include schools, leisure facilities, public transport options, and a variety of shops and pubs—all within walking distance via established footpaths. Currently utilized for agricultural purposes, the site is in close proximity to existing residential developments in Maes Gwyn and Maes Derwen. Essential utilities such as mains water, electricity, and sewerage are readily available nearby, simplifying the integration of these services into any future construction plans. Outline planning permission was granted on October 5, 2017, providing a clear pathway for development without the need for initial re-application processes. The freehold title offers complete ownership with vacant possession upon completion. For those interested in exploring this opportunity further, a comprehensive information pack—including planning drawings and site layouts—can be requested from the selling agent. Viewings can be arranged in advance to appreciate firsthand the potential this site holds within a vibrant community setting. The local authority overseeing this area is Powys County Council.

Investment Analysis

(SY21 area)
Area Average
£227/sq ft

Renovation Potential

Est. Renovation Cost
£29,500 - £73,750
10-25% of property value
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

Development Land at Llanfair Caereinion, Powys, SY21
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