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Water Lane, Rhayader

Wales

£135,000
Listed on 10/07/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
775 sqft

Description

This two-bedroom cottage presents a promising opportunity for renovation and investment, situated in the charming setting of Rhayader, near the flowing River Wye. The property, while in need of modern updates, offers a blank canvas for potential buyers to infuse their personal style and vision, capitalizing on its enviable location in a historically rich area. Access to the property is gained via a set of steps leading up to the front door, which opens into a hallway. From here, you’ll find a lounge featuring two windows that invite natural light and a mains gas fire, ideal for creating a cozy atmosphere. The two bedrooms are positioned at the rear of the cottage, providing views over an enclosed backyard—a space that could be transformed into an outdoor retreat. A reception room connects to a kitchenette area equipped with basic amenities like a sink unit and storage cupboards; this leads into a dining room with access to the rear yard. The sound of the River Wye enhances the tranquility of the outdoor space, and seasonal glimpses of the river can be enjoyed from the yard. A side pathway provides additional access around the property’s exterior. In terms of location, Rhayader is recognized as a welcoming market town nestled within the picturesque upper Wye Valley—the first town along the River Wye—making it an attractive destination for nature enthusiasts and outdoor activities such as walking and cycling. The local amenities include parks with play equipment, sporting facilities like bowling greens and tennis courts, as well as essential services including supermarkets, medical facilities, and schools. For those seeking further amenities or secondary education options, nearby towns such as Llandrindod Wells (11 miles), Builth Wells (13 miles), and Llanidloes (14 miles) provide additional choices. The surrounding area boasts stunning landscapes characteristic of Wales’ natural beauty—most notably exemplified by the Elan Valley with its protected dark skies that encourage stargazing and support local wildlife. Transport links are efficient with good road access via the A470 and A44 routes; Llandrindod Wells hosts the nearest railway station on the Heart of Wales line. Given its blend of potential for redevelopment paired with an appealing location amidst historical significance and natural attractions, this property stands out as an excellent investment opportunity for those looking to enter or expand within this vibrant community.

Investment Analysis

(LD6 area)

Below Market Value

This property is priced -17.1% below area average per sq ft

-17.1%
Potential saving
This Property
£174/sq ft
Area Average
£210/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£179,068
10% above area average per sq ft
Potential ROI
+5.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
2
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (LD6)

Area prices are falling by +7.7% over the last 12 months
3 year growth: -8.2%
5 year growth: 24.9%
Investment Disclaimer: Analysis based on LD6 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Water Lane, Rhayader
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£495
Based on a loan of £101,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE