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Commercial Street, Newtown, Powys

Wales

£50,000
Listed on 22/09/2022

Property Details

Bedrooms
2
Type
Detached house

Description

This distinctive property, originally a smithy, is currently utilized for a combination of workshop, storage, and office functions. It offers a substantial existing space of 18m x 5m, which includes a workshop area, a kitchenette, and an office. The property comes with the advantage of full planning permission to transform it into a two-story residence featuring two bedrooms and dedicated parking. Situated in a location that balances convenience with potential, this site allows for continued use as a commercial workspace or opens the door to redevelopment possibilities. The approved planning reference (20/0597/FUL) enhances its attractiveness for investors looking to capitalize on its renovation potential. For those considering connectivity options, there are resources available to check broadband availability and mobile phone signal strength in the area. It's essential for prospective buyers to be aware that AML checks will be conducted for successful transactions, accompanied by a nominal fee. This property represents an intriguing investment opportunity with the flexibility to adapt to various uses depending on your vision and goals.

Investment Analysis

(SY16 area)
Area Average
£224/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SY16)

Area prices are rising by +13.9% over the last 12 months
3 year growth: 7.0%
5 year growth: 26.9%
Investment Disclaimer: Analysis based on SY16 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

Commercial Street, Newtown, Powys
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£183
Based on a loan of £37,500 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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