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Whitecroft, Lydney, GL15

South West

£500,000
Listed on 04/01/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
5492 sqft

Description

The Miners Arms is a well-established country pub situated on a generous 0.75-acre plot within the scenic Forest of Dean, Gloucestershire. With over 520 square meters of property, this venue presents significant renovation and investment potential. Currently operating successfully as a pub, it not only offers an established business but also has owner accommodation on-site for convenience. The property features an existing holiday cottage that serves as an attractive rental option, with the possibility to convert the function room into a second holiday let. This could enhance income generation further in this area known for its year-round tourism. The spacious beer garden, spanning 0.2 acres, has the potential for additional residential development, potentially accommodating two houses, subject to planning approval. Nestled in the village of Whitecroft near Lydney, The Miners Arms benefits from proximity to popular destinations such as Cheltenham, Gloucester, Bristol, and Cardiff — all within an hour's drive. This ideal location allows for easy access to urban amenities while enjoying rural charm. From a development perspective, there are multiple avenues available without compromising the existing pub operations. The current two-bedroom holiday cottage is fully completed and offers an estimated gross development value (GDV) of around £300,000. Meanwhile, transforming the function room into a three-bedroom holiday rental could yield an additional GDV of approximately £250,000. Internally, the pub hosts four distinct drinking and dining areas with seating capacity for up to 60 patrons and an additional 60 covers in the versatile function space that can accommodate music events for larger gatherings. Above the pub is a spacious two-bedroom owner's flat with attractive views. Externally, the property showcases a large beer garden and car park capable of hosting around 20 vehicles. There are ample outdoor seating areas designed for comfort and enjoyment throughout various seasons. Financially, The Miners Arms demonstrates strong stability with weekly sales averaging £10,000 and annual profits exceeding £150,000. Given that property values in this area are approximately £3,500 per square meter, this presents a compelling investment opportunity. Overall, The Miners Arms combines operational viability with considerable renovation potential across multiple areas of development—making it a noteworthy prospect for both investors and developers looking to make their mark in this popular locale.

Investment Analysis

(GL15 area)

Below Market Value

This property is priced -69.3% below area average per sq ft

-69.3%
Potential saving
This Property
£91/sq ft
Area Average
£297/sq ft
Avg Rent (weekly)
£250
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £200,000
Target Value
£1,791,518
10% above area average per sq ft
Potential ROI
+155.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (GL15)

Area prices are stable by +0.6% over the last 12 months
3 year growth: -4.3%
5 year growth: 10.0%
Investment Disclaimer: Analysis based on GL15 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

Whitecroft, Lydney, GL15
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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
£1,832
Based on a loan of £375,000 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