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Cefn Coch, Welshpool, Powys, SY21

Wales

£195,000
Listed on 07/08/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a compelling opportunity for renovation and investment, featuring a barn that has received full planning consent to be transformed into a two-bedroom residence. The site spans 2.59 acres (1.05 hectares) of picturesque pastureland, offering stunning views of the surrounding Welsh countryside. Located approximately five miles west of Llanfair Caereinion, the property benefits from proximity to various amenities, including primary and secondary schools, dining options, and local pubs. For those seeking additional services, the larger market towns of Welshpool and Oswestry are accessible within a 30-minute drive. The area serves as an excellent base for outdoor enthusiasts, with Lake Vyrnwy just nine miles away and easy access to Snowdonia National Park as well as the scenic West Coast of Wales. The approved planning permission enables a significant development project that involves converting an abandoned dwelling in conjunction with an adjoining barn into a functional living space. The approval includes amendments for new vehicular access and the installation of a sewage treatment plant drainage system. Interested parties can obtain the planning pack from the agent for further details. Essential services such as mains water and electricity are available on-site, making this property ready for your future plans. As part of your due diligence, it's important to note that all boundary responsibilities are understood to be known by prospective buyers; neither the vendor nor their agents will define boundaries or ownership. The land is sold freehold with vacant possession upon completion and comes with sporting and mineral rights included. Additionally, the property is subject to existing easements and rights of way which may affect its use. Viewing is by appointment only; inspections should be conducted on foot rather than by vehicle. If you’re looking to invest in a project with promising renovation potential in a serene location, this property deserves your consideration.

Investment Analysis

(SY21 area)
Area Average
£239/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SY21)

Area prices are falling by +6.2% over the last 12 months
3 year growth: -8.0%
5 year growth: 22.8%
Investment Disclaimer: Analysis based on SY21 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

Cefn Coch, Welshpool, Powys, SY21
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Mortgage Calculator

£
£
£
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%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£714
Based on a loan of £146,250 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