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Berriew, Welshpool, Powys, SY21

Wales

£600,000
Listed on 02/11/2024

Property Details

Bedrooms
5
Type
Detached house
Area
2325 sqft

Description

This detached rural property offers a unique opportunity for renovation, situated on approximately 5.62 acres of land with expansive garden grounds and adjoining agricultural pasture. Located just on the outskirts of the popular village of Berriew, the property features scenic views of the surrounding countryside and is conveniently positioned for easy access to local amenities, including a primary school, pub, community center, and various sports facilities. Additionally, Newtown and Welshpool are within a short commuting distance, providing more extensive services and shopping options. The accommodation itself requires modernization and presents an ideal canvas for those looking to invest in home improvements. A spacious entrance hallway greets you with oak flooring, leading into a living room that boasts a large bay window and elegant parquet flooring complemented by an electric fireplace featuring a marble surround. The adjoining conservatory offers potential as an enjoyable space for relaxation or entertainment. The kitchen includes a variety of units with an integrated oven and hob, while a side entrance hallway provides convenient access to the outdoor areas. The dining room retains its charm with parquet flooring and features a serving hatch to the kitchen. Additional comforts include a shower room complete with a low-level WC and vanity wash basin, as well as a separate bathroom equipped with both a corner bath and heated towel rail for added convenience. This home provides five bedrooms in total; one bedroom benefits from an ensuite shower room, while another includes fitted wardrobes. Upstairs, you’ll find two further double bedrooms situated off a spacious landing that also accommodates a separate WC. Practical features include mains electricity, water supply, and efficient central heating powered by Calor gas. Solar panels enhance energy efficiency by supplying both electricity and hot water. The property is approached via a private gated driveway leading to an adjoining garage fitted with power and lighting. Surrounding the home are well-maintained garden grounds featuring colorful borders and serene patio areas ideal for enjoying the tranquil setting. The rear elevated patio offers opportunities for outdoor entertaining while soaking in breathtaking views over the countryside. Additionally, the property's 4.76 acres of agricultural pasture provide versatile usage options suitable for grazing or equestrian activities—making this space not only ideal for family living but also presenting significant investment potential for those seeking to enhance or expand their property portfolio.

Investment Analysis

(SY21 area)

Above Market Value

This property is priced +8.1% above area average per sq ft

+8.1%
This Property
£258/sq ft
Area Average
£239/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£610,603
10% above area average per sq ft
Potential ROI
-11.5%
After renovation
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

Berriew, Welshpool, Powys, SY21
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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
£2,198
Based on a loan of £450,000 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