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Lion Street, Hay-on-Wye, Hereford, Powys

West Midlands

£200,000
Listed on 29/09/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
728 sqft

Description

Situated in the vibrant community of Hay-on-Wye, this former Mission Hall, believed to date back to the 1920s, presents an intriguing blend of historical charm and modern renovation potential. Originally designed as a meeting house, the property boasts original architectural features, including a striking façade and high ceilings that contribute to its distinctive character. The interior offers generous, light-filled spaces with a flexible layout that can accommodate various uses. Whether you're looking to transform it into a creative studio, gallery, or multipurpose meeting venue, the open main room provides ample opportunity for customization. The approach is welcoming, with cast iron railings leading you through a gated entrance to the hall itself. Additionally, a convenient yard at the rear adds practicality to the space. Upon entering through double doors into a porch area, there are steps leading up to another set of double doors that reveal the spacious main room. Natural light pours in through eight wooden windows, enhancing the inviting atmosphere. Off this central area, two doors lead to a kitchen space equipped with essential units and sink facilities, complemented by additional windows and an external door for easy access to the back of the property. Outside, you’ll find a small courtyard that provides an outdoor area suitable for various functions or gatherings. There’s also an outbuilding currently serving as external toilet facilities—an added convenience which could be explored further as part of any renovation plans. Given its historical significance and adaptable layout in a sought-after location known for its literary festivals and cultural vibrancy, this property holds significant investment potential. With thoughtful renovations, it could evolve into a unique commercial space or serve as an attractive venue for local events. The possibilities are abundant for those looking to breathe new life into this distinctive building while preserving its historic essence.

Investment Analysis

(HR3 area)

Below Market Value

This property is priced -7.1% below area average per sq ft

-7.1%
Potential saving
This Property
£275/sq ft
Area Average
£296/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£236,716
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
6
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (HR3)

Area prices are falling by +12.4% over the last 12 months
3 year growth: -10.5%
5 year growth: 18.7%
Investment Disclaimer: Analysis based on HR3 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

Lion Street, Hay-on-Wye, Hereford, Powys
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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
£733
Based on a loan of £150,000 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