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Grosmont, Abergavenny, NP7

Wales

£525,000
Listed on 26/01/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2454 sqft

Description

This charming period farmhouse offers a unique opportunity for those looking to invest in a renovation project. Nestled in a picturesque valley on the eastern slopes of Graig Hill, it boasts stunning countryside views and is sold with no onward chain, which can facilitate a smooth transition for new owners. The property features an entrance hall that leads down to a useful cellar, providing additional storage space. The lounge, with its traditional stone fireplace housing a wood-burning stove, presents a cozy atmosphere ideal for family gatherings. The layout includes a sitting/dining room, along with a kitchen equipped with a solid fuel-fired Rayburn, prep-room/utility area, and a spacious pantry that could be adapted to suit modern living needs. A sizable boot room off the kitchen adds practicality to everyday life. On the upper levels, there are four generously sized double bedrooms accompanied by a bathroom. Access to the second floor reveals vaulted spaces that could be transformed into additional bedrooms or creative workspaces—enhancing the property’s overall living area. Outdoors, the farmhouse is approached from the rear, where parking is available off the lane. Adjacent to the home is a former pigsty outbuilding that holds potential for conversion into additional storage or workspace—subject to planning permission. The south-facing garden overlooks picturesque fields and encompasses approximately 1.57 acres of sloping land, providing ample opportunities for landscaping or outdoor recreation. There may also be potential for more parking arrangements on the property’s left side. Located between Grosmont and Skenfrith in North Monmouthshire, this area is renowned for its scenic beauty and is popular among walkers and nature enthusiasts. The nearby 12th-century Norman castles add historical charm alongside local dining establishments like The Bell at Skenfrith and restaurants in Grosmont that cater to various tastes. Educational needs are well-served by Cross Ash primary school, situated less than three miles away. The historic market towns of Abergavenny and Monmouth are within ten miles and offer various amenities including independent shops, theaters, and hospitals, enhancing convenience for residents. Please note that while mains electricity and water are connected along with private drainage services, we have not verified all appliances or systems. This property represents not just a home but also an investment opportunity ready for someone with vision to unlock its full potential in this beautiful rural setting.

Investment Analysis

(NP7 area)

Below Market Value

This property is priced -29.0% below area average per sq ft

-29.0%
Potential saving
This Property
£214/sq ft
Area Average
£301/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£813,599
10% above area average per sq ft
Potential ROI
+34.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (NP7)

Area prices are falling by +5.3% over the last 12 months
3 year growth: 0.3%
5 year growth: 22.3%
Investment Disclaimer: Analysis based on NP7 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

Grosmont, Abergavenny, NP7
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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
£1,923
Based on a loan of £393,750 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