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New Mills, Newtown, Powys, SY16 - Image 1
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New Mills, Newtown, Powys, SY16

Wales

£399,950
Listed on 31/12/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
1292 sqft

Description

This charming rural cottage offers a blend of character and substantial investment potential, particularly with the adjoining barn that holds full planning permission for conversion into a three-bedroom dwelling. Buyers could explore options to reconfigure the current plans to create additional living space or accommodation. Nestled within approximately 2.80 acres of scenic countryside, this property boasts a useful paddock and stunning views, making it an attractive option for those seeking both tranquility and opportunities for enhancement. The cottage itself features an oak-framed sunroom, two reception rooms, a kitchen with vaulted ceiling, utility room, two bedrooms, and a bathroom. The ground floor is highlighted by its cozy sitting room with woodburner, a spacious living room with ample light from velux windows, and functional utility spaces ideal for modern living. Situated just 1 mile from Tregynon village, residents will appreciate local amenities including a primary school and village hall while being within easy reach of Newtown market town and Gregynog Estate's extensive walking trails. The property also includes outdoor space with gardens at both the front and rear, parking facilities, and the opportunity to develop further on the adjacent barn in line with planning permissions granted in May 2024. This spot offers remarkable potential for capital growth in an appealing rural setting.

Investment Analysis

(SY16 area)

Above Market Value

This property is priced +38.0% above area average per sq ft

+38.0%
This Property
£310/sq ft
Area Average
£224/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£318,775
10% above area average per sq ft
Potential ROI
-29.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SY16)

Area prices are rising by +13.9% over the last 12 months
3 year growth: 7.0%
5 year growth: 26.9%
Investment Disclaimer: Analysis based on SY16 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

New Mills, Newtown, Powys, SY16
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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
£1,465
Based on a loan of £299,962 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