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Building Plot at Broadstone, Catbrook - Image 1
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Building Plot at Broadstone, Catbrook

Wales

£240,000
Listed on 03/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This unique building plot in Broadstone presents an excellent opportunity for developers or investors looking to capitalize on its renovation and investment potential. With outline planning permission already granted under Application Reference: DM/2023/00494, this property allows for a streamlined development process, making it an appealing choice for those seeking to create a new residential project. Nestled within the tranquil hamlet of Broadstone, the plot is conveniently located near the charming village of Trellech and is just a short drive from the historic towns of Monmouth and Chepstow. These areas are well-known for their rich history and offer a variety of essential amenities including shops, schools, and recreational facilities. The proximity to Monmouth, approximately 7 miles away, enhances the property’s appeal with access to quality educational institutions like Haberdashers Monmouth School and various primary options. The land itself spans about 0.4 acres and is characterized by its rectangular shape. It benefits from direct access via Catbrook Road, which provides a level of privacy as it’s set back from the thoroughfare. This natural screening creates a conducive environment for development while allowing potential buyers to design their vision in this scenic location. Surrounded by the breathtaking landscapes of the Wye Valley Area of Outstanding Natural Beauty, residents can enjoy outdoor activities such as hiking along the Wye Valley Walk or exploring Offa’s Dyke footpaths. The area also boasts attractions like Tintern Abbey, catering to both nature enthusiasts and history buffs alike. Overall, this property not only offers immediate benefits through its planning permissions but also presents considerable long-term investment potential in a desirable location surrounded by scenic beauty and community amenities.

Investment Analysis

(NP16 area)
Area Average
£333/sq ft
Avg Rent (weekly)
£252
Avg Yield
3.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£20,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NP16)

Area prices are falling by +3.5% over the last 12 months
3 year growth: -1.8%
5 year growth: 4.6%
Investment Disclaimer: Analysis based on NP16 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

Building Plot at Broadstone, Catbrook
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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
£879
Based on a loan of £180,000 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