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HR3

West Midlands

£840,000
Listed on 13/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
5000 sqft

Description

Nestled in the stunning northeast corner of the Brecon Beacons National Park, this property offers a unique opportunity for renovation and investment. Located near the historic town of Hay on Wye, known for its literary festivals and vibrant community, the setting provides both breathtaking views and a range of outdoor activities such as hiking, mountain biking, and horse riding. The excellent transport links make it convenient to access major routes, particularly towards the M4 at Newport. The property itself is a well-constructed five-bedroom house that stands as a testament to traditional building quality. While it requires complete refurbishment, its solid structure presents a canvas for transformation into a modern family home or an inviting retreat. With expansive views over the Wye Valley and immediate proximity to Hay Bluff, the potential for creating light-filled living spaces that capitalize on these vistas is significant. Planning permissions have already been secured for two important developments: one allows for a two-storey side extension that integrates an attached garage into the main living area while enhancing the entrance. The second grants permission to convert former agricultural barns into two holiday lets along with a versatile amenity space. These additions not only create an opportunity to increase living space but also add revenue-generating potential through short-term rentals. The layout includes both existing living areas and future plans for connecting a single-story barn, formerly used as a cow byre, to create an expansive open-plan kitchen and living space with panoramic views. This exciting design choice reflects local architectural influences and promises to provide an exceptional lifestyle experience. In addition to the main residence, traditional farm buildings accompany the property across the yard. A spacious barn offers versatile usage options suitable for indoor recreation or professional workspaces. The adjoining Dutch barn enhances this flexibility further, ideal for hobbyists or additional storage needs. Surrounding the house are two grass fields totaling approximately 10 acres, providing ample space for gardening or even establishing a natural swimming pond with appropriate consents. An attractive garden area complements the property’s overall appeal. With mains electricity and water available on-site—alongside private drainage and oil-fired central heating—this property presents promising development potential combined with beautiful natural surroundings. Given its location and features, Brynglessy stands ready for its next chapter in both residential comfort and investment opportunity. Viewing is strictly by appointment only through Bengough Property.

Investment Analysis

(HR3 area)

Below Market Value

This property is priced -43.2% below area average per sq ft

-43.2%
Potential saving
This Property
£168/sq ft
Area Average
£296/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,625,800
10% above area average per sq ft
Potential ROI
+49.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

HR3
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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
£3,077
Based on a loan of £630,000 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