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Bank Lane, Machynlleth, Powys, SY20

Wales

£165,000
Listed on 01/11/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This mid-terraced property features two bedrooms and is located just off Maengwyn Street, placing it within easy walking distance to the town center and its various amenities. The proximity to local shops and services, combined with nearby parking options, enhances its appeal for both residents and potential renters. Constructed from stone with rendered elevations, the property showcases classic charm under a pitched slate roof. While it currently requires some updates, this presents an opportunity for renovation that could significantly increase its value. The layout includes an open plan kitchen/living area measuring approximately 22'6" by 15'9". The living space features laminate flooring and includes a staircase leading to the upper level, while the kitchen area is equipped with basic cabinetry, a central peninsula with seating, and space for essential appliances. An external door provides access to the rear garden. On the first floor, you'll find two bedrooms—Bedroom 1 measures around 13'2" by 10'8" and offers built-in storage along with a front-facing window. Bedroom 2, slightly smaller at 11'5" by 9'8", also has a radiator and window overlooking the front of the property. A functional bathroom accommodates a panel bath with shower over it, along with essential fixtures like a WC and pedestal wash basin. Additional features include an adjoining outbuilding made of block construction under a slate roof. This space consists of an external utility room (approximately 11' x 9'2") fitted with plumbing for a washing machine and stainless steel sink, as well as a hobby room or home office (around 10'1" x 9'4") equipped with windows for natural light. Both rooms are serviced with power and lighting, enhancing their usability. The outdoor area includes a patio section leading to further lawn space enclosed by stone boundary walls that provide privacy. There is also a brick-built platform decking area at the garden's end—a perfect spot for outdoor relaxation or entertaining. With its desirable location and various potential enhancements through renovation, this property stands out as an investment opportunity in a thriving community setting.

Investment Analysis

(SY20 area)
Area Average
£227/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
3
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (SY20)

Area prices are stable by +1.1% over the last 12 months
3 year growth: -4.4%
5 year growth: 15.8%
Investment Disclaimer: Analysis based on SY20 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

Bank Lane, Machynlleth, Powys, SY20
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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
£604
Based on a loan of £123,750 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