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Lerry Mills, Talybont SY24 5ED

Wales

£350,000
Listed on 12/05/2026

Property Details

Bedrooms
4
Type
Land

Description

This unique property spans approximately 7 acres of picturesque landscape, featuring diverse natural elements including woodland, a river, and fishing rights. The estate holds significant historical value with residential and commercial buildings that date back to the 1600s, possibly even earlier with unconfirmed Roman connections. The property has been in the same family since its acquisition at auction in 1926. Currently, it includes three cottages that require refurbishment, allowing for creative renovation opportunities to restore their charm while potentially increasing their market value. In addition to the cottages, the site boasts a sizeable car park accommodating over 15 vehicles and lush mature woodland comprised of various trees such as Oak and Pine. Five mills are located on the premises with Grade II listings—these could serve as characterful conversion projects into living spaces or businesses. With ample scope for expansion (subject to planning permission), local planners have indicated the possibility of constructing up to three additional dwellings on-site. Moreover, due to its scenic location alongside the River Leri, there is potential for alternative income streams such as setting up glamping or holiday lodges which could attract both short-term and long-term visitors alike. This property presents an exceptional investment opportunity for those looking to embark on a restoration project or capitalize on development potential within an area noted for its natural beauty.

Investment Analysis

(SY24 area)
Area Average
£244/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (SY24)

Area prices are falling by -9.0% over the last 12 months
3 year growth: -8.2%
5 year growth: +2.0%
Investment Disclaimer: Analysis based on SY24 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

Lerry Mills, Talybont SY24 5ED
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,249
Based on a loan of £262,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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