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Melin-y-ddol, Llanfair Caereinion, Welshpool

Wales

£550,000

Listed on 09/06/2026

Property Details

Bedrooms
2
Type
Detached
Area
1378 sqft

Description

Nestled in the scenic landscape of Llanfair Caereinion, this property known as The Mill presents a compelling opportunity for renovation enthusiasts and investors. While it retains a charming rustic character, the home is primed for updates that can enhance its appeal and functionality. With its unique historical background as an attachment to a flour mill dating back to 1068, which still houses original grindstones and historic machinery, this site is not only rich in heritage but offers potential for creative restoration or modernisation. The cottage features cozy living spaces, including a sitting room complete with a log burner that opens up to views of the river Banwy—a perfect setting for rejuvenation. The layout includes two bedrooms across the first and second floors and additional spaces that could be repurposed as guest rooms or home offices. The kitchen, though compact, provides scope for expansion or redesign. The exterior boasts expansive gardens encompassing ancient woodlands with fruitful trees, ideal for those looking to develop outdoor living spaces or further landscaping projects. An existing outbuilding offers storage solutions as well as possibilities for conversion (subject to planning permission). Located conveniently close to village amenities and just a short distance from Snowdonia National Park and the coast, this property combines tranquility with accessibility—making it an appealing project for those who appreciate both nature and history. Given the need for refurbishment, interested buyers can explore various renovation options to elevate The Mill's charm while potentially increasing its market value.

Investment Analysis

(SY21 area)

Above Market Value

This property is priced +67.9% above area average per sq ft

+67.9%
This Property
£399/sq ft
Area Average
£238/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£360,381
10% above area average per sq ft
Potential ROI
-40.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (SY21)

Area prices are falling by -8.6% over the last 12 months
3 year growth: -6.6%
5 year growth: +5.8%
Investment Disclaimer: Analysis based on SY21 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

Melin-y-ddol, Llanfair Caereinion, Welshpool
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,078
Based on a loan of £412,500 over 30 years at 4.45% 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

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