Terraced house · LD1 6BH
For saleListed 71 days
Opportunity summary
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About
FOR SALE BY ONLINE AUCTION - Lot 97 - 4 Bedroom Semi Detached Conversion Project.
A striking Grand Designs-type opportunity for refurbishment and reimagining ONLINE AUCTION from 1st - 3rd September No.
1 The Old Police Station is a rare and characterful landmark former civic building offering an exciting opportunity to create a truly individual four-bedroom home.
Rich in presence, with architectural and period features through out, this distinctive property is ideal for purchasers seeking a substantial renovation or conversion project, much of the hard work has already been done by the current owners, who due to a change of circumstances are offering this unique property for sale by auction.
Set within easy walking distance of all local amenities in an established setting, the property combines strong external appearance, with very adaptable internal space, for instance there is scoop to create a flat at the one end while doing an ambitious redesign on the former main part of the building where the existing owners have added a mezzanine floor above the former Court Room with a walkway from the bathroom area to the main bedroom area.
Outside the front and one side is a small grass area and to the rear is a large yard, which provides rear access and car parking for a number of vehicles.
Whether approached as a bold contemporary transformation or a sensitive restoration retaining original features, the building offers the kind of scale, identity and creative potential seldom found on the open market.
This is very much a Grand Designs-style project: an opportunity for architects, developers, self-build enthusiasts, or private buyers with vision to unlock the full potential of a landmark building.
Buyers should rely on their own inspection and due diligence in relation to the current layout, condition, measurements and future usability of the property Tenure: Advised Freehold - to be verified by solicitor Tenancies: To be sold with vacant possession
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 1 The Old Police Station Waterloo Road, Llandrindod Wells, Powys, LD1 6BH
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