4-bedroom house · HR3 5DF
For saleListed 583 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Chancellors is proud to present this commercial property with two separate residential apartments.
Situated on the high street of the market town of Hay-on-Wye - famed for its annual festival and surrounded by beautiful countryside - viewing is highly recommended.
Situated in Hay-On-Wye - world renowned for its literary festival and with beautiful countryside all around - we are proud to present this part-commercial/part-residential property; offering retail space and two apartments.
The traditional style shop front features display windows either side of some steps leading up to the door and the entrance to the retail space.
A door at the back of this area leads into an inner hall and access to two further rooms (currently offering changing facilities and a stock room), steps down to an underground store room and a door to a hallway with a cloakroom and access to the alleyway to the side of the shop.
The inner hall also offers access to the first floor apartment, via some stairs.
The two main bedrooms are to the front and overlook the street below, one has fitted wardrobes and one is adjacent to a cloakroom with wc and wash basin.
A further room would make an ideal home office or nursery and is complete with a window to the side.
Further along the landing and a kitchen to the left features a range of fitted units and integrated appliances.
Across the landing is the main bathroom with its fitted sink unit and bath with shower screen and shower over.
The main living space is to the rear and offers space for lounge and dining furniture, two sash windows to the rear aspect, high ceilings and a feature marble fireplace.
Back on the ground floor and steps from another side door lead down to the entrance to the second apartment.
A hallway leads into the kitchen/diner complete with exposed beams, a pantry/larder, various fitted floor and wall units and space for white goods.
An adjacent hall with a built-in cupboard gives access to the family bathroom, the bedroom and the main reception room.
This main living space features the ceiling beams, common throughout the apartment, a fireplace with wood-burning stove, two windows and partly wood-panelled walls.
This ground floor apartment also has its own separate access via an alleyway to the side of the property. Both the apartments are immaculately presented and offer versatile living accommodation.
They could be completely separated and offer rental opportunities or combined to make a substantial residence with the retail space in between.
There are so many aspects to this property which are difficult to describe in our words and pictures, hence viewing is highly recommended to fully appreciate what is on offer and what opportunities lie within both the retail and living spaces.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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
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FAQ
About Leicester House,, Castle Street, Hay-on-Wye, Hereford
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