Modern Method of Auction
Auction date not yet published
10-bedroom house · LD8 2LD
For saleReduced £50k (−12.2%) on 22 JulListed 168 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An extraordinary former Carmelite residence with extensive accommodation, historic character, part walled gardens, and exceptional potential for restoration, hospitality, multi generational living or creative reinvention.
Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £450,000.
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted.
Ultimately a transparent process which provides speed, security and certainty for all parties.
Set on the edge of the popular border town of Presteigne, Carmel Court is a substantial and highly individual former Carmelite residence offering extensive accommodation, tremendous flexibility, and exciting scope for a variety of future uses, subject to any necessary consents.
This intriguing property combines history, character, and sheer scale.
Formerly part of the Carmelite convent established in Presteigne during the 1950s, the building now presents a rare opportunity to acquire a landmark property with enormous potential for restoration, reinvention, or multi generational living.
Although now requiring improvement and updating in areas, the property retains a wonderful atmosphere and includes a fascinating arrangement of reception rooms, ancillary accommodation, cellar rooms, former service areas, and extensive additional space which simply must be viewed to be fully appreciated.
The accommodation is extensive and somewhat unusual in layout, making a traditional room-by-room description difficult.
Carmel Court is very much a property that unfolds as you walk through it, with a variety of interconnecting rooms and spaces lending themselves to a wide range of possible configurations.
The main accommodation features large rooms with high ceilings and period features, a self contained first floor flat (separate council tax), large reception areas, a substantial kitchen space, impressive vaulted cellar rooms, ancillary fully self contained accommodation accessed both via the main accommodation and private entrances, walled garden areas, and considerable potential for home working, hospitality, guest accommodation, creative use, or an impressive private residence.
The adjoining chapel and cottage are not included within the sale.
A Brief History of Carmel Court Carmel Court forms part of the former Carmelite convent established in Presteigne by an enclosed order of Carmelite nuns during the early 1950s.
The Carmelites moved to Presteigne seeking peace, privacy, and permanence following wartime disruption elsewhere in the UK.
Over time, the convent became an important part of the local community and was widely known simply as “The Carmel”. The buildings themselves are of considerable architectural and historical interest.
Much of the convent was created using reclaimed and salvaged materials, with the chapel designed by noted architect Francis Pollen in one of his earliest commissions.
The simple monastic style, thick walls, peaceful atmosphere, and practical layout still reflect the building’s original purpose today.
As religious vocations declined, the Carmelite community eventually left Presteigne, and parts of the complex later evolved into residential accommodation now known as Carmel Court.
Today, the property offers a rare chance to acquire not simply a house, but a building with genuine provenance, atmosphere, and exciting possibilities for the future.
Presteigne and the Surrounding Area Presteigne is a popular border market town situated close to the Herefordshire and Shropshire borders, offering a good range of everyday amenities and services.
The town includes independent shops, cafés, public houses, restaurants, a supermarket, medical centre, primary school, secondary schooling at John Beddoes Campus, leisure facilities, and a regular weekly market.
The town is well known for its active community and annual Presteigne Festival, together with a range of local events and clubs throughout the year.
The surrounding area offers attractive countryside, walking routes, and access to the Welsh Marches, making it particularly popular with those seeking a more rural lifestyle whilst remaining connected to nearby towns.
Nearby destinations include Kington approximately 7 miles, Knighton approximately 8 miles, Leominster approximately 18 miles, Ludlow approximately 20 miles, Hay-on-Wye approximately 23 miles, and Hereford approximately 24 miles.
Rail services are available from Knighton and Leominster, with wider road links providing access into Mid Wales, Herefordshire, and the West Midlands.
Auctioneers Additional Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.
The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’.
The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’. These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers’ obligations and sellers’ commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property.
The deposit will be a contribution to the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained.
There is no requirement or indeed obligation to use these recommended suppliers or services
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.
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