1-bedroom flat · LD1 5HG
For saleReduced £3.5k (−7.8%) on 23 SepListed 212 days
Opportunity summary
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About
Set within an elegant Victorian building just a short stroll from the centre of Llandrindod Wells, this generously proportioned first-floor apartment presents a superb opportunity for investors or those seeking a characterful home with significant potential.
The accommodation is well-balanced and inviting, featuring a spacious open-plan reception and kitchen area, a comfortable double bedroom, and a bathroom fitted with a shower over bath.
Period proportions and natural light enhance the sense of space throughout, offering an excellent foundation for a stylish and contemporary interior.
While the apartment would benefit from a programme of modernisation and cosmetic refinement, it offers an exciting opportunity to create a bespoke living space tailored to individual tastes, unlocking the full potential of this charming home.
The building itself has been subject to recent and ongoing enhancements to the communal areas, including the addition of CCTV, reflecting a proactive approach to maintenance and security.
To the rear, residents benefit from a shared parking area, with the added advantage of a designated space allocated to Flat 2.
Offered to the market with no onward chain, this is a rare chance to acquire a characterful property with scope for improvement in the heart of this historic spa town.
In-person viewing is highly recommended to fully appreciate the opportunity on offer. Lease Details: Leasehold with a 99-year lease granted in 1994 (approximately 67 years remaining).
Prospective purchasers intending to obtain a mortgage are advised to consult with their lender or financial advisor regarding the lease term.
Service Charge/Ground Rent: £480 per annum Perfectly positioned within easy walking distance of the centre of Llandrindod Wells, this property enjoys an enviable setting in one of Wales’ most distinctive and historic spa towns.
Renowned for its elegant Victorian and Edwardian architecture, Llandrindod Wells offers a refined blend of heritage, lifestyle, and natural beauty, all set against the rolling landscapes of Mid Wales.
Rising to prominence in the 19th century, Llandrindod Wells became a fashionable destination during the Victorian era, celebrated for its therapeutic spa waters and attracting visitors from across the country seeking rest and rejuvenation.
This prosperous period shaped much of the town’s striking architecture and genteel character that remains evident today, lending a timeless sense of elegance throughout the area.
The town provides an excellent array of boutique shops, cafés, leisure facilities, and well-regarded schools, complemented by convenient transport connections including a railway station and regular bus services.
Cultural highlights such as the The Albert Hall Theatre and the National Cycle Museum enrich the town’s vibrant character, while the picturesque lake offers a tranquil setting for leisurely walks and outdoor pursuits.
Surrounded by some of the region’s most celebrated countryside, including the breath-taking Elan Valley and the scenic Wye Valley, the area is a haven for those who appreciate the outdoors.
From peaceful riverside strolls to exceptional cycling routes and wildlife experiences at the Gigrin Farm Red Kite Feeding Centre, this location offers a truly elevated lifestyle defined by both convenience and natural splendour.
Value & comps
No previous sales on record.
Returns
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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 Derrymore, Temple Street, Llandrindod Wells
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