2-bedroom flat · LD3 7EG
Listing removedReduced £20k (−12.1%) on 21 JunListed 723 days
Opportunity summary
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About
Situated in a Grade II listed building dating back to 1774 is this two bed, top floor flat.
Its accommodation comprises of an entrance hall, two bedrooms both benefitting from built in storage, a newly fitted kitchen which has base and wall cupboards, worktops, integrated oven and hob and plumbing for a washing machine.
There is also a spacious bathroom and a good size living/dining room with a built in storage cupboard.
The property is neatly presented and benefits from gas central heating but does otherwise offer scope to improve and put your own stamp on.
It also has an allocated parking space which is a huge bonus for a property so close to town. Brief Lease Details: Lease length: 125 Years from the 25th December1987. 88 years remaining.
Owners become Freeholds in Common on purchase. Maintenance: There are three flats in the building and each owner pays jointly a third for building improvements, maintenance, and repairs.
The Watton is a popular residential area within walking distance of the town centre, canal basin and theatre. Brecon is a traditional market town, the centre of Bannau Brycheiniog National Park.
Surrounded by wonderful countryside it has a wide range of shops and amenities which include a cinema, theatre, leisure centre, library and golf course.
It also has several good primary schools, a secondary school, college of further education and Christ College a private boarding school for boys and girls aged 7-18.
With good access links Cardiff, Swansea and Hereford are all an hour’s drive and the nearest train station is in Abergavenny which is 20 miles away.
Council Tax: We have been informed that this property has been placed under council tax band ‘C’. Services: All mains services. Gas central heating.
Please note we have not tested the appliances, central heating or services.
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.
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About Flat 3, Watton, Brecon
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