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See how verdicts workHouse · SY20 8NN
For saleListed 106 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Former Chapel situated in the village of Penegoes, approximately 2 miles from the market town of Machynlleth, which has a small array of Shops, Cafes & Restaurants, Leisure Centre, Primary & Secondary Schools, Railway Station and is also accessible to the coast at Aberystwyth & Aberdyfi some 19 and 16 miles respectively.
The Chapel offers potential for a variety of uses, the main one being conversion to residential, subject to receiving all the necessary approvals and consents.
The accommodation comprises: Double doors open to Vestibule with tiled floor through to Chapel (32'10 x 22'4) which is fully fitted out with pitch pine pews and good high ceiling.
Store Room (7'9 x 6'1) to rear. There is a front railed area and maintenance path surrounding the property.
Covenants The sale of the property is subject to the following Covenant: The transferee hereby covenants (and if more than one jointly and severally) with the intent to bind the property hereby transferred and any part of it or any building now or at any time being thereon (together hereinafter referred to as 'the Property' into whosoever hands the same may come but not so as to render the Transferee personally liable for any breach of covenant committed after parting with all interest in the Property in respect of which such breach occurs that the Transferee and his/her/its successors in title will not at any time use the Property i) for the manufacture distribution sale or consumption of beer wines spirits or any other intoxicating liquors or drugs other than pharmaceutical drugs or for any club institution or shop at which intoxicating liquors or drugs other than pharmaceutical drugs are sold or consumed; or ii) for any noisy or offensive trade manufacture or business for any other purpose which may become a nuisance to a place of worship a vestry hall Sunday School chapel house or manse; or iii) for the purpose of betting gaming or wagering; or iv) for any immoral or sacreligious purpose which may cause offence or annoyance to the Transferor in respect of its ownership of or use of adjoining or neighbouring land or (except with the prior written approval of the Transferor which in its absolute discretion it may or may not give) for the benefit of any religious or quasi religious or other sect denomination or group.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let licence or registration needed
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 Capel Ebenezer,, Penegoes, Powys
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