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See how verdicts work2-bedroom flat · LD3 9EE
For saleListed 1226 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by online auction - Retail Unit and x10 Flats - fully tenanted Bidding opens: Auction scheduled to end: Renovated in 2016 this substantial, grade II listed building is comprised of ten high quality apartments and a ground floor shop.
Additionally there is a dilapidated outbuilding which has approved planning permission for two cottages, both with two bedrooms. There is a mixture of studios, one and two bedroom apartments.
The building itself has eight apartments accessible via a communal side entrance. To the rear are two further apartments which share a communal entrance also.
The outbuilding can be accessed from the rear of the building. The shop is accessible from the main High Street and has a prominent position within Brecon's well regarded shopping area.
All apartments are currently occupied and are achieving a total annual income of £63,900.
The ground floor shop is currently occupied by an antiques dealer and is achieving an annual income of £10,200.
Location The ground floor retail unit is located on a prominent position on the main High Street in Brecon.
The property gains plenty of footfall, and is situated amongst local and national retailers such as Santander, Peacocks and Specsavers.
The flats are located on Bell lane which can be accessed via the walkway next to The Original Factory Shop'.
Brecon is the third largest town In Powys and benefits from an influx of tourism, particularly in the summer months.
Due to its ideal location at the northern point of the Brecon Beacons National Park, it is surrounded by scenic walking/biking routes and offers visitors access to some of the idyllic settings that this area of outstanding natural beauty has to offer.
Planning Permission There is a dilapidated outbuilding to the rear which has planning permission granted for 2, two bedroom cottages.
Approved Planning Reference: 17/15055/ful with listed building consent also being approved on Ref: 17/15056/lbc. Further information is available on the Breacon Beacons planning portal.
Services The property benefits from gas, water and electric (not tested). VAT We have been advised that no VAT is applicable on this sale. Tenure: Advised Freehold - to be verified by solicitor
Value & comps
No previous sales on record.
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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 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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FAQ
About 30, High Street, Brecon
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