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See how verdicts work2-bedroom terraced house · SY20 8EL
Listing removedListed 567 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated just off Maengwyn Street, 24 Bank Lane is a 2 bedroom, mid-terraced, property benefitting from an external utility/home office and rear garden.
The property is conveniently located within level walking distance of the town centre and its amenities and close close to the town car park.
The property would benefit from a degree of upgrading but offers plenty of potential. Of stone construction with rendered elevations, under a pitched slate roof, viewing is highly recommended.
The accommodation comprises: Open Plan Kitchen/Living Area (22'6 x 15'9). Living Area with laminate flooring, stairs off, double radiator and cupboard housing consumer unit.
Kitchen area with linoleum floor covering, base and wall cupboards to 1 wall with central peninsular unit and seating.
Stainlesss steel sink unit, space for oven with extractor hood over, space below counter for appliances. External door to rear garden.
First Floor: Bedroom 1 (13'2 x 10'8); with built-in storage cupboard, radiator and window to front. Bedroom 2 (11'5 x 9'8); with radiator and window to front.
Bathroom with panel bath, shower over, WC, pedestal wash basin, radiator, cupboard housing gas fired combi boiler.
Please note that a charge of £36 per person will be applied to cover mandatory anti-money laundering checks.
To the rear is an adjoining outbuilding of block construction under a slate roof providing external Utility Room (11' x 9'2) with stainless steel sink unit, plumbing for automatic washing machine, concrete floor and a Hobby Room/Home Office (10'1 x 9'4) with laminate flooring, 2 windows, external UPVC double glazed door, double radiator, all with power and lights.
Patio area and further lawned area with stone boundary walls offering privacy. Brick built platform decking area at end of garden.
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 24, Bank Lane, Powys
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