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See how verdicts work3-bedroom semi-detached house · SY16 1BP
Listing removedReduced £10k (−4.8%) on 21 JunListed 487 days
Opportunity summary
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About
Morris Marshall & Poole have been instructed by the Diocese of St Asaph to offer for sale The Rectory Close in Newtown which is a Grade II Listed building adjoining The Rectory also being offered for sale separately.
Situated off Old Kerry Road, the property is within walking distance of the town centre and other amenities and also only a stone's throw away from the railway station.
The spacious house which is in need of some upgrading and refurbishment provides well laid out accommodation on two floors comprising 2 Reception Rooms, Kitchen/Dining, WC, 3 Bedrooms and a Shower Room.
Outside space includes a large garden area to the front of the house with potential for development subject to the relevant consents, together with a Garage and parking at the side.
Access to the property is over a tarmcadam roadway shared with The Rectory from which purchasers will need to construct a driveway over part of the garden leading to Rectory Close and its garage.
The accommodation which has mains gas central heating throughout comprises: Ground Floor: Recessed Porch leading to Entrance Hall. Cloakroom with WC and washbasin.
Lounge with shelving, bay window to front.
Dining Room with store housing gas central heating boiler and plumbing for washing machine, window to front, archway to: Kitchen comprising range of fitted units, stainless steel sink, space for cooker with stainless steel extractor hood over.
Living Room with windows to front and rear aspects. Lobby with entrance door, staircase to first floor. First Floor: Landing with built-in store cupboard.
Bedroom (1) with built-in wardrobes, window to front. Bedroom (2) with built-in wardrobe, window to front. Shower Room comprising shower cubicle, washbasin, WC, aquaboard walls, heated towel rail.
Steps from Landing up to: Bedroom (3) with built-in cupboard, window to front (note: This room has a Flying Freehold over part of The Rectory).
The property is approached over a gated private tarmacadam access road off Burger King premises (shared with The Former Rectory) from which a new driveway will need to be constructed by the purchasers over their garden to access the Garage and old driveway on the side of Rectory Close.
To the front of the house there is a spacious lawned area and garden. To the side of the house there is a Garage and parking area (formerly the old access road to The Rectory).
Registered charity notice “In accordance with our client’s charitable status (Registered Charity Number 1142813) the property may remain on the open market until exchange of contract, our client reserve the right to consider any other offer which is forthcoming.
This property will be sold subject to our client’s standard covenants, further details of which are available upon request”.
Overage clause The property will be sold subject to an overage clause to the effect that should planning consent be obtained for a separate residential unit (S) within the garden, a payment of 40% of any uplift in value as a result of the planning permission will be payable to the vendors.
Value & comps
No previous sales on record.
Returns
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Short-let licence or registration needed
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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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FAQ
About The Former Rectory Close,, Old Kerry Road, Powys
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