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See how verdicts work2-bedroom flat · NP7 5JT
Listing removedListed 256 days
Opportunity summary
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About
Guide price £150,000 - £170,000 We are delighted to present this two-bedroom first floor apartment ideally located on Sarno Square, with no onward chain.
Within a striking Grade II listed former hospital building on the edge of Abergavenny.
The property enjoys a peaceful setting while remaining within easy reach of the town centre, which offers a wide range of independent shops, supermarkets, cafés and restaurants.
Excellent road links are available via the A40 and A465, providing straightforward access to Newport, Cardiff and the wider South Wales region, while Abergavenny railway station offers regular services towards Hereford, Newport and Bristol.
Well-regarded primary and secondary schools are close by, as are local attractions including Abergavenny Castle, parks, and the beautiful surrounding Monmouthshire countryside.
The building is approached via an impressive arched driveway leading to a secure communal entrance.
The ground floor provides well-maintained communal areas that reflect the character and history of this former Victorian hospital, creating an attractive and welcoming first impression for residents and visitors alike.
Situated on the first floor with high ceilings throughout, the apartment is accessed via a spacious entrance hall which provides access to all rooms.
To the right is a generous open-plan lounge and dining area, enhanced by the feature fireplace and feature windows that allow plenty of natural light and provide a view of the sugar loaf mountain.
The fitted kitchen is thoughtfully arranged with ample storage and worktop space, comfortably accommodating both cooking and dining needs with integrated dishwasher and fridge/freezer.
The accommodation includes two bedrooms: A large double bedroom and a well-proportioned single.
The main bedroom further benefits from a walk-in dressing area with fitted wardrobes and a private en-suite shower room.
Completing the layout is the main bathroom, fitted with a WC, hand basin and bath, finished to a good standard throughout.
Externally, residents enjoy excellent parking provision, with a large arched driveway directly in front of the building and an additional spacious car park just a short distance away.
The surrounding grounds are particularly attractive, offering extensive, well-maintained lawns ideal for leisurely walks.
Original Victorian-era pavilions are dotted throughout the grounds, adding charm and character to this unique setting and providing a pleasant outdoor environment rarely found so close to the town centre.
The current annual service charge of approximately £6,048 reflects recent major works carried out across the development to repair and refurbish the original windows within this Grade II listed building.
These works have now been completed and the management company has indicated that service charges may reduce once the next financial year begins in June 2026.
The seller understands that current and new residents also benefit from a significant reserve held by the management company to support future maintenance of the building.
Further details on this are available via purchasers’ solicitors.
2024-2026 financial years resulted in unusually high management costs as they included an external decoration fee in excess of £119,000. This was an isolated cost which is now complete.
The service charge includes unmetered water, a significant contribution toward gas usage, buildings insurance, and maintenance and cleaning of the attractive communal grounds and shared areas.
This adds an element of luxurious living where residents are responsible for a very limited amount of upkeep in beautiful surroundings.
Leasehold Information: Date : 11 April 2003 Term : 999 years from 31 March 2003 Annual Ground Rent : £250 (subject to review) Annual Service Charge: £6,048 per annum (approximately £504 payable monthly).
This charge includes water, a significant proportion of heating/gas costs, buildings insurance, full maintenance of the Grade II listed building and extensive communal grounds, together with cleaning and upkeep of communal areas.
As several essential household costs are incorporated within the service charge, this provides residents with more predictable and consolidated monthly outgoings in a managed and historically significant setting.
Restrictions of lease: No dogs other than by permission Council Tax Band D All services and mains water are connected to the property.
The broadband internet is provided to the property by fttc, the sellers are subscribed to BT Please visit the Ofcom website to check broadband availability and speeds.
The owner has advised that the level of the mobile signal/coverage at the property is good. Please visit the Ofcom website to check mobile coverage.
Please contact us for more information or to arrange a viewing. EPC Rating: C
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
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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.
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About 3 Sarno Square, Abergavenny
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