Historic house in Welsh spa town going to auction with a remarkable guide price

The central house in the row of three going to auction
-Credit: (Image: Paul Fosh Auctions)

One of the grandest looking buildings in the spa town of Llandrindod Wells is going to auction with a guide price that is likely to be noticed by potential investors looking for a building that can boast multiple homes inside.

Temple Street is a major route through the town, flanked by a leafy outlook across Llandrindod Lake Park on one side and towering, red-brick, handsome period houses on the other, and is a classic period street in this Powys spa town.

Llandrindod Wells experienced a boom during mainly the Victorian times and so can boast some beautiful and big buildings from that era. Website Llandrindod Wells states that, as the name suggests, the town was 'historically linked with the health-giving waters which it still provides for visitors today'. For more property stories sent to your inbox twice a week sign up to the property newsletter here.

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Period staircase
The period staircase is suitably impressive for such a handsome property -Credit:Paul Fosh Auctions

The site goes on to say that although the beneficial effects of taking the waters were known to the Romans, the development of the town did not take off until the middle of the 19th Century when it welcomed the railway, and then it grew at a remarkable rate, as the taking of the waters became a fashionable part of Victorian life.

Fast forward to the present and Llandrindod Wells offers a mix of small independent shops, eateries and public houses, doctors, dentists, a hospital with a small injury department, library, high school, two supermarkets, leisure centre, golf course, train, bus station and boating lake. The whole area around Llandrindod Wells is noted for its stunning scenery and the range of outdoor activities on offer.

A joy to see some Minton floor tiles from the past still in place in the present
Minton floor tiles -Credit:Paul Fosh Auctions
stained glass window
Some gorgeous stained glass windows to notice too -Credit:Paul Fosh Auctions

In amongst the visually appealing collection of Victorian streets that fan out from the centre of the town is a triple row of classic red-brick, period townhouses, and the middle one is now offering the chance to own the eight, self-contained flats that are found inside it, going to auction with a guide price of just £325,000.

The auction house states that the property has undergone extensive refurbishment in the last few years, with all new wiring, central heating systems and decoration throughout. All apartments are currently let and, based on the current for sale price, the property returns just over 9% income per annum.

Flat with furniture and TV
Inside the triple fronted property are eight, self-contained flats -Credit:Paul Fosh Auctions
kitchen in flat
Each flat is currently let, with a yield of 9%pa for the building if sold around the guide price -Credit:Paul Fosh Auctions

Inside the property offers five, one-bedroom flats and three, two-bedroom flats, all benefiting from full central heating with individual electric boilers and radiators. All tenancies are by way of the new occupation contracts.

The block of flats in the pretty spa town is going to online auction from 12 noon on Tuesday, July 23, and ends from 5pm on Thursday, July 25, via the Paul Fosh Auction website. For further information including about fees and the legal pack, see the company's website or call 01633 254044. For more property and renovation stories join our Amazing Welsh Homes Facebook group here.

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