Lancaster Arms in Abergavenny for sale for £475,000
The Lancaster Arms, listed by Sidney Phillips, offers substantial potential for development as a public house, restaurant, and accommodation business.
The property, housed in a prominent location in the centre of the village, has been owned by its current proprietors since 1996.
(Image: Sidney Phillips via Rightmove) It traded successfully as a pub for many years before transitioning in 2006 to a bed and breakfast service.
The premises now cater to walkers using the Offa's Dyke Path, which is located just 50 metres away.
The estate agent states that the property has been well-maintained, and could easily be reverted back to a pub or small hotel, requiring "very little investment".
(Image: Sidney Phillips via Rightmove) The property offers a lounge bar, games room, kitchen, four letting bedrooms (two with ensuites), and a separate two-bedroom owner's accommodation.
There is also potential for further development, with possibilities to convert the former cellar, pool room and part of the lounge into additional rooms.
The exterior of the property includes a large garden, parking space, and outbuildings.
(Image: Sidney Phillips via Rightmove)
The garden is divided into two sections and includes a timber shed.
There is also an enclosed lawned area with access to garages, a workshop/store room, and the former cellar.
The Lancaster Arms holds a full Premises Licence, and is connected to mains water, electric, and drainage.
LPG gas is used for cooking and heating.
The property is situated beside the main A465 on the fringe of the Brecon Beacons National Park, offering excellent communication links.
It is approximately six miles from Abergavenny, 18 miles from Hereford, 22 miles from Newport and the M4 motorway, and 25 miles from Brecon.
The village of Pandy, located on the A465 Hereford to Abergavenny road, sits on the eastern fringe of the Brecon Beacons National Park.
The Offa's Dyke Path and Marches Way pass through the village, which has a rich history, having developed from a mill producing wool in the service of the Llanover Estate in the 17th Century.
The name "Pandy" in Welsh means fulling mill.
The ground floor of the property includes a residents and private lounge, which was formerly the lounge bar, and a games room.
The lounge is comfortably furnished, with dining seating for eight, settle seating for five, and two fireplaces, one of which has a wood burner.
The games room features a heavily beamed ceiling, a pool table, and seating for eight.
The first floor houses the letting accommodation, which includes four bedrooms, two of which have ensuite shower rooms.
The remaining two bedrooms share a bathroom.
The owner's accommodation is located above the workshop in the former stable block, and is accessed via an external steel staircase.
(Image: Sidney Phillips via Rightmove)
It includes a small kitchenette, lounge/dining room with exposed stone walls and a wood burner, two double bedrooms, and a shower room.
The property also includes a workshop/store room and former cellar, offering further potential for development.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Scottish Sun
2 hours ago
- Scottish Sun
It's a buyers market! How YOU could knock £22k off a house price and the key to a cheeky winning bid
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) HOMEBUYERS could knock tens of thousands of pounds off the asking price of a property using a few key haggling tricks. Sellers are agreeing to sales that are £22,694 below asking price on average, according to figures from property portal Rightmove. But what is the trick to making a winning bid? We spoke to experts to share their tips. Sign up for Scottish Sun newsletter Sign up 2 We explain how you can haggle a home discount and save £22,000 Credit: Getty 2 This chart from Rightmove data reveals how big a discount buyers can get on homes based on their size Property experts now say the market has tipped in the favour of buyers - and with this comes power for anyone looking to purchase a new home. A typical house is now worth £378,240, which means buyers are haggling a discount of 6% on average. Although mortgage rates have fallen in recent months, they are still much higher than the levels seen in the last decade. Meanwhile, house prices have continued to climb during this period but wages have not. Read more on house prices HOUSE THAT Mortgage rates slashed ahead of Bank of England interest rate decision tomorrow As a result, buyers are limited on what they are able to afford. This means that at the moment it is all the more important to get a discount when trying to land your dream home. Check out the market When making an offer that is below the asking price, always check the price that similar houses have sold for nearby, suggests buying agent Emma Fildes. 'Knowing the area and type of property you've been searching for is key,' she said. 'Past sales can be found on the Land Registry website or Rightmove and you can see the sold house prices under the street name.' Best schemes for first-time buyers Always expand your search to the streets around you too, as homes on these roads may have sold more recently. This could help you to make a like-for-like comparison with the home you are making an offer on, she recommends. You can also install the Property Log attachment on your Google Chrome internet browser, which will show you which direction asking prices are moving in your area. Win over the seller A large part of whether you will be successful when buying a home is whether your circumstances match those of the seller. How to sell your home for the best price IF you are looking to sell your home this year the there are a few ways to guarantee that it sells for the best price. Homes that are priced too high when they are first put up for sale are more likely to be sold for a low asking price, according to property website Rightmove. Houses that need to lower their price during marketing are less likely to find a buyer overall, its research found. These houses can also take over two months longer to find a buyer. When listing your home on a property portal you should start with a competitive price, a well written description and attractive images. These things can encourage a potential buyer to enquire about a viewing immediately. Homes that receive an enquiry on the first day of marketing are 22% more likely to successfully find a buyer than properties which take more than two weeks to receive their first enquiry, it found. Emma Fildes said: 'Understanding the seller's circumstance can also enable you to get a larger discount if you can provide something other buyers can't when making an offer.' Being able to exchange quickly, make a cash purchase, sell without an onward chain or extend a completion date can all be attractive to a seller, she said. You can be cheeky - but there's a limit When making an offer you should always act with conviction while also trying to avoid offending the seller, recommends Ranald Mitchell of Charwin Private Clients. 'It's all very well trying to put in a cheeky bid but in doing so you could insult the vendor,' he said. 'It's human nature that if you insult them then they are going to dislike your subsequent offers or be put off a little.' If you're going to make an ambitious bid then you should get yourself into a good position to increase the chances that your offer is accepted, he said. Ranald said: 'If you can move quickly or have a mortgage approved then your offer may be more likely to be accepted.' Bide your time The best time to negotiate a discount on the price of a home is when it has been on the market for a while. Most sellers will not accept low offers in the first week or two of listing. Wait until the seller realises their listing is overpriced. Most sellers put a house on the market because they want to move themselves. If it takes a while to secure offers then they could feel stuck or it could create issues with their own moving plans if they are part of a chain. Wait a few weeks before putting in a low offer. You are more likely to have your offer accepted if it is well informed and polite. Keep your budget secret Have a maximum budget in mind but avoid telling the seller what it is, suggests Ranald Mitchell, director at Charwin Private Clients. 'If you tell the seller what your budget is, it can backfire,' he said. If the seller is aware that you can afford more than you offer, then they have no incentive to reduce the asking price. This could mean you end up paying more than you needed to. Do you have a money problem that needs sorting? Get in touch by emailing money-sm@ Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories
The Sun
2 hours ago
- The Sun
It's a buyers market! How YOU could knock £22k off a house price and the key to a cheeky winning bid
HOMEBUYERS could knock tens of thousands of pounds off the asking price of a property using a few key haggling tricks. Sellers are agreeing to sales that are £22,694 below asking price on average, according to figures from property portal Rightmove. But what is the trick to making a winning bid? We spoke to experts to share their tips. 2 2 Property experts now say the market has tipped in the favour of buyers - and with this comes power for anyone looking to purchase a new home. A typical house is now worth £378,240, which means buyers are haggling a discount of 6% on average. Although mortgage rates have fallen in recent months, they are still much higher than the levels seen in the last decade. Meanwhile, house prices have continued to climb during this period but wages have not. As a result, buyers are limited on what they are able to afford. This means that at the moment it is all the more important to get a discount when trying to land your dream home. Check out the market When making an offer that is below the asking price, always check the price that similar houses have sold for nearby, suggests buying agent Emma Fildes. 'Knowing the area and type of property you've been searching for is key,' she said. 'Past sales can be found on the Land Registry website or Rightmove and you can see the sold house prices under the street name.' Best schemes for first-time buyers Always expand your search to the streets around you too, as homes on these roads may have sold more recently. This could help you to make a like-for-like comparison with the home you are making an offer on, she recommends. You can also install the Property Log attachment on your Google Chrome internet browser, which will show you which direction asking prices are moving in your area. Win over the seller A large part of whether you will be successful when buying a home is whether your circumstances match those of the seller. How to sell your home for the best price IF you are looking to sell your home this year the there are a few ways to guarantee that it sells for the best price. Homes that are priced too high when they are first put up for sale are more likely to be sold for a low asking price, according to property website Rightmove. Houses that need to lower their price during marketing are less likely to find a buyer overall, its research found. These houses can also take over two months longer to find a buyer. When listing your home on a property portal you should start with a competitive price, a well written description and attractive images. These things can encourage a potential buyer to enquire about a viewing immediately. Homes that receive an enquiry on the first day of marketing are 22% more likely to successfully find a buyer than properties which take more than two weeks to receive their first enquiry, it found. Emma Fildes said: 'Understanding the seller's circumstance can also enable you to get a larger discount if you can provide something other buyers can't when making an offer.' Being able to exchange quickly, make a cash purchase, sell without an onward chain or extend a completion date can all be attractive to a seller, she said. You can be cheeky - but there's a limit When making an offer you should always act with conviction while also trying to avoid offending the seller, recommends Ranald Mitchell of Charwin Private Clients. 'It's all very well trying to put in a cheeky bid but in doing so you could insult the vendor,' he said. 'It's human nature that if you insult them then they are going to dislike your subsequent offers or be put off a little.' If you're going to make an ambitious bid then you should get yourself into a good position to increase the chances that your offer is accepted, he said. Ranald said: 'If you can move quickly or have a mortgage approved then your offer may be more likely to be accepted.' Bide your time The best time to negotiate a discount on the price of a home is when it has been on the market for a while. Most sellers will not accept low offers in the first week or two of listing. Wait until the seller realises their listing is overpriced. Most sellers put a house on the market because they want to move themselves. If it takes a while to secure offers then they could feel stuck or it could create issues with their own moving plans if they are part of a chain. Wait a few weeks before putting in a low offer. You are more likely to have your offer accepted if it is well informed and polite. Keep your budget secret Have a maximum budget in mind but avoid telling the seller what it is, suggests Ranald Mitchell, director at Charwin Private Clients. 'If you tell the seller what your budget is, it can backfire,' he said. If the seller is aware that you can afford more than you offer, then they have no incentive to reduce the asking price. This could mean you end up paying more than you needed to. .
Scottish Sun
7 hours ago
- Scottish Sun
Bargain UK retailer to shut ‘another good shop' TODAY after announcing 68 closures with huge sales launched
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A MAJOR UK retailer has permanently pulled the shutters on another location. The move comes as the budget chain announced a series of store closures in recent weeks. Sign up for Scottish Sun newsletter Sign up 1 Another Poundland store has pulled its shutters for the last time as part of the company's restructuring (stock image) Credit: Alamy Poundland confirmed the closure of its Flintshire Retail Park location earlier this week. The shopping chain is closing 68 stores across the UK as part of a restructuring plan. A further 82 Poundland locations are reported to be at risk in the coming years. This comes after Poundland was sold to the investment firm Gordon Brothers for just £1. Flintshire is one of many store locations to launch sales in the lead up to closure. The Leader reported on the latest development, speaking to a Poundland representative ahead of the Welsh store's closure. "We've been unable to agree terms that would allow us to keep trading in Flint, and the store is planned to close on June 21," the rep said. "We'd obviously like to thank customers for their support there." The Poundland spokesperson went on to discuss the effect the closure would have on the location's staff. "It goes without saying whenever we close a store in circumstances like these, we do all we can to look for other opportunities for colleagues and that work is underway," they said. Poundland to be sold for JUST £1 as frontrunner for shock takeover is revealed after wave of store closures "With over 800 locations across the UK and Ireland, we constantly review our store portfolio as leases expire or come up for renewal. " Flintshire residents shared their disappointment over the closure on Facebook. "Such a shame," wrote one local shopper. "It happened in Bangor, same thing, now it's a charity shop. It's a shame really and we all thought prices were going down," agreed another commenter. "Such a shame these shops are closing," wrote a third Flintshire resident. Why are retailers closing stores? RETAILERS have been feeling the squeeze since the pandemic, while shoppers are cutting back on spending due to the soaring cost of living crisis. High energy costs and a move to shopping online after the pandemic are also taking a toll, and many high street shops have struggled to keep going. However, additional costs have added further pain to an already struggling sector. The British Retail Consortium has predicted that the Treasury's hike to employer NICs from April will cost the retail sector £2.3billion. At the same time, the minimum wage will rise to £12.21 an hour from April, and the minimum wage for people aged 18-20 will rise to £10 an hour, an increase of £1.40. The Centre for Retail Research (CRR) has also warned that around 17,350 retail sites are expected to shut down this year. It comes on the back of a tough 2024 when 13,000 shops closed their doors for good, already a 28% increase on the previous year. Professor Joshua Bamfield, director of the CRR said: "The results for 2024 show that although the outcomes for store closures overall were not as poor as in either 2020 or 2022, they are still disconcerting, with worse set to come in 2025." It comes after almost 170,000 retail workers lost their jobs in 2024. End-of-year figures compiled by the Centre for Retail Research showed the number of job losses spiked amid the collapse of major chains such as Homebase and Ted Baker. It said its latest analysis showed that a total of 169,395 retail jobs were lost in the 2024 calendar year to date. This was up 49,990 – an increase of 41.9% – compared with 2023. It is the highest annual reading since more than 200,000 jobs were lost in 2020 in the aftermath of the COVID-19 pandemic, which forced retailers to shut their stores during lockdowns. The centre said 38 major retailers went into administration in 2024, including household names such as Lloyds Pharmacy, Homebase, The Body Shop, Carpetright and Ted Baker. Around a third of all retail job losses in 2024, 33% or 55,914 in total, resulted from administrations. Experts have said small high street shops could face a particularly challenging 2025 because of Budget tax and wage changes. Professor Bamfield has warned of a bleak outlook for 2025, predicting that as many as 202,000 jobs could be lost in the sector. "By increasing both the costs of running stores and the costs on each consumer's household it is highly likely that we will see retail job losses eclipse the height of the pandemic in 2020." "Oh no, love Poundland, feel sorry for the people who work there," said another person. "It's really sad, a lot of people there [are] losing their jobs," agreed one Facebook user. Others blamed the increasing prices for the decline in Poundland's popularity. "Think the reason is the whole Poundland gimmick is gone now and other places are cheaper to buy from," pointed out one person. "Should not be allowed to call themselves Poundland when most items are costing more," agreed another commenter. "Nothing is a quid in there anymore anyway," wrote one Facebook user. "Getting too dear in there now anyways," said another local resident. A total of 200 Poundland locations were reported to be at risk amid the company's restructuring.
