2 bed flat for sale

Oakwood Close, Builth Wells LD2

Situated in the highly desirable town of Builth Wells, this first-floor two-bedroom apartment offers generous accommodation, private access, and appealing potential, all within easy reach of local amenities. Builth Wells – Llanfair-ym-Muallt in Welsh – boasts a rich and fascinating history, having once been an important medieval settlement dominated by Edward i’s 13th-century castle. Today, the town is celebrated for its welcoming community, picturesque riverside walks along the River Wye, and its international profile as host of the Royal Welsh Show, one of the most significant agricultural events in the UK.

The property is approached via a private ground-floor entrance, with stairs rising to a bright first-floor landing incorporating a useful built-in storage cupboard. The accommodation comprises two well-proportioned double bedrooms, both benefiting from built-in storage, and a spacious reception room extending from front to rear, creating a versatile and comfortable living space. Additional storage above the stairwell makes efficient use of space. The kitchen and bathroom are fully functional, with the bathroom fitted with a panelled bath, low-flush WC, and pedestal wash hand basin, while the property as a whole offers scope for light modernisation to suit individual tastes.

The apartment has benefited from several notable improvements in recent years, including new PVC double-glazed windows installed in 2017, replacement gutters and soffits in 2018 (with costs shared equally between Numbers 7 and 8 Oakwood Close), and new kitchen units installed in 2020, enhancing both practicality and presentation.

Externally, the property enjoys low-maintenance outside space, ideal for those seeking convenience rather than upkeep. To the south-west of the building is a small courtyard area, designated for a drying “whirly” clothes line, while to the north-east there is a shared off-road parking area, providing valuable practicality for everyday living.

The property is offered as a freehold apartment, which includes the freehold reversion of the apartment below. The lower apartment is held on a 999-year lease commencing in 1985, subject to a nominal ground rent of £1 per annum. The lease stipulates that all maintenance costs for the building are shared equally between the two apartments, providing clarity and long-term security. This tenure structure, combined with the property’s location, accommodation, and manageable upkeep, makes it an attractive proposition for owner-occupiers and investors alike, within one of Mid Wales’ most sought-after market towns.

Due to the nature of the tenure, whereby the property is held as a freehold apartment, and noting that some mortgage lenders can be cautious when lending on freehold flats, we would strongly recommend that any purchaser requiring mortgage finance makes preliminary enquiries with their chosen lender or broker prior to arranging a viewing, to ensure the property meets their lending criteria.

The property sits just a short distance from the heart of Builth Wells, a lively market town offering an excellent range of amenities including both Primary and Secondary Schools, a cinema, leisure centre and a variety of sports clubs spanning cricket, rugby, football and golf. Builth Wells is also famed for hosting the internationally renowned Royal Welsh Show - the largest agricultural show in Europe - bringing a vibrant atmosphere to the town each year. The area is well connected, with regular bus services running between Cardiff and North Wales, and rail links available from nearby Builth Road Station on the picturesque Heart of Wales Line. Set within the stunning Wye Valley and close to the breathtaking Elan Valley at Rhayader, the town is a haven for walkers and outdoor enthusiasts. Nearby Gigrin Farm adds to the appeal, offering the unforgettable experience of watching the rare and majestic Red Kites feed daily.