Cefn Craig, Lloyney, Powys, £125,000
It is two miles from the hamlet of Lloyney, five from Knighton in the Welsh Borders and 20 from the rural foodie capital of Ludlow.
The problems: The owner, who bought the rundown cottage a couple of years ago, has installed a borehole to supply water to the remote location, but adding private drainage and electricity will cost a further £20,000. Now he is selling up to fund a restoration project closer to his home. Estimated building costs, to include the stone extension, are about £100,000.
The advantages: Properties with development opportunities in this area fetch a premium — especially those with planning permission — as the local planners are beginning to clamp down on residential development in such isolated spots.
Advertisement
In addition, families who have been priced out of the Cotswolds are beginning to head over the border into Wales to a bag a DIY bargain; and as such, restoration projects — particularly those with great rural views — are still selling well.
The agent reckons that Cefn Craig, once converted, should sell for anything from £250,000 to £350,000, depending on the resulting design. Agency Wales Cottage Holidays estimates it could be let from £250 to £480 a week in the summer.
Lane Fox with Balfours, 01743 353 511, www.lanefox.co.uk; Powys county council, 01938 551 000; Wales Cottage Holidays, 01686 628 200, www.wales-holidays.co.uk