Historic Welsh village goes up for sale for £1million

Buy your own village for £1MILLION: Sixteen homes in historic Welsh hamlet built for workers at 16th century slate mine is still up for sale as price is slashed by £250,000

  • Historic village originally built for slate miners in Aberllefenni, North Wales is now up for sale for £1million
  • The country village, complete with 16 homes, was first valued at £1.5million in 2016, then £1.25million in 2019
  • Estate agents say the site offers an ‘excellent investment opportunity,’ after a sale fell through in March 2020

Sixteen homes in a historic Welsh hamlet built for workers at a 16th century slate mine are up for grabs for £1million after the asking price was slashed by £250,000. 

Estate agents have been looking to sell the historic slate mining village of Aberllefenni since 2016, but uncertainty over Brexit meant a deal has never materialised.

Having originally put it up for sale for £1.5million, the asking price dropped to £1.25million in November 2019, only to lower it once more in the hope of securing deal.

Estate agent Dafydd Hardy previously said it would be ‘an excellent investment opportunity.’ 

Estate agents are asking for £1million to purchase Aberllefeni, a mining village with history that dates back to the 16th century

The village in North Wales first went on the market for £1.5million in 2016. The asking price dropped to £1.25million at the end of 2019 and has lowered once again a year later, after a deal fell through in March

The historic village was built for workers at a former slate mine dating back to the 16th Century, while the houses were owned for around 50 years by the family of John Lloyd, of Inigo Jones Slate Works

The historic village was built for workers at a former slate mine dating back to the 16th Century. 

A sale was finally set to go ahead in March this year before the offer was withdrawn.

The terraced stone-walled houses and cottages are now back on the market in Aberllefenni near Machynlleth, North Wales.

The houses were owned by the family of John Lloyd, of Inigo Jones Slate Works, when the quarry was brought back in the 1960s.

They sold the site in April 2016 and put the homes up for sale.

All of the homes remain tenanted, with Dafydd Hardy saying the village was a ‘good investment with a steady rental income’.

The quarry stopped active extraction in 2003 but finishing, crushing and dressing of slate still happens on site. Meanwhile each of the 16 homes around the village still stands 

Stone-walled terraced homes around the historic village were previously occupied by slate miners working in North Wales 

The nearby quarry was worked on an industrial basis from 1810. It expanded later that century with the construction of the Corris, Machynlleth and River Dyfi tramroad, later Corris Railway

Each stone-walled property stands in the heart of the Welsh countryside, surrounded by rolling hills and woodland 

Neighbouring Aberllefenni Slate Quarry – made up of three smaller quarries, Foel Grochan, Ceunant Ddu and Hen Gloddfa – is one of the oldest running quarries in Wales, dating from the early 16th Century.

It was worked on an industrial basis from 1810. It expanded later that century with the construction of the Corris, Machynlleth and River Dyfi tramroad, later Corris Railway.

The quarry stopped active extraction in 2003 but finishing, crushing and dressing of slate still happens on site.

Speaking last year, Mr Hardy said: ‘The main problem is the lack of confidence in the market ever since the referendum took place.

‘Don’t get me wrong, we’ve had a lot of interest and even came close to selling them a few times, but because the political goalposts keep getting moved no-one knows what’s going to to happen in the future.’

With a Brexit deal now secured, there is hope the village could finally be sold – albeit for half a million pounds less than its original value. 

All of the homes remain tenanted, with Dafydd Hardy saying the village was a ‘good investment with a steady rental income’

Slate work continues to take place nearby, while all 16 of the lush countryside homes in the village are currently tenanted

Stone steps lead up to one of the detached houses in the heart of the quiet village in the heart of the North Wales countryside 

With a Brexit deal now secured, there is hope the village could finally be sold – albeit for half a million pounds less than its original value

The village of Aberllefeni is surrounded by the rolling Dyfi Forest and Cader Idris mountain range, offering beautiful green views

Source: Read Full Article