Hopes for serious buyer as price slashed on entire 16-property village
An entire village is on sale for the price of a London flat and the estate agent hopes it will sell this year after slashing the price.
The picturesque village features 16 homes and cottages, and acres of agricultural land in Aberllefenni, near Machynlleth, mid-Wales were first put up for sale for £1.5 million in 2016.
There are has been plenty of interest but none that has led to a certified sale, despite the price having gone down by £350,000.
At £1,150,000, it is around the same price as a two-bedroom flat in Knightsbridge.
But Dafydd Hardy – whose estate agency has been behind trying to find a new buyer – is determined that 2021 will be the year his unique offering is snatched up.
He told the Mirror: “In general we’ve had a lot of interest in the village and these houses that we’re selling, mainly from people who want to buy it as an investment.
“The majority want to keep it as it is with the tenants in it and just to improve the properties.”
He says that four or five buyers have shown a serious level of interest.
“We nearly got it over the line last November last year but there were some legal complications, which are not insurmountable, they can be sorted.
“Since then we’ve had two or three serious people and we’re doing the due diligence on them now, just to see where we’re at.”
Previously Mr Hardy said money has never been a sticking point in Aberllefeni getting snapped up.
He said.: “It’s the complex nature of the package that’s on offer that causes all the hold-ups, but there’s only one way to progress with something of this nature and that’s slowly.”
All the properties are currently tenanted. They had previously been used to house workers from the nearby slate quarry, which has been in operation since the 1600s, and were owned by the family of John Lloyd, managing director of Caernarfon firm Inigo Jones & Co Ltd, which acquired the site in the 1960s.
The firm sold the quarry in April 2016 and put the homes up for sale after a few months.
He told the Mirror: “There was a friend of mine who asked us to take on the instruction and we were delighted to do so, because we’re local to the area, so we understand the area and its people.”
Some prospective buyers hadn’t taken the offer entirely seriously.
“You do get them don’t you?”
“One of the benefits of Covid is it’s allowed us to be really specific and look in more detail at people who are interested in it.”
“We can cut out those people who are just time wasters basically, as oppose to people who have got serious intent.
He believes that the number of inquiries he’s had in the last few months are a sign that his luck is about to change.
He said “It’s early days, but let’s just say I’m quietly confident 2021 will be the year Aberllefenni finally sells.
“But I really can’t divulge anymore than that at the moment.”
He describes the place as “an excellent investment opportunity”.