3 days ago
Charming Welsh pub goes on sale for the same price as London bedsit - which would YOU choose?
A charming Welsh pub has gone up for sale for the same price as a London bedsit.
The watering hole, in the centre of a small village in Pontypool is to go up for auction for a shocking price and those living in the UK's capital might think it's a bargain compared to the steep house prices they're used to.
The recently refurbished property is located in the village of Little Mill just North of Newport and only a 40 minute drive away from the Welsh capital Cardiff.
The charming pub, sold by Savills - National Auctions, comes with its own private car park, a fully commercial kitchen and a huge beer garden.
The listing even reveals the pub comes with accommodation for the landlord with rooms above and all for just £270,000.
For the same price as a bedsit in London, buyers can enjoy three bedrooms, a bathroom and store room all above their business, with an entrance at the rear - away from prying pub regulars.
Photos from The South Wales Argus also show a ground floor containing a fully functioning pub kitchen and prep room, male and female toilets and access to a spacious beer garden with grassy banks and several picnic tables.
Earlier this month, the pub, The Little Jockey took to Facebook to sell of some of its assets including an outside bar in an Ivor Williams Horsebox which included a gin bar and a Prosecco slush puppy machine all for just £4,500 and the advert added it was all fully towable with electric and water hookup available making it 'ideal for summer festivals'.
The pub had been struggling since January when they took to Facebook to ask its customers how to keep itself afloat.
In a post they wrote: 'Hospitality is getting harder every year with rising costs it's a very fine line… we need ideas and ways to produce income.
'We don't want to close in the week to save on staff and bills we want to be able to keep our staff working and the pub thriving so we need to adapt and make things a little different.'
The pub had been beset by difficulties last year when they were unable to open for Christmas because of a flood leaving their bar and cellar unsalvageable and despite picking themselves back, the owner was unable to keep things going and put the pub up for sale at the start of the year.
While no doubt the Pontypool community were upset at their local boozer closing, potential investors may be shocked to find that for less than £300,000 investors could enjoy a home and a business in one for the same amount would only buy them a bedsit in south east London.
Rather than views over rolling hills, buyers could have a pokey balcony and instead of running their own business, they may find themselves cooped up in a flat block in Peckam.
The reception room leads out on to a small balcony overlooking neighbouring gardens rather than views over the welsh hills that the picturesque village pub provides
In the up-and-coming area, house-hunters could afford a two-bedroom, one bathroom flat 'in need of some updating' according to the Rightmove listing.
The listing says the 'generously sized split level flat' is chain free and 'situated in a quiet location in Peckham'.
Pictures show a galley kitchen with a small worktop and cupboard area, built-in oven with grey tiled floors and white walls on the first floor.
Up a set of stairs, potential buyers are greeted with two bedrooms, a small bathroom and a reception room with a balcony accessed by a PVC door.
The balcony overlooks neighbours and their gardens and the potential family home is just a 20 minute walk away from Queens Road Peckham station.
