You can purchase the entire village of Aberllefenni in Wales for the same amount as a London apartment with two bedrooms. The village of Machynlleth in North Wales is home to 16 homes, cottages, and dozens of acres worth of agricultural land. Although it has been on the market since 2004, estate agents insist that 2021 will be the year it is finally sold.
The picturesque village in rural South Africa has been on the market since June 2016 at PS1.5million. However, there has not been a sale. Even lower in price, the price tag is now PS350,000. This makes it comparable to what you would pay for a Knightsbridge apartment with two beds, as WalesOnline reports.
The properties are currently rented. They were previously home to workers from the nearby slate quarry.
Estate agent Dafydd Harty stated that the most recent sale attempt failed in November. He claimed that the “complexity of the package” was responsible for the majority hold-ups. He said, “There is only one way to move with this kind of nature. That’s slow.”
M. Hardy stated that despite the slowing market and limiting viewings due to the coronavirus pandemic, there has been interest from a lot of people in the past year. He explained that “Actually, those Covid-19 restrictions can be a positive thing because they tend to make people want as much information about a property as possible before they commit to viewing it.”
After four years of searching for a buyer, a whole village in Wales is now up for sale.
After a withdrawal of an offer for 16 cottages in Aberllefenni, a quarry village in Gwynedd, the property is now back on the market The Aberllefenni homes and cottages, located between Machynlleth & Dolgellau were initially put on the market by Dafydd Harty in August 2016. They cost PS1.5m.
The village’s history is tied to the slate mine with the same name. Quarrying began in the 16th century.
John Lloyd of Inigo Jones Slate Works owns the properties up for sale. He bought them together with the Aberllefenni Quarry in the 1960s. The quarry was sold in April 2016 and the homes were placed on the market soon after. It attracted a lot of attention, but the village was not able to attract a buyer. The price was reduced to PS1.25m.