This exciting development opportunity comprises a two-bedroom cottage with an enclosed yard, a detached stone building, and a substantial enclosed paddock. The site boasts an enviable location adjacent to the River Wye, with views of the Upper Wye Valley hills. The cottage features a hallway, lounge, two bedrooms, and a kitchenette area, while the stone building has a stable, blacksmith's workshop, and open-fronted barn. The paddock offers stunning views of the river, parkland, and surrounding hills. The property has planning permission for conversion to a two-storey residential dwelling, which lapsed in 2007. The site offers numerous opportunities for development, subject to gaining necessary planning permissions. Rhayader is a charming market town with a range of local facilities, and the surrounding area is known for its outdoor activities, including walking, birdwatching, and cycling. The property is a rare opportunity to purchase a large plot of land in Rhayader, and viewing is highly recommended to appreciate its potential.