Bailey Water is a beautifully converted former stable and ancillary buildings situated in a peaceful countryside position near the villages of Rhayader and Crossgates. The property enjoys a quiet and picturesque setting with views over open farmland and a gently flowing stream, while still benefiting from excellent access via the A44. The property offers a comfortable layout of three bedrooms, a well-equipped kitchen, and a characterful sitting room with wood-burning stove. The property also features a private stream-fed water supply, septic tank, and fibre broadband. The property has off-road parking for up to three vehicles and a paddock of approximately three-quarters of an acre, which is suitable for ponies, poultry, or a dog exercise field. The surrounding area offers a range of amenities, including shops, cafes, and medical services, and is close to the stunning Elan Valley and the coastal town of Aberystwyth.