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High Street, Blaenau Ffestiniog, Gwynedd, LL41 - Image 1
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High Street, Blaenau Ffestiniog, Gwynedd, LL41

Wales

£99,000
Listed on 03/05/2023

Property Details

Bedrooms
N/A
Type
Detached house

Description

This expansive redevelopment opportunity is situated in the heart of Blaenau Ffestiniog, a town steeped in history as the former Slate Capital of the World. Known for its rich industrial heritage and increasingly popular as a tourist destination, Blaenau Ffestiniog is also adjacent to the UK's recently designated 32nd UNESCO World Heritage Site. The property occupies a prime location along the High Street, offering excellent visibility and foot traffic, making it well-suited for a variety of commercial uses. In September 2021, planning permission was granted (App No: C21/0922/03/LL) for an ambitious project that includes the demolition of the existing structure. The proposed redevelopment encompasses a mixed-use facility that will feature a retail unit on the ground floor (measuring 55m²), two one-bedroom townhouses, a two-bedroom apartment on the first floor, and a one-bedroom maisonette—one designated as affordable housing. The development plans further include allocated parking and dedicated amenity space, enhancing both its functionality and appeal for future residents and businesses alike. This project represents an exciting chance to contribute to the revitalization of this historic town center while capitalizing on its growing popularity among visitors. Detailed plans are available for review online or upon request, providing an insightful look into this promising investment potential.

Investment Analysis

(LL41 area)
Area Average
£169/sq ft

Renovation Potential

Est. Renovation Cost
£9,900 - £24,750
10-25% of property value
Monthly Sales
7
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LL41)

Area prices are rising by +2.7% over the last 12 months
3 year growth: 7.0%
5 year growth: 27.9%
Investment Disclaimer: Analysis based on LL41 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

High Street, Blaenau Ffestiniog, Gwynedd, LL41
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