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Ffordd Cae Rhyg, Nefyn, Gwynedd

Wales

£250,000
Listed on 05/08/2025

Property Details

Bedrooms
7
Type
Detached house
Area
1377 sqft

Description

This unique property comprises two separate dwellings along with an annex, offering a total of seven bedrooms and situated in the heart of Nefyn, adjacent to a playground on Ffordd Cae Rhyg. With its central location, this property not only provides a family-friendly environment but also presents significant potential for renovation and investment. The first dwelling, Wave Crest, is the larger of the two and includes four bedrooms — one of which is located in the annex. The floor plan illustrates a versatile layout that previously functioned as a granny flat, making it an ideal candidate for various living arrangements or rental opportunities. On the ground floor, you'll find an entrance hallway leading into combined living and bedroom spaces, along with a generous kitchen diner that offers ample room for dining and entertaining. The annex features additional living and dining areas, alongside essential utility space. Daroma, the second dwelling, adds three more bedrooms to the property mix. Its layout includes a welcoming entrance hallway that connects to a spacious living room and kitchen diner. The functional design accommodates various configurations and could be enhanced through renovations to meet modern standards while maintaining its character. Both properties are equipped with UPVC double glazing (though Daroma has partial glazing) and rely on LPG central heating systems to ensure comfort year-round. Each dwelling has its own set of amenities that could be further improved with updates or reconfigurations. A public right of way runs alongside the driveway of the property, providing access while maintaining privacy within the residential area. The setting is approximately 1/4 mile from the B4417, ensuring convenient transport links while being close to local amenities. Given their long-standing family ownership, these properties have not undergone significant renovations in recent years; thus they offer great potential for investors looking to enhance value through updates or conversions. As with any investment opportunity, prospective buyers should conduct thorough due diligence regarding planning permissions and future developments in the region. Overall, this property represents a compelling investment opportunity in a sought-after location with diverse possibilities for both personal use and rental income. Viewing is available strictly by appointment only for those interested in exploring what this property has to offer.

Investment Analysis

(LL53 area)

Below Market Value

This property is priced -31.2% below area average per sq ft

-31.2%
Potential saving
This Property
£182/sq ft
Area Average
£264/sq ft

Renovation Potential

Est. Renovation Cost
£25,000 - £62,500
10-25% of property value
Target Value
£399,654
10% above area average per sq ft
Potential ROI
+27.9%
After renovation
Monthly Sales
10
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (LL53)

Area prices are falling by +13.2% over the last 12 months
3 year growth: -19.3%
5 year growth: 13.9%
Investment Disclaimer: Analysis based on LL53 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

Ffordd Cae Rhyg, Nefyn, Gwynedd
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