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Old Highway, Colwyn Bay

Wales

£549,000
Listed on 02/03/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1410 sqft

Description

Nestled at the end of a long private drive off the Old Highway, this three-bedroom bungalow presents a unique opportunity for renovation and investment. Originating in the late 1800s, the property exhibits traditional brick construction with pebble-dashed elevations underneath a sturdy tiled roof. Its original layout suggests that it may have functioned as two separate residences, adding to its potential for reconfiguration into a multi-family dwelling or an expansive single-family home. The interior includes well-proportioned living spaces, featuring a reception hall that opens into multiple lounges, one of which boasts a remarkable natural stone inglenook fireplace and patio doors leading out to the garden. A kitchen/breakfast room offers pleasant views and is equipped with essential amenities, including a solid fuel stove. From three good-sized bedrooms, one can easily create additional living space by utilizing the study, which could serve as an occasional bedroom or office. The property sits on approximately an acre of land, encompassing extensive gardens and a paddock that extends toward a wooded area along the Old Highway. This outdoor space not only enhances privacy but provides opportunities for landscaping or even agricultural use. Additionally, there are two large cedar wood outbuildings on-site—a testament to its historic functionality—and a sizable garage that further supports various potential uses. Located in close proximity to both Conwy and Llandudno, residents enjoy easy access to local amenities while benefiting from a serene setting. The area also boasts several educational options, including both private and state schools such as Rydal Penrhos and St Davids in Llandudno. With its combination of historical charm and substantial grounds ripe for development or enhancement, this property holds significant renovation potential for those looking to invest in real estate in this desirable location.

Investment Analysis

(LL28 area)

Above Market Value

This property is priced +66.6% above area average per sq ft

+66.6%
This Property
£389/sq ft
Area Average
£234/sq ft
Avg Rent (weekly)
£229
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£362,469
10% above area average per sq ft
Potential ROI
-42.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (LL28)

Area prices are rising by +3.1% over the last 12 months
3 year growth: 1.1%
5 year growth: 21.6%
Investment Disclaimer: Analysis based on LL28 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Old Highway, Colwyn Bay
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,011
Based on a loan of £411,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE