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Old Highway, Colwyn Bay

Wales

£549,000
Listed on 01/03/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1410 sqft

Description

Nestled along a private drive off the Old Highway, this three-bedroom bungalow presents an intriguing opportunity for renovation and investment. Built in the late 1800s with brick and pebble-dash exteriors beneath a tiled roof, the property’s layout suggests it may have originally functioned as two separate dwellings. This unique configuration opens up possibilities for reimagining the space. Surrounded by established gardens, the home offers picturesque views of Penrhyn Bay and the distant hills, creating a serene backdrop. Additionally, there is a paddock extending alongside the Old Highway, which leads to a wooded area. The land provides ample outdoor space, ideal for various uses or further development possibilities. The property's interior features include a welcoming reception hall leading to multiple living spaces. The lounge is highlighted by an impressive natural stone inglenook fireplace and double-glazed patio doors that grant access to the rear gardens. A second lounge also features double glazing and an open coal fireplace, adding character to the home. The kitchen breakfast room is functional with views of the surrounding landscape and includes solid fuel heating options. The accommodation comprises three well-sized bedrooms—two with built-in storage solutions—as well as a flexible study space that could serve as an occasional guest room. For those interested in additional storage or workspace, there are two substantial cedar wood outbuildings on site as well as an Asbestos corrugated Nissan hut located in the paddock. Previously utilized by the Milk Marketing Board, these structures could be repurposed for various uses or expanded upon. Despite its tranquility, this property is conveniently located just a short distance from both Conwy and Llandudno, offering easy access to local amenities and schools—both private and state-funded—such as Rydal Penrhos and St David's in Llandudno. This bungalow stands on approximately one acre of land, presenting significant potential for those looking to invest in renovation or development projects while enjoying a peaceful yet accessible location.

Investment Analysis

(LL28 area)

Above Market Value

This property is priced +63.1% above area average per sq ft

+63.1%
This Property
£389/sq ft
Area Average
£239/sq ft

Renovation Potential

Est. Renovation Cost
£54,900 - £137,250
10-25% of property value
Target Value
£370,224
10% above area average per sq ft
Potential ROI
-46.1%
After renovation
Monthly Sales
15
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LL28)

Area prices are rising by +2.9% over the last 12 months
3 year growth: 4.0%
5 year growth: 19.4%
Investment Disclaimer: Analysis based on LL28 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

Old Highway, Colwyn Bay
Map showing location of Old Highway, Colwyn Bay
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