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Clarach, Aberystwyth

Wales

£495,000
Listed on 05/05/2023

Property Details

Bedrooms
4
Type
Detached house
Area
1388 sqft

Description

Nestled in the charming coastal village of Clarach, Glan Y Mor Fach presents an intriguing opportunity for both renovation enthusiasts and investors. Originally established as the Clarach Farm Tea Rooms during the Edwardian era, this property has a rich history and considerable potential for transformation. It encompasses four spacious bedrooms, each offering picturesque views that highlight the natural beauty of the surroundings. The property is further enhanced by a designated plot of land that comes with approved planning permission to construct an additional family home. This aspect not only offers a chance for multi-generational living but also makes it an attractive investment prospect in a sought-after location. Upon entering, you are welcomed by an entrance hallway leading to various well-sized rooms. The lounge impresses with its generous dimensions and features such as traditional wooden beams and a stone inglenook fireplace equipped with a log-burning stove, creating a cozy environment ideal for relaxation. The kitchen is designed in a galley style and offers ample space along with stunning rear windows showcasing both sea and hill views. Its layout allows for easy access and functionality—a blank canvas ready for modern updates or personal touches. All four bedrooms provide unique characteristics, from sea views to charming color palettes, allowing you to reimagine them according to your vision. The existing bathroom includes essential amenities but also presents an opportunity for modernization to meet contemporary standards. Glan Y Mor Fach is set amidst ample garden space, alongside the previously mentioned building plot which has already been prepared with footings in place. Additionally, outbuildings such as an outdoor toilet enhance practical functionality on the property. Situated approximately 3.2 miles from Aberystwyth's vibrant town center, residents can enjoy proximity to local amenities while relishing the tranquility of village life. With mains electricity and water connected, along with oil central heating and double-glazed windows throughout, this property combines convenience with potential. Overall, Glan Y Mor Fach stands as both a distinctive family home and an exciting renovation project that promises numerous avenues for investment in this picturesque coastal community.

Investment Analysis

(SY23 area)

Above Market Value

This property is priced +50.4% above area average per sq ft

+50.4%
This Property
£357/sq ft
Area Average
£237/sq ft
Avg Rent (weekly)
£205
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£49,500 - £123,750
10-25% of property value
Target Value
£361,928
10% above area average per sq ft
Potential ROI
-41.5%
After renovation
Monthly Sales
18
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (SY23)

Area prices are stable by +1.2% over the last 12 months
3 year growth: 0.0%
5 year growth: 23.5%
Investment Disclaimer: Analysis based on SY23 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

Clarach, Aberystwyth
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