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Cefn Y Traeth, Pwllheli LL53

Wales

£90,000
Listed on 13/06/2023

Property Details

Bedrooms
N/A
Type
Detached house

Description

This detached property, originally established in the 1800s as a Sunday School for Penmount Chapel, is located in the heart of Pwllheli and presents a unique opportunity for renovation or redevelopment. Having most recently served as a workshop and builder’s store, the building is accessible via a single track off Sand Street and is positioned on a plot that allows for various potential uses, subject to obtaining the necessary planning permissions. The main structure spans 11 meters by 7.3 meters, offering ample space for creative transformation. Additionally, there is a rear store room measuring 6.9 meters by 6.1 meters that could be adapted to enhance functionality or create additional commercial space. The front of the property includes off-street parking, which adds convenience for potential future tenants or customers. With mains electricity already connected and a freehold tenure, this property stands out as an appealing investment opportunity in an area known for its community spirit and local amenities. Its location provides easy access to Pwllheli's vibrant town center and surrounding attractions, making it an ideal candidate for those looking to capitalize on the growing demand for renovated commercial spaces in this region.

Investment Analysis

(LL53 area)
Area Average
£264/sq ft

Renovation Potential

Est. Renovation Cost
£9,000 - £22,500
10-25% of property value
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

Cefn Y Traeth, Pwllheli LL53
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