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Queensway, Manor Avenue, Pwllheli

Wales

£185,000
Listed on 28/01/2024

Property Details

Bedrooms
2
Type
Detached house
Area
796 sqft

Description

This two-bedroom bungalow is situated on a desirable corner plot in a popular area just moments from the beach. The property encompasses a large plot that includes off-street parking, an outbuilding, and a spacious garden, all contributing to its significant renovation and redevelopment potential. The interior layout features well-proportioned rooms, including a dining kitchen that opens onto the garden through patio doors, making it an inviting space for indoor-outdoor living. A separate living room offers additional comfort, while the two sizable double bedrooms stretch across the breadth of the home. One bedroom is enhanced by an ensuite wet room, providing convenient private facilities. Although the utility room is currently accessed externally, there is potential to reinstate an internal doorway connecting it to the master bedroom ensuite. The detached outbuilding located within the main driveway adds further utility and could serve various purposes depending on your vision for the property. In terms of location, this bungalow benefits from easy pedestrian access via Manor Avenue as well as vehicular access from Edward Street at the rear. Being close to both the beach and golf club enhances its appeal for those who enjoy outdoor activities. Additionally, local amenities in Pwllheli are just a short walk away. Constructed with brick/block elevations under a fibre tile roof, this property offers UPVC double glazing and is equipped with oil-fired central heating. The mains drainage system contributes to its ease of maintenance. With its potential for personalizing or expanding upon existing structures, this property presents an excellent opportunity for investors or buyers looking to create their ideal home in a sought-after coastal location.

Investment Analysis

(LL53 area)

Below Market Value

This property is priced -11.9% below area average per sq ft

-11.9%
Potential saving
This Property
£232/sq ft
Area Average
£264/sq ft

Renovation Potential

Est. Renovation Cost
£18,500 - £46,250
10-25% of property value
Target Value
£231,027
10% above area average per sq ft
Potential ROI
-0.1%
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

Queensway, Manor Avenue, Pwllheli
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