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Fountain, Moylegrove, Cardigan

Wales

£625,000
Listed on 31/10/2023

Property Details

Bedrooms
4
Type
Detached house
Area
1722 sqft

Description

This property presents a distinctive opportunity in the coastal village of Molyegrove, North Pembrokeshire. Comprising a detached former farmhouse and several outbuildings, the estate spans just under half an acre. While it has seen some recent updates, including the installation of LPG central heating, there remains significant potential for further enhancement and expansion. Inside, the living spaces are characterized by traditional charm. The living room features a log burner and natural light from the front-facing window. A flexible bedroom or study space offers an inviting area with its own fireplace opening. The kitchen is spacious, equipped with essential appliances and a range of units that provide a solid foundation for culinary creativity. Adjacent to the kitchen, the utility room offers practicality with additional storage solutions. The first floor hosts three bedrooms, each benefiting from PVCu double glazing that allows for ample natural light. Two of these bedrooms enjoy partial sea views, adding to their appeal. The family bathroom is well-appointed with modern amenities, including both a corner bath and a separate shower. Externally, the property boasts mature gardens and generous parking areas within private gated grounds accessed via a shared entrance. The presence of various outbuildings adds considerable value; some may have potential for conversion into residential spaces, subject to obtaining planning permission. Among these structures are two block-built outbuildings equipped with electricity—ideal for use as workshops or additional storage. The stone barns attached to the farmhouse offer further development possibilities and are ideally suited for those looking to enhance their investment through renovation. With careful planning and vision, this property could be transformed into an attractive residence or rental opportunity in a sought-after coastal location. Overall, this is not just a home but a canvas full of potential for future enhancement in one of Pembrokeshire’s picturesque villages.

Investment Analysis

(SA43 area)

Above Market Value

This property is priced +53.0% above area average per sq ft

+53.0%
This Property
£363/sq ft
Area Average
£237/sq ft

Renovation Potential

Est. Renovation Cost
£62,500 - £156,250
10-25% of property value
Target Value
£449,399
10% above area average per sq ft
Potential ROI
-42.5%
After renovation
Monthly Sales
10
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (SA43)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -5.0%
5 year growth: 34.9%
Investment Disclaimer: Analysis based on SA43 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

Fountain, Moylegrove, Cardigan
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