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Neuaddlwyd, Aberaeron, SA48 - Image 1
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Neuaddlwyd, Aberaeron, SA48

Wales

£650,000
Listed on 06/06/2024

Property Details

Bedrooms
3
Type
Detached house

Description

This property presents a distinctive opportunity for those looking to invest in a project with significant renovation potential. Nestled on an expansive 58-acre smallholding on the edge of Aberaeron, the site offers breathtaking views overlooking the Aeron Valley and towards Cardigan Bay. The detached house currently has planning permission for residential use, providing a solid foundation for extension and modernisation efforts. The expansive grounds include approximately 9 acres of mature woodland and riverside frontage, offering both tranquility and natural beauty. This setting is ideal not only for a permanent residence but also for diversification opportunities in tourism-related development, capitalising on the picturesque surroundings. Conveniently located within the hamlet of Neuaddlwyd, this property is just a short distance from Aberaeron town centre, which boasts a variety of amenities including schools, healthcare facilities, leisure options, and local shops. The area offers good transport links; it’s approximately 20 minutes by car to both Aberystwyth and Lampeter, where additional services can be found. For commuters or those needing access to wider networks, railway connections are available at Aberystwyth, while the M4 motorway and Carmarthen are roughly 40 minutes away. Access to the property is straightforward via the A482 Lampeter road. As you approach Neuaddlwyd—passing by the Llanerchaeron National Trust estate—you’ll find the property conveniently located just beyond the hamlet's turning toward Llanarth. Additional features include a private borehole for water supply and space to establish an electricity connection, with drainage solutions likely required as part of future renovations. This freehold property represents an exciting chance for buyers ready to transform it into their dream home or explore its potential for varied development amidst serene surroundings.

Investment Analysis

(SA48 area)
Area Average
£220/sq ft

Renovation Potential

Est. Renovation Cost
£65,000 - £162,500
10-25% of property value
Monthly Sales
6
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (SA48)

Area prices are falling by +7.9% over the last 12 months
3 year growth: -5.2%
5 year growth: 28.6%
Investment Disclaimer: Analysis based on SA48 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

Neuaddlwyd, Aberaeron, SA48
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