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Rhoshill, Cardigan

Wales

£190,000
Listed on 27/10/2024

Property Details

Bedrooms
4
Type
Terraced house
Area
1334 sqft

Description

This spacious four-bedroom property offers significant renovation and investment potential, making it an appealing opportunity for those looking to create their ideal home or capitalize on its growth prospects. Located in a rural area that remains well-connected, the property is just a ten-minute drive from the vibrant market town of Cardigan, known for its rich heritage and variety of local amenities including shops, pubs, restaurants, and recreational facilities. Upon entering, you will find an inviting entrance hall featuring original encaustic tiled flooring and access to multiple reception rooms. The layout includes a front lounge with charming alcoves beside the traditional chimney breast. Additionally, a versatile front sitting room could serve as a fifth bedroom or office space. The cozy rear sitting room is highlighted by a fireplace with slate surround, making it an ideal spot for relaxation. The dining room, enriched with original tilework and another fireplace, connects conveniently to the kitchen. There's potential here to reconfigure this space into an open-plan kitchen-diner by utilizing the front lounge area (subject to relevant permissions). The kitchen is equipped with essential appliances and features matching cabinetry; however, it presents opportunities for modernization or even conversion into a utility or sunroom, enhancing overall living space while providing easy access to the rear garden. On the first floor, the landing is spacious and bright due to a picture window at the rear. It leads to two generously sized front-facing double bedrooms that offer lovely countryside views, as well as another double bedroom at the back and a smaller room currently used as an office. The family bathroom is large but in need of updating—a perfect canvas for improvement. Externally, the property enjoys off-road parking directly in front and features steps leading up to a small paved area at the entrance. The enclosed rear courtyard garden provides additional outdoor space for leisure or entertainment and has potential for further landscaping or expansion if desired. Given its original features combined with ample scope for renovation and customization, this property not only represents a comfortable family home but also serves as an ideal investment opportunity in a desirable location close to both nature and community resources.

Investment Analysis

(SA43 area)

Below Market Value

This property is priced -40.1% below area average per sq ft

-40.1%
Potential saving
This Property
£142/sq ft
Area Average
£238/sq ft

Renovation Potential

Est. Renovation Cost
£19,000 - £47,500
10-25% of property value
Target Value
£348,801
10% above area average per sq ft
Potential ROI
+46.9%
After renovation
Monthly Sales
11
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (SA43)

Area prices are stable by +0.6% over the last 12 months
3 year growth: -4.5%
5 year growth: 30.9%
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

Rhoshill, Cardigan
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