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Glanwern SY24

Wales

£250,000
Listed on 28/03/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1517 sqft

Description

This property presents a unique opportunity for those looking to invest in a spacious detached cottage, ideally located near the picturesque Cardigan Bay coastline. Set on approximately three acres of land, the home boasts five bedrooms and multiple reception areas, promising ample space for family living or potential rental options. While the interior requires refurbishment, its original features and layout offer a blank canvas for renovation enthusiasts. The main floor comprises three reception rooms, providing flexibility for various uses whether as formal dining areas or casual family spaces. A functional kitchen and bathroom are also part of the current configuration, allowing for immediate habitation while planning updates. The property is surrounded by overgrown gardens that invite exploration and creativity, with an opportunity to transform the outdoor space into a beautiful landscaped area or even utilize portions of it for grazing animals. The existing tarmac driveway ensures convenient access to parking and turning areas while accommodating multiple vehicles. In terms of location, this property is situated just 0.3 miles from Borth's charming village and its expansive beaches. Residents can enjoy local amenities such as shops, dining establishments, and medical services within moments of their doorstep. Moreover, with nearby transport links including a railway station offering connections to Aberystwyth and beyond, this setting combines rural tranquility with convenient access to urban conveniences. Given the generous land size and proximity to popular coastal attractions, this cottage not only has great renovation potential but also promises sound investment opportunities in an increasingly sought-after area. Interested buyers should inspect the land themselves to fully appreciate its possibilities as they envision their ideal project.

Investment Analysis

(SY24 area)

Below Market Value

This property is priced -31.1% below area average per sq ft

-31.1%
Potential saving
This Property
£165/sq ft
Area Average
£239/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£399,070
10% above area average per sq ft
Potential ROI
+20.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (SY24)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -6.8%
5 year growth: 16.1%
Investment Disclaimer: Analysis based on SY24 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Glanwern SY24
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£916
Based on a loan of £187,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE