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Richmond Terrace, Carmarthen - Image 1
Richmond Terrace, Carmarthen - Image 2
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Richmond Terrace, Carmarthen - Image 5

Richmond Terrace, Carmarthen

Wales

£185,000
Listed on 23/09/2025

Property Details

Bedrooms
4
Type
Terraced house

Description

This mid-terraced townhouse presents a valuable opportunity for renovation situated conveniently near the heart of Carmarthen. With four bedrooms and multiple reception spaces, the property offers ample living space and potential to create a modern family home or profitable investment property. The location enhances its appeal, as it is within easy walking distance of St. Catherine's Walk Shopping Precinct and various amenities in Carmarthen, making day-to-day errands convenient. Additionally, families will appreciate its proximity to Richmond Park Primary School and Glangwili General Hospital. Inside, the house retains original features that can be revitalized through thoughtful renovations. The vestibule opens into a reception hall with under-stairs storage, leading to three distinct living areas: a sitting room with a large bay window, a living room with courtyard views, and a dining room featuring charming architectural details like arched alcoves and a decorative fire surround. The kitchen, though in need of modernization, has potential for an open-concept layout which could enhance both functionality and flow. It connects to a utility room that includes plumbing for laundry appliances. Two bathrooms on the first floor also require updates but offer good-sized layouts conducive to reconfiguration. Upstairs, you'll find four bedrooms offering flexibility for use as guest rooms or office space – ideal for remote working setups or extended family living arrangements. The presence of built-in wardrobes in one bedroom maximizes storage options. Externally, the property features a gated forecourt along with a rear courtyard providing access to additional outdoor space and parking options via the rear service lane. The garage adds further utility with power supply and potential for additional storage or workshop space. This property not only stands as a blank canvas ready for personal touches but also represents an attractive investment opportunity given its location and structural possibilities. With dedicated renovation efforts, it could transform into a desirable residence or a lucrative rental in this vibrant market town.

Investment Analysis

(SA31 area)
Area Average
£204/sq ft
Avg Rent (weekly)
£183
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (SA31)

Area prices are rising by +3.2% over the last 12 months
3 year growth: 7.2%
5 year growth: 25.0%
Investment Disclaimer: Analysis based on SA31 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

Richmond Terrace, Carmarthen
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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
£678
Based on a loan of £138,750 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