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High Street, Blaenau Ffestiniog, Gwynedd, LL41

Wales

£99,000
Listed on 05/05/2023

Property Details

Bedrooms
N/A
Type
Detached house

Description

This significant redevelopment opportunity is situated on the bustling High Street in Blaenau Ffestiniog, a town rich in history and recognized for its slate mining heritage. Once known as the Slate Capital of the World, this area has transitioned into a vibrant community and an attractive destination for tourists, especially given its proximity to the newly designated UNESCO World Heritage Site. With planning permission approved in September 2021 (Ref: C21/0922/03/LL), the site allows for the complete demolition of the existing building and replacement with a mixed-use development. The proposed plans encompass a retail space of approximately 55m² facing the High Street, two one-bedroom townhouses, a first-floor two-bedroom apartment, and an affordable one-bedroom maisonette. The design also incorporates allocated parking and amenity areas, promising to enhance the local landscape and support community growth. Detailed plans are available upon request or online, offering potential investors a clear vision for this transformative project.

Investment Analysis

(LL41 area)
Area Average
£164/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (LL41)

Area prices are stable by +0.2% over the last 12 months
3 year growth: 0.6%
5 year growth: 21.7%
Investment Disclaimer: Analysis based on LL41 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

High Street, Blaenau Ffestiniog, Gwynedd, LL41
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£363
Based on a loan of £74,250 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