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Old Highway, Colwyn Bay

Wales

£549,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1531 sqft

Description

Nestled at the end of a long private drive, this historic bungalow presents a unique renovation opportunity that can be transformed into a modern family home or an investment property. Dating back to the late 1800s, this structure showcases original brickwork with pebble dashed elevations beneath a tiled roof, hinting at its potential for restoration while retaining character. The layout suggests it may have once functioned as two separate properties, offering flexibility in design. Surrounded by mature gardens, the property boasts stunning views over Penrhyn Bay and the surrounding countryside. Additionally, there is a paddock extending along the Old Highway leading to a wooded area, providing further scope for development. Included on the grounds are two substantial cedar wood outbuildings previously utilized by the Milk Marketing Board, alongside a large corrugated Nissan hut that requires attention. This property is located in a tranquil part of town yet remains conveniently close to Conwy and Llandudno, well-serviced by both private and state educational institutions. The site’s generous landholdings and existing structures present ample opportunity for refurbishment or redevelopment to increase value significantly.

Investment Analysis

(LL28 area)

Above Market Value

This property is priced +53.4% above area average per sq ft

+53.4%
This Property
£359/sq ft
Area Average
£234/sq ft
Avg Rent (weekly)
£229
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£393,574
10% above area average per sq ft
Potential ROI
-38.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (LL28)

Area prices are rising by +3.1% over the last 12 months
3 year growth: 1.1%
5 year growth: 21.6%
Investment Disclaimer: Analysis based on LL28 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

Old Highway, Colwyn Bay
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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
£2,011
Based on a loan of £411,750 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