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Llanafan , Aberystwyth, SY23 - Image 1
Llanafan , Aberystwyth, SY23 - Image 2
Llanafan , Aberystwyth, SY23 - Image 3
Llanafan , Aberystwyth, SY23 - Image 4
Llanafan , Aberystwyth, SY23 - Image 5
Llanafan , Aberystwyth, SY23 - Image 6
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Llanafan , Aberystwyth, SY23

Wales

£75,000
Listed on 24/11/2023

Property Details

Bedrooms
N/A
Type
Detached house

Description

This 0.5-acre plot situated in the heart of Llanafan village presents significant investment potential. It is adjacent to newly built semi-detached homes, suggesting strong development prospects (subject to necessary planning permissions). The gently sloping land is well-fenced and offers independent vehicular access from an adjoining county road, enhancing its usability for various projects. Although the property lacks direct services, mains water and electricity are believed to be available nearby. This land could serve as an excellent extension for an existing garden, a pony paddock, or even cater to tourism-related opportunities given its scenic countryside views and proximity to local amenities. Ideal for those looking to capitalize on rural living while being just a short drive from Aberystwyth's coastal charm, this parcel offers a unique chance for future growth.

Investment Analysis

(SY23 area)
Area Average
£240/sq ft
Avg Rent (weekly)
£387
Avg Yield
7.6%

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
22
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (SY23)

Area prices are falling by +8.0% over the last 12 months
3 year growth: -6.6%
5 year growth: 13.9%
Investment Disclaimer: Analysis based on SY23 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

Llanafan , Aberystwyth, SY23
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£275
Based on a loan of £56,250 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