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Penlan Street, Pwllheli

Wales

£165,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1443 sqft

Description

This former commercial office, originally established as a residence, presents a unique opportunity for renovation or investment in the heart of Pwllheli. With its prime location just a short walk from the High Street and local amenities, this property is well-positioned to benefit from the vibrant market and seaside atmosphere of this thriving town on the Llyn Peninsula. The property comprises three floors, offering flexibility in its layout. The ground floor features two offices and a kitchen/store room, along with access to two cellar rooms that provide additional storage or adaptation possibilities. The first floor includes a bathroom and a spacious front office that benefits from natural light via a bay window. The second floor has two further offices, making it suitable for various potential uses. Importantly, the property offers significant renovation potential, as it can be converted back to residential use subject to obtaining planning consent. This feature is appealing for those looking to invest in the growing housing market in this desirable area. Outside, a rear yard adds outdoor space and includes an outbuilding as well as a separate toilet with foot access leading to the street. Proximity to public parking facilities could enhance convenience for future occupants. With services such as mains water, electricity, gas, and drainage already connected, prospective buyers can explore various investment strategies or personal uses for this adaptable property. As it stands freehold with vacant possession upon completion, this property invites creative vision for its next chapter—whether restoring it as a family home or reimagining it within today's market demands.

Investment Analysis

(LL53 area)

Below Market Value

This property is priced -56.1% below area average per sq ft

-56.1%
Potential saving
This Property
£114/sq ft
Area Average
£261/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£413,650
10% above area average per sq ft
Potential ROI
+92.4%
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
5%
Properties sold annually

Local Market Trend (LL53)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -17.9%
5 year growth: 15.7%
Investment Disclaimer: Analysis based on LL53 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

Penlan Street, Pwllheli
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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
£604
Based on a loan of £123,750 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