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Penygroes, Llanelli, SA14 7PH - Image 1

Penygroes, Llanelli, SA14 7PH

Wales

£95,000
Listed on 23/08/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique opportunity for renovation or redevelopment with its previously granted outline planning permission for a single dwelling, which is currently lapsed (planning reference E/40598). Nestled on a private road in the village of Penygroes, the site offers tranquil surroundings and picturesque views that could enhance any new construction. The village itself provides essential amenities while larger retail options are conveniently accessible at the nearby Cross Hands business park. This location benefits from excellent connectivity to the M4 motorway and surrounding link roads via the Cross Hands roundabout, making it an appealing choice for those commuting or seeking access to broader regional facilities. Investment potential is evident not only in the existing planning permission but also in the area's growth prospects, given its proximity to Ammanford town centre, which hosts a range of shopping and leisure activities. With some vision and effort, this property could be transformed into a desirable residential space that aligns with local demand.

Investment Analysis

(SA14 area)
Area Average
£199/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (SA14)

Area prices are stable by +2.0% over the last 12 months
3 year growth: 5.7%
5 year growth: 24.7%
Investment Disclaimer: Analysis based on SA14 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

Penygroes, Llanelli, SA14 7PH
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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
£348
Based on a loan of £71,250 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