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High Street, Pwllheli, Gwynedd, LL53 - Image 1

High Street, Pwllheli, Gwynedd, LL53

Wales

£129,995
Listed on 22/09/2024

Property Details

Bedrooms
N/A
Type
Terraced house

Description

This versatile commercial unit, situated in the heart of a vibrant market town, offers a unique opportunity for renovation and investment. The property spans three floors and is located in Pwllheli, an area experiencing noteworthy redevelopment and economic growth, making it an attractive location for both businesses and residential living. The expansive ground floor shop measures approximately 85 feet, providing a significant space that can accommodate various retail or commercial ventures. It includes a kitchen/staff room at the front, separate WC facilities, and two spacious storage rooms that can support inventory needs or additional operational functions. The upper levels present compelling potential for transformation. With appropriate planning permissions, these areas could be converted into living accommodations, allowing for the possibility of residing above the business or developing a separate rental unit. This flexibility enhances the property's appeal as both a commercial investment and a potential residential income source. Given Pwllheli's ongoing investment initiatives and its mix of boutique shops and dining options nearby, this property stands out as an excellent candidate for those looking to capitalize on the area's growth. Whether you're considering starting a new business or expanding your portfolio with residential elements, this location provides a solid foundation for future development.

Investment Analysis

(LL53 area)
Area Average
£261/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
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

High Street, Pwllheli, Gwynedd, LL53
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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
£476
Based on a loan of £97,496 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