54-55 Water Street, Carmarthen, Dyfed, SA31 1RH

This property presents a compelling investment opportunity, featuring two adjoining structures with approved plans for the conversion into five residential flats. The proposed layout includes two one-bedroom units, two two-bedroom units, and a three-bedroom unit, offering a mix of accommodation types that are in demand in the area. Situated near the center of Carmarthen, the location grants easy access to local amenities, schools, and public transport links, making it an attractive prospect for future tenants or buyers. The potential for further development exists as there is also a possibility to convert the property into an 11 or 12-bedroom House in Multiple Occupation (HMO), subject to obtaining the necessary planning permissions. The property is being sold freehold, which adds to its appeal for those looking to invest long-term. The current configuration allows for immediate renovation work to enhance its value, capitalizing on the growing rental market in Carmarthen. Prospective buyers should note that due diligence and independent legal advice are recommended before proceeding with an offer. With strategic renovations and thoughtful planning, this property could become a significant asset in a burgeoning rental sector.