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Devils Bridge, Aberystwyth

Wales

£650,000
Listed on 07/10/2025

Property Details

Bedrooms
6
Type
Detached house
Area
2265 sqft

Description

This expansive 55-acre farm, conveniently located just a mile from the picturesque village of Devils Bridge, offers significant renovation and investment opportunities. The property includes two semi-detached homes, Ochr Rhos No 1 and Ochr Rhos No 2, which both require modernisation. Notably, Ochr Rhos No 2 has been unoccupied for approximately 50 years, presenting an opportunity for a complete refurbishment that could enhance its value and appeal. Nestled in an elevated position, the farm overlooks the scenic Cambrian Mountains and provides a tranquil setting with easy access to local amenities. The village of Devils Bridge is known for its tourist attractions, such as the Vale of Rheidol narrow gauge railway and nearby primary school and hotel. Aberystwyth is approximately 12 miles away, offering a broader range of social and educational facilities typical of a vibrant university town. The property features various outbuildings suitable for a variety of uses—whether for storage or potential conversion into additional living spaces (subject to planning permissions). These include a traditional cowshed, a three-bay general-purpose outbuilding with mezzanine floors, and a garage. The configuration of the land itself is particularly advantageous; it consists of mostly level fields at the front with sloping areas at the back, providing diverse options for agriculture or leisure activities. With private water supply and drainage already in place alongside mains electricity nearby, essential services are easily accessible. This combination of factors makes it an attractive proposition for investors looking to develop residential units or enhance agricultural operations within this idyllic setting. The surrounding area also offers picturesque landscapes ideal for outdoor pursuits like hiking and cycling, especially along the scenic routes leading through the Elan Valley toward Rhayader. As such, this property represents not just a home but a chance to invest in a lifestyle marked by peace and natural beauty while also unlocking its full potential through strategic renovations.

Investment Analysis

(SY23 area)

Above Market Value

This property is priced +19.6% above area average per sq ft

+19.6%
This Property
£287/sq ft
Area Average
£240/sq ft
Avg Rent (weekly)
£387
Avg Yield
7.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£597,586
10% above area average per sq ft
Potential ROI
-33.6%
After renovation
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

Devils Bridge, Aberystwyth
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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
£2,381
Based on a loan of £487,500 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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