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Limegrove Avenue, Carmarthen, SA31 - Image 1
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Limegrove Avenue, Carmarthen, SA31 - Image 3
Limegrove Avenue, Carmarthen, SA31 - Image 4
Limegrove Avenue, Carmarthen, SA31 - Image 5
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Limegrove Avenue, Carmarthen, SA31 - Image 9
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Limegrove Avenue, Carmarthen, SA31

Wales

£850,000
Listed on 31/12/2025

Property Details

Bedrooms
18
Type
Detached house

Description

This property represents a remarkable investment opportunity with approved planning permission for the conversion of Lime Grove House and adjoining structures into a total of nine flats, alongside the construction of five new detached homes. Situated in a residential area just half a mile from the bustling centre of Carmarthen, the approximately 1.15-acre site is anchored by the notable Grade II Listed Victorian building, which has significant potential for redevelopment. Originally built in the 1850s as a home and converted to office space in the 1970s, Lime Grove House has been vacant since 2014 and offers extensive internal space totaling around 668m2 (7,190 ft2). With planning consent allowing for residential transformation while also leaving room for alternative uses such as a boutique hotel or medical facility—subject to necessary approvals—this project could cater to various market demands. The absence of s.106 or CIL obligations simplifies the development process. Additionally, with full vacant possession and no known restrictive covenants affecting future use, this site provides an excellent blank canvas for developers looking to capitalize on its prime location and character.

Investment Analysis

(SA31 area)
Area Average
£205/sq ft
Avg Rent (weekly)
£182
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£600,000 - £900,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
55%
Properties sold annually

Local Market Trend (SA31)

Area prices are rising by +9.5% over the last 12 months
3 year growth: +10.5%
5 year growth: +25.5%
Investment Disclaimer: Analysis based on SA31 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

Limegrove Avenue, Carmarthen, SA31
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,066
Based on a loan of £637,500 over 30 years at 4.06% 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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