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

Wales

£850,000
Listed on 05/10/2025

Property Details

Bedrooms
18
Type
Detached house

Description

This property presents a fascinating opportunity for those looking to invest in a development project with significant potential. Set within a residential neighborhood just half a mile from the bustling market town of Carmarthen, this site spans approximately 1.15 acres and is anchored by the notable Lime Grove House, a striking Victorian structure designed in the Italianate style and recognized as a Grade II Listed Building. Originally constructed in the 1850s as a family residence, Lime Grove House transitioned to office use in the 1970s, remaining in that capacity until its last occupation in 2014. The main building offers considerable space, with a net internal area of around 668 square meters (7,190 square feet), featuring robust masonry construction and distinctive architectural elements, including prominent buff brick chimneys. Recently granted planning permission opens up various avenues for redevelopment on this site. Specifically, plans have been approved for converting the existing office space into nine apartments while also permitting the demolition of additional structures to make way for three detached houses and two bungalows. Notably, there are no s.106 or CIL obligations attached to this property, nor is it situated within a conservation area, enhancing its development flexibility. The potential of this site extends beyond residential use; future owners might consider alternative developments such as commercial spaces or community services like a boutique hotel or GP surgery—subject to obtaining appropriate consents. Interested parties can obtain a comprehensive planning pack and legal details upon request. For those keen on exploring this investment further, viewings can be arranged by appointment. The site itself can also be observed from the roadside for initial assessments. This property is available with freehold title and full vacant possession—making it an inviting prospect for developers seeking to capitalize on its prime location and versatile usage options.

Investment Analysis

(SA31 area)
Area Average
£204/sq ft
Avg Rent (weekly)
£183
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,000,000 - £1,500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (SA31)

Area prices are rising by +3.2% over the last 12 months
3 year growth: 7.2%
5 year growth: 25.0%
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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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,114
Based on a loan of £637,500 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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