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Ffordd Cae Rhyg, Nefyn, Gwynedd

Wales

£250,000
Listed on 05/08/2025

Property Details

Bedrooms
7
Type
Detached
Area
1378 sqft

Description

This property presents a unique investment opportunity, consisting of two separate dwellings alongside an annex, totaling seven bedrooms in a central location in Nefyn, adjacent to a playground. The main dwelling, Wave Crest, features four bedrooms and previously included a granny annex, while the adjoining property, Daroma, offers an additional three bedrooms. These homes have been in the same family for generations, showcasing their potential for modernization or reconfiguration. The layout includes ample living spaces and kitchen areas across both floors of each dwelling. While functional, the properties show signs of age and would benefit from renovation to elevate their appeal or enhance rental potential. Notably, they feature UPVC double glazing and LPG central heating but may require updates to meet contemporary standards. Given the central location and existing residential configuration, this is a promising project for investors or buyers looking to create multi-generational living spaces or rental units. Accessed via a private driveway with public right of way considerations, further inquiries regarding planning and boundary definitions are advised for serious buyers.

Investment Analysis

(LL53 area)

Below Market Value

This property is priced -31.2% below area average per sq ft

-31.2%
Potential saving
This Property
£181/sq ft
Area Average
£264/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£399,716
10% above area average per sq ft
Potential ROI
+21.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (LL53)

Area prices are rising by +2.4% over the last 12 months
3 year growth: -15.9%
5 year growth: +5.6%
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

Ffordd Cae Rhyg, Nefyn, Gwynedd
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£885
Based on a loan of £187,500 over 30 years at 3.91% 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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