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Ffordd Cae Rhyg, Nefyn, Gwynedd

Wales

£250,000
Listed on 15/10/2025

Property Details

Bedrooms
7
Type
Detached house
Area
1378 sqft

Description

This property presents a unique opportunity with two separate dwellings and an annex, totaling seven bedrooms. Located centrally in Nefyn, the site offers proximity to local amenities and a playground just off Ffordd Cae Rhyg, making it ideal for families or those seeking rental potential. The main dwelling, known as Wave Crest, features four bedrooms and has historically included a granny annex, offering additional living space that could be reconfigured or renovated to fit specific needs. The layout includes an entrance hallway, a spacious kitchen diner, and multiple living areas across both levels. The ground-floor annex is equipped with its own living/dining area and kitchen, which could be perfect for independent living or as a rental unit. Daroma, the second dwelling on the property, comprises three bedrooms and provides further scope for modification. Its layout includes an entrance hallway leading to a generous living room and kitchen diner on the ground floor, with additional bedrooms above. While some areas have partial UPVC double glazing, there are opportunities for upgrades that could enhance energy efficiency. Both properties are accessible via a private driveway from Ffordd Cae Rhyg and are situated approximately 1/4 mile from the B4417. This location not only offers convenience but also positions the property favorably for future development prospects. Investors will appreciate the potential to renovate these homes to suit modern standards or convert them into multiple rental units given the high demand for housing in this area. Each dwelling has been held by the same family for generations, indicating a well-maintained history yet also presenting fresh avenues for improvement. The property includes public rights of way across the driveway, which can be considered in any future planning or development considerations. It is being sold freehold with vacant possession upon completion. Viewing is available strictly by appointment, providing interested buyers with the chance to explore its renovation potential firsthand.

Investment Analysis

(LL53 area)

Below Market Value

This property is priced -30.4% below area average per sq ft

-30.4%
Potential saving
This Property
£181/sq ft
Area Average
£261/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£395,017
10% above area average per sq ft
Potential ROI
+6.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (LL53)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -17.9%
5 year growth: 15.7%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£916
Based on a loan of £187,500 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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