Worst House on the Street Logo
First Avenue, SY23 - Image 1
First Avenue, SY23 - Image 2
First Avenue, SY23 - Image 3
First Avenue, SY23 - Image 4
First Avenue, SY23 - Image 5
First Avenue, SY23 - Image 6
First Avenue, SY23 - Image 7
First Avenue, SY23 - Image 8
First Avenue, SY23 - Image 9
First Avenue, SY23 - Image 10
First Avenue, SY23 - Image 11

First Avenue, SY23

Wales

£179,995
Listed on 19/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This 3-bedroom semi-detached home presents a compelling opportunity for renovation, situated just under a mile from the bustling town of Aberystwyth. Previously owned by a local authority, the property is currently in need of improvement, allowing prospective buyers to personalize and enhance its features according to their vision. The residence includes partial double glazing and benefits from a gas-fired central heating system. It features both front and rear gardens, with the latter offering open views toward the National Library of Wales and glimpses of the sea in the distance. A storage shed or small workshop in the garden adds potential for further utility or development. Internally, the layout encompasses a living room with a gas wood-burning stove, a cozy sitting room, and a kitchen that includes integrated storage solutions and spaces for appliances. The first floor accommodates three bedrooms, each providing natural light through double-glazed windows. The shower room is compact but functional, showcasing an opportunity for modern updates. Located in Penparcau—a well-established village community—the property benefits from easily accessible local amenities such as shops, a medical center, and public transport links directly into Aberystwyth. The village's growth has transformed it into one of Ceredigion’s largest communities, making it an appealing choice for families. Aberystwyth itself offers a rich blend of cultural attractions and essential services, including schools and healthcare facilities. Its picturesque seafront promenade contributes to its appeal as both a residential area and an investment location. With ongoing developments in the region bolstering demand for housing, this property stands out as a promising investment opportunity for those willing to undertake renovations or enhancements to realize its full potential. Overall, this property provides not only comfortable living space but also strategic advantages due to its location and renovation prospects—ideal for those looking to create their own home or add value through thoughtful improvements.

Investment Analysis

(SY23 area)
Area Average
£240/sq ft
Avg Rent (weekly)
£387
Avg Yield
7.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

First Avenue, SY23
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£659
Based on a loan of £134,996 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE