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Water Street, Carmarthen, SA31

Wales

£300,000
Listed on 07/11/2025

Property Details

Bedrooms
N/A
Type
Semi-detached house

Description

This property presents a unique opportunity in the heart of Carmarthen, combining a vibrant nightlife venue with significant potential for renovation and investment. Currently operating as a popular bar, it features a spacious main area with an adjoining dance floor, providing ample space for social gatherings. The charm of the venue is accentuated by its galleried landing and vaulted ceilings, which create a distinctive atmosphere. The layout includes a secondary bar area designed for more intimate experiences, allowing for flexibility in usage. With approximately 400 square meters of usable space, there’s substantial potential to reconfigure the internal design to suit various concepts or to revert to its original larger setup if desired. Additional amenities include a kitchen and storage room on the first floor, along with some accommodation options that could be modernized for increased functionality or rental income. The property also boasts essential safety features, such as a fully fitted fire alarm and a comprehensive CCTV system, alongside late licensing for food and drink service. Situated just off Lammas Street on Water Street, this location benefits from proximity to other restaurants, bars, and nightlife venues—including the nearby Savannas nightclub—making it an appealing destination for locals and visitors alike. The town offers diverse commercial and residential properties as well as cultural attractions such as cinemas and eateries within walking distance. The property includes two sets of toilets (his/hers and mixed) to cater to patrons effectively. A separate entrance leads into additional seating areas capable of accommodating groups comfortably. Floors above the main level feature further potential with an existing two-bedroom flat that requires modernization; this could significantly enhance its value through renovation. Externally, there are provisions for storage and refuse management alongside emergency access points. On the services front, the property is connected to mains water, electricity, drainage, and gas central heating—ensuring functional consistency. As an investment opportunity in Carmarthen's burgeoning marketplace—underscored by its freehold tenure—the property stands ready for someone with vision to tap into its full potential while contributing positively to the local community atmosphere.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
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

Water Street, Carmarthen, SA31
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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
£1,099
Based on a loan of £225,000 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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