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Gellywen, Nr Meidrim

Wales

£650,000
Listed on 20/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This approximately 68.24-acre freehold stock farm presents a unique opportunity for renovation and investment, featuring a timber-framed 3-bedroom bungalow that offers considerable potential for improvement. Set in a tranquil location, the property is privately placed and benefits from an agricultural occupancy restriction, which may appeal to those looking to establish or expand their rural enterprise. The bungalow, constructed in the 1960s, requires updating but includes some essential features such as UPVC double glazing and solid fuel central heating. The layout comprises a front entrance hallway leading into a living room with an open fire, an open-plan kitchen/dining area equipped with basic units and a Rayburn stove that provides both heat and hot water. The three bedrooms are spacious enough for reconfiguration if desired, while the bathroom is fitted with a modern three-piece suite. Surrounding the home is a substantial Atcost-type building, measuring approximately 5,846 square feet. This structure consists of an open plan area with lean-tos on either side and has primarily remained in good condition despite some storm damage to part of its roof. This could serve numerous purposes—from agricultural storage to workshop space—making it particularly appealing for stock farmers or anyone requiring extensive facilities without neighboring properties. The land consists of around 54 acres of clean, level grazing complemented by an additional 14 acres of scrub and woodland. Its convenient configuration allows easy management of livestock or potential development opportunities. Accessed via a private hardcored track from the council-maintained road, the property is easily reachable by standard vehicles. Located just north of Meidrim—a village that provides basic amenities including a primary school and public house—the property is about six miles from St Clears where more comprehensive services can be found. The proximity to the A40 dual carriageway facilitates straightforward travel to Carmarthen and beyond. Investors should note that while there are existing occupancy restrictions in place related to agricultural use, these provide opportunities for future development aimed at compatible uses within the local context. This unique blend of residential accommodation, agricultural potential, and extensive outbuildings creates an enticing prospect for those looking to invest in rural property with strong growth potential.

Investment Analysis

(SA33 area)
Area Average
£232/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (SA33)

Area prices are falling by +2.4% over the last 12 months
3 year growth: -14.9%
5 year growth: 14.8%
Investment Disclaimer: Analysis based on SA33 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

Gellywen, Nr Meidrim
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,381
Based on a loan of £487,500 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE