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40 Spilman Street, Carmarthen, Carmarthenshire, SA31 1LE - Image 1
40 Spilman Street, Carmarthen, Carmarthenshire, SA31 1LE - Image 2
40 Spilman Street, Carmarthen, Carmarthenshire, SA31 1LE - Image 3
40 Spilman Street, Carmarthen, Carmarthenshire, SA31 1LE - Image 4
40 Spilman Street, Carmarthen, Carmarthenshire, SA31 1LE - Image 5
40 Spilman Street, Carmarthen, Carmarthenshire, SA31 1LE - Image 6
40 Spilman Street, Carmarthen, Carmarthenshire, SA31 1LE - Image 7

40 Spilman Street, Carmarthen, Carmarthenshire, SA31 1LE

Wales

£175,000

Listed on 01/06/2026

Property Details

Bedrooms
N/A
Type
Residential Development

Description

This prominent four-storey Grade II listed property in the heart of Carmarthen offers significant renovation potential, standing as a substantial investment opportunity for developers. With a gross internal area of approximately 744.2 Sq m (8,010 Sq ft), this building has already received planning approval for conversion into eight residential flats, providing a pathway to capitalize on the growing demand for housing in the area. Ideally located on Spilman Street, it is surrounded by key amenities including the University of Wales and various hotels, making it attractive for future tenants. Additionally, its proximity to transport links leading to Swansea and Cardiff enhances its appeal further. This freehold property will be sold with vacant possession, allowing investors immediate access to the project without existing tenancy complications.

Investment Analysis

(SA31 area)
Area Average
£207/sq ft
Avg Rent (weekly)
£195
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (SA31)

Area prices are stable by +2.0% over the last 12 months
3 year growth: +12.6%
5 year growth: +18.3%
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

40 Spilman Street, Carmarthen, Carmarthenshire, SA31 1LE
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£661
Based on a loan of £131,250 over 30 years at 4.45% 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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