Cwmsymlog, Aberystwyth
Wales
£265,000
Listed on 21/10/2026
Listed on 21/10/2026
The listing
Property details
Bedrooms
2Type
SmallholdingArea
996 sqftDescription
This detached traditional farmhouse sits in an elevated rural position above Cwmsymlog, with far-reaching views across the surrounding countryside. The freehold holding extends to approximately 21.51 acres, mainly unimproved mountain grazing and sheep walks, with a separate enclosure of pasture to the west of the track. The property is described as being in a poor state of repair and requiring total renovation.
The accommodation comprises a living and dining room with two fireplaces, exposed beams and stairs to the first floor, a small kitchen area with an old bread oven, and a utility room with a Belfast sink. Upstairs are two bedrooms and a bathroom with old fittings. An attached, more modern outbuilding is also included. The farmhouse is approached by a rough track from Cwmsymlog, and the listing advises that a 4WD vehicle is required.
Mains electricity is stated to be connected, with private water and drainage. The registered Cadw standing stone known as the Carreg Hir is located close to the homestead. Penrhyncoch is around four miles away and Aberystwyth around nine miles by road. The property is offered by private treaty, with the possibility of an auction at a later date.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
27out of 100
Grade ELow opportunity
Confidence: MEDIUM
This is a distinctive stone farmhouse in an elevated rural setting, with far-reaching views and a 21-acre smallholding offering scope to shape the house and its immediate grounds. The photographs show a substantial project: damaged ceilings with exposed structure, worn floors and wall finishes, an old bathroom, a kitchen area without modern fittings, and a damaged rear gable finish. The £65,000–£115,000 renovation range reflects the scale of work, rather than a cosmetic refresh.
The numbers are the main constraint: at £265,000, the asking price is already above the local £/sqf average, and adding the renovation midpoint puts the indicative cost well above the local benchmark for a home of this floor area. That comparison is against current local average value, not a forecast of the farmhouse’s value after renovation. Rural character and land are distinctive, but the economics make this a low-opportunity project at the stated price.
The project numbers deserve scrutiny: the asking price is only one line of the budget; adding roughly £90,000 for works pushes total exposure towards £355,000, leaving a gap of around 33% versus area norms for this sqft. Hence the weak economics component — a proxy for today's market, not post-refurbishment GDV.
Key opportunities
- Rework the traditional farmhouse into a home that makes the most of its stone character and elevated views.
- Replace the dated kitchen area and old bathroom while addressing the exposed ceiling structure, creating scope to renew the interior as a coherent project.
- Improve the rough immediate grounds and make use of the 21-acre smallholding, much of it open grazing.
Key risks
- Extensive ceiling damage, exposed joists and insulation, worn finishes, and the damaged rear gable make this a full-scale programme; the £65,000–£115,000 works range needs careful budgeting and scheduling rather than a cosmetic-refresh allowance.
- At £265,000, the asking price plus the renovation midpoint is stretched against the local average benchmark for this floor area, before fees or other purchase costs.
- The slate roof’s condition is not established, and the damaged rear gable finish needs assessment; the property also relies on private water and drainage and is approached by a rough track.
- Budget around £355,000 before you finish, with refurbishment in the region of £90,000 — roughly 33% above what comparable floor area achieves locally in current condition; post-works value sits outside our data.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,001
Based on a loan of £198,750 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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Pricing
Price history
-14.5% since listed
£265,000£45,000(-14.5%)
21/10/2026£310,000Initial listing
25/04/2026Services
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