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Carmarthenshire - Substantial Pub & Restaurant

Wales

£225,000

Listed on 01/01/2023

Property Details

Bedrooms
N/A
Type
House

Description

This substantial property, prominently located along the A476 in the village of Carmel, presents an excellent opportunity for investors and renovators alike. Previously known as the Temple Bar Inn, it boasts a robust construction primarily of stone and brick, with rendered and colourwashed elevations beneath a pitched slate tiled roof. The premises features well-planned trading areas that include a two-section public bar with a games area, alongside an expansive lounge bar/restaurant/function room that can accommodate up to 100 guests buffet-style. This versatility allows for various reimagining possibilities, whether maintaining its pub function or transforming it into a unique dining establishment. The property's three-bedroom owner's accommodation is well-appointed, providing comfortable living quarters above the business space. Additionally, outdoor amenities include a sizable private garden and a hardcore car park capable of housing around 22 vehicles—elements that could be utilized to enhance trade or develop further. Notably, outline planning permission has been previously sought for residential development on-site, indicating the area's potential for conversion into five dwellings. This approval highlights the investment allure of the property; new owners have ample scope to revive operations and optimize profits from this spacious site. The surrounding village offers easy access to nearby towns such as Cross Hands and Llandeilo, making it an attractive spot for both local patrons and passersby. With the right vision and renovations, this property holds significant potential for generating future returns.

Investment Analysis

(SA14 area)
Area Average
£206/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (SA14)

Area prices are rising by +4.3% over the last 12 months
3 year growth: +6.9%
5 year growth: +21.7%
Investment Disclaimer: Analysis based on SA14 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

Carmarthenshire - Substantial Pub & Restaurant
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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
£850
Based on a loan of £168,750 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.

Stamp Duty Calculator

Price History

-9.6% since listed
£225,000£10,000(-4.3%)
24/08/2024
Current price
£235,000£14,000(-5.6%)
24/05/2024
£249,000Initial listing
31/12/2022

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