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Iola Drive, Old Colwyn, Colwyn Bay, Conwy, LL29 - Image 1
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Iola Drive, Old Colwyn, Colwyn Bay, Conwy, LL29

Wales

£190,000
Listed on 01/05/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
1377 sqft

Description

This traditional semi-detached dormer bungalow presents a promising opportunity for renovation and investment, set in the desirable coastal village of Old Colwyn. With no onward chain, this property is perfect for those looking to create a tailored living space that meets modern standards while appreciating its classic charm. The layout includes an entrance hall leading into a spacious lounge featuring an inviting fireplace, alongside a fitted kitchen with patio doors that open to the rear garden. A versatile dining room could easily transform into an additional bedroom, while the primary bedroom comes equipped with built-in wardrobes. Ascending to the first floor reveals another bedroom, an office, and an attic room ideal for storage or further development. While already benefiting from gas central heating and double glazing throughout, the home requires some updating to unlock its full potential. The outdoor areas comprise a manageable front garden and a generous driveway leading to both a detached garage and an outbuilding. The rear garden offers ample space that could be reimagined into a beautifully landscaped retreat. This property is suitable for a variety of buyers looking to invest in a home within a friendly community that enjoys easy access to local amenities and scenic coastal leisure activities.

Investment Analysis

(LL29 area)

Below Market Value

This property is priced -33.0% below area average per sq ft

-33.0%
Potential saving
This Property
£138/sq ft
Area Average
£206/sq ft
Avg Rent (weekly)
£181
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£311,877
10% above area average per sq ft
Potential ROI
+35.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LL29)

Area prices are falling by -12.2% over the last 12 months
3 year growth: -1.7%
5 year growth: +9.7%
Investment Disclaimer: Analysis based on LL29 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

Iola Drive, Old Colwyn, Colwyn Bay, Conwy, LL29
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£678
Based on a loan of £142,500 over 30 years at 3.97% 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

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