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Erw Wen, Penrhos - 10ac

Wales

£599,000

Listed on 25/06/2026

Property details

Bedrooms
5
Type
Detached
Area
1959 sqft

Description

This substantial character property presents a remarkable opportunity for renovation enthusiasts and investors alike. Set within approximately 10 acres of land, the residence is ideally positioned to take advantage of distant coastal views and is enveloped by mature trees and gardens, providing an extraordinary foundation for your vision of a dream family home or tranquil country retreat. Erw Wen features five well-sized bedrooms, two reception rooms, and a dedicated dining room, ensuring ample space for family living. The property includes two sets of traditional outbuildings, offering potential for various uses such as workshops or additional storage. The surrounding land consists of three paddocks at the front and an additional paddock across the road, ideal for equestrian enthusiasts or hobby farming. Located in Penrhos, just two miles from Pwllheli and about 1 km from the southern coastline of the Ll n Peninsula, this property boasts sweeping vistas over Cardigan Bay towards St Tudwal’s Islands and Harlech. The Boduan and Eifl mountain ranges provide a stunning backdrop to the north. Internally, while it has retained much of its original charm with features like a fireplace in the principal reception room and spacious areas on both levels, Erw Wen requires extensive modernization throughout. The ground floor provides a glazed entrance porch leading into the main reception area along with a generously sized kitchen-diner that allows for entertaining family and guests. The first floor houses five bedrooms with varying views across the estate and beyond; however, upgrades to bathrooms and overall fixtures will be necessary to meet modern standards. Externally, you’ll find an appealing gravel drive leading to the house which sits opposite an expansive lawned garden with a pond. Having been held by the same family for many years, Erw Wen awaits reinvention through thoughtful renovations that could vastly enhance its functionality and aesthetic appeal. Additionally, there exists an opportunity to purchase a further 9.80 acres of adjacent land separately if desired.

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Investment analysis

(LL53 area)

Above Market Value

This property is priced +16.6% above area average per sq ft

+16.6%
This Property
£306/sq ft
Area Average
£262/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£565,123
10% above area average per sq ft
Potential ROI
-33.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (LL53)

Area prices are rising by +4.3% over the last 12 months
3 year growth: -12.5%
5 year growth: +8.7%
Investment Disclaimer: Analysis based on LL53 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

Erw Wen, Penrhos - 10ac
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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
£2,263
Based on a loan of £449,250 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.

Stamp duty calculator

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