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Mydroilyn, Lampeter, SA48 - Image 1
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Mydroilyn, Lampeter, SA48

Wales

£425,000

Listed on 31/08/2026

The listing

Property details

Bedrooms
3
Type
Smallholding

Description

This traditional smallholding spans approximately 13.49 acres and features a 3/4 bedroom home that requires modernisation. Nestled in a peaceful and private setting, the property includes a range of useful outbuildings and offers good road frontage. Previously utilized for part commercial quarrying, this site presents great diversification potential. The low-lying fields are ideal for grazing and cropping, making it a potential gem along the Cardigan Bay coastline that truly needs to be viewed to be appreciated. Located on the fringes of Llanarth and Mydroilyn, the property benefits from an active community with a hall, places of worship, and a public house. Nearby, Llanarth provides essential amenities such as a primary school, village shop, and petrol station. The Georgian harbour town of Aberaeron is less than a 10-minute drive away, offering a wider range of amenities including schools, a leisure centre, and various local cafes and restaurants. The picturesque fishing village of New Quay, known for its sandy beaches, is also just a short drive away. The university town of Aberystwyth and larger market centres like Cardigan and Lampeter are within a 30-minute reach. The property is connected to mains water and electricity with private drainage to a septic tank. It features Economy 7 electric heating and BT telecom with broadband availability. The dwelling is equipped with uPVC double glazing, ensuring comfort throughout. The accommodation comprises a spacious kitchen/dining room, living room with a feature stone fireplace, and several bedrooms that offer multiple sockets and electric heating. Externally, the property includes ample parking space for 3+ vehicles and access to the adjoining garden and land. There are various outbuildings providing storage and potential for additional accommodation (subject to consent). The enclosed parcel of land is divided into seven large enclosures, with at least three suitable for cropping and grazing purposes. However, some areas are currently overgrown and would benefit from attention. Notably, there is evidence of invasive species present on the site that will require management.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

40out of 100
Grade ELow opportunity

Confidence: LOW

This traditional detached house offers a substantial 13.49-acre smallholding, presenting a unique opportunity for someone willing to invest in a significant refurbishment project. While the asking price of £425,000 appears high compared to the local average of £331,443, the large land area and potential for outbuildings add an interesting layer of value. The interiors, however, are dated, with general wear visible throughout the living spaces, including the kitchen and bathroom, which will need extensive updating.

Given the heavy renovation scale, potential buyers should be prepared for a budget of £100,000–£200,000 to bring the property up to modern standards. The full-gut project will allow for reimagining the layout and character of the home, maximising the land's potential for both residential and commercial use, particularly given its previous use in quarrying. Despite the project's challenges, this property holds promise for those looking to create a unique retreat along the Cardigan Bay coastline.

Key opportunities

  • Large land area provides possibilities for outbuildings and agricultural use.
  • Opportunity to modernise and reconfigure the living spaces, enhancing character and functionality.
  • Potential for diversification into commercial activities given the property's history.

Key risks

  • Stripped interiors and a £100,000–£200,000 works budget make this a full-gut programme, not a refresh.

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Map

Location

Mydroilyn, Lampeter, SA48
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Finance

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Illustrative repayments based on the asking price, not a mortgage offer.

£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,606
Based on a loan of £318,750 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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