Joppa, Llanrhystud, SY23
Wales
£150,000
Listed on 18/09/2026
Listed on 18/09/2026
The listing
Property details
Bedrooms
2Type
End Of TerraceFeatures
- Parking
Description
Morgan & Davies presents a rural former barn conversion comprising a one-bedroom cottage and a separate one-bedroom studio/workshop. The cottage has a large reception room with a kitchenette, exposed beams, roof windows and a multi-fuel stove with back boiler, together with a shower room and bedroom. The studio provides a kitchen area, lounge, bathroom and bedroom, and is separately registered for council tax. The Rayburn in the studio kitchen is not currently working.
The stone cottage is believed to have been converted in the 1960s and is described as requiring renovation. The studio dates from around 30 years ago and is of part block and timber construction. A lean-to garage/workshop and a dilapidated workshop are also on the grounds. The property has private borehole water and drainage, with mains electricity. The grounds have recently been cleared and include parking for several cars.
The property is around three miles from Llanrhystud and is within driving distance of Aberystwyth and Aberaeron. It is freehold, with separate council tax bands stated for the cottage and studio.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
44out of 100
Grade ELow opportunity
Confidence: LOW
This is a substantial rural project with an unusual starting point: a characterful stone cottage with exposed beams and a fireplace, plus a separate studio accommodation and generous grounds. The two accommodation areas offer scope to rethink and improve the interiors, while the grounds and ancillary structures could be tackled as part of a broader restoration. The asking price is £150,000, but floor area is missing, so value versus local £/sqf cannot be judged yet.
The E grade reflects limited condition scoring and important gaps in judging value and resale economics, rather than a conclusion that the price is too high. This is a heavy, multi-area programme: finishes are worn or unfinished in several rooms, the visible kitchens and wet rooms are dated, and the studio kitchen ceiling and surrounding finishes warrant inspection. Roof integrity and concealed defects also cannot be established from the images.
Key opportunities
- Retain and bring out the cottage’s exposed stonework, beams and fireplace while reworking its tired interior finishes.
- Improve the separate studio accommodation alongside the cottage, creating two refreshed living areas within the same property.
- Restore the cleared grounds and consider how the weathered ancillary structures can contribute to the overall setting and use of the property.
Key risks
- Worn and unfinished finishes across several rooms, two dated accommodation areas and visible damage around the studio kitchen make this a heavy, multi-area programme; plan for a full interior rebuild rather than a cosmetic refresh.
- Roof integrity and concealed defects cannot be judged from the images; the studio kitchen ceiling and surrounding finishes need inspection, and several ancillary structures appear weathered or dilapidated.
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Transport
Nearest stations
Aberystwyth Rail Station
9.4 miles
Train · Aberystwyth
Bow Street
11.6 miles
Train · Bow Street
Borth Rail Station
14.9 miles
Train · Borth
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£567
Based on a loan of £112,500 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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