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24 Water Street, Pembroke Dock, Dyfed - Image 1
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24 Water Street, Pembroke Dock, Dyfed

Wales

£170,000

Listed on 10/10/2026

The listing

Property details

Bedrooms
6
Type
Terraced
Area
2056 sqft

Description

This investment opportunity features four self-contained one-bedroom apartments located in Pembroke Dock, presenting a unique chance for both investors and developers. The property is in need of substantial refurbishment throughout, offering excellent potential to create individual residential units within one freehold title. Each apartment includes a separate bedroom, lounge, kitchen, and bathroom or shower room, with generous living spaces enhanced by large windows that allow for ample natural light. The property requires a comprehensive renovation program, with several rooms stripped back and in need of significant works. This situation provides prospective buyers the opportunity to upgrade the apartments to their own specifications, establishing a consistent standard across the building. The freehold arrangement makes this an appealing proposition for those considering a multi-unit residential investment. Situated conveniently in Pembroke Dock, the property is close to various local amenities, including supermarkets, shops, and cafes. The nearby waterfront and marina add to the area's charm, while Pembroke offers additional amenities and its historic castle. Transport connections are also favorable, with Pembroke Dock railway station providing services to Tenby and Carmarthen, along with local bus routes connecting to surrounding areas. The A477 road offers easy access to Haverfordwest and Carmarthen. This property is surrounded by some of Pembrokeshire's most scenic landscapes, including the Cleddau waterway and local parks, making it an attractive location for walking and outdoor activities. Buyers should verify existing planning positions and other regulatory requirements prior to proceeding.

WHOTS analysis

Our WHOTS verdict

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

60out of 100
Grade CPotential opportunity

Confidence: LOW

This substantial terraced house in Pembroke Dock offers a unique investment opportunity with its arrangement of four self-contained one-bedroom apartments. The asking price of £170,000 comes in significantly below the local average at £83/sqf, making this a compelling option for those looking to acquire a property with considerable potential for value creation. The location is a highlight, with easy access to local amenities, transport links, and the waterfront, which adds to its appeal for both investors and developers.

However, the property does require substantial refurbishment throughout, with dated interiors and several rooms stripped back to their core. This presents a blank canvas for buyers looking to modernise and improve the space, allowing for the creation of four individual residential units tailored to contemporary standards. While the scale of the project is considerable, the opportunity to enhance the layout and character of the apartments is significant. Cash buyers may be best suited for this project, given the extensive works required and the need to satisfy themselves regarding planning permissions and regulations.

Key opportunities

  • Potential to refurbish and modernise four self-contained apartments to a consistent standard, enhancing appeal and rental value.
  • Generously proportioned living spaces with large windows allowing for good natural light, which can be transformed into attractive living areas.
  • The freehold arrangement provides an interesting multi-unit investment proposition for those looking to enter the rental market.

Key risks

  • Stripped interiors and a comprehensive works budget make this a full-gut programme, not a refresh.
  • Significant refurbishment needed throughout the property, including kitchens and bathrooms, which vary in condition.
  • Unknown planning permissions may affect the intended use and renovation scope for the apartments.

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Map

Location

24 Water Street, Pembroke Dock, Dyfed
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Finance

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

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£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£642
Based on a loan of £127,500 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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