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Salem, Penrhyncoch, SY23

Wales

£100,000

Listed on 28/10/2026

The listing

Property details

Bedrooms
2
Type
End Of Terrace

Features

  • Garden
  • Parking

Description

This two-bedroom traditional cottage in Salem, on the outskirts of Penrhyncoch, is offered as a complete renovation project. The ground floor has a hallway, front sitting room with a multi-fuel stove, and bathroom. The kitchen has previously been removed, with the rear garden access area identified in the listing as a possible location for a single-storey kitchen extension. Any extension would be subject to the necessary checks and approvals. Upstairs are two bedrooms, with exposed floorboards noted in the front room. The property has mains water and electricity, although the electricity supply is currently disconnected and would need to be reconnected. The electric heating is reported not to be working. Drainage is to a shared septic tank, said to have been installed recently and shared by three properties. The adjoining property has a right of way across the side and rear. Outside, the listing describes a hardstanding driveway with parking for two cars, a lower lawn and an upper garden with a patio, hedges and trees. Salem is a rural hamlet near Penrhyncoch, which has local services, and the listing states that Aberystwyth and the Cardigan Bay coastline are around a 15-minute drive away. Freehold. Marketed by Morgan & Davies, Aberaeron.

WHOTS analysis

Our WHOTS verdict

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

47out of 100
Grade ELow opportunity

Confidence: LOW

At £100,000, this traditional stone cottage offers a clear renovation canvas, with a rural outlook, parking for two cars and an established garden with patio. The interiors are stripped and unfinished in places, the kitchen has been removed, the bathroom is dated, and the electric heating is not working, so this is a heavy project rather than a cosmetic refresh. The listing suggests the former kitchen area could suit a single-storey extension, subject to feasibility and approvals.

The overall score is 47/100 (grade E), reflecting a low opportunity rating; value against local £/sqf cannot yet be judged because the floor area is missing. The stone exterior and pitched roof appear intact in the available photographs, but the scope of the interior work and the need to resolve the heating and disconnected electricity are important to factor into the project.

Key opportunities

  • Rebuild the interior around a new kitchen in the former rear kitchen area, with the possibility of exploring a single-storey extension subject to approvals.
  • Make a cohesive home from the unfinished floors and marked surfaces, updating the distinctive turquoise-bath bathroom as part of the wider programme.
  • Build on the stone exterior, country outlook, two-car parking and established garden with patio; garden paths and lawn offer scope for improvement.

Key risks

  • Stripped, unfinished interiors, an absent kitchen and non-working electric heating make this a full interior rebuild; allow for a substantial programme rather than a cosmetic refresh.
  • The electricity supply is disconnected and the property uses a shared septic tank; confirm reconnection arrangements and the drainage setup.

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Map

Location

Salem, Penrhyncoch, SY23
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Transport

Nearest stations

  • Bow Street

    2.9 miles

    Train · Bow Street

  • Borth Rail Station

    5.1 miles

    Train · Borth

  • Aberystwyth Rail Station

    5.4 miles

    Train · Aberystwyth

  • Penhelig Rail Station

    7.9 miles

    Train · Penhelyg

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

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

£
£
£
%
%
years

Current average 2-year fixed rate is 5.13%

Current average variable rate is 6.58%

Monthly Repayments
£409
Based on a loan of £75,000 over 30 years at 5.13% 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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