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Water Street, Carmarthen SA31 - Image 1
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Water Street, Carmarthen SA31

Wales

£300,000
Listed on 11/12/2025

Property Details

Bedrooms
N/A
Type
Terraced house

Description

This property presents a unique investment opportunity in Carmarthen's vibrant nightlife scene. With approximately 400 square meters of flexible floor space, it features a spacious main bar area with a dance floor and an intimate second bar for a more exclusive experience. The galleried landing adds to the venue's distinctive character, while the vaulted ceilings and wooden floors enhance its charm. Currently configured to cater to patrons seeking both lively and quieter environments, there is potential to revert back to a larger single venue layout if desired. The first floor includes kitchen facilities and storage, along with accommodation options that may be modernized as needed. Essential amenities like a fully fitted fire alarm and CCTV system are already in place, coupled with a late license for food and drink services—making this property well-suited for continued use or further development. Additional features include bathrooms on the premises and potential for enhancing the living space located on the second floor, which requires modernization. Conveniently located just off Lammas Street, surrounded by other bars and eateries, this property offers significant scope for renovation aimed at maximizing returns in this popular town.

Investment Analysis

(SA31 area)
Area Average
£204/sq ft
Avg Rent (weekly)
£183
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (SA31)

Area prices are rising by +3.2% over the last 12 months
3 year growth: 7.2%
5 year growth: 25.0%
Investment Disclaimer: Analysis based on SA31 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

Water Street, Carmarthen SA31
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE