Llanon, Near Aberaeron SY23
Wales
£165,000
Listed on 29/08/2026
Listed on 29/08/2026
The listing
Property details
Bedrooms
2Type
CottageArea
1241 sqftFeatures
- Garage
- Garden
- Parking
Description
A two-bedroom detached cottage/bungalow set on approximately 1.25 acres, with open views across Cardigan Bay. The accommodation includes a lounge, kitchen, two double bedrooms, shower room, dining room, sunroom and a rear porch used as a utility area. The lounge has sliding doors and a log-burning stove, while the sunroom has glazed walls and a patio door.
The property is reached by a private farm track and driveway, with parking for several vehicles. The grounds include garden areas, two paddocks and a range of outbuildings, including stables, a garage, storage space and a greenhouse. A two-bedroom static caravan with services connected is also included; the listing describes it as being in average condition.
The house is stated to require major refurbishment. Services are reported as mains water and electricity, with shared private drainage to a septic tank, and Economy 7 heating. Llanon is a short drive away, with Aberaeron and Aberystwyth also within reach. The property is freehold, and a public footpath crosses the grounds.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
71out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £165,000, this is priced well below the local average per square foot, giving a buyer an attractive entry point for a substantial renovation. The sea views over Cardigan Bay, around 1.25 acres of grounds, established trees, outbuildings and a lounge log burner give the project distinctive character and scope to create a special coastal home. The static caravan may also provide somewhere to stay during the works.
This is a full-scale project rather than a cosmetic update: interiors show worn finishes and staining in several rooms, while the grounds and some timber structures need attention. The £48,000–£85,000 renovation range signals a significant budget and programme to plan for. The score is supported by the strong purchase value and economics, though the amount of work and average location score temper the opportunity.
Key opportunities
- Use the sea-view lounge, sunroom and other existing spaces as the basis for a characterful coastal home.
- The roughly 1.25-acre grounds, established trees, stables and other outbuildings offer scope to improve the outdoor setting and make better use of the site.
- The below-local-average asking price per square foot offers an attractive acquisition point for a buyer prepared to take on the project.
Key risks
- Worn and stained finishes across several rooms, tired kitchen and wet-room fittings, and neglected grounds make this a major programme; the £48,000–£85,000 works range needs careful budgeting and scheduling rather than a cosmetic-refresh allowance.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£623
Based on a loan of £123,750 over 30 years at 4.45% interest
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