3-bedroom house · SA48 7BG
Opportunity summary
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About
*** Prominent Town Centre location *** Stone and Slate traditional town property *** Former Mens institute *** Snooker Club *** Self-contained flat *** 3 storied premises with a cellar *** Within level walking distance to all amenities in Lampeter *** Gas fired central heating throughout *** *** 3 bedroomed flat *** Further residential conversion (subject to planning consent) *** Large garden to rear of the property with vehicular and pedestrian access from shared right of way *** Garage *** in need of refurbishment *** *** 20 miles North from the large market town of Carmarthen *** We are informed by the current Vendors that the property benefits from mains water, mains electricity, mains drainage, mains gas, gas fired central heating, telephone subject to B.T.
transfer regulations, Broadband available. Location Lampeter is a thriving University Town located in the heart of the Teifi Valley, just 12 miles inland from the Cardigan Bay Coastline.
The larger County Town of Carmarthen is 22 miles to the South.
General Description A central terraced Men’s Institution premises which now requires complete refurbishment and renovation and utilised over many years as a Club and dating back to the early 19th Century.
The property itself is built of stone and slate and arranged over 3 stories plus lower ground floor cellarage. It has the benefit of gas fired central heating and is double glazed in the main.
The property benefits from having a large garden to the rear with vehicular and pedestrian access from shared right of way and detached redundant garage.
The accommodation as follows: Entrance Lobby Access from the front of the property with an electronic key. Snooker Room 31' 4" x 25' 1" (9.55m x 7.65m) with suspended ceiling.
Bay window to the front of the property. Gents Toilets With a urinal and a separate cubicle with W.C and wash hand basin. UPVC rear access door leaving to the garden.
Rear Office 15' 1" x 12' 1" (4.60m x 3.68m) With access to the rear hall way.
Rear Hall With a solid staircase leading to the first floor and a UPVC rear access door leading to the garden.
Kitchen 11' 1" x 10' 0" (3.38m x 3.05m) With floor and wall units and a worktop over. Single sink unit with a drainer unit. Pantry cupboard off access to loft.
Living Room 14' 0" x 11' 8" (4.27m x 3.56m) with radiator and window overlooking the rear garden.
Separate first floor accommodation above the front of the premises Access via staircase from the rear hallway. Landing with a built in cupboard.
Games Room/Meeting Room and Public Area 22' 4" x 31' 3" (6.81m x 9.53m) Divided into 2 separate interconnecting rooms.
Bay window to fore Bedroom 1 16' 9" x 12' 9" (5.11m x 3.89m) With radiator. Bedroom 2 15' 1" x 11' 4" (4.60m x 3.45m) With Radiator.
Bedroom 3 15' 0" x 10' 8" (4.57m x 3.25m) With Radiator.
Shower Room 12' 7" x 5' 1" (3.84m x 1.55m) A three piece suite incorporating a shower cubicle, pedestal wash hand basin and a low level flush W.C.
Rear access door with external steel staircase leading to the garden. Cellar 19' 8" x 13' 7" (5.99m x 4.14m) overall accessed via understairs entry. Mains gas boiler running domestic systems.
Garden The property benefits from having a large garden to the rear with it being a split level. Rear access from a shared right of way. Garage In need of some attention.
Agents Comments The property offers a great opportunity for prospective purchasers of acquiring a middle of town property with a vast amount of opportunity for further residential conversion (subject to planning consent).
Tenure and Possession We are informed that the property is of Freehold Tenure and will be vacant on Completion.
Council Tax The property is listed under the Local Authority of Ceredigion County Council.
Council Tax Band for the property: 'B' Money Laundering Regulations The successful Purchaser will be required to produce adequate identification to prove their identity within the terms of the Money Laundering Regulations.
Appropriate examples include Passport/Photo Driving Licence and a recent Utility Bill. Proof of funds will also be required or mortgage in principle papers if a mortgage is required.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About High Street, Lampeter, SA48
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