We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · SA45 9TQ
For saleReduced £5k (−2.9%) on 19 SepListed 562 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** Impressive 2 bedroom bungalow ** Provides a 2 bed holiday cottage (10.5 month occupancy) ** Good level of income ** Currently run as a successful holiday let business ** Deceptively spacious accommodation ** Well maintained ** Rear courtyard overlooking Cardigan Bay ** Available fully furnished ** Communal garden area with outstanding views over New Quay harbour ** Ample private parking ** Set in a private development ** great business opportunity not to be missed ** The Penrhiwpisyll complex adjoins a quiet country lane on the fringes of the coastal village of New Quay along the Cardigan Bay coastline.
The village offers good local amenities and services including primary school, doctors surgery, array of local cafes, bars, restaurants, village shops and sandy beaches with access to the All Wales Coastal Path.
The Georgian harbour town of Aberaeron is some 7 miles to the north and the property lies equi-distance from the larger amenity centres of Cardigan, Aberystwyth and Lampeter.
The property benefits from mains water, electricity and drainage. Economy 7 heating.
Mobile Signal 4G data and voice General An impressive 2 bedroom holiday cottage, currently run as a successful business. Accounts are available to those with a bona fide interest.
The property is well maintained and finished to an excellent standard with the contents, fixtures and fittings being available as part of the sale.
Please note : The occupancy of the property is restricted to 10.5 months of the year (you are unable to use the property between 10th January and 8th February, but is not restricted to holiday use only).
Set within a former farmyard complex converted to a high level standard of accommodation set within communal gardens with private off road parking.
Also providing a central patio area, feature fish pond and a lower communal garden area with patio and seating area with views over New Quay harbour and bay.
The annual management charge for the maintenance of the grounds, which includes the ground rent, is £360.00 per annum. Entrance Hall 2' 9" x 10' 7" (0.84m x 3.23m) accessed via glass panelled door.
Double Bedroom 1 12' 7" x 9' 6" (3.84m x 2.90m) with multiple sockets, heater. Contents of double bedroom - double bed, oak wardrobe, 2 x bedside cabinets and lamps, curtains and pole.
Double Bedroom 2 8' 1" x 9' 7" (2.46m x 2.92m) with window to side, multiple sockets, heater. Bedroom contents include - 2 x single beds, bedside cabinet with lamp, wardrobe, curtains and pole.
Open Plan Living & Kitchen Space 14' 5" x 15' 8" (4.39m x 4.57m) open plan Lounge and dining space with feature 7'9" new sliding patio doors to enclosed rear patio area with views towards Aberaeron and Cei Bach beach.
Space for dining table and sofas. 2 x heaters. Contents include - dining table with 4 chairs, TV point, leather sofa, side table, 2 armchairs.
Kitchen Area - 10' 5" x 8' 1" (3.17m x 2.46m) with grey kitchen units with stainless steel sink and drainer with mixer tap, tiled flooring, Flavel Milano freestanding electric cooker, freestanding fridge freezer, hot water cylinder, side window, pedestal bin, tiled splashback.
Contents include - cooker, quantity of crockery and cutlery, pedestal bin.
Bathroom 8' 9" x 5' 8" (2.67m x 1.73m) with panelled bath with shower over, single wash-hand basin, heater, part tiled walls, tiled flooring, side window.
External The property enjoys gravel footpaths around the property with small front forecourt and rear enclosed garden area with decorative gravel, fencing to borders, patio area with space for external garden furniture overlooking Cei Bach beach towards Aberaeron.
Communal Grounds The grounds include a patio area laid to slab with feature pond and beyond this is a spacious lawned area with recently completed decking area with outstanding views of New Quay harbour and Cardigan Bay.
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.
Viewing Arrangments Strictly by prior appointment only. Please contact our Aberaeron Office on or All properties are available to view on our Website – . Also on our facebook Page - .
Please 'like' our facebook Page for new listings, updates, property news and ‘Chat to Us’. To keep up to date please visit our Website, Facebook and Instagram Pages
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs
.gif)
FAQ
About Cynefin, Penrhiw Pistyll Lane, New Quay
Explore nearby