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See how verdicts work4-bedroom detached house · LL53 7AS
Listing removedListed 1006 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An iconic harbour side property and arguably one of the most photographed and instantly recognised properties in this highly acclaimed seaside village with unsurpassed harbour/sea views.
( main photograph kindly provided by Martin Turtle photography ) This is the first time ever that Compass Cottage has come onto the open market, having been in the same family ownership since the early 1950’s.
The property is one of the oldest stone built properties in Abersoch, formerly a fisherman’s cottage in the heart of the picturesque Inner Harbour and within a few hundred yards to all the amenities of the village.
The property has a two storey extension which was constructed in1964 and in recent years the internal accommodation has been tastefully upgraded and beautifully re decorated and is now immaculately presented with deceptively spacious centrally heated 4 bedroom accommodation.
Over the past 8 years the house has been an extremely successful holiday let with many customers returning each year. The average gross income per annum between April 2019 to April 2022 is £35,000 .
The present layout provides an entrance hall, a feature living room, kitchen, dining room, secondary kitchen/ utility room and two bedrooms with a shower room.
To the first floor lies the large master bedroom and an en suite bathroom and a further double bedroom.
The main living room is to the heart of the home with wide dual aspect picture windows directly overlooking the Harbour and beyond towards Llanbedrog Headland and the clear waters of Cardigan Bay with Snowdon in the background.
The accommodation is configured to allow it to be sub divided into two separate living units, if this is required.
This is a tidal Harbour and at high tide there is a hive of activity on the water with boats being launched just below the cottage and at low tide you can paddle across the river onto the sandy beach opposite.
Externally there is a delightful and very sunny raised terrace with infinity glass balustrade leading off both the living room and dining room with steps leading down to a paved rear garden and a useful dry basement for storage purposes.
A gate onto a newly formed concrete slipway for boat launching and private parking for numerous vehicles. A smaller paved terrace overlooking the beach and sea.
A truly remarkable home in a unique unrivalled position. Note : In accordance with the 1979 Estate Agents Act, the joint owner is an employee of Beresford Adams.
Tenure: Freehold Some of the external photographs have been provided by kind permission of Turtle photography and Totally Abersoch.
Article 4 direction – This stipulates that a property that is currently used for residential purposes (lived in as a permanent home) will need planning permission for use as either a second home or holiday let.
If the property is an existing second home or mixed use (Second Home/holiday let) then planning for change of use is not required.
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
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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
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FAQ
About Compass Cottage,, Compass Cottage, Abersoch
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