3-bedroom house · SA45 9TQ
For saleReduced £30k (−13.3%) on 3 JulListed 878 days
Opportunity summary
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About
**Character Stone Built Barn Conversion**Provides a Freehold 3 Bed Holiday Cottage (11 month Occupancy)**Ideal Holiday Retreat**Currently run as a holiday letting business**Character Accommodation**Well proportioned**Within a Courtyard Development**From the communal grounds there are lovely views of the sea and down into the harbour at New Quay**Ample Parking**Sold as seen with all fixtures and fittings** The Accommodation provides : Ent Hall, Lounge/Dining Room, Fitted Kitchen.
To the First Floor - 3 Bedrooms and Bathroom with shower and w.c..
Penrhiwpistyll adjoins a quiet country lane on the edge of the popular coastal resort and seaside fishing village of New Quay on Cardigan Bay.
7 miles from the Georgian Harbour town of Aberaeron and an easy reach of the larger Marketing and Amenity Centres of Aberystwyth, Cardigan and Lampeter.
We are advised the property benefits from mains electricity, water and drainage. Economy 7 Heating.
General A semi-detached Freehold cottage which forms part of a barn conversion expertly carried out and to a good standard. The property is currently let as a holiday business.
The planning permission dictates that the property restricts occupancy for 11 months of the year (February excluded but is not restrictive to holiday use only).
The benefit of this, is the property is not liable to council tax.
Located within a former farm yard complex, the property has the benefit of use of the communal gardens and grounds which provides patio area, feature fish pond, ample parking and from the lower garden there is a patio and sitting out area with views directly over the sea and into the harbour at New Quay.
The Annual Management charge for the maintenance of the grounds including ground rent is £500 per annum. The Cottage will be sold as fitted and fully furnished.
The accommodation provides as follows - Entrance Hall With laminate flooring, understairs storage space.
Open Plan Lounge/Dining Room 16' 1" x 15' 3" (4.90m x 4.65m) a spacious lounge with duel aspect windows to side & rear, laminate flooring, electric night storage heater.
Archway through to - Kitchen 9' 7" x 7' 9" (2.92m x 2.36m) A modern kitchen with a range of base and wall cupboard units with Formica working surfaces above, stainless steel single drainer sink unit with mixer taps, integrated appliances including electric oven with Beko ceramic induction hobs over with stainless steel cooker hood, integrated dishwasher, partly tiled walls.
Landing Approached via staircase from the entrance hall. Double Bedroom 1 16' 2" x 8' 1" (4.93m x 2.46m) (max) electric night storage heater and with pleasant views.
Double Bedroom 2 11' 7" x 8' 3" (3.53m x 2.51m) (max) electric night storage heater.
Bedroom 3 9' 1" x 7' 3" (2.77m x 2.21m)max - (L shaped) 4'2" (Min) with electric night storage heater, over stairs storage cupboard.
Bathroom 9' 6" x 6' 9" (2.90m x 2.06m) with tiled floor, White suite providing a panelled bath with a Triton shower over and shower screen, pedestal wash hand basin, shaver light and point, low level flush toilet, electric night storage heater, extractor fan, built in airing cupboard.
Patio Area A most pleasant patio area, with Welsh slate chipped area making a lovely seating area to relax. Communal Grounds The grounds include a patio area laid to slabs with feature pond.
Beyond this is a spacious lawned area with recently completed decking area with outstanding views over New Quay harbour and Cardigan Bay.
Money Laundering 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.
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