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See how verdicts work7-bedroom detached house · LL53 8HF
For saleReduced £60k (−9.2%) on 28 JulListed 732 days
Opportunity summary
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About
A stunning, centuries old well-appointed 5 bedroom Mill House plus an additional spacious 2 bedroom modern detached holiday let cottage, nestled centrally but privately in the charming village of Sarn Meyllteyrn in the heart of the glorious Llyn Peninsula.
The main house has an attractive white washed period stone exterior and has been sympathetically restored and improved by the present proprietors.
Oil fired central heating complement the original features such as exposed beams, stone walls and an inglenook fireplace with fitted multi fuel stove to the splendid sitting room, whilst introducing a modern fitted kitchen and multiple modern en-suite shower rooms.
The cottage lies adjacent to the main house and is run as a successful holiday let cottage, with the owners further improving the accommodation into a contemporary designed layout with independent oil fired central heating.
Both the main house and the cottage have been a successful holiday letting enterprise and the owners have also used the main house for their own family use.
Any discerning buyer can continue letting out both properties or alternatively reside in the Mill House as a permanent home with income derived from the adjoining cottage.
Externally the properties are accessed along a private shared drive with expansive parking in between both properties, space for around 5-6 cars for the Mill House and designated parking for 2 cars for the letting cottage.
Outside the front of Mill House lies an alfresco dining area and a separate private patio terrace is located to the side of Mill House.
Opposite the drive is a grassed lawn area and a sited 2 bedroom (6 berth) Static Caravan (Tudor Westminster).
Mill House, Mill House Cottage and the Static Caravan are all connected to electricity, water and mains sewerage services.
A substantial corrugated barn which is used as a car port and a games room for letting guests. A detached stone/ slate roof outbuilding for logs/ garden equipment provide additional storage.
Behind Mill House lies a beautiful, secluded woodland included within the property boundary.
Mill house : Hall entrance, kitchen with tiled floor, solid ash worktops, base cupboards and wall cupboards, gas powered range cooker, door to utility / boot room with oil fired boiler.
Sitting room, a large character filled room with inglenook and fitted multi fuel stove, exposed beam ceiling. Archway and steps to dining room with exposed beam ceiling.
Study area/secondary sitting area with staircase to bedroom with a white en-suite bathroom.
Rear ground floor hallway with night storage heater leading to 2 twin bedrooms, both with electric radiators and a shower room serving both bedrooms.
Main staircase from the entrance hall to landing with 2 double bedrooms to front, both with modern en-suite shower rooms.
Mill house cottage : Centrally heated with a spacious open plan living space with contemporary interiors and a newly fitted well equipped kitchen, one large double bedroom and one large triple bedroom, each with a large bay window.
Spacious tiled wet room with electric shower, toilet and wash basin, plus a separate WC with toilet and wash basin.
Sarn village is a short walk away and sits centrally on the Peninsula allowing convenient travelling distance to a range of exceptional sandy beaches and rocky coves dotted around this scenic coastline.
The village boasts two public houses and a modern convenience store / filling station, well stocked for all daily shopping needs. A vibrant community hall serves the local inhabitants.
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.
Sarn Meyllteyrn is a delightful village centrally situated for travelling across the whole of the peninsula and provides a small general store/butchers, a garage filling station, two public houses and a community hall.
A junior and secondary school can be found in nearby Botwnnog 1 mile away.
Value & comps
No previous sales on record.
Returns
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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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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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FAQ
About Mill House & Mill Cottage,, Sarn Meyllteyrn, Gwynedd
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