3-bedroom bungalow · LL38 2DZ
Listing removedReduced £20k (−8.5%) on 20 JunListed 223 days
Opportunity summary
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About
One of the first homes built in the village, this distinctive home occupies a generous plot on Penrhyn Drive in the coastal village of Fairbourne.
Ideally located just a stone’s throw from the beach and within a short walk of the village centre, the property offers spacious and versatile accommodation with considerable character.
The home is set within established grounds and benefits from a balcony overlooking the rear garden, as well as useful under-house space including a workshop and garage, complemented by additional external store sheds.
Internally, the property provides flexible living with three bedrooms, two reception rooms and two kitchen areas, offering potential for a variety of living arrangements.
A covered entrance porch leads into the main entrance hallway, which includes a built-in storage cupboard. A small flight of steps leads up to the principal living accommodation.
The reception room features a bay window to the rear of the property and a wood-burning stove, creating a cosy focal point.
The bay window opens onto a balcony overlooking the garden, and there is also access to a useful walk-in store cupboard.
The living room enjoys a bay window to the side of the property and features a wood burner set within an attractive brick fireplace. There are two kitchen areas within the property.
One kitchen, converted from a former bedroom by the current owner, includes a gas hob, sink and fitted base and wall units with laminate worktops.
The second kitchen is fitted with an electric oven and hob, base units and tiled splashbacks, and leads through to a rear hallway with access to the garden and a recess for a washing machine.
Off the rear hallway is a shower room fitted with splashback panelling, WC, wash basin and corner shower unit.
The property includes a good-sized double bedroom, along with Bedroom Two, which is also a comfortable double room.
A further bedroom provides an additional bedroom space and benefits from a built-in double wardrobe.
Family bathroom with splashboard panelling, bath, WC and washbasin & two windows to the side of the home.
‘Please note that a charge of £36 per person will be applied to cover mandatory anti-money laundering checks’ The property sits on a generous and relatively level plot, primarily laid to lawn, with the garden wrapping around the home and offering excellent potential for further landscaping or development, subject to the necessary permissions.
A gravel driveway leads from Penrhyn Drive and provides parking for multiple vehicles. The front elevation is bordered by a stone wall, adding to the character of the property.
The gardens also provide access to the lower ground floor workshop and garage, which offer extensive storage and potential for a variety of uses, including further development opportunities.
Adjoining the garage are three additional store sheds, providing further practical storage space.
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 Beach Bungalow,, Penrhyn Drive South, Gwynedd
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