Glantegfan Farm, Cardigan, Ceredigion, SA43 1QY

Description

A substantial detached farmhouse. The property is on a plot of approximately 2 acres, benefitting from outbuildings, off road parking and garden areas. In need of refurbishment. Vacant.

Location

Rural location. Cardigan is town in Dyfed. Situated on the south side of the A487. Cardigan town centre amenities are approximately 1.5 miles. A broad range for recreational amenities are available in the nearby countryside. Transport Fishguard Harbour - Transport for Wales.

Tenure / Property Information

Investment Analysis

The £190,000 guide is the only current pricing evidence. Supplied Land Registry comparables are detached freehold properties in the same postcode district, ranging from £278,000 to £475,000 in 2021, with older sales from £125,000 to £169,000. They lack accommodation, condition and specification details and are not sufficient to establish a current GDV for this vacant farmhouse requiring refurbishment.

Investment Snapshot

Strategy Recommendation

Treat as a survey-led refurbishment opportunity only. Do not rely on the historic comparables or bid above a separately evidenced residual valuation after confirming condition, works, resale value, fees and VAT treatment.

Works Required

Undertake a full inspection and prepare a survey-led refurbishment specification. The supplied evidence only confirms that the farmhouse requires refurbishment; it does not identify particular defects, services, structural issues or upgrade requirements.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be quantified. Current GDV, refurbishment cost, achievable rent, finance costs and total acquisition costs are unsupported. A survey, measured accommodation schedule, refurbishment budget and rental appraisal are required before bidding.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The property is vacant and requires refurbishment, while bedrooms, accommodation, EPC, heating and operating costs are unknown.

Flip Analysis

A flip surplus cannot be calculated. The historic detached-sale evidence provides context but does not establish a current resale value for this specific farmhouse or its refurbishment standard. Selling costs are also not supplied.

Investor Risks & Due Diligence

• Unknown refurbishment scope and condition.

• No bedroom count, accommodation schedule or measured floor area is supplied.

• No sufficiently specific rental evidence is available.

• Historic comparable sales may not reflect current value or this property's specification and condition.

• Buyer fee is unspecified; VAT may apply, and seller charges and VAT election are unknown.

• Rural property with approximately 2 acres and outbuildings may require additional inspection and maintenance assessment, but no specific condition information is supplied.

Recommendation

Treat as a survey-led refurbishment opportunity only. Do not rely on the historic comparables or bid above a separately evidenced residual valuation after confirming condition, works, resale value, fees and VAT treatment.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, vacancy, rural setting, approximate landholding, guide price and broad refurbishment need, but omits accommodation, condition detail, rent, EPC, heating, refurbishment costs, current comparable evidence and buyer/seller charges.