Glantegfan Farm, Cardigan, Ceredigion

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. Situated on the south side of the A487. Cardigan town centre amenities are approximately 1.5 miles. A broad range of recreational amenities are available in the nearby countryside. Cardigan is a town in Dyfed.

Tenure / Property Information

Investment Analysis

The guide is £190,000. Supplied sold comparables are detached freehold properties in Cardigan ranging from £278,000 to £475,000 in 2021, but no floor area, bedroom count, condition or sufficient property-specific detail is provided to adjust them reliably for this vacant farmhouse requiring refurbishment. A supported GDV cannot therefore be established.

Investment Snapshot

Strategy Recommendation

Do not bid on investment assumptions alone. Obtain the legal pack, measured accommodation details, comprehensive survey, refurbishment quotations and local rental/GDV evidence before considering purchase or resale.

Works Required

Refurbishment is required, but the evidence does not specify the building condition, accommodation layout, services or defects. Obtain a full inspection and costed scope before assuming works beyond general refurbishment.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because the property’s accommodation, refurbishment cost, rent, GDV, buyer fee and other acquisition costs are unknown. Refinance proceeds and cash left in are therefore unsupported.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied. Rent and yield cannot be established. The vacant status and refurbishment requirement also mean the property should not be underwritten as an income-producing asset without further evidence.

Flip Analysis

A flip appraisal cannot be completed reliably. Although the supplied detached comparables recorded £278,000 and £475,000 in 2021, their size, specification and condition are not provided and cannot be matched to this farmhouse. Works, selling costs and GDV remain unquantified.

Investor Risks & Due Diligence

• Unknown bedroom count, floor area and accommodation layout prevent reliable valuation.

• Refurbishment scope and cost are unspecified.

• No sufficiently specific rental evidence is available.

• Buyer fee, administration charge and any applicable VAT or seller charges are not quantified.

• The seller’s Special Conditions of Sale may contain additional charges or obligations.

• The property is vacant and currently requires refurbishment before occupation or letting.

Recommendation

Do not bid on investment assumptions alone. Obtain the legal pack, measured accommodation details, comprehensive survey, refurbishment quotations and local rental/GDV evidence before considering purchase or resale.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, vacancy, rural setting, approximate two-acre plot, outbuildings, parking and a need for refurbishment, but omits accommodation, condition detail, rent, EPC, costs and sufficiently comparable valuation evidence.