Morgan & Davies says ..

Property Oracle says ..

This property in Mydroilyn, near Aberaeron, presents a unique opportunity for buyers seeking a substantial rural property with ample land. The property itself is a two-bedroom stone cottage situated on approximately 13 acres of land. The cottage has some recently updated features, such as windows, but overall requires considerable modernisation. The kitchen and bathroom appear dated.

The 13 acres of land provide significant potential for various uses, such as farming, equestrian pursuits, or simply enjoying a large private garden and rural outlook. However, the outbuildings on the property are in a state of disrepair and will need extensive work.

The location offers a tranquil semi-rural lifestyle, relatively close to the amenities and the coastal town of Aberaeron. However, potential buyers should be prepared for a longer commute to larger towns and cities, given the property’s remoteness and the absence of immediate public transport. The nearest schools are within a reasonable driving distance.

The list price of £450,000 needs to be considered in light of the necessary renovations. Comparable properties in the area, which include some land but are not as extensive, are typically listed in a lower price bracket. Therefore, a buyer should carefully evaluate the cost of renovations alongside the value of the land when making an offer.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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