Summary - 12 WATER STREET PENYGROES CAERNARFON LL54 6LR
1 bed 1 bath Terraced
Auction lot with strong refurbishment potential near main A487 links.
Former ground-floor hardware shop with upstairs one-bedroom apartment
A substantial mixed-use terrace offering clear refurbishment upside in Penygroes. The building formerly operated as a hardware shop with an upstairs one-bedroom apartment and an outbuilding; the total floorspace is approximately 1,625 sq ft, providing scope for residential reconfiguration, rental income, or continued ground-floor commercial use. The property is freehold, with a small rear garden and detached shed—both currently overgrown and requiring attention.
This is a practical opportunity for an investor or developer comfortable with a renovation project. The property is sold at online auction on 3rd December 2025 with a guide price of £40,000. Buyers must allow for immediate legal completion (28 days) and a buyer’s premium (5% + VAT, minimum £6,000 + VAT) payable on exchange. Interested parties should review the legal pack carefully for special conditions and additional costs.
Important negatives are straightforward: the building requires renovation throughout, the exterior pavement and garden are unkempt, and the area records higher crime and very high deprivation indices. There is no flood risk, broadband is fast and mobile signal is excellent, and the location benefits from road links to Caernarfon, Porthmadog and Bangor—useful for letting or a small business trade once refurbished.
This lot suits an investor, small developer or owner-occupier prepared to carry out works. Pre-auction offers may be considered but will be subject to the same auction conditions; review the legal pack before bidding or offering.
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