Summary - 54-55, WATER STREET SA31 1RH
9 bed 5 bath Block of Apartments
**Key Features:**
- 9-bedroom block of apartments with potential for HMO conversion
- Full planning consent for five flats, with the possibility to convert to an 11/12 bed HMO
- Prime location near Carmarthen town center and essential amenities
- Freehold tenure with low council tax (Band B)
- Investment opportunity at a guide price of £95,000
This unique investment opportunity at 54-55 Water Street offers the chance to acquire a historic Georgian building in a transitional neighborhood, just steps away from local amenities, including shops, restaurants, and public transport. Currently featuring two properties with approved plans for conversion into five flats—consisting of two one-bedroom units, two two-bedroom units, and one three-bedroom unit—the property presents substantial renovation potential.
Although some updates and restorations are necessary to bring the building up to modern standards, the desirable location and low crime rate provide a promising return on investment, making it ideal for first-time buyers and property developers alike. With a competitive guide price of £95,000, this property won’t last long in today’s fast-paced market. Don’t miss your chance to transform this dilapidated structure into a thriving residential or rental space in Carmarthen.
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