Summary - Flat 1 Ground Floor, 5 Richmond Terrace SA31 1HE
3 bed 2 bath Terraced
Freehold Victorian terrace converted into two flats — investment or live-and-let potential..
- Two self-contained flats: 1-bed ground, 2-bed first floor
- Freehold with separate entrances and meters
- Approx 636 sq ft — compact, low running costs
- Double glazing fitted post-2002; mains gas boiler
- Tiered communal courtyard garden, small plot
- Solid brick walls assumed uninsulated; energy upgrades needed
- Very high local crime and very deprived area
- No flood risk; excellent mobile signal and fast broadband
An appealing investment or multi‑occupancy opportunity in central Carmarthen: this mid‑terraced Victorian property is arranged as two self‑contained flats (one bed ground floor, two bed first floor) and sold freehold. The building retains period character and high ceilings, with modern comforts including post‑2002 double glazing, mains gas boiler, and fast broadband — ready to let or occupy while you plan minor improvements.
Practical positives include separate meters and entrances for each flat, a tiered communal courtyard garden, and low council tax. There is no flood risk and mobile signal is excellent, which supports short‑let or long‑term rental demand. The accommodation is compact (approximately 636 sq ft) so running costs and void periods can be lower than larger properties.
Buyers should note material drawbacks plainly: the property sits in a very deprived area with very high local crime rates, which may affect tenant demand and achievable rents. The solid brick walls are assumed uninsulated and the small plot limits extension potential; some energy‑efficiency upgrades (insulation, possible boiler/service) and cosmetic updating may be required to maximise returns. Communal garden access and shared circulation mean management and tenant compatibility should be considered.
Overall, 5 Richmond Terrace suits investors or households seeking rental income, a live‑and‑let arrangement, or multi‑generational living with separate flats. Its central location near local amenities and transport links makes it practical, while targeted investment in insulation, security, and cosmetic refresh would improve yield and long‑term value.
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