Why does this Welsh four-bed end of terrace for sale have a £1.85m price tag?

A four-bedroom terrace house in North Wales may seem an unlikely candidate for a £1.85million price tag – until you look at the view.

The property is on the market for more than three times the average price of £554,762 of those sold in the Abersoch area.

There’s clearly something particularly special about the property given that it commands a relatively high asking price.

Indeed, what is special is its spectacular location on the Llyn Peninsula with stunning views of the sea and Snowdon, the highest mountain in Wales and England.

This stunning location attracts not only its share of Instagram photos, but also a devoted following of vacationers who pay to stay at the property.

The property has been a successful holiday rental for the past eight years, with an average annual gross income between April 2019 and April 2022 of £35,000.

However, this revenue stream is expected to be affected by the Chancellor’s commitment in the recent Budget to change the tax benefits given to holiday rental businesses.

Jeremy Hunt has announced he will scrap the tax regime for furnished holiday rentals from April 2025.

THE the property is one of the oldest stone properties in the seaside village of Abersoch.

The four bedrooms are distributed on the ground floor and first floor. Also on the ground floor is the main living room with large double windows overlooking the harbor and beyond towards Cardigan Bay.

On a clear day, Snowdon can be seen in the background of this distant view.

It is a tidal harbor and at high tide there is a lot of activity on the water with boats launched just below the chalet.

And at low tide, it is possible to paddle across the river to the sandy beach opposite.

Outside the cottage there is a raised sun terrace with a glass balustrade leading from the lounge, with steps leading down to a paved rear garden and basement.

Beresford Adams – who is the estate agent handling the sale – described the property as a “truly remarkable home in a unique and unrivaled position”.

The property is a former fisherman’s cottage and is a few hundred meters from village amenities.

The property has a two-storey extension which was built in 1964 and the interior has been redecorated more recently.