3 bedroom detached for sale

£375,000 OIRO

3

Bedrooms

Floorplan

A beautifully presented 3 bed detached stone house situated with just one other property in the vicinity set in open countryside on the edge of Hermon village. In the house there is a large lounge / diner with superb inglenook, kitchen / breakfast room, downstairs bedroom, shower room. On the first floor there are a further two bedrooms and a second bathroom. Outside there are lawned gardens with parking and our client is flexible with regard to what land / garden areas go with the property and will personally discuss this aspect with you when viewing. The property shares the site with one other character 3 bedroom barn conversation known as The Cowshed which is also available separately for 425,000 or both properties are available for 775,000 (see other file).Please note the internal pictures of Penlan Farmhouse were taken when the property was a holiday let - it is no longer a holiday let property so internal furnishings and decor will be different now.

Ground Floor

Main House

Entrance via timber glazed door leading into:

Lounge / Diner (4.18m x 7.21m)

A superb room full of character with large inglenook fireplace with wood-burner in situ and feature side alcove, slate slab flooring, three radiators, two windows to the front, floor-standing oil-fired boiler, exposed beams, staircase to first floor, under-stairs storage cupboard, through to:

Kitchen / Breakfast Room (3.95m x 3.26m)

An attractive room with a good range of wall and base units, LPG gas cooker with extractor over, tiled splash back, concealed spot-lighting, two windows to the front and side, stable-style door out to the front, tiled flooring, radiator, double enamelled sink, integral dishwasher, integral washing machine.

Downstairs Bedroom (1.65m x 3.97m)

With window to rear, slate slab flooring, radiator. Would also make a great study.

Shower Room

With window to side, low level flush WC, pedestal wash hand basin, shower cubicle, light/shaver socket, extractor fan, tiled flooring.

First Floor

First Floor

Accessed via staircase in lounge/diner and giving access to:

Bedroom 3 (4.71m x 2.35m)

With exposed wooden flooring, window to the front, radiator, access to loft space.

Bedroom 2 (2.81m x 3.5m)

With two windows to the front and side, exposed wooden flooring, radiator, built-in wardrobe, access to loft space.

2nd Bathroom

With large Velux roof window to rear, panelled bath, low level flush WC, pedestal wash hand basin, light/shaver socket, concealed spotlighting, exposed wooden flooring.

Exterior

Externally

The grounds of this property are very well maintained and have wooded and grassed areas with a beautiful wildlife pond with further land beyond and mature trees all around. The views are stunning and the whole property benefits from both visible sunrises and sunsets.
There is a recently installed Sauna with cold dip by the stream and also available by separate negotiation is a quality Shepherds Hut onsite (see pictures)

General Information

Viewings: Strictly by appointment with the agents, Houses For Sale in Wales and our sister company, The Smallholding Centre.

Tenure: Freehold

Services: Mains electricity, private water (borehole), private drainage (septic tank), oil-fired central heating.

Council Tax - The Farmhouse : Band D, Pembrokeshire County Council

Please note : We are advised, as is common throughout the UK, that there is a public footpath which crosses the land.

Directions

From Cardigan, take the A478 Tenby/Narberth road and continue until you reach the village of Crymych. In Crymych, proceed past the school and take the left hand turn towards Hermon, along the long straight. Continue to the T-junction and turn right. In 500 metres there is a right-hand bend with a left hand turn into a lane. Take this left turn, it is a no through road. Proceed for about a mile or so to when the road will split 3 ways. Take the left track downwards and continue. There will be 2 sharps bends and Penlan Fach is located at the end.

What3words: ///package.salary.heckler

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £1,621.75

Total Interest: £208,830.27

Overall Total: £583,830.27

Amortization For Monthly Payment: £1,621.75 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£11,889.59 £7,571.42 £367,428.58 
2026£11,643.72 £7,817.29 £359,611.30 
2027£11,389.87 £8,071.14 £351,540.16 
2028£11,127.77 £8,333.24 £343,206.92 
2029£10,857.16 £8,603.85 £334,603.07 
2030£10,577.76 £8,883.25 £325,719.82 
2031£10,289.29 £9,171.72 £316,548.10 
2032£9,991.45 £9,469.56 £307,078.55 
2033£9,683.94 £9,777.06 £297,301.48 
2034£9,366.45 £10,094.56 £287,206.92 
2035£9,038.64 £10,422.37 £276,784.56 
2036£8,700.19 £10,760.82 £266,023.74 
2037£8,350.75 £11,110.26 £254,913.48 
2038£7,989.96 £11,471.05 £243,442.43 
2039£7,617.45 £11,843.55 £231,598.88 
2040£7,232.85 £12,228.16 £219,370.72 
2041£6,835.76 £12,625.25 £206,745.47 
2042£6,425.77 £13,035.23 £193,710.24 
2043£6,002.47 £13,458.53 £180,251.70 
2044£5,565.43 £13,895.58 £166,356.12 
2045£5,114.19 £14,346.82 £152,009.31 
2046£4,648.30 £14,812.71 £137,196.59 
2047£4,167.28 £15,293.73 £121,902.86 
2048£3,670.64 £15,790.37 £106,112.49 
2049£3,157.87 £16,303.14 £89,809.35 
2050£2,628.45 £16,832.56 £72,976.78 
2051£2,081.83 £17,379.18 £55,597.61 
2052£1,517.47 £17,943.54 £37,654.07 
2053£934.78 £18,526.23 £19,127.84 
2054£333.17 £19,127.84 £0.00 

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 299,575

Mortgage Loan to Value

80%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 20,339

Cumulative Rental Profit

£ 203,391

Cost of Purchase

£ 18,325
  • Stamp Duty
    £ 6,250

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 9,375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 24,661
  • Mortgage Interest
    £ 13,481

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £ 5,940
  • Letting Fee
    £ 240
  • Maintenance
    £ 4,500
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£ 420,902
  • Final Equity Profit
    £ 217,510

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 203,391

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£ 610,835

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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