Inside the rundown Tenby townhouse that offers more than expected
Expected to attract substantial attention from investors this sizable eight-bedroom terraced townhouse spans across four levels and promises a vibrant future for the successful bidder.
Situated just a stone's throw from the heart of Tenby, Napleton House on Warren Street is brimming with opportunities for its future owner, who might even be able to claim to have bagged themselves a bargain building, as the property has an auction guide price of £225,000 plus. For more property stories sent to your inbox twice a week sign up to the property newsletter here
READ MORE: Beautiful Romany wagon tucked away in wildflower meadow by river with brown trout and otters
According to online property portal Rightmove, substantial terrace properties of four or five bedrooms in this popular seaside town have sold within the last year with a price tag ranging from £450,000 to £530,000 so Napleton House seems like a steal if a buyer can get it near the guide price.
However, there are compromises - inside the whole house needs renovating, from the tired décor to holes in ceilings, from the kitchen to the bathrooms and up to eight bedrooms, so the buyer needs a healthy renovation budget. In addition if a shop or commercial premises integrated into the house is something a new owner requires, the house is perfect but if not it's a quirky shaped room with a shop front that not everyone has the vision to transform into a usable space.
But there are also surprises to find inside. There's a whole hidden basement floor of extra accommodation with multiple rooms and a cellar and also where one room explains another room upstairs which has a backdrop and curtains that makes sense when you find out that the house was once home to a photographer's studio and the room in the basement was perfect for developing the photos in a once well-equipped dark room.
Sean Roper of Paul Fosh Auctions says: "For starters the townhouse is located in arguably one of the most sought-after towns in west Wales. It's a towering, imposing house, positioned centrally and surrounded by a wealth of shops, amenities and all that wonderful Tenby has to offer in terms of attractions for tourists and visitors.
"It oozes history from all its parts having for many years housed a photographer's studio with plentiful living accommodation above. The property has previously had planning permission for conversion to an eight-bedroom guest house.
"The townhouse offers versatile accommodation with its 1,558-set ft (145 sq. m) of space. It could also make a truly awesome single, large dwelling or become luxury flats or some other commercial uses, subject to obtaining the necessary planning permissions.
"The property is in Warren Street which is the main thoroughfare from Tenby train station to the centre of the town. The property is ideally placed for those wishing to stay in this popular tourist town. It's a short walk to the town walls, golf course, train and bus stations, with the town's beautiful beaches within easy reach.
"I have high hopes for this lovely Tenby property so let's just see what develops up to and during the online auction.
"The accommodation currently offers a lower ground floor with floor entry basement, two receptions, a storage room and wk. On the ground floor is the shop floor and a rear reception. On the first floor is a bathroom, four bedrooms, one of which was previously the photographer's studio and kitchen. The second floor has a further three bedrooms and then there is the loft."
The former Tenby townhouse with former photographer's studio, is going under the hammer with Paul Fosh Auctions online sale, which starts at 12 noon on Tuesday, June 24 and ends from 5pm on Thursday, June 26, call 01633 254044 for more information. For viewings contact local agent Birt & Co, Tenby on 01834 842204.
For more property stories and home content join our Amazing Welsh Homes Facebook group here.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Powys County Times
5 hours ago
- Powys County Times
Treasury minister fails to rule out hitting homeowners with capital gains tax
A Treasury minister has not ruled out hitting owners of high-value houses with capital gains tax (CGT) when they sell their family home. Chancellor Rachel Reeves is reported to be considering ending the current exemption from CGT for primary residences as she seeks ways to raise cash in the face of dire warnings about the state of the public finances. Such a move would see higher-rate taxpayers pay 24% of any gain in the value of their home, while basic rate taxpayers would be hit with an 18% levy. The Times reported that under the proposals being considered for the autumn budget, the private residence relief would end for properties above a certain threshold. The threshold is still under consideration but a £1.5 million starting point would hit around 120,000 homeowners who are higher-rate taxpayers with capital gains tax bills of £199,973, the newspaper reported. Treasury minister Torsten Bell declined to rule out hitting people selling their homes with CGT, insisting any potential changes were matters for the Chancellor and would be set out at a budget. Asked to rule out the move, the pensions minister told broadcasters: 'Working people and people's living standards is what this Government is all about. 'We've seen wages rise more in the first 10 months of this Government than the first 10 years of the last Conservative government. 'But of course, as you know, questions for tax are for the budget and they're for chancellors.' Ending primary residence relief could deter people from selling their homes, slowing the housing market and could have a particular impact for older people looking to downsize. The Labour government has ruled out increasing income tax, employees' national insurance contributions and VAT, restricting Ms Reeves' options when it comes to raising money. The scale of the challenge facing her in the autumn budget was illustrated by the NIESR economic think tank warning this month that Ms Reeves is set for a £41 billion shortfall on her self-imposed rule of balancing day-to-day spending with tax receipts in 2029-30. Tory leader Kemi Badenoch hit out at the Chancellor's 'disastrous economic mismanagement' and said the Government was 'stuck in a doom loop of low growth and higher taxes'. She said: 'We should be cutting spending, cutting taxes, and backing the makers who keep our country going.' Any move to hit expensive properties would be likely to impact more heavily on London than other parts of the country. Analysis by Rightmove suggested 10.9% of homes for sale in the capital would exceed a £1.5 million threshold, compared with 1.6% outside London. Rightmove's Colleen Babcock said: 'In essence, this would predominantly be a tax on the most expensive areas of London and the South East. 'The London market is already feeling the effects of taxation more acutely than other parts of England, and this is likely to deter some moves at the upper end.'
Leader Live
5 hours ago
- Leader Live
Treasury minister fails to rule out hitting homeowners with capital gains tax
Chancellor Rachel Reeves is reported to be considering ending the current exemption from CGT for primary residences as she seeks ways to raise cash in the face of dire warnings about the state of the public finances. Such a move would see higher-rate taxpayers pay 24% of any gain in the value of their home, while basic rate taxpayers would be hit with an 18% levy. The Times reported that under the proposals being considered for the autumn budget, the private residence relief would end for properties above a certain threshold. The threshold is still under consideration but a £1.5 million starting point would hit around 120,000 homeowners who are higher-rate taxpayers with capital gains tax bills of £199,973, the newspaper reported. Treasury minister Torsten Bell declined to rule out hitting people selling their homes with CGT, insisting any potential changes were matters for the Chancellor and would be set out at a budget. Asked to rule out the move, the pensions minister told broadcasters: 'Working people and people's living standards is what this Government is all about. 'We've seen wages rise more in the first 10 months of this Government than the first 10 years of the last Conservative government. 'But of course, as you know, questions for tax are for the budget and they're for chancellors.' Ending primary residence relief could deter people from selling their homes, slowing the housing market and could have a particular impact for older people looking to downsize. The Labour government has ruled out increasing income tax, employees' national insurance contributions and VAT, restricting Ms Reeves' options when it comes to raising money. The scale of the challenge facing her in the autumn budget was illustrated by the NIESR economic think tank warning this month that Ms Reeves is set for a £41 billion shortfall on her self-imposed rule of balancing day-to-day spending with tax receipts in 2029-30. Tory leader Kemi Badenoch hit out at the Chancellor's 'disastrous economic mismanagement' and said the Government was 'stuck in a doom loop of low growth and higher taxes'. She said: 'We should be cutting spending, cutting taxes, and backing the makers who keep our country going.' Any move to hit expensive properties would be likely to impact more heavily on London than other parts of the country. Analysis by Rightmove suggested 10.9% of homes for sale in the capital would exceed a £1.5 million threshold, compared with 1.6% outside London. Rightmove's Colleen Babcock said: 'In essence, this would predominantly be a tax on the most expensive areas of London and the South East. 'The London market is already feeling the effects of taxation more acutely than other parts of England, and this is likely to deter some moves at the upper end.'
North Wales Chronicle
6 hours ago
- North Wales Chronicle
Treasury minister fails to rule out hitting homeowners with capital gains tax
Chancellor Rachel Reeves is reported to be considering ending the current exemption from CGT for primary residences as she seeks ways to raise cash in the face of dire warnings about the state of the public finances. Such a move would see higher-rate taxpayers pay 24% of any gain in the value of their home, while basic rate taxpayers would be hit with an 18% levy. The Times reported that under the proposals being considered for the autumn budget, the private residence relief would end for properties above a certain threshold. The threshold is still under consideration but a £1.5 million starting point would hit around 120,000 homeowners who are higher-rate taxpayers with capital gains tax bills of £199,973, the newspaper reported. Treasury minister Torsten Bell declined to rule out hitting people selling their homes with CGT, insisting any potential changes were matters for the Chancellor and would be set out at a budget. Asked to rule out the move, the pensions minister told broadcasters: 'Working people and people's living standards is what this Government is all about. 'We've seen wages rise more in the first 10 months of this Government than the first 10 years of the last Conservative government. 'But of course, as you know, questions for tax are for the budget and they're for chancellors.' Ending primary residence relief could deter people from selling their homes, slowing the housing market and could have a particular impact for older people looking to downsize. The Labour government has ruled out increasing income tax, employees' national insurance contributions and VAT, restricting Ms Reeves' options when it comes to raising money. The scale of the challenge facing her in the autumn budget was illustrated by the NIESR economic think tank warning this month that Ms Reeves is set for a £41 billion shortfall on her self-imposed rule of balancing day-to-day spending with tax receipts in 2029-30. Tory leader Kemi Badenoch hit out at the Chancellor's 'disastrous economic mismanagement' and said the Government was 'stuck in a doom loop of low growth and higher taxes'. She said: 'We should be cutting spending, cutting taxes, and backing the makers who keep our country going.' Any move to hit expensive properties would be likely to impact more heavily on London than other parts of the country. Analysis by Rightmove suggested 10.9% of homes for sale in the capital would exceed a £1.5 million threshold, compared with 1.6% outside London. Rightmove's Colleen Babcock said: 'In essence, this would predominantly be a tax on the most expensive areas of London and the South East. 'The London market is already feeling the effects of taxation more acutely than other parts of England, and this is likely to deter some moves at the upper end.'
