Project Name Ty Gwynn (White House), North Wales.
Project Value £250,000.
Project Status Complete
Ty Gwyn, translating to ‘White House’, is a stunning Grade II Listed building on the Western Coast of Wales overlooking Cardigan Bay. The dominant 1929 building had previously been used as a Council Youth Hostel, but increasing repair and running costs lead to the sale of the property and our appointment by the new owners as both surveyors and designers for its refurbishment and conversion into a luxury self-catering holiday rental.
Due to its listed status, attention to detail towards its refurbishment was vital. Apposed to being replaced by a cheaper alternative, all original cast iron decorative down–pipes and gutters were treated and re-painted along with as all original timber sash windows to berepaired and re-painted. New external white rendering were instructed, amongst roof repairs and damp-proofing through-out.
Internally, original tile and timber floors were restored and the original structural layout maintained amongst some minor remodelling to form additional shower rooms and toilet facilities. Having such a vast building to populate with spaces that would attract large groups, several key spaces for guests to enjoy their stay were proposed.
These key spaces included a cinema room, games room, mini-bar, large dining area, library and living room. Due to the stunning location of the property, the creation of an externalglazed balcony on the properties grounds overlooking the ocean were proposed, providing a wind-sheltered seating area to soak up the panoramic sunsets.
Running costs were a key aspect of the properties success as a holiday rental asset. Immediate investment was made by the installation of a £30,000 biomass boiler which is capable to keep the place warm through-out the year at a fraction of the cost of common means of heating, paying for itself in seven years.
Purchase price £150,000
Cost of works £250,000
Re-sale value £900,000