Lamack Vale Serpentine Road, Tenby

Lamack Vale House, Serpentine Road, Tenby, SA70 8DD

Offers in Excess of £500,000

5 Bedrooms | 3 Bathrooms | 4 Reception Rooms | Indoor Pool | Garden Chalet | Freehold

Victorian Coastal Home with Holiday Let Income and Strong ROI Potential

A rare chance to purchase a substantial Victorian detached home with an indoor swimming pool and income-producing holiday let potential in one of Wales’ most sought-after coastal towns.

Lamack Vale House offers over 3,000 sq.ft of versatile accommodation, including five bedrooms (three en-suite), four reception rooms, and a self contained garden chalet — all set moments from Tenby’s golden beaches and vibrant town centre.

The property is already an established holiday let, generating £61,166 in 2023/24 at just 36% occupancy, with projections of £155,000–£197,000 p.a. post-modernisation.

🗝️ Property Highlights

* Elegant Victorian detached home with original period features

* Five bedrooms, including a generous master suite with dressing room and veranda

* Four reception rooms including lounge, dining, sitting room, and conservatory

* Indoor heated swimming pool (approx. 750 sq.ft)

* Private rear garden and off-street parking for 4–5 cars

* Garden chalet with kitchen, bedroom, and shower room — ideal for guests or letting

* Excellent scope for modernisation and value uplift

* Chain-free

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Floor Area & Key Details

Internal Area: 3,059 sq.ft (284.1 sqm)

Chalet with bedroom, shower, kitchen/living area

Freehold | EPC: D | Council Tax Band: E

Gas central heating | Double glazed | Off-road parking

Why Tenby?

With over 3 million annual visitors, Tenby offers one of the UK’s most lucrative coastal holiday let markets. Regular events like Ironman Wales and Tenby Arts Festival, plus miles of sandy beaches and medieval charm, drive year-round demand.

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📊 Investment Summary

Current Performance (2023/24)

Gross Income: £61,166 (at 36% occupancy / 130 nights)

Net Income (after 20% operating costs incl. council tax): £48,933

Gross Yield: 12.23% | Net Yield: 9.41

Post-Refurbishment Projections

Refurbishment Estimate: £125,000 (Significant Reconfiguration and Modernization and can be achieved on a lower budget)

Post-refurbishment Value: £900,000

Total Investment: £645,000

| Occupancy | Gross Revenue | Gross Yield | Net Yield |

| ---------------- | ----------------- | --------------- | ------------- |

| 63% (230 nights) | £155,250 | 24.07% | 19.26% |

| 70% (255 nights) | £172,125 | 26.69% | 21.35% |

| 80% (292 nights) | £197,100 | 30.56% | 24.45% |

One-Year ROI (at 70% occupancy + resale):

Capital Gain: £255,000

Net Income: £137,700

Total Return: £392,700→ ROI: 60.88%

Eligible for business rates relief if let >182 nights/year.

NB: Above figures are estimates and own due diligence would be required to be undertaken by any incoming purchaser.

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