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Dilapidated Mumbles House Priced at £450,000 Highlights Coastal Market Dynamics

Its £450,000 asking price reflects strong demand fuelled by recent seafront upgrades with local buyers facing growing affordability pressures.

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Overview

  • Cairnside, a vacant three-bedroom house on Western Lane, has been on the market since May with an asking price of £450,000.
  • Reporters note its overgrown plot, missing roof slates and worn decking, although its panoramic Swansea Bay views underpin its appeal.
  • Rightmove data show the asking price is more than double Swansea’s £212,427 average and nears the £518,500 average for Mumbles detached homes.
  • Estate agents market the property as a “hidden gem” on a large site suitable for renovation or full redevelopment, subject to planning permission.
  • Local stakeholders cite recent promenade, seawall and sports-pitch upgrades boosting demand and note that a 200% council tax on second homes has driven some Airbnb owners to sell.