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See how verdicts work2-bedroom flat · LL29 9TH
Listing removedListed 192 days
Opportunity summary
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About
Part of the “Plas Heulog” development for the over 55’s.
This two bedroom ground floor apartment is part of the “Clwyd Alyn” leasehold scheme-where you purchase & sell the property based on a 70% market value. The lease is 60 years once purchased.
Situated in Old Colwyn-walking distance to the local shops, bus stop & other amenities. A short drive from Colwyn Bay & Rhos on Sea for further amenities, promenade & beach.
The accommodation has been completely refurbished by the current owners and comprises of:- Apartment private front door, hallway with good-sized built-in storage cupboard, lounge/diner, new kitchen with black gloss units, marble worktops and integrated appliances to include:-microwave, fridge/freezer, oven, induction hob & extractor.
Two double bedrooms and a new, modern, contemporary shower room. “Karndean” flooring flows throughout the apartment and it benefits from gas central heating & UPVC double glazed windows.
Outside to the rear of the apartment is a paved garden area.
Hallway (10' 8'' x 3' 6'' (3.25m x 1.07m)) Lounge/Diner (17' 6'' x 10' 4'' (5.33m x 3.15m)) Kitchen (9' 5'' x 6' 6'' (2.87m x 1.98m)) Bedroom One (12' 11'' x 9' 6'' (3.93m x 2.89m)) Bedroom Two (11' 5'' x 8' 5'' (3.48m x 2.56m)) Shower Room (6' 9'' x 4' 6'' (2.06m x 1.37m)) Agent Notes Tenure: Leasehold.
The apartment is leasehold-a 60 year rolling lease and renewal comes into effect on each purchase. Service charge:-£194 per month.
Part of the “clwyd alyn” leasehold scheme where you purchase & sell the property based on 70% market value Location The property is located on the outskirts of Old Colwyn with its local shops and other facilities.
The larger resort town of Colwyn Bay is approximately two mile distance. The A55 dual carriageway is close by for easy access to Chester and the motorways beyond.
Directions From the Rhos on Sea office turn right towards the Promenade, turn right onto the Promenade, continue along this road turning right for Old Colwyn, continue to the roundabout, take the first exit onto Abergele Road, turn left onto Albert Road opposite the co-op garage.
Value & comps
No previous sales on record.
Returns
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Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 3 Plas Heulog, Albert Road, Colwyn Bay
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