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See how verdicts work2 × 1-bed flat · LL52 0DG
For saleListed 418 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*RESIDENTIAL DEVELOPMENT* This is a great opportunity for a developer with a vision. This former Church Vestry/Church Hall is offered to the market with planning permission for two one-bedroom flats.
Both flats will have separate entrances, and will consist of a lounge area, a kitchen a bathroom and a bedroom.
Both flats are also equipped with separate water access points that have been approved for sprinkler systems.
All the planning work has already been done, and the vendors would now love to see the plans take form. The property has so much potential, and we highly recommend viewing.
Planning application number: C23/0674/35/LL *“Article 4 stipulates that a property that is currently used for residential purposes will need planning permission for use as either a second home or holiday let” Cyngor Gwynedd has served an Article 4 Direction ‘Notice’ for the Gwynedd Local Planning Authority area (namely the area of Gwynedd located outside Eryri National Park).
Article 4 Direction stipulates that planning consent is required for the following use: -Change of use of a main residence (use class C3) into a second home (use class C5) or short-term holiday let (use class C6) and specific mixed uses; -Change of use of a second home (use class C5) to a short-term holiday let (use class C6) and specific mixed uses; -Change of use from a short-term holiday let (use class C6) to a second home (use class C5) and specific mixed uses.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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
Agent & docs
FAQ
About Henbont Road, Criccieth
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