2-bedroom flat · LL29 8EW
Sold STCListed 25 daysAuction 28 Oct · in 8 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Online Auction. 28th of October 2026.
A Good Sized Vacant Long Leasehold Two Bedroom Apartment, Being Located In Colwyn Bay Town Centre Close To Local Amenities, Beach And Promenade And Train Station.
Benefitting From Gas Central Heating And UPVC Double Glazing. An Ideal Home Or Investment Property. Potential Net Yield In Excess Of 13%.
999 YEAR LEASE FROM 01.01.2006 Description ACCOMMODATION Hallway - 19' x 7'2''. Double glazed velux window, radiator Lounge - 14'5'' x 13'4''.
UPVC double glazed window, radiator, laminate flooring Kitchen - 8'2'' x 6'2''. Stainless steel sink unit, wall and base cupboards, plumbing for washing machine Bedroom 1 - 13'9'' x 13'4''.
Double glazed window, radiator, laminate flooring Bedroom 2 - 10'2'' x 6'10''. Double glazed window, radiator, laminate flooring Bathroom - 6'2'' x 6'2''.
Panel bath, shower unit, wash hand basin, w.c, double glazed window, radiator.
Legal Pack A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction.
To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk. Auction Information.
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged.
The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot.
The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered The seller of this property may consider a pre-auction offer prior to the auction date.
All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit.
To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online.
To find out more information or to make a pre-auction offer please contact us.
Special Conditions Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion.
The legal pack is available to download free of charge under the LEGAL DOCUMENTS'.
Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Material Information Material information will be provided within the legal pack- to download visit our website tcpa.co.uk.
Auctioneer Notes The vendor reserves the right to withdraw the property for sale before the auction end date. Cash buyers or pre-approved mortgages/finance only.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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 Flat 3, 37 Greenfield Road, Colwyn Bay, Conwy, LL29 8EW
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