3-bedroom flat · LL53 5PN
Sold STCListed 228 days
Opportunity summary
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About
South-Facing Promenade Flat with Panoramic Coastal Views, presently used for as a Holiday Home & Letting.
This spacious first-floor flat enjoys a prime position on Pwllheli’s sought-after south-facing Promenade, offering uninterrupted views across Cardigan Bay, including Llanbedrog Headland, St Tudwal’s Islands, and the majestic mountains of Mid Wales.
Just a short walk from the town centre, the property offers easy access to Pwllheli’s excellent amenities, including a Leisure Centre, Golf Course, Harbour, Marina.
Pwllheli is a thriving market town and popular seaside resort on the south coast of the Llyn Peninsula.
The accommodation is attractively decorated which offers spacious living space comprising: Lounge. Kitchen. Shower Room. Three Bedrooms. Communal fire exit with steps leading to the rear garden.
Both the front and rear gardens are communal and available for the enjoyment of all residents.
The property is offered for sale by way of a long lease for 125 years from 23rd September 2019 for 125 years.
The freehold is currently being transferred, with each of the three flats to hold a one-third share. Ground Floor - Communal Porch - Leading to: Communal Hallway - Stairs up to first floor.
Flat 2 - Inner Hallway - Lounge - 3.51m x 5.69m (11'6 x 18'8) - Maximum measurement to bay window with sea views. Kitchen - 2.36m x 4.04m (7'9 x 13'3) - Modern kitchen units with sink unit.
Integrated appliances including fridge/freezer, oven, induction hob and dishwasher. Plumbing for washing machine. Pantry cupboard.
Shower Room - 1.45m x 2.03m (4'9 x 6'8) - Modern shore room comprising low level w.c. Vanity washbasin. Shower cubicle. Towel radiator.
Front Bedroom (Middle) - 2.69m x 3.28m (8'10 x 10'9) - Wall mounted electric heater. Front Bedroom - 3.45m x 5.69m (11'4 x 18'8) - Maximum measurements to bay window. Wall mounted electric heater.
Rear Bedroom - 3.94m x 4.06m (12'11 x 13'4) - Wall mounted electric heater. Outside - Both the front and rear gardens are communal and available for the enjoyment of all residents.
Services - We understand that mains water, electricity and drainage are connected to the property.
Prospective purchasers should make their own enquiries as to the suitability and adequacy of these services. Tenure - The property will be offered for sale by way of a 125-year lease.
The freehold is currently being transferred, with each of the three flats to hold a one-third share.
The purchaser will be responsible for one-third of the building’s insurance, maintenance, and repair costs, payable via a service charge.
Value & comps
No previous sales on record.
Returns
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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.
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About 5 West End Parade, Pwllheli
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