We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom property · LL22 7SR
For saleListed 270 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom, first floor retirement apartment overlooking the communal gardens, set within Retirement Security's, Tannery Court in Abergele, LL22 located just a mile from the famous Gwrych Castle and Abergele Beach.
Fully redecorated and recarpeted throughout this property benefits from an entrance hall with storage, living room with feature bay window overlooking the communal gardens, fully fitted modern kitchen with space for a bistro style dining table, master bedroom and second bedroom both with built-in wardrobes, bathroom with level access walk-in shower and a separate wc.
Sitting halfway between the popular holiday destinations of Rhyl and Colwyn Bay, Tannery Court is a prestigious independent retirement community on the North Wales coast in Abergele.
With fifty attractive apartments of two or three bedrooms, you can experience a bright and spacious home surrounded by a fresh sea breeze and laid-back coastal atmosphere.
Here, Owners can bask in the luxury of a Retirement Security property and unwind in the sophisticated lounge, where tea and coffee is served daily.
Flowing through is the elegant Owner’s dining room, where you can enjoy a daily homecooked 3-course lunch that is prepared fresh and in house, with sandwiches available to pre-order for tea.
The hobbies room is a large yet intimate setting where Owners can indulge in a variety of games and past times like the popular ukulele club, quiz nights, knit & natter, and bingo as well as a large library of literature to get lost in.
Tannery Court also hosts activities such as weekly exercise classes, monthly film nights, themed meals and music evenings, and tangling!
There is an incredible community feel within the Court: Owners can pass through as they please, knowing that there will always be familiar faces and fun-filled activities to return to.
Overlook the beautiful and peaceful gardens from the patio seating area and relax in its tranquillity whilst resolute housekeepers complete a weekly 90-minute cleaning of your apartment, and Owners are encouraged to utilise the laundry services available within the Court.
To ensure your safety, an incredible team of 24 hour on-site staff are always available to offer you help and reassurance whenever needed – these familiar faces also oversee all functions of the Court and maintain it to an impeccable standard.
Providing a unique approach to independent retirement living, Retirement Security was established in 1983.
We have continued to trail blaze for over 40 years with 32 Courts across England and Wales all offering a range of high-level services to make life easier.
Our founder, Bob Bessell, committed to provide retirees with a wider selection of retirement options, ones that offered affordability, a secure environment and a supportive community, alongside retaining financial control – Courts ‘Run by Owners, for Owners’.
These carefully designed properties bridge the gap between luxury retirement living and preserving your independence for as long as possible.
It is important to note that a significant proportion of the Service Charge relates to items which the prospective purchaser is responsible for in their present home, such as building insurance, building maintenance, gardening, and domestic help.
The lease provides that a transfer premium is payable to Retirement Security on resale of a property.
The maximum premium payable is 3% of the sale price depending on the length of time an Owner has lived at the property. Further information is available from the Court Manager.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Water Street, Abergele, LL22
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