2-bedroom flat · SA45 9PF
For saleListed 111 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Spacious 2 bed coastal apartment **Walking distance to village amenities, beach, cafes, bars and restaurants**Modern kitchen**Fully orientated to maximise the outlook over the bay**Nearby on street parking - (potential for negotiating private parking)**Situated in a quiet area within this popular coastal village**Ideal, low maintenance home within this favoured coastal community** The property is situated within the popular coastal harbour village of New Quay, being a sought after destination on the Cardigan Bay coastline**The village offers a range of facilities and services including local primary school, doctors surgery, local cafes, bars, restaurants, access to two sandy beaches and the All Wales coastal path**The property enjoys good public transport connectivity to the larger amenity centres of Aberaeron and Cardigan.
We are advised that the property benefits from mains water, electricity and drainage. Electric central heating.
Council Tax Band B (Ceredigion County Council) General A spacious 2 bed apartment situated within a small complex.
This is a first floor apartment enjoying a wonderful outlook over Cardigan bay and New Quay village. The property is of Leasehold Tenure with 63 years remaining on the lease.
The Annual Ground Rent is fixed at £25.00 per annum. All Ground Rent and Service Charges are collected by the landlord. It is the landlord's responsibility to insure the property.
Management Charges are around circa £300 per annum (including repairs and maintenance at the property). Insurance Premium - £632.00 per annum per apartment.
The Accommodation Is accessed from a communal hallway with steps leading from the adjoining road area.
Access straight into - Lounge 15' 1" x 13' 5" (4.60m x 4.09m) with feature front window with views over the bay and New Quay, wood effect flooring, multiple sockets, heater, BT point.
Kitchen 7' 4" x 8' 5" (2.24m x 2.57m) with a range of base and wall units, washing machine connection, electric cooker, free standing fridge freezer, timber flooring, rear window with views to the coast, tiled splash back.
Inner Hallway With airing cupboard. Bathroom 5' 8" x 9' 4" (1.73m x 2.84m) (max) with panelled bath with electric shower over, single wash hand basin, w.c.
Side window, tiled walls, vinyl flooring, electric heated towel rail.
Rear Bedroom 1 9' 5" x 12' 7" (2.87m x 3.84m) a double bedroom, window to rear, wood effect flooring, multiple sockets, electric heater.
Rear Bedroom 2 7' 3" x 9' 4" (2.21m x 2.84m) a double bedroom, window to rear, wood effect flooring, heater, multiple sockets.
To The Front The property is accessed from the adjoining county road via concrete steps leading to the main foyer where this property is accessed at this level.
Money Laundering The successful purchaser will be required to produce adequate identification to prove their identity within the terms of the Money Laundering Regulations.
Appropriate examples include: Passport/Photo Driving Licence and a recent Utility Bill. Proof of funds will also be required, or mortgage in principle papers if a mortgage is required.
Viewing Arrangements Viewing: Strictly by prior appointment only. Please contact our Aberaeron Office on or All properties are available to view on our Website – . Also on our facebook Page - .
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Value & comps
No previous sales on record.
Returns
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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 Flat 1, Water Street, New Quay
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