2-bedroom bungalow · LL30 1TJ
For saleListed 137 days
Opportunity summary
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About
THIS IS A BEAUTIFULLY PRESENTED WARDEN CONTROLLED TERRACED TWO BEDROOM RETIREMENT BUNGALOW situated on this pleasant development overlooking open fields to the rear and adjacent to a range of communal facilities, within two/thirds of a mile to Craig y Don shopping and approximately one mile to Llandudno.
The property briefly comprises: hall; lounge; kitchen; two bedrooms and three piece shower room. The property features gas fired central heating and upvc double glazed windows.
Outside - communal gardens. The property is held on a Leasehold tenure over a 99 year term from 2020 with an annual ground rent of £150 per annum, (92 years left on the lease).
For the use of all the residents there is a communal lounge with kitchen en-suite, laundry room and guest suite subject to availability.
NO SUB-LETTING PETS WITH MANAGEMENT PERMISSION MINIMUM AGE RESTRICTION 55 The Accommodation Comprises: - Upvc door to: Hall - Coving, access to roof space, wall mounted emergency call system, radiator, two built in storage cupboards with shelving in one.
Lounge - 4.67m x 3.28m (15'3" x 10'9") - Marble fire surround with electric fire, tv point, telephone point, coving, radiator, upvc double glazed door and sidelight to garden.
View From Lounge - Kitchen - 2.47m x 2.05m (8'1" x 6'8") - Modern fitted range of base, wall and drawer units with round edge work tops, four ring ceramic hob with cooker hood over, inset sink unit with mixer tap, space for fridge/freezer, radiator/towel rail, upvc double glazed window.
Bedroom 1 - 3.48m x 3.05m (11'5" x 10'0") - Deep display sill, radiator, upvc double glazed window with open views.
Bedroom 2 - 3.26m x 1.96m (10'8" x 6'5") - (Currently used as a Dining Room) Coving, radiator, upvc double glazed window to front.
3 Piece Shower Room - Comprising large shower stall with electric shower with plastic clad walls, pedestal wash hand basin, close coupled w.c., wall tiling, mirror, lino flooring, emergency pull cord, upvc double glazed window.
Communal Lounge - Communal Kitchen - Laundry - Outside - Rear Of The Property - Communal Gardens - To front and rear with lawns, shrubs, paved seating to rear.
Tenure - The property is held on a LEASEHOLD tenure over a 99 year term from 19th March, 2020 with 92 years remaining.
We are advised that the current maintenance charge per month is £256.00 and Ground Rent of £150.00 per annum. Council Tax Band - Is 'D' as obtained from
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 Maes Berllan, Llandudno
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