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See how verdicts work1-bedroom flat · SA70 7HD
For saleListed 44 days
Opportunity summary
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About
A contemporary apartment located on Tenby's High Street. The apartment is at the basement level but benefits from natural light, thanks to light wells to the front and rear.
This property boasts a modern and stylish design, with quirky kitchen and dining areas in vaulted rooms off the living room. The apartment is accessed from the High Street, via a communal hallway.
On entering the apartment and heading down a carpeted staircase, there is a spacious reception room adjoining the kitchen and dining areas, with 1 bedroom and a shower room with modern walk-in shower.
One of the unique features of this apartment is the presence of a lightwell, and glass pavement lights above, allowing natural light throughout.
Additionally, the property benefits from Nuaire air recycling system ensuring ventilation and improved air quality.
Communal Entrance Enter the building off the high street through an original refurbished solid wood front door to inner lobby with solid bamboo floor, meter cupboard and electronically timed lighting.
Original part glazed inner lobby door to entrance hallway laid to carpet, with radiator. Apartment Entrance Enter the apartment door from the ground floor level and stairs lead down into the hallway.
The apartment has bamboo flooring running throughout and the hallway leads to the shower room, bedroom and open plan living area.
Lounge (4.4 x 3.4 (14'5" x 11'1")) The room has spotlighting, two Dimplex panel wall heaters, Nuaire air recycling system and wall lights.
Kitchen (2.9 x 2.3 (9'6" x 7'6")) Off the lounge is a fully fitted kitchen in a vaulted room, comprising a tiled floor with a range of units with ceramic hob and extractor over, electric oven, integrated fridge/freezer and slimline dishwasher.
LED strip lights light the room with an overhead spotlight and glass block pavement light giving natural light from above.
Dining Area (2 x 1.7 (6'6" x 5'6")) Dining area has space for bench style seating. There is an overhead spotlight and natural light from the glass block pavement light above.
Bedroom (4 x 2.5 (13'1" x 8'2")) A double bedroom with large sash window out to a rear lightwell, with feature fireplace and a Dimplex electric wall mounted heater.
Shower Room (4 x 1.9 (13'1" x 6'2")) The shower room has wash hand basin and WC, with a fully tiled walk-in shower to the rear.
There's a built in understairs storage cupboard with a heated towel rail, Dimplex panel heater, extractor fan and a window to rear light chamber.
Notes The property is owned on a leasehold basis (with a share of the freehold) with 999 years from 2018. There are no occupancy restrictions, and the apartment is currently a successful holiday let.
There is no regular service charge, as the 3 owners form the management company and share costs on an 'ad-hoc' basis. The 3 owners have a share of the freehold and manage maintenance.
Apt B is responsible for 25% of the cost.
Contributions for the previous 3 years which includes building insurance are: Previous contributions were: 2025 £2150 - included one-off cost for new windows (£1,650).
All windows replaced so this should not re-occur 2024 £532 2023 £327 This includes building insurance and 1 external building paint. Typically, this varies from £350 - £600 per annum.
We try and paint the exterior every 4 years to line up with the Tenby streetscape scheme which re-imburses 80% of cost.
2) Gross letting figures for calendar years: 2025 £25.5k 2024 £24.5k 2023 £26.5k The Pembrokeshire County Council Tax Band is D - approximately £2,204.45 for 2026/27.
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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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 Apt.B Lancaster Buildings, 40, High Street, Tenby
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