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 work1-bedroom flat · SA3 5LG
For saleReduced £5k (−3.2%) on 10 AugListed 110 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This beautifully renovated first-floor apartment with sea views across Swansea Bay and is ideally situated close to the popular village of Mumbles, renowned for its vibrant mix of independent shops, bars, restaurants, and its picturesque seafront promenade.
Formerly a local authority property, the flat is accessed via stairs and opens into a hallway with all rooms leading off.
The spacious open-plan layout includes a bright lounge, dining area, and a modern fitted kitchen, offering a comfortable and stylish living space.
The flat also benefits from a boarded loft with ladder access, ideal for storage.
The apartment also features a double bedroom with fully fitted walk in wardrobe and a contemporary bathroom, all finished to a high standard following recent renovation.
Externally, the property benefits from well-maintained communal gardens and the rare advantage of two allocated parking spaces.
Completely modernised and move-in ready, this property represents an excellent opportunity for first-time buyers or investors seeking a low-maintenance home in a desirable coastal location.
Entrance Hall Kitchen / Reception Room (7.16m max x 3.23m (23'6 max x 10'7)) Bedroom (4.01m x 2.95m (13'2 x 9'8)) Bathroom Parking We have been advised that there are 2 allocated parking spaces.
Tenure Leasehold 125 year lease with 102 years remaining. Annual Ground Rent: £10 Annual Service Charge: £112.53 Council Tax Band B Epc - C Services Mains gas, electric, water & drainage.
There is a water meter.
You are advised to refer to the Ofcom checker for information regarding mobile signal and broadband coverage, as, due to the property being vacant, we cannot confirm availability.
Additional Information Please note this property is ex-local authority.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
.png)
FAQ
About 28, Ilston Way, Swansea
Explore nearby