Modern Method of Auction
Auction date not yet published
2 × 2-bed flat · SA43 1BZ
Sold STCListed 103 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
INVESTMENT OPPORTUNITY 2 X SELF CONTAINED 2 BEDROOM APARTMENTS/FLATS.
An excellent opportunity to acquire a freehold investment which comprise of two 2 bedroom flats situated within a convinient position in Cardigan town centre.
Both properties are well presented offering a communial entrance, low maintenance rear yard and two bedrooms each.
Flats 1 & 2 are currently tenanted however has a potential rental income of between £600-£700 per Flat per calender month.
Viewing is highly advised as this is an excellent opportunity not to be missed! Please contact the Cardigan office to arrange a viewing. This property is for sale by the Modern Method of Auction.
Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor.
This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee.
This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property.
The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding.
A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you.
Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you..........
Accommodation Enter via frosted front door to: Communal Entrance Hall Worcester gas fired boiler servicing flat 1 only.
Storage space, opening to: Inner Hall Stairs rising to flat 1 and 2. External door leading to the rear yard.
Flat One Accommodation Enter via front door: Hallway Radiator, doors opening to: Kitchen Fitted wall and base units with work tops over, single drainer sink unit, electric oven and 4 ring hob with extractor over.
Plumbing for washing machine, space for white goods, double glazed window, wood flooring, built in airing cupboard with shelving.
Living Room Sash bay window to the front, wood flooring, open fire set in attractive surround, radiator. Bedroom One Sash bay window to the front, wood flooring, radiator.
Bedroom Two Double glaze window to the front, radiator. Bathroom Bath with shower over; pedestal wash hand basin, radiator, part tiled walls, frosted window.
Cloakroom Wash hand basin, WC, frosted window.
Flat Two Accommodation Landing Features carpeted flooring and a front-facing double-glazed window with doors to:- Living Room Carpeted flooring with front-facing double-glazed windows providing plenty of natural light.
Bedroom Two Features carpeted flooring and a front-facing double-glazed window. Bedroom One Carpeted flooring , double glazed front facing window.
Kitchen Comprising a range of base units with worktops over, sink unit, tiled splashbacks, space for white goods and a side-facing double-glazed window.
Bathroom Fitted with a shower cubicle and electric shower, WC, and wash hand basin. Finished with a combination of carpeted and tiled flooring.
Externally To the rear of the flats is a shared yard which is accessed via the main hallway.
Services We are advised that the property benefits from maisn water , mains electricity , mains sewerage. Heating is electric.
Please Note A very small part of the building is flying freehold please complete your own enquires with lenders etc.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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 advisors before making any investment decisions.
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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
Agent & docs
FAQ
About Priory Street, Aberteifi, Priory Street, Cardigan, SA43
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