2-bedroom flat · LL30 1AD
For saleReduced £5k (−3.5%) on 31 MayListed 229 days
Opportunity summary
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About
THIS IS A SPACIOUS 2 BEDROOM 2 BATHROOM FIRST FLOOR SELF CONTAINED CONVERTED APARTMENT IN THE HEART OF LLANDUDNO WITHIN SECONDS OF MOSTYN STREET, PARC LLANDUDNO WITH THE NEW MARKS AND SPENCER STORE AND 300 YARDS OF THE PROMENADE.
The accommodation briefly comprises:- front door to shared hall; lift and staircase to the first floor; self contained door to Apartment 2; hall; open plan lounge/kitchen/diner; principle bedroom with recently fitted en-suite 3 piece shower room; good sized second bedroom and a recently fitted 3 piece bathroom.
The property features electric heating. Outside there is access from Garage Street at the rear to an open plan garage with an allocated parking space for flat 2.
We understand the property is held on Leasehold tenure over a 125 year term from November 2005 and an annual service charge of £1800 to £2000 which includes the ground rent.
THE FLAT IS IN A GRADE II LISTED BUILDING AS WE ARE UNABLE TO TEST THE SERVICES AT THE PROPERTY WE CANNOT COMMENT ON THE WORKING STATUS OF THE HEATING AND ANY APPLIANCE.
The Accommodation Comprises:- - Front door to shared entrance.
Staircase And Lift To First Floor - Self Contained Door To Apartment 2 - Hall - Convector heater, laminate floor, airing cupboard with cylinder tank.
Lounge/Dining/Kitchen - 5.30m x 5.02m (17'4" x 16'5") - Range of base, wall and drawer units with round edge worktops, stainless steel 1½ bowl sink unit, built in oven, 4 ring ceramic hob, cooker hood, built in washing machine, fridge and freezer, laminated floor, secondary glazed windows, Economy 7 heating, security entry phone.
View From The Lounge - Bedroom 1 - 4.77m x 3.73m (15'7" x 12'2") - Economy 7 heating and convector heater, secondary glazed window, laminate flooring.
Tiled En-Suite 3 Piece Shower Room - Bedroom 2 - 3.44m x 2.82m (11'3" x 9'3") - Convector heater, secondary glazed window, laminate flooring.
Tiled 3 Piece Bathroom - Outside - There is a parking space in a secure garage under the building. Tenure - The property is held on a LEASEHOLD tenure over a 125 year lease from Nov 2005.
Service Charge - The service charge is between £1800 and £2000 per annum which includes ground rent. (This should be clarified by your solicitor.) Council Tax - Is 'C' as obtained from
Value & comps
No previous sales on record.
Returns
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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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About Vaughan Street, Llandudno
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