Modern Method of Auction
Auction date not yet published
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 · LL30 1AB
No longer listedListed 779 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary ***cash buyers only*** Pattinson Action are pleased to market for sale a first floor apartment in an iconic Grade 2 listed building in the heart of Llandudno - Queen of Welsh resorts!
Perfectly situated and close to all local amenities, shops, train station and just a short walk from the famous Pier, beach and promenade.
The apartment enjoys views towards the Snowdonia Range and Orme, and comprises an open plan living room with kitchen which has a raised seating area in the bay window to maximise the views, a double bedroom and modern bathroom.
The property benefits from electric heating, hot water is supplied via a hot water cylinder, and the windows are uPVC.
Property is sold with leasehold tenure, a 999 year term was granted in April 1975. Ground rent payable of 1 per annum.
An annual maintenance/service fee is payable - this is 1,640 for the 2024/2024 period and is reviewed on the 1st April each year. This fee is payable to St.
David's Commercial who operate as building managers. We have been advised the replacement windows to the building are not replicas of the originals.
Buyers should make their own enquires prior to placing a bid on this matter.
Council Tax Band: A Tenure: Leasehold Length of Lease: 950 Annual Ground Rent Amount: 1.00 Annual Service Charge Amount: 1,640.00 Communal Entrance Communal Entrance Enter Clifton House via a shared hard wood door off Vaughan Street.
Original floor tiles and decorative features in the communal hallway, stairs to the first floor: Entrance Entrance (0.97 x 2.34 m - 32 x 78 ft) Hard wood door opening into inner hallway.
Obscured glazed window.
Double doors opening into: Open Plan Living Room/Kitchen (5.59 max x 6.07 max m - 184 x 1911 ft) uPVC bay window to the front with a raised seating area with views across the town and further to the Orme and Snowdonia.
Laminate floor. Wall mounted electric fire. Power points and TV connection. Fitted range of kitchen wall and base units with worktop over. Stainless steel circular sink with mixer tap.
Ieka electric oven with Indesit four ring electric hob and Candy extractor fan over. Breakfast bar with room for two bar stools. Cupboard housing hot water cylinder (economy 7) Power points.
UPVC window to the front of the property. Bedroom Bedroom (2.91 x 3.59 m - 97 x 119 ft) Two uPVC windows to the front of the property. Laminate floor. Power points. Wall mounted electric fire.
Bathroom Bathroom (1.68 x 2.10 m - 56 x 611 ft) Three piece bathroom suite comprising P shaped bath with Heat Store Aqua Plus electric shower over, pedestal sink and low level flush toilet. Mirror.
Bathroom cabinet. Fully tiled walls and floor. Loft access hatch. Auctioneers Additional Comments Pattinson Auction are referred to below as The Auctioneer.
This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure aml procedures are carried out in accordance with the law Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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.
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FAQ
About Flat 2 - 1, Vaughan Street, Llandudno
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