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See how verdicts work1-bedroom flat · CF33 4QB
Sold STCListed 40 daysAuction 8 Oct · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FOR SALE BY ONLINE AUCTION - Lot 70 - Apartment for Owner Occupier/Investment ONLINE AUCTION from 6th OCTOBER - 8th OCTOBER 2026 Situated on the established Redrow development being near the beaches of Porthcawl/Kenfig Nature Reserve this first floor purpose-built apartment benefits from communal garden area and an allocated parking space.
The flat provides an open plan lounge/kitchen/dining area with Juliette balcony, bedroom and bathroom. The property is to be sold with vacant possession.
We anticipate a rental of approximately £700 pcm inclusive of bills.
North Conelly village Facilities offers local convenience stores, a Post Office, a doctor's surgery, a pharmacy, local pubs, and takeaway.
Kenfig Nature Reserve is less than a mile away, featuring scenic sand dunes and walking trails.
The seaside resort and beaches of Porthcawl (including Rest Bay) are roughly 4 miles (a 10-minute drive) to the southwest.
The location provides quick access to the M4 motorway making it convenient for commuting to Bridgend (about 6 miles east) or Port Talbot First Floor Open plan lounge/kitchen/dining room, bedroom and bathroom Outside Communal garden area and allocated parking space.
Tenure: Advised Leashold - to be verified by solicitor Tenancies: To be sold with vacant possession
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
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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 53 Mill Meadow North Cornelly, North Cornelly, Bridgend, Mid Glamorgan, CF33 4QB
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