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See how verdicts work2-bedroom flat · LL55 1TA
For saleReduced £22k (−20%) on 26 OctListed 214 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A Spacious 2 bedroom Apartment for the over 50’s. Centrally located in the historic town of Caernarfon. Security Entry System, Communal Facilities, Private Off Road Parking.
If you are over 50 and seeking a spacious and comfortable, centrally located apartment in the bustling historic town of Caernarfon, we would highly recommend that that you view this most attractive first floor residence.
The dwelling has the advantage of a communal lounge and laundry room, a security entry system and lifts to all floors.
Private off-road parking, on a first come, first served basis is also available to all residents.
The well-proportioned accommodation, which benefits from double glazing and Economy 7 night storage heating, includes an Entrance Hall, a sizeable Lounge, a spacious Fitted Kitchen/Diner together with 2 Bedrooms and Bathroom; all set across two floors.
The vendor has informed us that there is 125 years left to run on the existing lease from 1993 (your solicitor should confirm this), a ground rent of approx.
£96 per annum and a service charge that amounts to approx. £4,749 per annum.
The complex is conveniently located close to the centre of Caernarfon, offering a wide range of shops, services and recreational facilities, ensuring that your essential needs are well catered for.
With its excellent surrounding road network, the town is well placed for the many coastal and rural attractions to found in this part of North Wales.
If you want to go slightly further afield the university town of Bangor is only a few miles away, offering a first-rate intercity train service and access to the A55, allowing rapid westbound commuting throughout Anglesey or eastbound towards Chester, Liverpool and Manchester, ultimately linking up with the UK motorway system.
Entrance Hall 1.85m x 3.08m max. dimensions Kitchen 4.7m x 2.2m Living Room 4.67m x 4.34m max. dimensions First Floor Landing Bedroom 1 3.93m x 2.98m max.
dimensions L-shaped Bedroom 2 4.73m x 4.01m max. dimensions Bathroom 2.59m x 1.82m max. dimensions Council Tax The property is council tax band B.
Services We are informed by the seller this property benefits from Mains Water, Electricity and Drainage.
Ofcom checker suggests broadband/fibre is available, and outdoor mobile coverage is likely. Heating Economy 7 night storage heating.
The agent has tested no services, appliances or central heating system (if any). Tenure We have been informed the tenure is leasehold on a 125 year lease from 1993.
Vacant possession upon completion of sale. Vendor’s solicitors should confirm title.
Annual Service Charge: £4,749.00 Annual Ground Rent: £96.00 (The above figures have been provided by the vendor) Disclaimer Dafydd Hardy Estate Agents Limited, for themselves and the vendor, give notice that: (1) These particulars do not constitute any part of an offer or contract.
(2) All statements are made without responsibility on the part of the agent or vendor. (3) No statement is to be relied upon as a representation of fact.
(4) Any intending purchaser must satisfy themselves by inspection or otherwise as to the correctness of each statement.
(5) Neither the vendor nor the agent, nor any person in their employment, has authority to make or give any representation or warranty in relation to this property.
(6) While floorplan accuracy is intended, measurements are approximate and no responsibility is taken for any error or omission. Plans are for illustrative purposes only.
(7) Services and appliances have not been tested and no guarantee as to their operability is given.
(8) All media, including photography and video, remain the property of the agent and must not be redistributed without (truncated)
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
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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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FAQ
About Turkey Shore, Caernarfon, Gwynedd, LL55
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