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See how verdicts work2-bedroom flat · SA45 9SB
For saleListed 250 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Attention 1st time buyers**Attention investors**Ideal coastal retreat**Short walk to the beach**Superb investment opportunity**Spacious 2 bed apartment in need of modernisation**Double glazing and electric central heating**Allocated parking**Communal garden area**Low running costs**Ideal weekend retreat/full time residency** Located within the coastal village of New Quay along the Cardigan Bay coastline at West Wales.
The property is located close to renowned sandy beaches.
Some 7 miles from the Georgian harbour town of Aberaeron with its comprehensive range of shopping and schooling facilities and an easy reach of the larger Marketing and Amenity centres of Aberystwyth, Cardigan and Lampeter.
Mains electricity, water and drainage. Council Tax Band B (Ceredigion County Council). Tenure - The property is of Leasehold Tenure.
General A leasehold property with the owners of each apartment having a share in the Freehold Company, therefore a 'virtual Freehold'. The service charge is approximately £1200 per annum.
Please note the Lease is currently being extended and any purchaser will be provided with a new 125 year leasehold agreement.
Of traditional construction, this apartment is on the first floor and is an ideal investment opportunity with scope for modernisation and refurbishment.
An enviable location with outstanding views over New Quay harbour and the Cardigan Bay coastline.
The accommodation provides more particularly as follows - Central Entrance Staircase Leading through to - Entrance Hallway 6' 5" x 5' 5" (1.96m x 1.65m) accessed via hardwood door, airing cupboard.
Access to loft. Bedroom 1 13' 3" x 7' 6" (4.04m x 2.29m) a double bedroom, window to rear, multiple sockets, heater, fitted cupboards. Bathroom 4' 7" x 9' 1" (1.40m x 2.77m) with panelled bath, w.c.
Single wash hand basin, front window, fully tiled walls.
Open Plan Kitchen/Dining/Lounge 11' 4" x 16' 9" (3.45m x 5.11m) with feature picture window to front overlooking New Quay harbour and Cardigan Bay, range of fitted base and wall units, tiled splash back, sink and drainer.
Space for electric oven, heater, tv point. Space for dining table. Seating area, multiple sockets, tv point.
Bedroom 2 13' 5" x 8' 9" (4.09m x 2.67m) a double bedroom, fitted cupboard, multiple sockets, heater. Externally The property benefits from an allocated parking space.
Footpath leading through to the front of the building with front communal lawn area. Service Charge £1,200 per annum including ground rent, building insurance and mains water bills.
Money Laundering The successful purchaser will be required to produce adequate identification to prove their identity within the terms of the Money Laundering Regulations.
Appropriate examples include: Passport/Photo Driving Licence and a recent Utility Bill. Proof of funds will also be required, or mortgage in principle papers if a mortgage is required.
Viewing Arrangements Viewing: Strictly by prior appointment only. Please contact our Aberaeron Office on or All properties are available to view on our Website – . Also on our facebook Page - .
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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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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.
Area
Agent & docs
FAQ
About Flat 10, Morfa Gwyn, New Quay
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