Land · LL57 1NP
For saleListed 258 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
With material development having commenced and written consent received confirmed that this development has secured the planning being originally granted in July 2010 [application number C08A/0189/11/LL] for the erection of 11 flats.
The consent has been granted subject to a 106 agreement that 5 of the apartments need to be occupied by a “local resident” and with a condition that the sewer running under the site needs to be relocated, this is reflected in the price.
Material Information Since September 2024 Gwynedd Council have introduced an Article 4 directive so, if you're planning to use this property as a holiday home or for holiday lettings, you may need to apply for planning permission to change its use.
(Note: Currently, this is for Gwynedd Council area only)
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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
Agent & docs
FAQ
About High Street, Bangor, Gwynedd, LL57
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