1-bedroom house · LL30 2SE
Sold STCListed 422 days
Opportunity summary
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About
THIS IS A BEAUTIFULLY PRESENTED SELF CONTAINED GROUND FLOOR ONE BEDROOM RETIREMENT FLAT, in a very popular RETIREMENT DEVELOPMENT (minimum 60 years of age for occupation) with all facilities for enjoyable living, such as Resident's lounge and laundry amenities.
Maintenance includes tending the landscaped garden and car parking. House Manager for emergencies. Ideal for a personal holiday home.
The property is held on Leasehold Tenure over a 120 year lease from 1986 NB THE PROPERTY IS OWNED BY A RELATIVE OF AN EMPLOYEE OF BRYAN DAVIES AND ASSOCIATES NO PETS, SUB-LETTING ALLOWED, NO HOLIDAY LETS 24 HOUR SECURITY SYSTEM THIS IS ON THE GROUND FLOOR FACING THE FRONT LOOKING TOWARDS THE GREAT ORME The Accommodation Comprises: - Reception Vestibule - With intercom to all flats and House Manager.
Reception Hall - Two automatic lifts to all floors, carpets hall, stairs and landings together with heating and lighting.
Residents Lounge - Furnished with small kitchenette en-suite for use by Residents. Laundry For Residents - Equipped with washers and dryers (funded through the service charge).
Ground Floor - Personal Door Into No. 17 - Entrance Hall - Wall light point, coving, airing cupboard with shelving and light, hot water tank.
Lounge - 4.28m x 3.24m (14'0" x 10'7") - Tv and telephone point, 3 wall light points, Economy 7 heater, upvc double glazed bay window with deep display sill looking to the lower slopes of the Great Orme, coving, wall mounted security intercom entry phone, emergency pull cord, fire surround with inset electric fire.
Arch Through To The: - Kitchen - 2.18m x 1.64m (7'1" x 5'4") - With modern cream fronted base, wall and drawer units with round edge worktops, inset single drainer sink unit, wall tiling, spotlights, electric cooker, space for fridge/freezer, coving.
Bedroom - 3 wall light points, coving, built in wardrobe with folding mirror doors, hanging rail and shelving, emergency pull cord, upvc double glazed window, electric storage heater.
3 Piece Wet Room - Suite comprising walk in shower with 'Mira' shower , wash hand basin, close couple wc, mirror, wall mounted electric heater, wall tiling, emergency pull cord.
Outside - Communal Gardens - Maintenance Charges - We are advised that the service charge payable half yearly is £1,154.16 plus the half year ground rent at £191.38 which includes building insurance, general maintenance of the building, use of laundry facilities, cleaning of all common parts, use of the residents lounge, tending of gardens, House Manager, water rates (complex on water meter) and window cleaning.
Ground rent is £382.76 per annum. Council Tax - Is 'B' s obtained from Tenure - Is LEASEHOLD over a 120 year lease from 1986.
Value & comps
No previous sales on record.
Returns
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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 Gloddaeth Avenue, Llandudno
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