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See how verdicts work2-bedroom flat · LL18 1HX
Listing removedListed 662 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An opportunity has arisen to purchase a spacious 2nd floor, two bedroom apartment within a traditionally built complex which was originally a hotel.
The apartment benefits by way of electric heating, double glazing, two spacious bedrooms one having an ensuite, large bathroom, open plan kitchen/lounge and secure allocated parking.
With the beach and promenade just across the road and the Marina Quay Retail Park within walking distance early viewing is highly recommended.
TIMBER ENTRANCE DOOR WITH BELL AND INTERCOM SYSTEM TO SIDE LEADS INTO: COMMUNAL ENTRANCE AREA: Having an original mosaic tiled floor and many other original heritage features, access to the lift and a further door with stairs leading down to the rear entrance, carpark and basement storage area.
SMALL INNER HALLWAY GIVING ACCESS TO APARTMENTS 7 & 8 With space for cloaks storage.
TIMBER ENTRANCE DOOR LEADS INTO: HALLWAY Having a built-in storage cupboard containing the hot water tank, electric consumer unit, electric heater and laminate flooring.
OPEN PLAN KITCHEN/LOUNGE - 8.36m (MAX) x 3.92m (MAX)(27'5" x 12'10") The lounge area has engineered oak flooring, uPVC double glazed window overlooking the side, electric wall heater and power points.
The kitchen area has a continuation of the oak flooring, two uPVC double glazed windows overlooking the side, a full range of cream high gloss units to include wall and base cupboards/drawers with a complimentary worktop surface over which extends around into a breakfast bar, tiled splash backs, stainless steel one and a quarter bowl sink with mixer tap over, integral fridge, freezer, washing machine and dishwasher, Built-in 'Dipomat' electric oven with electric hob over and stainless steel extractor fan and ample power points.
BEDROOM ONE - 4.49m x 3.28m (14'8" x 10'9") Having a uPVC double glazed window overlooking the side, laminate flooring, electric heater and power points.
BEDROOM TWO - 3.45m x 3.04m (MAX) (11'3" x 9'11") Having two UPC double glazed windows overlooking the rear, alcove shelving, power points, electric heater and access into ensuite.
ENSUITE - 2.4m x 1.25m (7'10" x 4'1") Having a ceramic tiled floor, fully tiled walls, built-in shower cubicle with mains shower over, low flush WC with concealed cistern, pedestal wash hand basin, extractor and stainless steel towel rail incorporating radiator.
BATHROOM - 4.5m (MAX) x 1.67m (14'9" x 5'5") Having a ceramic tiled floor, part tiled walls, uPVC frosted double glazed window overlooking the side, low flush WC with concealed cistern, pedestal wash hand basin, panelled bath with mains shower over and glass privacy screen and stainless steel towel rail incorporating radiator.
SERVICES: Mains electric and water are believed available or connected to the property. All services and appliances not tested by the Selling Agent.
DIRECTIONS: From the Rhyl Office proceed away from the Rhyl Office along Clwyd Street turning right onto Russell Road and left onto Church Street.
At the junction turn left on to the Promenade and continue for approximately one mile and the Palace Apartments can be seen on the left hand side just after Palace Avenue.
BASEMENT STORAGE AREA AND CARPARK A staircase leads down from the communal entrance hall and leads to a large basement storage area and gives access to the rear carpark, this can also be accessed via the lift.
AGENTS NOTES: Ground rent £150 Per Annum. Service Charges £995.58 x2 per year. Term of Lease 999 Years from 2006. The property benefits from a allocated parking spot within the gated parking facility.
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 Palace Apts, West Parade, Rhyl, Denbs LL18 1HX
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