3-bedroom flat · LL53 7AE
Listing removedReduced £55k (−19%) on 12 AugListed 951 days
Opportunity summary
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About
A well presented 3 bedroom ground floor apartment lying in a small complex of purpose built apartments in a slightly elevated position to the rear of Abersoch Land and Sea Power Boat Yard, in a convenient location for walking into Abersoch Village and across the roadway from the boat yard there is easy access onto Harbour Beach.
The apartment enjoys fine views towards Cardigan Bay and the Outer Harbour with direct access onto an enclosed sloping communal garden.
The present vendor has maintained the property to a good standard and provides a spacious living room with a wide opening into a dining area.
The fitted kitchen has fitted base/wall cupboards and electrical appliances. Double glazed sliding patio doors onto the front walkway and gardens.
A bedroom lies off the dining area and a short staircase from the living area to two further bedrooms and a modern shower room suite.
Externally there is an allocated parking space for each apartment to the rear Tenure : The Freehold is held by Congl Feddw Residents Association Limited and a lease is given to each property owner, the term is 986 years from November 2011.
A service charge payable each year into the Management fund for covering insurance, on going maintenance and enhancements. We understand the fee for 2023/24 is £1,000 per apartment.
Article 4 direction – This stipulates that a property that is currently used for residential purposes (lived in as a permanent home) will need planning permission for use as either a second home or holiday let.
If the property is an existing second home or mixed use (Second Home/holiday let) then planning for change of use is not required.
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
Agent & docs
FAQ
About 4, Congl Feddw, Gwynedd
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