Just added
Guide price
£125,000
3 bed flat for saleOswald Road, Gwynedd LL31
3 beds
2 baths
2 receptions
EPC Rating: D
- Chain free
- Auction
- Freehold
Elwy Estates
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About this property
Double glazing
Shops and amenities nearby
Viewing Highly Recommended
Investment Property
No Chain
Gas Central Heating
Ground Floor Flat
First Floor Flat
Three Bedrooms
Walking distance to town centre
'Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £125,000.'
Elwy are pleased to market for sale a pair of self-contained flats with tenants in situ, located in the popular village of Llandudno Junction.
Conveniently positioned close to the A55, Llandudno Junction is a thriving and well-connected village offering easy access to a wide range of local amenities, transport links, and nearby coastal towns, making it a popular choice for both renters and owner-occupiers alike.
The property is arranged over three floors and comprises:
A one-bedroom ground floor flat, offering a living room, kitchen, bedroom and bathroom, together with the benefit of a private enclosed garden
A two-bedroom maisonette arranged over the first and second floors, comprising a living room, kitchen, bathroom and two bedrooms, with its own private entrance
Both properties are well maintained and are currently occupied by long-term, settled tenants with a strong rental payment history.
The properties are fully compliant with Renting Homes Wales (rhw) 2016, benefitting from occupation contracts, gas safety certification, electrical safety certification, hard-wired smoke alarms and carbon monoxide detectors.
The current rental income is:
Ground floor flat: £500 pcm
Maisonette: £700 pcm
Generating a combined annual income of £14,400, with scope for future review in line with market values. Based on the current income, the property offers an approximate yield in excess of 10%, making it an attractive investment opportunity.
Tenure: Freehold. No chain
EPC Rating: Flat 1a (D), Flat 1 (D)
Council Tax Band: A
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as The Auctioneer.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.
The advertised price is commonly referred to as a ‘Starting Bid- or ‘Guide Price-, and is accompanied by a ‘Reserve Price-. The ‘Reserve Price- is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price- / ‘Starting Bid-.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers- obligations and sellers- commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
Flat 1A - Ground Floor
Occupying the ground floor of the property, the flat is accessed to the rear of Oswald Road via St Margaret’s Road. A secure gate opens into a well-maintained courtyard and garden area, leading to the main entrance door.
Entrance Hallway (2.46m x 1.90m)
UPVC entrance door opens into a spacious hallway with tiled flooring, radiator, and power points, complemented by a handy under-stairs storage cupboard with louvre door.
Kitchen (2.55m x 2.36m)
Fitted with a range of wall, base and drawer units with work surfaces over, incorporating a stainless steel sink and drainer with mixer tap. Tiled splashbacks and tiled flooring. There is plumbing and space for a washing machine, along with space for a freestanding cooker and fridge, and ample power points. A uPVC window is positioned over the sink and a wall-mounted Worcester 24i combi boiler completes the room.
Bathroom (2.46m x 1.99m)
Two obscured uPVC windows provide natural light. The bathroom is fitted with a panelled bath, pedestal wash hand basin and traditional flush WC, with a Triton T80 electric shower over the bath. Tiled walls and flooring complete the space, along with a radiator.
Living Room (3.31m x 3.42m)
UPVC window to the rear of the property, with radiator, power points and TV connection.
Bedroom (4.09m x 3.23m)
Double bedroom featuring a uPVC bay window to the front, radiator, power points and decorative plasterwork to the ceiling.
Garden
Enclosed garden area accessed via a timber gate. External security light.
Flat 1 - Maisonette
First and second floor maisonette arranged over two levels, with its own private entrance.
Entrance Hallway
A hardwood entrance door opens into the hallway, with tiled flooring, radiator and decorative plasterwork. Stairs rise to the first floor.
Bathroom (2.38m x 2.20m)
Modern bathroom fitted with a panelled bath and glass shower screen, with a thermostatic shower and rainfall shower head over. A vanity unit with storage incorporates the WC and wash hand basin. Finished with tiled walls and flooring, a heated towel radiator and an obscured uPVC window.
Kitchen (2.76m x 3.49m)
Fitted with a range of wall, base and drawer units with work surfaces over, incorporating an induction hob with Indesit extractor over and cooker splashback. Eye-level Logic oven. Composite sink and drainer with mixer tap. UPVC window. Wall-mounted Ideal Logic 30 combi boiler. Radiator, power points and tiled flooring. There is space for a fridge/freezer along with plumbing and space for a washing machine.
Living Room (3.31m x 4.37m)
UPVC window to the front of the property, with radiator, power points and TV connection.
Stairs/Landing
Stairs rise to the second floor, with a Velux skylight providing natural light.
Bedroom 1 (3.42m x 4.12m)
Double bedroom with uPVC window to the front, radiator and power points.
Bedroom 2 (3.33m x 2.52m)
Further bedroom with uPVC window to the rear, radiator and power points.
Agent Note
Services & Appliances: Unless stated, it is believed the property is connected to mains gas, electric, water and sewerage. We recommend you confirm this prior to any offer being considered. Please note that no appliances or fixtures are tested by the agent.
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