Property Description
Data accuracy has been partially verified for this property. More info on modelled data points below.
Our analysis
Welcome to 2 Graig Owen Lon Fain, Llanfair Pwllgwyngyll, a cozy and compact terraced type home with 2 bed in the LL61 6YG area. This lovely residence, which comes with the freedom and stability of a freehold ownership, and sits comfortably in tax band .
This classic property was built
The local area is known for its high value-to-quality ratio -
with a market valuation of £175,500 and a rental potential of £1,141 per month,
,
it represents not just a residence but a worthwhile investment in a sought-after area.
You can discover more about this property by reading the Mouseprice attributes tables in the next section, or if you are the owner and would like to update this property, for example if you've built an extension, you can do so at the top of this page.
Additional analysis
In addition to our own current description, this property has received a tailor-made description dated to Aug 9, 2014. It's possible the property has changed since then,
but we are dedicated to giving you everything you need to make smart property decisions. Here's a snippet, and if you'd like to view the full thing, just click to expand.
"This 2 bedroom semi detached cottage is located in a quiet village setting. It has a large garden with views towards the Snowdonia Mountains. A character property like this does not come on to the market often. With its location close to the fantastic Newborough forest and beach with its breathtaking views, sand dunes and excellent walks, you need to view this property first hand to appreciate what is on offer. Within the village is a good primary school and local bus services. This property is an ideal starter home, or if you are looking for a project with potential for an expanding family.
The large back garden gives an abundance of privacy and security with peace of mind knowing that children will be safe to play. The potential for expansion and space available so it does not encroach on the garden, makes a really sound investment opportunity. The development in the area shows that this village is seen as a thriving hub with good road access to shops and restaurants.
On the ground floor this property consists of an entrance hall, kitchen, lounge diner and rear porch. Stairs lead up to the first floor with 2 double bedrooms and a bathroom.
This home includes:
- Lounge Diner - Approx. 5.05 m x 3.05 m
(15.4 sqm) - 16' 6" x 10' (165 sqft)
A good size room with beamed ceiling and double glazed window overlooking the patio area and views of the rear garden. This room has enough space to house both a dining table and lounge furniture without impacting either area. The solid fuel burner makes a lovely centre piece and gives character to the property.
- Kitchen - Approx. 3.17 m x 3.1 m
(9.8 sqm) - 10' 4" x 10' 2" (105 sqft)
This good sized room has a modern kitchen installed and an abundance of units for storage and worktop space for food preparation. The front double glazed window looks out onto the front of the house. There is also an open pantry within the kitchen area for additional requirements.
- Bedroom
(Double) - Approx. 4.49 m x 2.21 m
(9.9 sqm) - 14' 8" x 7' 3" (106 sqft)
The master bedroom has views over the back garden. Its is a good size with a comfortable amount of room to hold a double bed and furniture to accompany.
- Bedroom - Approx. 3.81 m x 2.5 m
(9.5 sqm) - 12' 6" x 8' 2" (102 sqft)
This second bedroom has lots of room and will easily house a double bed. It has a double glazed window overlooking the front of the house.
- Bathroom - Approx. 2.82 m x 2 m
(5.6 sqm) - 9' 3" x 6' 6" (60 sqft)
The bathroom has lots of space within it. It has a large shower, WC and hand wash basin. The natural light from the double glazed window gives the room a warm feel.
RENT NOW, BUY LATER
- This property is available on our exclusive 'Rent Now Buy Later' Scheme.
- You can move in to this property now and buy at any time in the next 10 years.
- Your 'normal' rent is ?425 (FIXED for FIVE YEARS) plus you would 'save' ?210 per month towards your future deposit, giving a total monthly cost of ?635.
- You can buy this property at a FIXED PURCHASE PRICE of ?120,000 any time in the first five years.
- Your deposit fund (including any initial RNBL deposit paid) will be held in a secure ALRA insured trust account, and will grow to ?12,600 after five years. This would enable you to apply for a mortgage from any Bank or Building Society in order to purchase the property.
- If you choose not to buy the property after five years, then you will automatically get another five years (i.e. you have ten years in total) during which to buy.
- The price you would pay in years 6 to 10 would increase by just half of any increase in local property values, as measured by the UK Land Registry.
- So for example, if local house prices increased by 20% between years 6 and 10, then your purchase price would be increased by just 10%, giving you a potential instant 10% profit on purchase.
Your rent is fixed for the first five years, then would increase by 5% per annum from year 6 onwards, as set out below:
Year 1 - Monthly Rent ?425
Year 2 - Monthly Rent ?425
Year 3 - Monthly Rent ?425
Year 4 - Monthly Rent ?425
Year 5 - Monthly Rent ?425
Year 6 - Monthly Rent ?446
Year 7 - Monthly Rent ?468
Year 8 - Monthly Rent ?491
Year 9 - Monthly Rent ?516
Year 10 - Monthly Rent ?542
- You can end your tenancy in the normal way and 'walk away' at any time with no additional cost, if you believe it is in your interests to do so.
- You can also sell the house at any time within the term of the agreement and if house prices have risen you may be able to make an instant profit without even taking out a mortgage.
Please Note: No deposit/bond is required, providing you can provide a suitable Guarantor.
Otherwise a deposit/bond of ?425 will be needed for this property.
This property is offered under our Ewenique 'Rent Now Buy Later' scheme, and therefore all deposit monies would be paid into and form part of your RNBL trust fund.
An additional fee of ?350 applies for the preparation of your RNBL legal agreements.
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232 sqm plot
