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6 bed Detached property

Available

For Sale

Listed Jul 16, 2025

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£450,000

Available

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Description

"HOME WITH AN INCOME OR EXCELLENT INVESTMENT OPPORTUNITY, CURRENTLY PRODUCING AN INCOME OF £30,000 BASED ON 5 LETTING UNITS, BUT WITH THE POTENTIAL TO INCREASE THIS TO £38,000 IF FULLY LET.

A substantial detached property which was converted into 6 self contained flats in 1989, over 35 years ago. The property is registered with Conwy County Borough Council as a House of Multiple Occupation and is licensened under Rent Smart Wales.

The current owner lets 5 one bedroom units, 3 x £500 pcm & 2 x £506 pcm, all on Occupational Contracts and keeps a larger ground floor, one bedroom flat for his familys use, however, they estimate this unit would let for around £700 pcm.

In addition there is a small studio unit which is not let, but does have potential if extended to provide another unit.

The property is located in the centre of the town, has a rear garden and parking facilities, plus a detached garage.

For more information search Conwy County Borough Council for Houses of Multiple Occupation HMO and the Licencing Authority Rent Smart Wales.

MATERIAL FACTS
In compliance with the Unfair Trading Regulations 2008

1. LEASEHOLD Land Registry Title No CYM582854. 2000 years from 30 November 1896. Fixed Ground Rent £14 per annum. 2. COUNCIL TAX BAND awaiting Conwy County Borough Council.
3. All mains services are connected.
4. Flood Risk Seas, Rivers & Surface Water Very Low Risk.
5. Estimated Broadband Speed Standard, Superfast & Ultrafast.
6. Mobile Coverage EE, Three, Vodafone & O2 Limited.
7. EPC Flats 2, 3 & 4 are rated D, Flats 5 & 6 are rated E, all are valid until 22 December 2034.

NOTE Spray foam has been installed to the underside of the roof.

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