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6 bedroom detached house for sale
Abbey Road, Llandudno, Conwy, LL30
£450,000
Abbey Road, Llandudno, Conwy, LL30
£450,000
Our Summary
- HOME WITH AN INCOME OR EXCELLENT INVESTMENT OPPURTUNITY, 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
- INVESTMENT OPPORTUNITY POTENTIAL INCOME £38,000
Description
This substantial detached property, converted into 6 self-contained flats in 1989, offers a lucrative income opportunity with potential to increase from £30,000 to £38,000 if fully let. The property is licensed under Rent Smart Wales and currently generates income from 5 one-bedroom units, with the potential to add another unit in the small studio space. Located in the town center, the property features a rear garden, parking facilities, and a detached garage. The property is leasehold, with a 2000-year lease from 1896 and a fixed ground rent of £14 per annum. The property is connected to all mains services and has a Very Low Risk of flooding. The EPC ratings for the flats range from D to E, and mobile coverage is limited. With the potential to increase income and a prime location, this property presents an excellent investment opportunity.