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Banwell Court, Banwell Street... 12 bed block of apartments for sale
Banwell Court, Banwell Street, Treforys, Abertawe, Swansea, SA6 7BU
£275,000
Banwell Court, Banwell Street, Treforys, Abertawe, Swansea, SA6 7BU
£275,000
Our Summary
- FOR SALE BY AUCTION - -Lot 84 - Residential InvestmentONLINE AUCTION from 20th MAY - 22nd MAY 2025Introducing Banwell court a block of 6 x 2-bedroom flats situated in the area of Morriston, Swansea
- Each flat offers a comfortable and inviting living space for those seeking a long-term rental and is a perfect investment opportunity
- The site also offers further scope for a larger development of flats in the future (STPP)
Description
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Here is a summary of the property description in a single paragraph:
For sale by auction, Lot 84 is a block of 6 two-bedroom flats in Morriston, Swansea, offering a comfortable and inviting living space for long-term rentals. Each flat boasts a modern design with a spacious layout, perfect for individuals or small families. The property is situated in a quiet residential area, close to local amenities, shops, restaurants, and transport links, with a council tax band of A. The flats are currently let at £750pcm per flat, generating a total income of £54,000 and an exceptional yield of 18%. The property is leasehold for 50 years remaining, with the option to purchase the freehold for the 6 flats. The site also offers potential for further development of flats in the future, subject to planning permission. With easy access to the city centre, major employers, and amenities, this property presents a great investment opportunity.