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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 ONLINE AUCTION - Lot 14- Residential Investment ONLINE AUCTION from 24th JUNE-26th JUNE Introducing 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
A block of six 2-bedroom flats, Banwell Court, is up for sale by online auction from June 24-26. Located in Morriston, Swansea, the flats offer a modern design with a spacious layout, perfect for individuals or small families. With a council tax band of A, the property provides great value for money for tenants, who are currently paying £750pcm per flat. The property is fully let, generating an exceptional yield of 18% or £54,000 per annum. The flats are leasehold, with 50 years remaining on the lease, and there is an opportunity to purchase the freehold for the six flats. The site also offers potential for further development, subject to planning permission. The property is situated in a quiet residential area, close to the city centre, local amenities, and major employers, with easy access to the M4 motorway.