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£105,000

Flat, Greenfield Road, Colwyn Bay, LL29

  • 1 bed
Flat

£105,000

  • 1 bed
Flat
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Estimate monthly mortgage payment:

£479 per month

Minimum deposit amount:

£5,250
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A beautiful converted Georgian House split into 4 good sized apartments

Ideal for Short Term Holiday, Leisure and Corporate Lets

Apt 1 is a first floor apartment

Apartment size 45.2 sqm

5 minute walk from the 3 mile Beach and promenade

2 minute walk from bars, shops and restaurants

An exceptionally low entry opportunity

Has recently achieved fantastic returns

Predicted NET returns of 12% on FHL model, circa £13,000 per annum

Fully Furnished

24 Greenfield Road, Colwyn Bay is a converted Georgian House split into 4 good sized apartments. Apartment 1 was refurbished in May and is now being advertised on the holiday and short term let market, where it has achieved fantastic returns in the last 3 months. This is an active and ready, fully furnished Holiday Let with history and massive potential in a very popular resort. For the new owner this is a totally hands off, fully managed investment. The property is situated just a 4-5 minute walk from the 3 mile Beach and promenade and just a 2 minute walk from the bars, shops and restaurants of the area. This is an exceptionally low entry opportunity to invest in an apartment that is perfect for the holiday let market but will also give you a great return on the standard let market if you prefer smaller returns but longer term guarantees. Flat 1 is a first floor apartment at a size of 45.2 sqm.

Tenure: Leasehold
Ground Rent: £95 per year
Service Charge: £657 per year
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Stamp Duty tax
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£0
Mortgage and legal costs:
£999
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