This property is no longer on the market
1 bedroom apartment
Key information
Property description & features
- Tenure: Leasehold
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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Property reference RS0199. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Residential Estates - Chester.
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Broadband availability and predicted speed: obtained from Ofcom on December 17, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 6, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on June 21, 2019 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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