Property for saleMostyn Road, Colwyn Bay
Sold STC £165,000
- 3 Self-contained Flats
- 1/2 Bedrooms
- Conveninent Location
- Council Tax - Band B
- EPC 'D'
A substantial three-storey semi-detached house situated close to Colwyn Bay centre and operating under Licence (renewal April 2017) as a House in Multiple Occupation with three self-contained flats comprising one 1-bedroom ground floor flat with garden and two 2-bedroom flats, all accessed from a central stairwell.
The flats are in need of some enhancement but are generally considered to be of good size, capable of producing a rental income of £1,325 per calendar month (£15,900 per annum), two of which are let to long term tenants on standard Tenancy Agreements, with the third flat currently vacant.
Off-road parking is available to the front of the property and there is good access to all local shops, schools and transportation links. A substantial investment property with good potential to increase income.
Location - Occupying a prominent position on Mostyn Road, Colwyn Bay close to all amenities and convenient for the beach and foreshore. A good selection of shops and services are located nearby, together with road and rail transportation links and bus services. There is good letting potential from within the local area.
Description - Constructed in the late-Victorian period from brick and part rendered elevations beneath a slated roof, the property currently provides three self-contained flats with a shared access door from car parking facilities at the front. The ground and first floor flats are occupied and the second floor flat is currently vacant awaiting refurbishment.
Accommodation - The accommodation provided to the property comprises the following:
Flat 1 (Ground Floor) - Lounge - 5.78m x 4.62m into bay window. Gas fire.
Bedroom - 4.21m x 2.97m. Bay window to side and rear window.
Bathroom - 2.42m x 2.26m. WC, wash hand basin and bath.
Dining Room - 2.96 x 2.34. Box window to side.
Kitchen - 3.99m x 1.94m. Base and wall storage units.
Shed - 3.51m x 2.50m with WC/Coal shed.
Cellar - 3.90m x 3.14m and 7.49m x 2.01m.
Flat 2 (First Floor) - Lounge - 4.87m x 4.28m with bay window.
Kitchen - 3.19m x 2.12m with base and wall storage units.
Bedroom 1 - 3.93m x 2.99m with side aspect window.
Bathroom - 2.84m x 1.53m with WC, shower and wash hand basin.
Bedroom 2 - 4.62m x 4.07m with fire escape.
Flat 3 (Second Floor) - Kitchen - 3.33m x 2.10m with base storage units and boiler.
Lounge - 4.90m x 4.28m with fire and front aspect.
Bedroom 1 - 4.26m x 4.22m double bedroom to side.
Bathroom - 2.90 x 2.81m with bath, WC and wash hand basin.
Bedroom 2 - 4.35m x 3.74m
Tenure - The property is understood to be held Freehold as an investment and is currently subject to two Assured Shorthold Tenancies comprising Ground Floor Flat with garden and outbuildings let at £424 per calendar month and First Floor Flat comprising two bedrooms currently let out at a rent of £450 per calendar month. The Second Floor Flat is currently vacant.
Hmo Registration - Our enquiries with Conwy County Council Housing Department indicate that the property has a Licence to operate as a House in Multiple Occupation until April 2017, after which there is a requirement to renew the Registration in accordance with council policy.
Services - We understand that mains services are currently connected to the individual flats, we are however unable to give any warranty regarding their condition or capacity but have been advised by the owner that, to his knowledge, there are no outstanding matters. Gas Certificates are available for inspection at the Agent's office or by email if required.
Council Tax Band - The valuation office website advises that the Council Tax is Band 'B'
Plans & Particulars - These have been carefully prepared and are believed to be correct, but interested parties must satisfy themselves as to the correctness of the statements within them. No person in the employment of Jones Peckover, the Agents, has any authority to make or give any representation or warranty whatsoever in relation to this property, and these particulars do not constitute an offer or contract. Certain boundary lines may not accord with those identified on the plans accompanying this brochure and some internal divisions may have been removed since the Ordnance Survey compiled the relevant Map Editions.
Easements & Rights Of Way - The property is sold subject to all rights, including rights of way whether public or private, light support, drainage, water and all existing wayleaves for masts, pylons, stays, cables, drains, water, gas and electricity supplies; and other rights and obligations; quasi-easements and restrictive covenants; and all existing wayleaves for masts, pylons, stays, cables, wires, drains, water, gas and other pipes whether referred to in these particulars or not. The property is conveyed subject to all matters revealed in the title accompanying the contracts of sale.
Directions - From the Abergele office proceed along the A55 to the Colwyn Bay turn off. On leaving the exit slip road turn right at the traffic lights and pass the railway station on the right hand side. Continue for approximately 500 meters and Mostyn Road will be found on the left hand side with number 20 a short distance on the left identified by means of our For Sale board.
Viewing - By arrangement with the Agents, Jones Peckover, 61 Market Street, Abergele, Conwy LL22 7AF. Tel: 01745 832240. Fax: 01745 827190. E-mail: firstname.lastname@example.org Website: www.jonespeckover.com
Important Notice - None of the services, fittings or appliances (if any) heating installations, plumbing or electrical systems have been tested and no warranty is given as to their working ability. Interested parties should satisfy themselves as to the condition and adequacy of all such services and or installations prior to committing themselves to a purchase.
Misrepesentation Act - Messrs Jones Peckover for themselves and for the vendors or lessors of the property whose agents they are, give notice that:-
1. The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute part of an offer or contract.
2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them.
3. No person in the employment of Messrs Jones Peckover has the authority to make or give any representation or warranty whatever in relation to this property.
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