Regent Flats, 51-53 Market Street, Abergele, LL22

Elwy is delighted to offer for sale this fantastic first-floor apartment, ideally located in the heart of Abergele. Situated on the bustling High Street, the property benefits from immediate access to local amenities including shops, cafés, bars, and restaurants. Excellent transport links are close by, and both the beach and Abergele Park are within comfortable walking distance, making this an ideal home or investment.

Offered with no onward chain, this apartment is perfect for investors or anyone seeking a secure and conveniently located bolt-hole. The interior features a calm and contemporary décor, with fresh white walls and modern laminate flooring throughout. The spacious double bedroom offers a peaceful retreat, while the contemporary bathroom is fitted with a freestanding bath, striking tiles, a pedestal sink, and low-level WC - creating a stylish space to relax and unwind.

The highlight of the apartment is the generously sized reception room, which is flooded with natural light from three original sash windows. This bright and airy space has been cleverly designed to accommodate a fitted kitchen, dining area, and living space, making it ideal for both everyday living and entertaining.

Externally, a shared communal yard provides bin storage and a washing line, while a private metal shed which offers additional secure storage, perfect for bicycles. The small landing outside the apartment also presents an opportunity to create a charming potted garden, adding a personal touch of greenery to the entrance.

The property is leasehold, with a 999-year lease granted from 1st September 2006. A ground rent of £150 per annum is payable and reviewed each year on 1st September. The current annual service charge is £300, which includes building insurance and maintenance of the fire alarm system.

With an estimated rental income of £700 per calendar month, this property offers a potential gross yield of approximately 12%, making it a highly attractive proposition for investors.

Parking is available locally at Water Street Car Park (a short walk from the property)

Tenure: LEASEHOLD. NO CHAIN.

EPC Rating: D

Council Tax Band: A

Entrance

Access to a shared communal yard is provided via a secure locking gate. Metal fire escape stairs ascend to the first floor, providing access to Flat 3.

Hallway - 0.91 x 5.08 m (2′12″ x 16′8″ ft)

A uPVC door opens into a light and bright entrance hallway, enhanced by an original sash window allowing natural light to flow in. Modern glass-panelled doors lead off to the rooms. The hallway features contemporary laminate flooring, a radiator and power points.

Living Room/Kitchen - 4.05 x 4.99 m (13′3″ x 16′4″ ft)

Flooded with natural light thanks to three original sash windows offering front and side elevation views, this open-plan living space is cleverly designed to accommodate a kitchen, dining, and entertaining area. The modern kitchen is neatly positioned against the wall and features sleek white wall, base, and drawer units with a contrasting work surface over. An inset stainless steel sink with mono mixer tap is complemented by a classic metro tile splashback. Appliances include a four-ring gas hob, Cooke & Lewis electric oven and an integrated fridge, The space is finished with modern laminate flooring, inset ceiling spotlights, a radiator, multiple power points and a TV connection.

Bedroom - 3.57 x 2.45 m (11′9″ x 8′0″ ft)

A well-proportioned double bedroom featuring an original sash window that allows for plenty of natural light. The room is finished with modern laminate flooring, inset ceiling spotlights, a radiator and multiple power points.

Bathroom - 1.56 x 2.46 m (5′1″ x 8′1″ ft)

A contemporary bathroom, beautifully styled and filled with natural light thanks to an original sash window. The suite includes a freestanding bath with a mixer shower head, a pedestal sink, and a low-level flush WC. Stylish tiled walls are complemented by a coordinating tiled floor. Additional features include a chrome towel radiator, LED-lit bathroom mirror, inset ceiling spotlights, and a wall-mounted Main Eco Compact combi boiler (installed April 2024). A calm and inviting space - perfect for relaxing.

External

Externally, there is a shared communal yard used for bin storage and a washing line. A handy metal shed - privately owned by Flat 3 - offers secure storage, ideal for bicycles. Additionally, the small landing area outside the flat, along with the handrail, provides an opportunity to create a charming potted garden, adding a touch of colour and personalisation to the entrance.

Lease Details

A 999-year lease was granted on 1st September 2006. A ground rent of £150 per annum is payable, with reviews taking place on 1st September each year. The current service charge is £300 annually, which covers buildings insurance and maintenance of the fire alarm system.

Agent Note

Services & Appliances: Unless stated, it is believed the property is connected to mains gas, electric, water and sewerage. We recommend you confirm this prior to any offer being considered. Please note that no appliances or fixtures are tested by the agent.