Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £40,000.
Elwy are pleased to market for sale a well-presented one-bedroom retirement apartment, which is to be sold with a tenant in situ.
Located within the sought-after Rhoslan Park development, this second-floor retirement apartment offers a fantastic opportunity for those over 55 seeking comfortable, low-maintenance living in a friendly and secure community. The property is ideally positioned just a short walk from Colwyn Bay-s local amenities and scenic promenade.
The accommodation includes a welcoming entrance hallway with a generous storage cupboard, a spacious lounge and dining area that opens into a modern fitted kitchen with integrated appliances, a double bedroom with built-in wardrobes, and bathroom. The apartment benefits from uPVC double glazing and storage heaters.
Rhoslan Park features a secure communal entrance with both lift and stair access to all floors. Residents can enjoy a communal lounge and shared laundry facilities, along with the peace of mind provided by an on-site manager and 24-hour emergency pull cord assistance.
Outside, the development boasts beautifully maintained communal gardens and a private residents- car park, with the option to reserve a parking space for an additional fee.
This property is currently tenanted by a long-term occupant and is achieving a rental income of £480 per calendar month, offering an excellent return on investment.
It is being sold with the tenant in situ, providing an immediate rental yield for potential investors.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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