8 Woodland Park, Colwyn Bay, Conwy, LL29 7DS
PU

8 Woodland Park, Colwyn Bay, Conwy, LL29 7DS

By Pugh and Company

£ 1

Reviews

2 out of 5 stars

Pugh and Company says ..

A freehold reversionary ground rent investment secured against a detached property which has been converted into three self contained flats. The individual flats have been sold off by way of long 999 year leases dated 1981 and currently no ground rent payment is being requested by the freeholder.

Property Oracle says ..

This property, located in Woodland Park, Colwyn Bay, presents a unique investment opportunity. The property appears to be a conversion of a larger dwelling into three self contained flats. Images show a substantial brick building with some exterior maintenance needed to bring this up to standard. The property’s location benefits from the proximity to schools, the local train station, and other amenities which can be assumed to be in walking distance. However, the lack of information regarding the interior condition, garden size, and crucially, the list price, makes a full analysis difficult. It is important to obtain a full survey and a further understanding of the financial aspect of this conversion to understand the value of this property. This is more likely to be an investment opportunity for a buyer who is experienced in this area of property. Given the uncertainty, caution is advised. The photos suggest that the exterior needs attention, and this would be a factor in assessing the overall value. Further information regarding ground rent income would be necessary to obtain a valuation.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
3
Condition
6
Location
7
Land
4
Bedrooms
0
Bathrooms
0
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Leaflet © OpenStreetMap contributors

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
191,146.00 £
Decreased by 22.24 %
from 245,823.00 £
Average area rental value
757.00 £/mo
Decreased by 10.84 %
from 849.00 £/mo
Est rental Yield
4.75 %
Increased by 14.73 %
from 4.14 %
Crime Rate
29.00 %
Unchanged by 0.00 %
from 29.00 %

Agent Activity

  • Pugh and Company created the listing.

Nearby Schools

NameTypeOfstedDistance
Rydal PenrhosWelsh Establishment0.58 KM
St Joseph'S R.C. Primary SchoolWelsh Establishment0.77 KM
Ysgol Pen Y BrynWelsh Establishment1.13 KM
Ysgol Bod AlawWelsh Establishment1.21 KM
Eirias High SchoolWelsh Establishment1.28 KM

Images

Photo 2 Photo 1 Photo 3 Photo 5

Nearby Streets

NameAverage PriceAverage SqftDistance
Ael Y Bryn Road £ 549,00000.00 KM
Ffordd Y Crëyr Glas £ 356,55900.00 KM
Devil's Bridge £ 599,97500.00 KM
Alexandra Road £ 162,45000.00 KM
The Dingle £ 152,45000.00 KM

Nearby Transport

NameNLCTLCDistance
Colwyn Bay2451CWB0.53 KM
Glan Conwy2454GCW8.13 KM
Llandudno Junction2485LLJ8.94 KM

Nearby Listings

AddressPriceTypeScoreDistance
Woodland Park, Colwyn Bay £ 149,950BUY4 / 100.00 KM
York Road, Bae Colwyn, York Road, Colwyn Bay, LL29 £ 99,950BUY6 / 100.06 KM
York Road, Bae Colwyn, York Road, Colwyn Bay, LL29 £ 269,950BUY5 / 100.06 KM
Woodland Road West, Colwyn Bay, LL29 £ 220,000BUY6 / 100.13 KM
Woodland Road West, Bae Colwyn, Woodland Road West, Colwyn Bay, LL29 £ 305,000BUY6 / 100.14 KM

Nearby Properties

AddressPriceDistance
19 York Road £ 120,0000.06 KM
21 York Road £ 125,0000.06 KM
24a York Road £ 65,0000.06 KM
22c York Road £ 62,0000.06 KM
3 York Road £ 96,9750.06 KM