6 bed Detached House for Sale

• HOME WITH AN INCOME - PRODUCING £30,000 PA
• INVESTMENT OPPORTUNITY POTENTIAL INCOME £38,000
• 5 ONE BEDROOM FLATS CURRENTLY LET
• PLUS UNLET LARGER GROUND FLOOR 1 BEDROOM FLAT
• LICENSED HOUSE OF MULTIPLE OCCUPATION
• LICENSED WITH RENT SMART WALES
• TOWN CENTRE LOCATION
• REAR GARDEN, PARKING AND GARAGE

HOME WITH AN INCOME OR EXCELLENT INVESTMENT OPPURTUNITY, CURRENTLY PRODUCING AN INCOME OF £30,000 BASED ON 5 LETTING UNITS, BUT WITH THE POTENTIAL TO INCREASE THIS TO £38,000 IF FULLY LET. A substantial detached property which was converted into 6 self contained flats in 1989, over 35 years ago. The property is registered with Conwy County Borough Council as a 'House of Multiple Occupation' and is licencened under Rent Smart Wales. The current owner lets 5 one bedroom units, 3 x £500 pcm & 2 x £506 pcm, all on Occupational Contracts and keeps a larger ground floor, one bedroom flat for his families use, however, they estimate this unit would let for around £700 pcm. In addition there is a small studio unit which is not let, but does have potential if extended to provide another unit. The property is located in the centre of the town, has a rear garden and parking facilities, plus a detached garage. For more information search :- Conwy County Borough Council for Houses of Multiple Occupation ( HMO ) and the Licencing Authority - Rent Smart Wales. MATERIAL FACTS In compliance with the Unfair Trading Regulations 2008 1. LEASEHOLD Land Registry Title No CYM582854. 2000 years from 30 November 1896. Fixed Ground Rent £14 per annum. 2. COUNCIL TAX BAND awaiting – Conwy County Borough Council. 3. All mains services are connected. 4. Flood Risk – Seas, Rivers & Surface Water – Very Low Risk. https://check-your-flood-risk.naturalresources.wales/?culture=en-GB 5. Estimated Broadband Speed – Standard, Superfast & Ultrafast. https://checker.ofcom.org.uk/ 6. Mobile Coverage – EE, Three, Vodafone & O2 – Limited. https://checker.ofcom.org.uk/ 7. EPC - Flats 2, 3 & 4 are rated D, Flats 5 & 6 are rated E, all are valid until 22 December 2034. NOTE: Spray foam has been installed to the underside of the roof.