Summary - Ffordd Glyder, Y Felinheli, Gwynedd, LL56 LL56 4QX
2 bed 1 bath Flat
Two-bed ground-floor marina flat with water views — renovation required; sold at auction.
Two double bedrooms with open-plan living area
A ground-floor, two-double-bedroom apartment in Y Felinheli’s sought-after marina development, offered at auction with substantial upside for an investor or renovator. The flat sits in a low-rise block with generous glazing, a small private patio and communal lawns, plus off-street communal parking. The layout is open-plan living/kitchen and a single bathroom within a modest 561 sqft footprint.
The property requires upgrading throughout — cosmetic and likely mechanical work will be needed to bring it to modern lettable or saleable standard. Important financial points for buyers: this is leasehold with 946 years remaining, a high annual service charge of approximately £3,326, and sale by the Modern Method of Auction (4.5% non-refundable reservation fee, minimum £6,600). Article 4 controls mean change of use to holiday let would need planning permission.
Strengths include the marina setting with water views toward the Menai Strait, double glazing and gas central heating, fast broadband and excellent mobile signal — useful for marketing to tenants. The apartment’s size and condition make it suitable as a value-add buy-to-let, holiday-home subject to permissions, or a low-cost entry for a hands-on buyer prepared to renovate.
Bear in mind the building’s mid‑late 20th century construction, modest communal outdoor space, and the surrounding area’s higher deprivation indicators; these factors will affect tenant demand and long-term capital growth. Perform full due diligence using the Buyer Information Pack and legal/title checks before bidding at auction.
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