Summary - 16 LLOYD STREET LLANDUDNO LL30 2YA
7 bed 7 bath Block of Apartments
Large Victorian block of five flats, 300 yards from the promenade, ideal for refurbishment investors..
Five self-contained flats sold as a freehold investment
A substantial four-storey Victorian mid-terrace currently arranged as five self-contained flats, offered as a freehold investment close to Llandudno promenade (approx. 300 yards). The block includes a basement garden flat with gas central heating and four upper flats on electric heating, some with coin meters and economy 7 systems. Small front garden and a rear courtyard provide outdoor space and separate access to James Street. The building retains period character—bay windows, high ceilings and decorative cornices—while interior finishes are conventional and varied between flats.
This is a clear project for an investor or small portfolio purchaser: immediate rental income from five units and scope to improve yields through refurbishment, redecoration and more efficient central heating installation. The garden flat could suit an owner-occupier while the upper flats provide regular rental potential. Layouts include studios, one- and two-bedroom flats, and mixture of en suites and separate washrooms which supports flexible lettings or short-term holiday use (subject to consent).
Buyers should note material considerations plainly: the property sits in a very deprived area with very high recorded crime, and four flats rely on electric heating and coin meters which will affect running costs and tenant appeal. Several rooms and communal areas show conventional finishes and will need updating; EPCs are awaited. Council tax bands vary (basement A; others E) and on-street parking is immediate but limited. These factors reduce hands-off appeal but leave clear scope for value-add refurbishment.
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