Summary - THE OAKLEYS APARTMENT 1 OAKLEY WHARF PORTHMADOG LL49 9AJ
2 bed 1 bath Apartment
Characterful two-bed ground-floor flat with parking and proven holiday-let income..
Two double bedrooms, deceptively spacious ground-floor layout
Two dedicated off-street parking spaces — valuable in town centre
Successful furnished holiday let meeting 182-day local rule
Grade II listed — restrictions on alterations and repairs
Long lease (980 years) with modest ground rent and service charge
Stone walls likely uninsulated; thermal upgrades may be needed
Small private gravel courtyard; overall outdoor space is limited
Area has above-average crime and high local deprivation metrics
A spacious ground-floor two-bedroom apartment set in a converted Georgian/Victorian stone terrace, moments from Porthmadog harbour and the Ffestiniog Railway. The layout feels larger than its footprint, with bay windows, French doors, and a generous kitchen/diner that suits relaxed everyday living or entertaining. Two dedicated off-street parking spaces are a rare practical bonus for this central location. Currently run successfully as a furnished holiday let, the property offers immediate letting potential for owners seeking income.
This apartment will particularly appeal to retirees seeking a low-stairs home with easy access to shops, coastal walks and local services. The Grade II listing preserves attractive period features but will constrain external changes and some improvements. The building dates from the early 20th century and the stone walls are assumed to be uninsulated — some thermal upgrade work could be desirable. Double glazing is in place but was fitted before 2002.
Practical costs are clear: a long lease with 980 years remaining, an annual ground rent of £250 and a service charge averaging £1,688.40 per year. The immediate outside space is small (gravel courtyard) and the property sits in an area classified as ‘ageing rural neighbourhoods’ with above-average local crime and high area deprivation — factors to weigh for long-term living or lettings. Broadband speeds are fast and mains gas central heating serves the flat.
In summary: a characterful, conveniently located retirement or holiday-let opportunity with two parking spaces and a deceptively roomy interior. Buyers should be comfortable with listed-building constraints, consider thermal-improvement works, and factor in service charges and local area descriptors when assessing suitability.
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