Summary - BANK TEMPERANCE, 5 CORBETT SQUARE TYWYN LL36 9DF
1 bed 1 bath Terraced
Two modernised flats with immediate rental income in central coastal town.
Converted Grade II listed former bank into two self-contained flats
Sold with tenants in situ — investment income immediate
Recently refurbished: new kitchens, bathrooms, laminate flooring
Large overall internal area (~1,862 sq ft) across three floors
Electric panel heating; low EPC rating (40) for both units
Small private yards only; no garden and compact plot
Listed status — alterations, loft work require consent
Located close to town centre, shops, schools and seafront
An imposing mid-terrace Grade II listed former bank converted into two self-contained apartments, recently refurbished throughout. The ground-floor one-bedroom flat and an upper three-bedroom duplex have new fitted kitchens and bathrooms, laminate flooring, and retained period features such as high ceilings and original fireplaces. The building presents a ready-made income stream, sold with tenants in situ.
Important practical points are straightforward: heating is by electric panel heaters and the EPC for both units is low (rating 40). The listed status and the need for any future alternations mean further works or loft conversion would require listed-building consent. Both apartments have small private yards rather than gardens, and the plot is compact for its overall internal size.
This is best suited to an investor seeking an immediate let property in a coastal small town, or a buyer who understands managing listed assets. The location in Tywyn places local amenities, schools and the promenade within easy reach, and the property’s generous internal floor area (approx. 1,862 sq ft) offers scope for long-term value growth once any permitted adjustments are agreed with conservation officers.
Buyers should note the material drawbacks clearly: tenants remain in place at sale, the heating and EPC will affect running costs, and listed status can complicate changes. For the right purchaser these are manageable trade-offs for a large period townhouse with modernised flats and an established rental history.
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