Affordable coastal base with rental income potential and allocated parking.
- Two bedrooms, ground-floor apartment with sea views
- Newly renovated interior; modern fixtures and double glazing
- Allocated off-street parking for one vehicle
- Proven rental income approximately £625 per month
- Leasehold with c. 976 years remaining
- Sold by auction — Buyer packs and non-refundable fees apply
- Local area very deprived; crime rate above average
- Small overall size (528 sq ft) — compact living footprint
Set on Pwllheli’s promenade, this newly renovated two-bedroom ground-floor apartment offers direct sea views and an allocated off-street parking space. The interior is finished with contemporary fixtures, an open-plan living/kitchen with Juliet balcony, and a practical shower room — move-in ready for a buyer or landlord.
The property has an established long-term rental record (circa £625 pcm), making it suitable for investors seeking a steady income stream. With a very long lease (c. 976 years) and mains gas central heating, the basic ownership and running profile is straightforward.
Buyers should note this is a leasehold sale by auction under the Modern Method of Auction. A Buyer Information Pack (£300 inc. VAT) is required and a non-refundable Reservation Fee of 4.5% (minimum £6,600 inc. VAT) is payable on exchange. The surrounding area is classed as very deprived and local crime is above average — factors that may affect longer-term capital growth and tenant demand.
Overall this apartment suits an investor wanting seaside rental income or a first-time buyer wanting an affordable coastal base. It delivers modern comfort and location benefits but requires buyers to accept the auction process and local area challenges.
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