Summary - ALLTWEN, 12, MARKET STREET LL55 1RT
5 bed 4 bath Residential Development
Five self-contained flats close to Caernarfon Castle, ideal for investors.
Grade II listed stone mid-terrace within historic town walls
A substantial Grade II listed stone mid-terrace set within Caernarfon’s historic town walls, this five-storey property is arranged as five self-contained flats and sold freehold. Its location close to the castle, shops and transport makes it straightforward to let to visitors or longer-term tenants. The building benefits from a rear yard and street parking, plus excellent mobile signal and fast broadband — useful for holiday lets or working tenants.
The flats require renovation and modernisation: electric heating, timber single-glazed windows and general redecoration are all present. Listed status will restrict alterations and may add cost and lead time to structural or window works. The upper rooms have low ceilings and some visible cosmetic issues; the property needs a scheme for internal upgrades and improved heating efficiency.
This is a clear opportunity for an investor or small developer who can work within listed-building constraints. Income can be generated quickly from the existing five apartments while upgrades are planned. Be aware the neighbourhood records higher crime and is in a very deprived area, which will affect tenant type, rental yields and management requirements. A viewing is recommended to assess condition and scope for improvement.
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