Summary - Flat 1, 43 Caroline Road LL30 2TY
6 bed 6 bath Block of Apartments
Five-let block with parking and seaside access, ideal for a hands-on investor.
Six bedrooms and six bathrooms across five self-contained flats, immediate rental income
Sold as a going concern with tenants on assured shorthold tenancies
Parking for up to four cars to the rear plus a single garage
Majority UPVC double glazing; one apartment single glazed
Mixed heating: some flats on gas combi boilers, others on Economy 7 electric
EPCs predominantly D; improvements could raise ratings and reduce costs
Pre-1900 granite walls likely uninsulated — retrofit may be required
Located within easy walking distance of town and the Promenade; high local crime rate
A substantial Victorian semi-detached property converted into five self-contained one- and two-bedroom apartments, offered as a going concern with tenants in situ on assured shorthold tenancies. The block sits on the level within easy walking distance of Llandudno town centre and the Promenade, providing immediate rental income and straightforward management access. On-site parking for up to four cars plus a single garage adds practical appeal for tenants or future reconfiguration.
Income potential is clear: each flat currently sits in Council Tax band A, and EPCs are generally D with uplift potential to C/B with targeted works. Several flats have gas combi boilers while others use Economy 7 electric storage heaters, so some modernization and consolidation of heating could reduce running costs and improve lettability. Many windows are UPVC double glazed but one apartment retains single glazing, and the original granite walls likely lack insulation — both are practical improvement areas that would raise energy performance and tenant comfort.
Important risks and costs are factual: the property is in a very deprived area with a very high local crime rate, which can impact yield, tenant turnover and insurance costs. The building is pre-1900 with traditional construction and will require ongoing maintenance and selective refurbishment to optimise rents and energy ratings. Buyers should budget for potential upgrades to heating, insulation, and any communal repairs when assessing net returns.
For a hands-on investor the block offers immediate cashflow, scope for value-add improvements and a desirable seaside location close to amenities. The sale as a going concern with sitting tenants suits purchasers seeking an operational portfolio rather than an empty redevelopment project.
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