Bright one-bedroom second floor flat with attic storage and low running costs.
Freehold included with approx. 995-year lease
Set within Caernarfon’s historic walled town, this well-presented one-bedroom second-floor flat offers low-maintenance living or a compact investment bolthole. The sale includes the freehold and an exceptionally long lease of approximately 995 years, removing common leasehold worries. Natural light fills the open-plan living/kitchen, and a substantial attic provides valuable storage or scope for development subject to consents.
Practical running costs are reasonable: gas central heating, double glazing, a below-average service charge (£250pa) and modest ground rent (£250pa). The flat is chain-free and located a short walk from shops, cafés, the waterfront and transport links — ideal for a first-time buyer or investor wanting town-centre access.
Buyers should note this property is offered via the Modern Method of Auction. That process requires a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) and completion within 56 days, so allow time for mortgage and legal checks. The neighbourhood faces high crime rates and marked area deprivation, and broadband speeds are slow — factors to consider alongside the property’s positives.
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