For Sale, 2 Bed House 

Minffordd, Penrhyndeudraeth

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Features

  • Auction Date: 26th & 27th June 2019
  • Two-bedroom mid terrace property
  • Currently under rented at £380 pcm
  • Section 21 notice served on tenant to expire 1 May 2019
  • Potential rental income of £500 pcm (£6,000 per annum)
  • Potential gross yield of 9.23%
  • Close to Porthmadog town centre
  • Close to mainline train station
  • Approx. 1,001 ft2
  • Freehold

Quick Details

2 Bedrooms1 Reception1 Bathroom

Address

Bargoed MinfforddPenrhyndeudraethGwyneddLL48 6HG
Details
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Property Details

•Auction Date: 26th & 27th June 2019
•Guide Price: £65,000+
•Freehold two-bedroom terrace property
•Currently rented
•Freehold

The property is conveniently located within the popular village of Minffordd in Penrhyndeudraeth, which is situated three miles east of the major coastal town of Porthmadog.

There are a variety of amenities within the small town of Penrhyndeudraeth including a local pharmacy, Spar convenience store and a range of shopping facilities.

Nearby Porthmadog offers a wider range of amenities, including various supermarkets and a good selection of local and national retailers.

The town also benefits from a mainline train station linking to Pwllheli and Birmingham.

The property is a two-bedroom mid-terrace, of traditional stone construction with a pitched and tiled roof. To the front of the property there is a small area of outside space.

The accommodation is arranged over two floors. To the ground floor there is a living area at the front of the property and a kitchen to the rear. There are two bedrooms and a family bathroom to the first floor.

Accommodation

93 m2 – 1,001 sq. ft
(Measurement taken from the EPC).
Please note we have not inspected this property.

Services

We understand the property has mains electricity, water and drainage. However, interested parties should carry out their own investigations.

Investment Analysis

This property is currently tenanted at £380 pcm (£4,560 per annum), however the current tenant has been served with a Section 21 notice, expiring 01/05/2019. The property has the potential to produce an income of £500 pcm (£6,000 per annum), representing a potential gross yield of 9.523%, based on the guide price.

Tenure

Freehold

Council Tax

This property is rated in Council Tax Band A. Council tax payable for 2019/20 is £1,067.

Buyer’s Premium

2% (min. £3,600) inc. VAT.

Sell Your Property

If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

•0% Seller Fee
•£0 Entry Fee
•£0 Marketing Costs
•20 Working Day Completion
•Monthly auctions

Viewings

Please contact John Pye Property on 0115 970 6060 or email property@johnpye.co.uk to arrange an appointment .

Location Map

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