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1 bed flat for sale Penrallt Street, Machynlleth

Asking price
£220,000
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Added two days ago

Type
Flat
Bedrooms
1
Tenure
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Key features

  • • Valuable Investment Opportunity
  • • Imposing End-Terraced 4-storey Property
  • • Fully let commercial ground floor
  • • 3 Self-contained flats above
  • • Electric heating
  • • Traditionally constructed
  • • Fully Let - approximately income £23,720
  • • CEPC - D91 Expiry 30/11/2031
  • • EPC - Flat 1 - E39 Expiry 30/11/2031
  • • EPC - Flat 2 - E46 Expiry 02/12/2031
  • • EPC - Flat 3 - E52 Expiry 30/11/2031

About this property

Situated in the centre of Machynlleth, a rare opportunity to acquire an excellent investment property providing good return from a commercial premises on the ground floor and 3 self-contained flats above, combined rent circa ?. Our vendors are reluctantly placing this substantial property on the open market due to retirement and offers potential to provide a well maintained mixed commercial/residential premises, which at the time of writing, is fully let and managed through our own offices in Machynlleth. The ground floor tenant is an established Antique Business, whereas the flats on the upper floors are a combination of 1 & 2 bedroom self-contained units and are fully let with no arrears.

Floorplan

Council tax

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Location

Penrallt Street, Machynlleth

Mortgage and stamp duty

Property price £220,000
£110k £330k
Deposit10% £22,000
£0 £220k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years

A £198,000 mortgage. Most lenders would want a household income of about £44,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Area insights

The neighbourhood around this property.

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